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He has done what most others couldn't do with the severe drop in BTC. SURVIVE!!! And I told him that a few weeks ago. There are companies that are folding because they over extended themselves and couldn't pay their bills. Revenue, albeit small per this filing, says a great deal about this CEO.
IMO
LJ
Integrated Ventures Provides A Corporate Update And Reports Financial Results For Q1 Of 2019
January 24, 2019
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INTVCORP
PHILADELPHIA, January 23, 2019 / PRNewswire/ - Integrated Ventures Inc (OTCQB: INTV) (“Company”) is pleased to report the filing with the SEC, its Quarterly Report (Form 10-Q), for the financial period, ended September 30, 2018.
Financial Highlights:
For the first fiscal quarter ended September 30, 2018, the Company had total revenues of $115,245, consisting of revenues from mining operations of $100,465 and equipment retail sales of $14,780. Gross loss on revenues occurred due to sever decline in cryptocurrency market pricing, electricity costs, expenses of consolidating operations and a short useful life of mining equipment used to depreciate these mining assets.
Total assets increased from $829,522 at June 30, 2018 to $$1,808,501 at September 30, 2018. Current assets, which includes cash of $199,096, totaled $319,947 at September 30, 2018, an increase from total current assets of $170,517 at June 30, 2018.
Company's total investment in property and equipment, net of accumulated depreciation, increased from $633,105 at June 30, 2018 to $1,469,421 at September 30, 2018.
During the quarter ended September 30, 2018, INTV had acquired 182 ETH mining machines. 152 rigs were placed into our mining operations, with 30 units, deemed to be under performing, are in the process of being sold as parts.
The Company had reported a non-cash net loss of $1,700,222 for 3 months, ended September 30, 2018, mainly due to crypto industry driven accounting treatment, consisting of non-cash impairment of crypto assets of $2,097,930, which was partially offset by non-cash other income of $1,051,207, resulting from the reduction in our derivative liabilities. The impairment of assets resulted from the write down of mining equipment to estimated net realizable value.
Company's total liabilities of $2,089,869, as of September 30, 2018 and have decreased from total liabilities of $2,964,340, as of June 30, 2018. Total liabilities included derivative liabilities of $1,917,301, which will not require any cash payments.
Corporate Update presented by Steve Rubakh, CEO of Integrated Ventures, Inc:
Our Q1 Financial Results were negatively impacted by the decline in cryptocurrency market. The Company had executed a number of cost cutting measures, designed to stabilize and maintain mining operations, such as : (1) renegotiating (50% reduction) lease terms for our warehouse in NJ, (2) temporarily powering down unprofitable BTC and LTC mining rigs, due to low cryptocurrency market pricing and (3) relocating 152 newly acquired ETH mining rigs from Graham, NC to NJ, to eliminate monthly hosting fees, to gain control over daily rebooting operations, designed to achieve a more consistent revenue flow.
The total number of units connected in PA/NJ is at 200 (including 48 Panda Pro ETH miners).
The Company has formulated a Business Plan, based on INTV's corporate structure as a Holdings Company. The core strategy is to aggressively pursue M&A and Joint Venture type transactions.
The Company is currently engaged with multiple organizations in regards to: (1) a potential M&A transaction with NJ based revenue generating mining farm to purchase all their assets, consisting of 280 ETH, 260 BTC mining rigs and recently constructed 1 meg high-tech mining facility, (2) potential M&A transaction with NY based, revenue generating mining pool, to purchase all related assets, (3) a potential joint venture transaction with Swiss based financial services company with multiple banking and brokerage licenses, focused on developing and launching cryptocurrency projects, including an SEC compliant exchange for Security Tokens.
The Company is performing Due Diligence, in regards to potential launching of STO (Security Token Offering) via filing S1 or or Reg A+, by registering 25,000,000 Security Units and 10,000,000 Security Tokens. Each unit will consist of 1 Security Token and 1 INTV Common Share. The goal is to register, list and trade Security Tokens on tZero Exchange (owned by Overstock), which is launching this week.
The Company intends to dividend 10,000,000 Security Tokens to all INTV shareholders of the record.
Note that the Company anticipates that S1 or Reg A+ filings will require Corporate Action, to increase the number of Authorized Shares. The final number of shares to be authorized will be determined at later date.
As per OTCMarkets request, the Company has posted an updated OTCQB Certification Report and expects to be relisted on OTCQB within 7 days.
About Integrated Ventures Inc: The Company operates as Technology Holdings Company with focus on cryptocurrency sector. For more information, please visit company's website at www.integratedventuresinc.com.
https://www.integratedventuresinc.com/single-post/2019/01/24/Integrated-Ventures-Provides-A-Corporate-Update-And-Reports-Financial-Results-For-Q1-Of-2019
I didn't catch the note conversion. Is that the only criteria you use on that? 5% or less on the increase in OS?
LJ
Good call, Tank. Number are the numbers nothing more, nothing less....
LJ
Hopefully that's enough to pay for audited 10-K's...
IMO
LJ
Wow Tank. I have to admit that’s a not pretty picture. Lol
LJ
We will have to see what the ta update show us. The jury is still out. You may be correct. Tic toc
Almost 76% was retail volume today. Imo
LJ
https://www.volumebot.com/?s=mlhc
Today, Hightimes Holding Corp., the parent company of High Times, announced its plan to acquire the assets and business of Feria Del Canamo, S.L., doing business as Spannabis—the European Union’s largest Cannabis industry event. Billed as part trade show and part research conference, Spannabis has plans to return to Barcelona for its 16th edition of the celebration this March. The festival, which also includes its own award ceremony crowning the best cannabis and cannabis-related products in the region, attracts tens of thousands of consumers annually from across the globe.
LJ
https://hightimes.com/news/high-times-to-acquire-spannabis-europes-largest-cannabis-event/
Wow look at the Instagram reaction..
LJ
https://www.instagram.com/p/BmGtiM4gkeI/?hl=en
Oh man so true. Good to be on the other side of the street for once!!
Have a great weekend TM.
LJ
Git R Dunnnnnn
Sorry about your car man!!!
But that was Awesome..
LJ
Lets go Levin, Let get this party started !! Pixelmags
Good. Maybe they will dump the rest, right into my wallet. Bring this puppy down. Nothing like a great deal to make a Friday Baby!
LJ
Git R dunnnnnn...
Oh sure that's great for people who hit deer, until you have to return the car!! LMAO
LJ
I only pick on those I care about>> ;)
Nancy Pullen
3rd degree connection3rd
Platform Delivery Manager (Technology, Education) at Cambridge University Press
Cambridge, United Kingdom
PixelMags Inc.
Server Services Manager
Company NamePixelMags Inc.
Dates EmployedApr 2011 – May 2014
Employment Duration3 yrs 2 mos
Responsible for PixelMags’ server development roadmap including planning, scheduling & deployment of all server development projects.
Responsibilities included:
• Requirements gathering, including technical liaison with third party platform providers and suppliers (Google, Amazon, Barnes & Noble)
• Project initiation, including scope & definition of feature set
• Risk analysis, measuring and monitoring
• Feasibility studies
• Setting and monitoring of project milestones
• Stakeholder communication & management (including large UK clients such as Hearst Magazines UK)
https://www.linkedin.com/in/nancypullen/
May be nothing, just something I can across..
lj
We consent to the use, in this Offering Statement on Form 1-A of MOTA Group, Inc;, of our report dated December 28, 2017 on our audits of the consolidated financial statements of MOTA Group, Inc., for the fiscal years ended June 30, 2017 and 2016, and the reference to us under the caption "Financial Statements."
Our report on Trans-High Corporation contains an explanatory paragraph regarding the ability of MOTA Group, Inc., to continue as a going concern.
https://www.sec.gov/Archives/edgar/data/1672750/000114420417065675/tv481430_ex11-1.htm
Connection to Mota Group, Inc
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Michael Pope
Michael Pope
Investor, President at Boxlight (Nasdaq: BOXL), CPA, traveler, chess enthusiast, dim sum epicure, father of 4.
Knows 1 person at Mota Group, Inc
Agreed! Lets go $DCAC 3-4 weeks could be sweet!! IMO
LJ
Well here are the numbers and the dates for the short volume. Explain away!!
LJ
11-13-2018 5 8,778,798 0%
11-07-2018 2,380,000 11,120,445 21.4%
11-02-2018 195,000 2,417,000 8.07%
11-01-2018 570,000 570,000 100%
10-31-2018 3,156,000 3,181,000 99.21%
10-26-2018 1,519,089 6,770,656 22.44%
10-25-2018 350,000 370,062 94.58%
10-19-2018 526,484 526,484 100%
10-18-2018 1,915,000 1,957,857 97.81%
10-17-2018 3,564,215 5,474,722 65.1%
10-16-2018 500,000 500,000 100%
10-15-2018 1,165,000 2,862,202 40.7%
10-12-2018 4,105,000 6,615,416 62.05%
10-11-2018 185,000 1,184,999 15.61%
10-10-2018 1,010,911 4,550,911 22.21%
10-09-2018 4,719,759 4,719,759 100%
10-05-2018 3,000,000 3,310,000 90.63%
10-02-2018 125,000 3,792,477 3.3%
10-01-2018 260,000 1,330,331 19.54%
09-27-2018 6,599,850 10,553,080 62.54%
That is incredible...
LJ
Might have been a little wash trade in there yesterday. Not 100% about it..
LJ
"MMs often borrow shares very briefly". Yes that's my point. Most offend they short and cover it daily, little by little. And Im sure with the stinky pinks with Huge convertible debts coming they are not wanting to cover those open positions at all, if the company rolls over and gets delisted. Make money shorting it daily, and if you know the company is going to delist then never even have to cover some at all. Getting a two for one!!
All Im asking is what does someone do if they have an open short position on a company that is going private?
LJ
Thats NOT what I said. Nice try.
LJ
I understand that not covering a position when a company delisted and has no value but if by going private And still possessing great value may possibly cause an issue.
Lj
Holding a Short Position on a Delisted, Bankrupt Company
Quite simply, if you have an open short position in a company that gets delisted and declares bankruptcy, then you don't have to pay back anyone because the shares are worthless.
I have never shorted shares but im sure there is someone on this board that has experience in that area that could answer my question. Or understands the process enough to help the board out.
LJ
Hey just curious how does somebody cover shares on a company that goes private?? The reason i ask is because someone shorted a crap load before revocation..
LJ
https://www.volumebot.com/?s=spcl
50 day also getting ready to cross the 200. IMO
LJ
Pixel Mags offers complete solutions for magazine publishers. With a click of a mouse and an upload of a PDF, your magazine can reach all of the major newsstands. From Apple, to Google, to Amazon, to Readr, to Readly we offer digital magazine distribution to all of the major newsstands!
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Masha Reznik
3rd degree connection3rd
VP Sales & Marketing at Pixel Mags
Laguna Niguel, California
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PixelMags Inc. California State University-Fullerton
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PixelMags Inc. is one of the world’s fastest growing digital content distribution companies. Placing a focus on transforming the future of digital publishing by changing how publishers distribute interactive branded content.
PixelMags reaches millions of digital readers daily, in multiple languages, and represents such publishers as Hearst UK, Conde Nast UK, Imagine Publishing, Dennis Publishing, Source Interlink, Nextmedia and more. PixelMags is a privately held company with offices located in Los Angeles and London. Follow PixelMags on Facebook (facebook.com/pixelmags) and Twitter (@pixelmags).
LJ
DirectView Holdings
?
@DirectViewInc
Following Following @DirectViewInc
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$DIRV Broward County is updating security cameras in 36 schools. These smart cameras will make use of appearance search and AI to help identify individuals and speed up response times to threats.
https://bit.ly/2AHrfZd
$DIRV Broward County is updating security cameras in 36 schools. These smart cameras will make use of appearance search and AI to help identify individuals and speed up response times to threats.https://t.co/Q3Jf0ePaVe https://t.co/Q3Jf0ePaVe
— DirectView Holdings (@DirectViewInc) January 14, 2019
Maybe a squeeze with the right pressu. Imo
LJ
https://www.volumebot.com/?s=lbrg
That would be a big boost for Arthur. Imo
https://www.volumebot.com/?s=dcac
LJ
You better tell 33 or he would be upset missing a vegas beer run... I agree.03 would be a nice start for $MLHC !!! Imo
LJ
Hope that guy is looking at the right company??? Dang That would be a
git r Dunnn Price!!
LJ
Im all for apple taken us out for a big price tag. Nothing wrong with just getting us out of their way!!
LJ
Wow Talk about some volume... 10-K here we come!!! IMO
LJ
Why would anyone sell so close to the 10-K coming out? That was a planned shake that went totally wrong. IMO
Not selling mine until we are more reflective to the share price this should be.
LJ
Looks like some serious games being played here. Shake Shake Shake'n that tree hard. Too funny.
LJ
Yep looks like it.
https://www.volumebot.com/?s=nsav
LJ
Dreaming for an Apple partnership.... please please please. Pretty please...
LJ
https://www.cnbc.com/2019/01/09/apple-walled-garden-starting-to-show-cracks.html
Good luck with your attorney meeting next week I BLOW!!!!
LJ
Facts with no data or links.. VS Actual facts with links of verifiable information. And nobody on this board is saying anyone should buy a share VS somebody declaring Scam and giving investment advise.. LOL yeah Right!!!
LJ