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The debt elimination was GENIUS and INSPIRATIONAL!
I called Chase Bank and told them that I was spinning off my home mortgage and my Mastercard balance to a third party, who would be responsible for all payments moving forward.
They took it surprisingly well. I should have done it years ago. For sure I will do it again in the future.
Your logic is sound.
There are plenty of money managers who are prohibited from owning stocks that are priced under $ 1.00
If Eddie does a RS at 10000:1 this will give PRPM much more exposure in the investment community which could cause the PPS to soar even higher.
Heck, maybe going 1,000,000:1 will get this thing into the S&P 500.
Trust Eddie to do the right thing.
Indeed, anything can happen.
Using that logic MELY should seek out someone looking to sell dollar bills for 60 cents a piece.
Leasing servers for substantially less than what the rig owners could reap from mining themselves is just silly.
* Wife in hospital.
* Tumor wrapped around spine.
* Dog having trouble delivering her puppies.
* Flight delays out of Vegas.
All you can think about is your dividend? Have some sympathy.
Where's the dividend
Why would Washington County cut Looter any kind of a break based on snitching? The locals will put Lootie behind bars based on his theft. They don't care that Eddie stole from the safety of his keyboard in Plano.
Maybe the Plano authorities will lock up Eddie because of traffic tickets. That would be entertaining.
Looter snitching on Vaksham
Maybe Eddie will come visit Looter in the Washington County jail. The two can brainstorm on a WHOPPER of a PR that will generate some interest in SUTI.
Clearly SUTI is in a JV with TDEY to develop an Apple Watch Cannabis App.
But we need to go BIGGER
SUTI to get 51% revenue share on the Mayweather / Pacquiao fight.
I think that will be it.
If I had a negative view of the future price for BTC then I would be OK leasing out my rigs for less than the amount I could earn from mining myself.
That assumes, of course, that the person to whom I'm leasing is still going to pay me even though he is losing money when the price of BTC falls.
As Lessor I could have 2 months of security deposit so that covers me against the Lessee walking away when prices go down the dumper. But after the 2 months I'd be stuck with mining equipment and a potentially depressed BTC price.
So, it still could make sense for me to put the BTC risk on someone else by leasing out my rigs for less than they my be earning for me at today's price.
BINGO! See my printing press analogy. Why would I lease you my printing press for anything less than the amount I make by printing $ 100 bills that I can spend at the Piggly Wiggly?
A little accounting and logic should be brought into the picture.
We see your revenue projections. What does the expense side of the ledger look like?
As many have pointed out here, there was a proposal by Brett to lease hashing power. Interesting concept.
If I owned a printing press that could (legally) print $ 100 bills why wouldn't I run my press 24 x 7 and keep those bills for myself? I would lease that capacity to print $ 100 bills because...why?
BTC mining is similar with one big added variable: unlike the value of a $ 100 bill, the price of BTC can fluctuate. I suppose if I had 3PH of mining I could "lock in" a fixed profit by finding someone willing to take the risk of BTC price fluctuations.
So, if BTC value stays the same, Lessee makes a tiny profit from the miners. If the price of BTC goes down, Lessee loses his shirt (and ultimately walks away from the deal).
The only scenario where Lessee (MELY) wins big is if the price of BTC goes up significantly.
So, the cost of the 3PH lease is a HUGE factor. I doubt such an arrangement will be very profitable for MELY unless BTC soars in value.
And the announcement that the company will be magically "spinning off" the liabilities is such utter nonsense, yet it has been repeated here numerous times. Just ain't gonna happen.
If liabilities could be just "spun off" at will to some new entity, well...dianne and I would probably be the only two still paying our bills because we are "that kind of people."
Both
Do you mean his pathological lying... or his obsession to protect the planet from full wine bottles?
I dunno. The locals likely don't care about Looter spilling his guts about a scam that Edwards is operating out of Texas.
If Lootie had evidence of someone selling dope in the trailer park maybe they could cut him a break. But someone pulling a securities scam out of Plano?
Indeed. I have to believe that even the Eddie-ites read his whopper PRs (if they can comprehend the broken English) and spit out their coffee at some of his plans/acquisitions/revenue projections/name drops.
But it's all about the "run." AKA trying to get out before the suckers realize they've been sucked.
Watching this is drama is less expensive than a Netflix subscription.
Eddie can't stop stealing any more than a skunk can stop stinking.
If it's in your DNA, then it's in your DNA.
People should be more sympathetic to Edward's "condition."
KAM: Nice job on the iBox. Such a trip down (recent) memory lane.
Should the year on the two dates below be 2014? Also, since I'm a bit of a spelling/grammar nut, remove the apostrophe in "Its'" and insert "in" between "incorporated" and "Nevada."
SUTI was incorporated NEVADA. Its' business license expired on 5/31/2015 and was dissolved on 2/3/2015.
Edward is practicing his ability to make false statements. Don't forget, he goes on trial MONDAY!
in the document there is a false statement:
It would appear that some of the information there is for the "old owners" of SUTI. The website link www.suti.com refers to the old business (University blah blah blah).
Perhaps Eddie/Scott selectively decided to leave the AUDITED notation thinking that no one would notice.
The filings say UNaudited. I'd go by that.
Lou, where are you seeing AUDITED? I see UNaudited.
Cover page of the financials posted to OTCMarkets
http://www.otcmarkets.com/financialReportViewer?symbol=SUTI&id=135949
Shows this:
This! Google Scott Weinert SCAM and you will see some entertaining information about his affiliation with Eddie.
I just read a 2015 press release from another Eddie sham company wherein Mr. Weinert is quoted. The PR is full of Eddie random capitalization and poor English. It quotes how another company does over $ 500 million in sales annually. It's not the Eddie company making that revenue but Eddie thinks it's worth mentioning.
Hey Eddie, AAPL did $ 182 BILLION in sales last year. Mention how SUTI and AAPL have a lot in common (stock symbols both have 4 letters!!!!) and people will project sales for SUTI based on AAPL results.
Another Eddie laugh-fest.
Taking a financial cue from Eddie and Scott, Dukeb shall be spinning of the mortgage on his home into a privately held entity, thus relieving Dukeb of approximately $ 600,000 in liabilities while Dukeb shall retain the home -- now free and clear of any payment obligations.
This shall result in an immediate TAX FREE NET PROFIT of $ 600,000 for Dukeb.
It's what we in financial circles call a Win/Win!
Dukeb is also proud to add Janet Yellen to the Dukeb Board of Directors. She's got experience in business stuff and we're sure she will be a big help to Dukeb moving forward. She speaks English and took some high school Spanish.
SMH
That was a nice trip down memory lane, GA. Thank you.
Jailbird
What is Luther's real last name?
Talk of the dividend is amusing. Goes to show how little these folks know about the history of SUTI. I get it -- they don't care since they are just looking to suck in others who will hold the hot potato when this thing gets shut down.
FYI: The promised dividend (which will never happen)is to give 500 million shares of YOUR company to the bagholders of PRPM.
Since everything about the company is a fairy tale no one should be concerned about the dividend. But under no imaginary circumstance will the dividend benefit SUTI holders. If it did happen it could be dilution of your "ownership" of this sham.
Careful with those potentially libelous words, Cowboy.
Looter is very protective of his reputation. All he has is the good name of "Looter R Jeffries."
And his trailer.
Is this guy Macheivella?
But $ 133 profit, CJ. In Looter's world that's what we call monthly lot rent.
New CEO doesn't get out of solitary until next Monday. He will release PR at that time.
That's a different Luther R Jeffries of Glens Falls, New York.
LOL.
Any thoughts on whether Looter traveled to Vegas? He said he was meeting with prospective business partners. I dunno if the the TSA is on the lookout for folks like Lootie who are on a County wanted list.
Or was Lootie sitting in the NY trailer park the entire time as he wrote of flight delays back from LV?
Sorry. Ex-Ceo of Sara Lee. Makes it even worse.
What a sad day when the ex-CEO of Procter and Gamble is behind bars.
....and the sad part is that Looter used up all of his "sick days" when he had the imaginary tumor.
These days behind bars will not be recompensed.
How's that?
It's going to be just the beginning for Looter.
You going to hire an attorney to get ownership of that orange jumpsuit? Don't bother: it belongs to the Sheriff's office.
Unless Eddie was using Looter's whereabouts to negotiate something for himself why would Eddie throw Looter under the bus?
As appears in the comments section of the new article:
It took 9 yrs. to find the guy living in Moreau?
There's only so many gas stations and barrooms within a 5 mile radius. Looter was bound to turn up in short order.
Eddie is scouring a list of recent Harvard Business School graduates looking for an appropriate CEO candidate.
Eddie is also scouring a list of America's Most Wanted felons in case plan A doesn't pan out.
Looter will be the convenient fall guy.
New CEO will tell bagholders that Looter messed up and caused the rift between the growers and SUTI. Looter interfered with all sorts of various relationships that caused deals to fall apart.
But keep the faith, my denizens. Prosperity is just around the corner.