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Each block is 25 BitCoins. MELY earned 25 BTC plus 3.5 in one day. That is a total of 28.5 BTC in one day or around $15,000 in one day. They found one block with a mining speed of 89TH/s. If they get up to 1800TH/s they will find many more blocks of BTC/day in addition to earning over 20BTC just for mining.
All newbies to BitCoin should watch this video. It helps explain the potential here. Good luck.
I love when posting the facts on this board somehow is misconstrued to "posting nonsense." Why do people end up trying to belittle someone when they can't support their position? I do say condescending remarks to anyone on this board, yet when can't support their positions, the snide remarks are often uttered. BTW, I do own MSF@ and other blue chips. Finally, yes impeccable timing. So far all traders in this stock are underwater. Good luck with trading ELRA.
Read my post. I said you can make money here, but your timing must be impeccable.
Are you serious? Would you call being down over 20% in the money. I definitely would call being down 20% underwater.
Definition of 'Form T'
A form that FINRA requires brokers to use for reporting equity trades executed outside of normal market hours. Form T trades occur during extended hours - before the market opens and after it closes. The objective of the Form T reports is to maintain market transparency and integrity.
Since PINK Sheet stocks don't trade after-hours, the ELRA MM's often sell blocks of shares during normal trading hours and do not report them until after hours to disguise their trading patterns. The vehicle they use to disguise these trades are Form T-Trades.
What is your definition of a T-Trade?
Nah, not everyone is screwed. They are all professional traders. They will just trade their way to profits.
Where have you been? This issue was discussed a week ago.
Here is the first link of the conversation:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105571920
I said holding ELRA for over 2 hours is risky. Holding ELRA for a year will be disastrous. Not once did I imply or say to hold this for a year. Also, I said that you can make money here, but your timing must be impeccable. Again, we will see what Tuesday brings vis a' vis your .0027's.
Conjecture is not a fact... "If" does not denote anything is a fact because the event has not happened. The fact remains that all current holders of this stock are underwater. Yes traders can make money here, but your timing must be impeccable. The MM let it run occasionally to draw people in a fake run and then the dilution drops the price significantly. That is why I said holding over a few hours is very risky. Go back read the posts on this board and you will many traders have lost money with ELRA. Lets see if anyone can make that 20% on Tuesday..
You missed the point entirely. With the amount of dilution that ELRA is kicking out, you cannot hold this for over 2 hours. Think about it, diluting over 200M in 3 months does not give a trader a lot of opportunity to make money. The T-Trade put this at .0025. That is .0001 above the 52 week low. Based on the T-Trade, Anyone and I mean Anyone that currently owns this stock is not in the money. Just look at all those traders that loaded in the 3's and even at .0027. They are underwater. These are the facts.
Thanks for that well thought out reply.
Why would you be super nervous? MELY still banks over 3BTC a day. Finding a block is just a bonus.
I would be surprised if they ever found a block while operating under 500 TH/s. If they are operating over a PH/s, you will see MELY finding several blocks per day plus getting over 30BTC a day. Look at BTC Guild for guidance on finding blocks. They currently are operating at over 11PH/s and they find a over 12 blocks per day.
https://www.btcguild.com/index.php?page=pool_stats
2.2M T-Trade at .0025 does not bode well for Tuesday. Looks like a gap down for sure. BTW, in January 2013, there was a 1-100 reverse split and this year a 1-10 reverse split. Currently, over 210M outstanding shares. That means since January 2013 there have been over 210 Billion shares issued by ELRA. Given the remaining convertibles, ELRA total issued share count could easily reach over 1 Trillion shares within the next 3 years. Good luck to all the traders trying to get a slice.
Does anyone know if this is near any record amount of shares issued? Finally, how can I IPO a company and make this kind of money without actually producing anything meaningful???
The tide vis a' vis short interest has changed! Today's short interest info:
Date Vol Shorted High Low Close ShortVol RegularVol
Aug 28 3.97% NA NA NA 1,040,999 26,251,897
http://otcshortreport.com/index.php?index=MELY&action=view#close
The last time short interest was this low, the PPS increased substantially. Lets see if this theory holds true for tomorrow.
Questions:
By this post are you saying you received 60 different promos for MELY?
During the timeframe you mentioned, there were volume days of 5 to 8 million. How can a PND be successful if there is no volume to dump?
Finally, a PND is usually nothing more than that with no substance behind the pump. If your theory is correct, then are implying MELY is not actually mining BTC and not making money???
If MELY is indeed making money and follows through on their business plan, do not agree the stock price will substantially increase and see .0001 or zero bid????
People ARE interested in this stock. I am interested and I bought on the bid side. This stock is being heavily shorted. Did you think someone sold short my position? Buyers will come as the price climbs. I for one would not want to chase this stock on the way up. Better to buy it when no one is really interested and selling it when everyone wants to own it. Cycles come and go and if the company continues with its business plan, the price will certainly increase. Finally, I for one don't mind contrary opinions.
They were not all sells. 5M was bought by me. They had been sitting on the bid all day. I don't know if this good or bad news because this stock is not trading in a conventional way or according to any fundamentals. We will know tomorrow if those 10M being taken out at the bid is good news. However, with tomorrow being the last trading day before the holiday, I don't expect too much volume or activity here.
LOL. Volume 100 shares. How may baggies did that last promo create????
This is not true. We are not being provided with accurate time and sales info. My account shows that I have purchased over 2M at .0011 today (three separate orders). Therefore, my buys are being reflected as sells. Also, my buys were listed/compiled in with larger orders to further disguise the trading activity. If your theory was correct don't you think MELY would down significantly today? Ask yourself, why is this manipulation occurring???????
My .0011's have been sitting for over 2 hours. To the note holders... If the note holders want to convert at .0011, I will take those shares.
The market makers must have given a lot of 100 signals because over 150M shares have been issued in the last two months. IMO the 100 signals will continue to come for another 700M shares.
Tower, I would recommend you ask Brett for a job at MELY. That may help you better understand the dynamics of this operation and assuage some of your concerns and/or fears. Otherwise, like all pilots say, "just sit back and enjoy the ride as MELY takes you to your destination."
Where is FLEX today? I guess he made his $500 and moved on. FLEX and his team did a great job moving ELRA from .0031 to .0042 on hype. I commend him on his timing. He did get a little nick on the Gladiator known as ELRA and now ELRA is back in the slaying mode and bringing people misery in a sea of red. Warning: all traders should now exit or become a victim of the Gladiator ELRA and thereby become bag holders...
Me and everyone's mother wants shares at .0011. I guess that is why there are 12,000,000 shares on the bid at .0011. If they are diluting, these shares will get snapped up. And if the shorts want to cover, they can do it at .0011. Lets see how it unfolds in the next three hours.
Flex, I truly hope you can at least get a good lick on this Gladiator. So far, many have fallen and lay wasted before you. I got you in at .0026 as the crowd cheers. live, live, live...
ELRA is like a gladiator. You may get in a few nicks here and there, but you will never defeat this gladiator. ELRA will go undefeated and it will win ALL battles and leave devastation in its wake. Your timing must be impeccable in order to make money with ELRA. Some have made a little money, but most have failed and continue to fail. I have chosen to concede that ELRA is the best at what it does.
Those of You Who Are About to Die ... I Salute You!
Thanks. Indeed, exciting times ahead.
AMI,
Not the 6M per se for Friday, but the percentage of shares shorted vs the total volume on each day. For instance on Thurs 22M short or 39% of the total volume. Each day, the shares shorted are mostly 20% to 30% short. On Aug 14, 49% shorted. I am curious if this is normal behavior for a sub penny stock? In other words, why are shorts interested in this sub penny stock?
Anyone want to comment
On why MELY is soooo heavily shorted?
http://otcshortreport.com/index.php?index=MELY&action=view#close
IMO, this is the real reason why the stock is in a downtrend.
Comments???
Is this the same $15M that Sierra World Equity rumored in July? i guess they knew something...
BTW, this info was poo pooed by the board.
Thanks for the response. I am not bashing or sending emails to the company. I just think seeing the miners in action and the results they produce will help to assuage peoples fears and instill confidence in the company.
MELY management--We need to see the miners working and the pool open. How can we see miners at the "New pool is online at Dynamo servers?" Where is the link to the Dynamo servers? Remember transparency? BTW, why are registrations and logins disabled? If people can't register and login and join the pool, how can that be beneficial to MELY?
Question: Who bought all those shares at .0011?
I am waiting for today's short interest to be posted. I think we had some short interest covering here at .0011. Today's action signaled IMO, a reversal. The stock could have easily broken .0001; however, trades remained between .0001 and .0011 with a lot shares trading at .0011. Thoughts anyone???
MELY management, get the pool open ASAP!
I must admit...Something smells in MELY land. There is practically no volume. This means, there is practically no interest in MELY. Something is not right! Also, this should not be trading at levels that are lower than the price prior to getting 100 servers online. The company needs to resolve the mining pool issue immediately to continue to provide visibility.
ELRA has increased the number of O/S by 200% since these new posters showed and started touting this stock. Coincidence? I think not. July 25, 2014 47M shares outstanding. August 18, 2014 141M shares outstanding. That is an increase of almost 100M shares in less than a month. How can anyone tout a stock that is diluting at such a hurried rate? Look for another reverse soon to get the PPS back over .01.
Meanwhile, no trades for an hour.
There is more than 10,000 shares available at .0017. How many only the MM's know for sure. I just bought and CTSI moved in front of the VFIN and the 10,000 did not move. This does not bode well for any upside.
There are some hidden trades going on. I just bought 1M and it did not show up on level II.
Looks like 15's will hold...for today.