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Great.. This can explode soon. I wasn't sure - do we keep the trend? But it's done well. Time to hit 20s.
But still expensive pps. Just like the article says.
Reversal. Last 10 days only 2 red. Nice opportunity.
Mj stocks had their rally, they will go back to the old prices. It can take months. Maybe next year there will be another hype. This was not first sector hype anyway.
all of these scam mj stocks are experts in creating new websites.. you sign up to newsletter and get none in months.. cannot buy anything.. oh so many are like that, NIL business.. Q10 full of share plays.. no assets, no cash.. copy paste all the time. changing ticker name and business million times.. it still doesn't give red flag to dreamers..
I told ya 2 months ago we be going to 0005, people were rude, but look where we are.. triple zeroes possible.
I mean stop dreaming guys, are you really ready to lose another 90%? yeah it was an exceptional ride, out of imagination, but its over.
we should return to 002 levels soon. 2.5x gain, not so bad.
Well written.
well pretty sad. plus EOD painted at 0023.
I worry that they will take more desperate actions, if pps doesn't move. it already went down from 0350 to 0005 until april, tripled the number of shares in just one quarter (and we don't know what they are doing now). They opened new business, and made it pop, but not with second leg. Fail for them and for us. BTW During the lifetime of the public company, number of shares were multiplied by >1000 (oh yeah).
if we can believe bitcoins were generated, the numbers don't look good either. if we generate bitcoins in this speed, the cap is still ~20x yearly revs. so we are sitting at a fair price now (assuming operational cost consolidation in future). I was so nice I didn't count the server investmenet and I don't know its financing. In fact these expenses could be more than profits at this time.
to raise pps I see these prerequisites:
- small dilution
- external capital (financing vs dilution balance)
- no weak promos (or only StockMister promo;))), promos usually indicate acquiring volume to dump. 90% of them don't even make intraday gain.. Only some frontloaders (nonpaid!) make a successful pump.
- meaningful 10q to understand what are the assets, what was the financing, what's the cash - hopefully more than 400$ this time. Previous reports didn't make sense and not indicate a business was going on other than stock play and copy paste old reports.
- figures that tell us this business is realistic at least in future (let's use the excuse we are in development stage and we really financed physical assets this quarter and 2015 can be feasible for operating this bitcoin pool)
- optionally new IPO (in fact they should have done this if they are serious, not using china tv + mineral claim + cloud shell). even if they have this for enrichment, they could set up $1 at low float, then dry it down to 0.0001.. look at DOMK, PLWY, URHN, MDIN schemas.. some are fresh, some are hyped several times.. Why new players buy old shells? Cuz they have little buck to pay all the fees:) and no external financing because the business is OTC scam rather than working idea. It's same people as us, with few bucks in bank account and a wish to become rich;)
Next report will give a better picture. Maybe current MELY is real, one of 1% fair OTC companies:)
good.. maybe your trade was the last at 0005 :)
price is too future-looking, and I doubt they can ever earn so much money to justify it. will be a best short play on non-pennies ever.
no doubt. but why it pop up today? my scanner didn't detect promo or news.
Out of 31 past MELY promotions, it closed in green only once. However intra gain was up to 30%, if you mind.
In past they screamed about trillion cloud (where is it? Why they didn't use it for mining?), now they scream about bitcoin. Enjoy the ride.
I want to load this at 100. Still expensive.
Anyone noticed SA pump article. The author didn't mention the ultra extreme dilution factor and many other aspects. It pretends to be neutral, but I feel like it was paid.
DOMK is heading back to 0.002 which is more or less a fair value
I invest in startups that earn money and project profits from the first months long time before they IPO. A transparency reported to shareholders even before any official reports. So where are the numbers from this highly liquid operations here. They could have profits already from first couple of servers. It's absolute bullshit that they have to grow the server family first and then cancel beta stage. You can earn money from 1st server and continue scaling up farm. They changed the business many times as a typical scam, now I have problem to believe the company delivers anything (same in past: nothing, just PR be and changing subject of business every year). I really thought this time they found a way to do something meaningful but this 100-500-1600 PR game is very far from good input for investment.
I'm not done here because these are doubts which can be cleared within couple of weeks. No longer I can be fooled. Q report to come. If not, I unload remaining 20% and see it at 0.0010 or lower. Or opposite, go up to 0.0100 and more if the profits can be as people dream of.
From speculation point of view, it's a nice flipping opportunity and even with dilution done (not so aggressive recently), the PPS holds well. Probably because of strong community here and those magic server estimations which keep people holding.
Time is coming.. Just few weeks.
Have to align dude.. Hyping is one thing, we all do it to help secure success.. But time is money and we need to deliver. That's why I'm more honest now... I'm sure smart people share my doubts.
Cuz they make no profit. It's almost a scam flag here. How can so liquid and online business bring no money for months? I'm afraid we are at the start of big trip. Maybe right after Q results, as some believers want to wait for it. While the other believers are just dreamers, they like the idea, believe it and that's it. I am 80% unloaded, and I will reload at a probability of 20% (the company release anything meaningful and not another server count prediction). So 1:5 for me that this is not a complete by play.
hit 0.41 today!
I was right not to enter this one and guess what, we are at .5 levels easily.
It already did as I reported earlier. And yes, testing is not enough. Time to hit the street with the numbers. Otherwise we are finished here.
Last pop is cracked as all other pops, going down to our support (with a risk of going below 15 if the stock will continue feed us with increasing servers numbers bullshit instead of financial data).
this piece of sheet is back to 12.. I was waiting for this number to send my message to all bagholders in this dream stock.
SA blog article written at the same time as pump newsletters. coincidence?
why is this valuated under 1$?
One month to q report. Last time no of shares raised from 900.000.000 to 2.500.000, lets see how it did in this quarter. And if there are any operating profits. Raising targets (100 servers, 500, 1800) is not enough. That's PR.
Ready to collapse completely
The company is finished. No PRs anymore, just run away.
No. I think others do. Now I'm curious what will be the new low.
Hmm small ask on 0.000x levels.. Can explode
Another flip time for MELY. Enjoy.
Mining supposed to make money.
Smart words indeed. I was supporting VAPE loud until dilluter returned and cashed out my +250%. And yes I will reenter later. Holding through trips is really a waste of money. Thanks.
Well to be honest the stock was driven by enthusiasm. That's why it didn't collapse. But lower volume and less people involved on board means possible downside. Also stock didn't react to recent couple of news. So.. It seems that owners worry they cannot push the pps higher so they start diluting soon. And yes they are reading the board, since the enthusiast hub is here. What is also completely missing is revenues. Cannot keep stock in dream area forever, you need to bring numbers. Than we will see if it's just a dream stock or also a cash machine. I will reenter on a combination of news and dillutors activity.
Maybe they are reading the posts here. ?
Well, in each case, you know what is the direction ? will reenter later.
This could go well but it's diluted again so I unloaded days ago.. Waiting to reenter once they suck enough money from shareholders
Being diluted so I unloaded
bagholding for real
slapping 1.3x should be a matter of few orders.