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If that definitive agreement to purchase additional equipment is confirmed we'll have another $700K worth of mining equipment.
This could be huge guys. Especially if prices on crypto start to creep up by years end.
GLTA
I was thinking the same thing. Must have been a compelling plan. ~$75K isn't tons of money but still.
Makes me think the additional GPUs and install must have progressed. Would love to hear a report that everything is up and running with a predictable amount of monthly revenue being indicated.
They did say everything will be up and running by September.
If you had an opportunity to get a message to J Read you know he would read what would it say? Especially if you desired a response. Short and sweet? One sentence?
"With regard to Teraforge, how are things going?"
"What direction will Teraforge take once the Pennsylvania setup is complete?"
"Why has there been such little public communication from Teraforge over the last six months?"
Your decision friend. Its your money. I'm going to hold out.
We know TFVR is again moving their equipment and installing new machines. To date there has been no push by this "company" to boost value. Why? Because they don't need to yet.
It will come. I'm in no rush.
Yesterday and today are so strange. I'm still a long holdout. Not many of us left.
I expect news this week. Something should drop about the move and installation.
Call me crazy but I don't think this meeting scheduled for the end of July is going to fire.
Forever optimist here. I think Read is intentionally withholding information for good reason. There was talk of the toxic investor. Why not hold off on releasing things to fully rid this company of all baggage. Who knows if this supposed meeting at end of month is even going to happen. Wouldn't surprise me if it doesn't happen.
A RS would be troubling but as Read has hinted, may help this company with whatever their next step is.
As others have stated. TFVR is just getting started and laying the groundwork. When the coast is clear I expect a surge of news. This is going up and will stay up with the occasional pop.
I for one am excited to hear about additional purchases and installations.
Full disclosure - I hold a 1 mil+ position in TFVR and I'm long. Feel free to bash.
Who is selling these small orders? I don't get it. Is it MMs?
Can someone smart or in the know explain this to me?
We are on the verge of news here that will undoubtedly be positive. I just don't understand what is happening.
Most would echo that when you suck this long and hard you expect something to happen. I think TFVR is ready to unload but Jonny R is going tantric with this. He alone controls when this is going to go off and will continue to jerk us around until he's ready for the release. He's still choosing where he wants to shoot. This is either masterful control the likes of which I've never experienced or a total slop job and I'm sure we've all had those.
Any one of us could have done more than has been made public in a spare weekend of our own time. The lack of communication has got to be intentional. He's waiting for the right time.
Hang in there.
Can't wait for the update on the additional equipment and install. Remember this?
SCOTTSDALE, Ariz., May 14, 2018 (GLOBE NEWSWIRE)
...approximately 20 Antminer S9 Bitcoin Mining units were installed and have been running for approximately three weeks.
After successful Phase I implementation and operational execution of the initial mining units, the Company has invested in 20 additional S9 antminers plus 82 new L3 Litecoin antminers to improve the project hash rate. 32 new GPU mining rigs consisting of a total of 192 Nvidia Geforce GTX 1070 cards will be brought online to diversify the portfolio of cryptocurrency altcoins mined. The new units will allow the Company to mine the top five most profitable GPU altcoins; Ethereum, Ethereum Classic, Monero, ZCash, and Ubiq.
Finra response to my email. What I expected.
Dear Mr. X,
This is to acknowledge that on June 6, 2018 the Market Regulation Department of the Financial Industry Regulatory Authority (FINRA) received your E-mail complaint regarding trading activity in TimefireVR Inc. (“TFVR”). We will use the information you have provided regarding TFVR in the scope of our regulatory programs designed to determine whether violations of federal securities laws or FINRA or other rules have occurred. While the reviews conducted by the Market Regulation Department are confidential and non-public, the staff may contact you if deemed appropriate as it carries out its responsibilities with regard to your complaint.
You may also contact Market Regulation Customer Complaints at 240-386-5105, or by email at MarketRegComplaints@finra.org.
Sincerely,
Market Regulation Customer Complaints
Confidentiality Notice:: This email, including attachments, may include non-public, proprietary, confidential or legally privileged information. If you are not an intended recipient or an authorized agent of an intended recipient, you are hereby notified that any dissemination, distribution or copying of the information contained in or transmitted with this e-mail is unauthorized and strictly prohibited. If you have received this email in error, please notify the sender by replying to this message and permanently delete this e-mail, its attachments, and any copies of it immediately. You should not retain, copy or use this e-mail or any attachment for any purpose, nor disclose all or any part of the contents to any other person. Thank you.
News will come... But only because it's been three weeks since anything. Also - "news" will likely just be another filing and nothing big. Hope I'm wrong but I agree. Signals in this market are worthless.
I still believe something is happening behind the scenes. It is frustrating that there isn't more news or communication but Teraforge is still in its infancy and is only half a year old. Heck - the name change isn't even official yet. The seeds are being sown.
Fingers crossed for all our sakes that when this takes off it brings all of us with it.
I wrote Mr. Read a very short letter which went out yesterday. If I receive a response I will let you all know.
If they would let this creep up in small increments over the course of three or four days I think we would see a lot more volume and it would be a win for everyone. In my opinion, lowering the price further is likely to generate less movement.
Thanks for the link. Wrote Finra.
Things are looking up today. Should start on an upswing which hopefully will cause people to pile on. It's going up the rest of the week. I expect 10 million volume today.
I'm a novice and haven't ever experienced anything positive in OTC land which explains my comment yesterday but make no mistake, I'm here long with over 1 million shares.
We're all in this together and if we survive I feel like I'll remember you all forever. Well, at least your user names.
TFVR!
I've been thinking that for a while. I wonder how Read's contract holds up with his ability to purchase additional shares at .03. A RS would likely put the PP above .03.
My hands are becoming weak but I'm so far down at this point is doesn't matter.
I'll take a RS as long as it comes with some announcements. A name change. Formal website announcement and a strategic plan made public. Additional operations purchases. Anything.
I think the play is hold long. Read is in no rush based on his actions over the last few months. Playing the pump and dump game is not the answer here. It is hit or miss. I think hold and wait until Q2 or Q3.
Wish I could not look every day and come back in four months.
I see two filled orders of 1. One buy and one sell.
I understand this to mean an MM wants more shares.
Is that correct or am I incorrect in interpreting the signal?
Does this mean price is being driven down?
Does this mean dilution is in fact over?
Or because this is a sub penny stock is it not even worth guessing?
Can't think of any reason for Read to drop news. What would his incentive be?
I do think the meeting happened. I bet time and location were only sent out to those who could confirm attendance. I doubt that included any shareholders at our levels.
Why else do I think the meeting happened? Because Read needed confirmation on the name change and buy in from all parties before other balls could be set in motion. Otherwise he is taking risks and doing things out of sequence. The recent website SEC filings are a good example of this. Seemingly weren't online until after the purposed meeting date.
Someone else mentioned Read trying to do this one right and setting up his retirement... I'm in agreement. I think he's going by the book. Slow and steady.
Would love to see this pop - I'm a total noob who has never experienced that - but my suspicion is this continues to creep until positive news is dropped.
My bet is it retraces back to ~.03XX until Q2 financials or extremely positive news.
Either this slowly builds up, doubling over the course of the week with 20% gains and ends up exploding with news at the weeks end or... we all get our legs cut off with bad news.
Were all of the SEC filings for TFVR's company history always available on the "Investors" tab of their website? Or is this a recent add?
I don't recall seeing this the last time I was on their webpage. Appears all filings dating back to 1997 are available in multiple formats.
http://www.teraforge.com/investors/
Proxy notice for Shareholder meeting posted on March 5. Meeting had been scheduled for today. We're all having trouble confirming if it is a go or not.
When / If this thing takes off we all need to light up this board with posts.
Might be headed up now. Come on TFVR! Would be huge!
If the meeting happens (which I think it will), what is the predicted timeline for news / announcement?
I wouldn't be surprised to have silence all day and a filing on Monday.
Take my optimism with a grain of salt but maybe Read has finally learned his lesson and is trying to do things right?
Having a meeting to properly vote through changes.
Not making any announcements prematurely.
Not proliferating false and paid for news about this "business."
Here is to hoping the meeting is a go, positive takeaways, a website and business announcement soon after, proof of positive revenue and mining, and ethereum price going up!
news coming. 1 volume - lol.
Really hope this turns around. I'm right there with you at just over $10K in averaging just over .02. ouch. holding. hoping this meeting goes through. hoping LOI goes through. hoping this pops to .06.
Anyone think this is temporary? Lower lows to come? I'm not trying to nay-say here. What if a Reverse Merger happened? Wouldn't old Reed benefit and be able to purchase for .03 cents a share after the RM bring the price to .10 cents? I don't really know the rules.
Don't get me wrong. I'm all for this thing moving up and would love positive news. I'm in at 475,000 myself.
My body is ready! TFVR!
I think we're all red here. Need news otherwise this will likely float above .01 until early May. For perspective, I'm just under 400K averaging .034. Ouch.
At Dropper, et al in Texas - I hope you can make that DD happen. I think anyone who is in TFVR would support your efforts. I'm a small timer with 285K at .041 but if there is anything I can do on top of writing for information at the listed address let me know.
Doesn't it seem probable that this will rise at least a few cents to .05 or .06 and then retrace back to .03 until we approach the meeting date?
Yawn. Wake me up when new hits.
Seeing users here whose accounts are very well established gives me hope that news will come. Tomorrow is two week mark since last filing.
From what I see in the crypto penny markets, if positive news hits this will run up for two days with a sharp downtown immediately after unless a second filing appears.
This merger is over. Not good. Reading through these forms and seeing spelling mistakes is pathetic. Not saying something good can't still happen here but this is proof the "planned merger" is off.
https://seekingalpha.com/filing/3861557
Not sure that means anything though. I checked other flagged OTCs over the last four months with 13 flags. Not a single one had a significant price spike after 13 flags. I'm new at this and still learning. I think we just need to wait and see.
Maybe they had a smaller amount of outstanding shares?
In last Friday at .046 with just the tip. I'm always long so if need be I'll watch this down to zero. The risk reward is too great.
Total noob here playing with money but since I'm not trading to make a living long is the way to go.