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Very light volume here again today, with just 13,200 shares traded vs. recent 10-day avg. daily volume of 109,800 shares. Now that the share price has stabilized and bounced back would like to see what kind of upward surge we might see on a day with heavy volume. We should be poised for positive news on multiple fronts in the upcoming weeks.
I just thought I would throw in the more positive one. The range of projected per-share loss for AMC on TDA was -.592 - -.01. There will be more reports as we get closer to Nov. 8
AMC has to reduce its debt substantially before you will see positive earnings, IMO. Technically, due to one-time non-recurring items, AMC reported a small gain last quarter, but when the 1-time special non-recurring items were excluded, it was still a significant loss for AMC operationally. The issue is valuation and AMC was hugely overvalued for a long time, and arguably still is. Until AMC is able to substantially reduce its debt load, and the resulting negative cash flow required to service the monthly interest payments on the debt, it is going to remain a tough slog for AMC.
TD Ameritrade lists the consensus estimate for AMC's upcoming 3d quarter earnings on 11/8 being a loss of -.272 per share, with the range of estimates going as high as -.529 per share. But their consensus estimate is much better than the -.43/share in your posted article.
I only hold LP's and MLP's in tax deferred retirement accounts.
Ouch! Director Cheng bought shares way back in early September at $17.78, and only 6,000 shares, but he is down huge on those shares acquired at that price. And the shares Cheng Bought back in September are not nearly as many shares as were sold by Inside executives in October in the mid-$15's, which were smart sales. In October thus far there has been nothing but insider sales of GameTurd (GME) shares by multiple inside executives.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173078917
LMFAO! Total bullshit! A review of all GME SEC filings, in particular Form 4's, filed in October reveals only share sales by GME insiders in October and no insider buys. Mark H. Robinson, Gen. Counsel and Corporate Secretary for GME sold a total of 16,186 shares of GME on 10/2/2023 and 10/12/2023 at share prices ranging from $15.41 -$15.48. Daniel Wm. Moore, Principal Financial and Accounting Officer for GME also sold shares in October for $15.41. Both appear to be very wise decisions as of today, with GME trading approximately $2 below where each of the GME executives sold shares in October. SMFH
It was clear that someone or ones were selling of late as the price was dropping. Today there were significant moves up early on light volume which would not have happened if there was any serious selling to speak of.
Volume actually picked up smartly after my earlier post. In the last 2 hours and 15 minutes of trading today, NB went from 1/3 of recent normal daily volume to 8K shares more than recent avg. daily volume, going over 100,000 shares today, which ends up as "average" volume for the day.
Agree. The move should be even better then. It is also nice to see the spreads narrow today to a penny or a few cents, rather than those 8-10% spreads we have been seeing at times recently between the Bid and Ask.
Just nice to see the share price recovering, and a sign that whoever was selling is done. We have a long way to go to get back up to the .70 - .73 (now $7.00 - $7.30) range where NB was trading before the merger and RS, but I will take it.
Today's strong move up +.33 (+8.85%) in the US has once again come on very light volume, which thus far today represents only about 1/3 of NB's recent Avg. daily volume. That may be an indication that whoever was selling finished selling. Time will tell.
Thanks for posting, Richard. All mornings are better with some Chico on Niocorp (NB)
LOL! He is a pathetic disgrace!
LMAO! What a bunch of total Bullshit. This Biggums character is nothing short of delusional. And, calling his nonsensical diatribe a sermon? SMFH
Great Video and presentation! Spot on! Exposes HyTurd (HYMC) for the bogus fake company it is.
NB is +4.4 % today on very light volume of only around 30% of recent avg. daily volume.
Sheeeeeesh!! Talk about trying to deflect the truth and truthful posting. There are no AI Bots posting here on the AMC Board. That is Bullshit nonsense. Like an AI bot registered for IHUB as me 15 years ago and moderates 10 boards? Some of us are here commenting on AMC because of the novelty and curiosity of the Meme Stock movement, and once we checked it out, the APE Cult and Meme Stock Clowns' continuous Fantasies, Fairy Tales, bogus conspiracy theories, and Bullshit have just kept coming for going on 3 years now. This is an open forum, and everyone is welcome to weigh in. Sadly, anyone posting factually and objectively here was recently labeled as a "shill", or more accurately mis-labeled, and now anyone posting factually. and objectively is now somehow just an AI Bot? APES and Meme Stock Clowns must be getting really nervous now, what with all of the meme stocks having crashed to just a very small percentage of where they traded 2+ years ago during the early days of the meme stock movement when meme stock tickers, e.g. AMC and GME were manipulated up to ridiculous share prices, or in the case of BBBYQ have gone bankrupt with all shares cancelled and extinguished, SMFH
P.S. If anyone was going to go to the trouble of hooking an AI Bot into IHUB, which one can't because of the verification process, they would buy a premium subscription and really run the thing, not a Free membership with lmited privileges and posts.
AXP (major BRK holding) released positive earnings this am topping estimates, but the shares are down and tracking for lowest close since November of 22'. Makes no sense at all, other than a bad day in the market. CFRA (S&P global) maintained its strong buy rating but dropped its Target Price for AXP by $30 to $205, which is still 40% above current share price. Hmmmmm......
AXP released positive earnings this am topping estimates, but the shares are down and tracking for lowest close since November of 22'. Makes no sense at all, other than a bad day in the market. CFRA (S&P global) maintained its strong buy rating but dropped its Target Price for AXP by $30 to $205, which is still 40% above current share price. Hmmmmm......
Mawson Infrastructure Group Inc. Executes Customer Co-Location Agreement
8:55 am ET October 19, 2023 (Dow Jones)
Mawson Infrastructure Group Inc. Executes Customer Co-Location Agreement
Customer Agreement for about 15,876 Bitmain Antminer S19 XP
Co-location Miners and approximately 50 MW of Power
With Self-mining and Co-location platforms combined, Mawson's facilities are expected to have total capacity of about 109MW and 35,480 miners. Hashing capacity of approximately 3.7 EH/s(1) .
SHARON, Pa., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson" or the "Company"), a digital infrastructure company, is pleased to announce that a customer co-location agreement has been signed between a wholly-owned subsidiary of Mawson and a wholly-owned subsidiary of Consensus Technology Group LLC ("Consensus") for Mawson to provide Consensus with co-location services for approximately 15,876 Bitmain Antminer S19 XP miners or approximately 50 MW at Mawson's Midland, Pennsylvania facilities.
The customer co-location agreement executed between Mawson's CEO and Consensus' CEO on October 12, 2023 includes Consensus providing approximately 15,876 Bitmain Antminer S19 XP mining machines capable of hashing at about 141 EH/s, while Mawson will pass through the power costs to the customer along with co-location service fees per MWh, as well as other fees and charges. The agreement provides for Mawson to provide co-location services to Consensus for 12 months and the parties can extend further upon mutual agreement. With the addition of this co-location customer, Mawson anticipates its Midland facilities operating at a capacity of 100 MW and the combined self-mining and co-location fleets at its Midland facilities are expected to comprise of approximately 32,930 miners.
Rahul Mewawalla, Mawson's CEO and President, commented, "I am thankful and appreciative of the multiple parties expressing interest in utilizing Mawson's co-location infrastructure and services. We are excited to welcome our newest co-location customer and to drive the growth of our co-location business in addition to our self-mining and energy management program businesses. We believe the combination of the Bitmain Antminer S19 XP miners co-located with our infrastructure services builds upon our established co-location platforms and provides for a mutually beneficial commercial relationship."
In addition to its facilities at Midland, Mawson has a site located in Bellefonte, Pennsylvania, which is used entirely for self-mining purposes. As of the end of September 2023, the Bellefonte facility was operating at approximately 8.8 MW of capacity with approximately 2,545 self-miners hashing. With self-mining and co-location platforms combined, Mawson's facilities are expected to have a total capacity of about 109 MW and about 35,480 miners along with a total hashing capacity of approximately 3.7 EH/s.
Mr. Mewawalla, added "We believe this new customer agreement and our discussions with multiple parties reflect the industry's and ecosystem's confidence in Mawson's platforms. The execution of this new customer agreement is another major accomplishment for the Company and our stakeholders."
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure company. Mawson's vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson aligns digital infrastructure, sustainable energy, and next-generation fixed and mobile data center solutions, enabling efficient Bitcoin production and on-demand deployment of digital infrastructure assets. Mawson Infrastructure Group is emerging as a global leader in ESG focused digital infrastructure and Bitcoin mining.
For more information, visit: https://mawsoninc.com/
Great news! And, I believe this will be an all-time high distribution for us, slightly higher than the current 8.84% distribution. ET has been a great investment for many, including those of us that took all of our distributions during the recent down years in automatically reinvested new shares.
ROTFLMFAO! Talk about delusional! SMFH
Sheeeeeeesh!! Shill for whom? So funny that anyone who posts factually and objectively here on the AMC board is labeled a shill. I guess lots of posters with free accounts who post less than 10 posts a day on days when they actually post are all shills. Just stated facts. SMFH
LMAOI! What volume? AMC had very light volume today of around 10 Million shares less than recent average daily volume.
LOL! It is nothing short of sad and pathetic that some believe that BBBYQ shares still actually exist. But, no one has ever accused the APE Cult and Meme Stock clowns of being knowledgeable or intelligent investors.
Actually, new 30+ month lows for GameTurd (GME) today
Prospects for GME could not be any more bleak or dark. This just out:
Ouch! GME hitting multiple new lows this am. That likely explains it.
Great post. thanks Chico.
Bingo! As I stated yesterday, there is an entire cottage industry of plaintiff side small law firms that look for publicly traded companies whose shares have fallen, and they then put out a PR stating they are researching or exploring a potential class action lawsuit against the company to try to get a shareholder or 2 to bite and become the named lead plaintiff. The legal actions typically never go anywhere, and in the vast majority of instances no legal action is ever actually filed. Can't believe anyone here on the Board would actually have contacted the firm.
Hopefully WBA maintains the dividend at this level going forward. They will not want to give up that Dividend Aristocrat status, and WBA should pick up market share with RAD filing for Chapter 11 bankruptcy yesterday and announcing that it will be closing a bunch more stores.
LOL! There is an entire cottage industry of plaintiff side small law firms that look for publicly traded companies whose shares have fallen, and they then put out a PR stating they are researching or exploring a potential class action lawsuit against the company to try to get a shareholder or 2 to bite and become the named lead plaintiff. The legal actions typically never go anywhere, and in most instances no legal action is ever actually filed.
Not surprising. Most experienced investors have obviously come to the realization that shorting of AMC shares is not significant at this time, and that the chances of any kind of short squeeze are Nil at this point. As reported here on the Board earlier this am, there are plenty of shares available to short, and the borrowing rate is just 8/10's of 1 percent (.8%), a strong indication that there is no longer significant short interest in AMC shares.
The change from BDO for audit and CPA services is a nothing burger. And everyone needs to remember that BDO is not a large world-wide CPA firm. It is an international alliance made up of numerous smaller independently owned CPA firms which all operate under their own independent names and operating structure, with the connection to, and affiliation with, the international BDO Alliance. For example, if you pull it up, there are several BDO affiliated independent CPA firms along the Norther Colorado Front Range where NB's corporate headquarters is located in Colorado. We work with a BDO affiliated firm, and I am aware of several other independently owned and operated CPA firms affiliated with the BDO Alliance, and they all have something similar/identical to the following on their website, which I have copied directly from a BDO affiliated independent firm which operates under its own independent name:
Thankis Richard. Very positive and a very positive response from the company (Jim Sims).
That is all true, but for some reason the market has MIGI priced for total failure. It is trading near the 5-year low, and at just around .10 on a pre-Reverse Split adjusted basis. Hard to understand. A quick look at the 3- and 5-year charts shows how ridiculously low this ticker is priced right now compared to its trading history. Should surge up big at some point.
The idiots now have a new bankruptcy to chase and. lose more $$$$$. RiteAid (RAD) filed yesterday. No surprise there. RAD has struggled ever since the FTC blocked its sale wot Walgreens (WBA). But RAD was able to block all of the Opioid lawsuits with its Chapter 11 filing. Similar situation to BBBYQ, so don't expect RAD shareholders to come out of this with anything given the dire situation.
I do not believe that is the case, Scooter. Remember that I posed this question to the company earlier this year:
Great article. Thanks for sharing Richard.