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Moderator, please remove the WARNING sticky from rottw.
I think most of us here feel that is premature.
Thanks
Have you read this board for the last week? The bashing has been pretty much non stop, and they own the stock!
It all comes down to equipment and outlook going forward.
$MELY
Let us not forget many on this board just last week before the R/S announcement felt MELY would be .005-.01 by the end of summer or year end at the worst. That was based on 1+PHs to start and 5-7 PHs more added during year. I fully agreed! Again look at our competitor, BTC_S.
Let me ask everyone this...What is the difference if you have less shares at a higher price? NONE! But now, we will have a more attractive share structure and price. The only people I think continuing to complain are the tick flippers. Sorry! Grow some balls, hold your stock and make some real money, IMO.
If we get news before the R/S we could get rid of the weak hands and take MELY to .0005 or more. A R/S from there and we have a .50 starting point. Guys these market makers are not stupid, if we ARE different than 95% of the other pinks, with our growing cash flow, with good news PRs and good outlook and moving up to the next tier, they are not going to short our stock. I am sure they have to "mark to market" their short positions at the end of the year. They will pick on the other 95% of stinky pinkies, that have no good news, no product and no growth outlook.
Remember, we thought we had a .005+ pre split which is a $5+ post split stock, which can be bought by any mutual fund. I would think most growth funds will want to own the largest BTC miner. The .01, some were calling for is a $10 stock.
Sure it will take some more dilution in addition to internal profits to grow, but that is acceptable by all of wall street.
All of this is said on the assumption MELY exists, (it does), that 1 PHs is on the way soon and 7-8 by year end. Guys, nothing has really changed, other than for what could be for the better. Time will tell here. I am no way selling, even with a pop before the R/S. There will be no pop without news, but if there is, let the tick flippers out and regret it later. For the rest, make some real money, take down the asks, let it run, make the whales pay up.
On the divi, I hope we do get the 100,000 shares, not 100. If we do get the 100,000 there is going to be a lot of dilution next year, like at least 10-15 times more O/S. Hey, if the company is very successful, and growing who knows the impact on PPS.
Good luck to all shareholders here. This R/S does NOT mean the end of the world.
$MELY
90 west, you don't understand public companies and their attorneys, they always error on the conservative side. It is easier to tell CEOs to go dark than get in trouble. GLTA.
$UNGS
Sorry, thought once a doctor always a doctor, like once a marine always a marine.
$UNGS
All in good jest, but doctors are not noted for good bed side manners, so cut Dr. Anderson a little slack on stock holder communications, he will hopefully get better, it sounds like he has a big personal stake in UNGS too. Always good.
$UNGS
Lets realize attorneys control a lot of what is said by, good CEO's that want to do it right.
We have waited this long, what is a couple more weeks. No PR, no filings, we go after him, but he doesn't have to have any thing out yet, we just want it, but if he has a deal in the making he can't say anything that would satisfy most Ihub posters. Yes, we are still in business would be a start.
I will admit I am worried, but it is not over yet.
Links, I have a lot of respect for you, please don't let emotions play in this. GLTA
$UNGS
Please post the blatant lies. Not a re-write.
The new A/S will tell us managements true intent. But remember companies raise capital to grow by issuing stock. I DON'T want a A/S, with the O/S maxed out. It just has to be reasonable number and be transparent as to their intensions.
I hope management reads these posts, many good posts here, and that they do what is right for common shareholders. I they screw us over in the next 6 months, BTC Pool Party miners will question the integrity of MELY, IMO. GLTA.
$MELY
Are you serious? If you bot this for a 100,000 share dividend that would not be subject to the R/S, think about this.
If 3,500,000,000 shares got the dividend, that is 700 preferred shares, 70,000,000 common shares to be converted. A freaking 10 times the post split common of 6,500,000-7,500,000 shares. Do you have a clue what that would do to the share price. If I bot after the split, missed that dividend and got whacked for a 10X dilution for your 2% dividend, I would be really POd and would have an open and shut court case. The market would see this and we would be dead before we got a chance to run.
If management did not R/S the divi too, no one would buy into that guaranteed dilution next February. Most important the dividend dilution is of NO cash benefit to the growth of MELY. Yes there will be some more dilution BY MELY to grow the company, no one should have a problem with that. If what you wish was legal, I don't know if it is or not, every stinky pinky would do it. A little common scents here. Just hope we get the PRs to back up this split, we will be fine, IMO.
I did not buy this for the dividend hoping for a big R/S, it can't be that simple or every pinky would issue divi's that don't R/S split.
If we DO NOT get PRs with who is running MELY, forward looking outlook on the number of servers mining in a said timeframe, how much dilution required to achieve future growth, revenue projections, projected earnings, and such, then we are in trouble.
IF we DO get the PRs, then we will be fine, IMO. Right now it does not matter if BTC prices are down, some big, smart money is putting big money into BTC on the assumption BTC prices move up. "Follow the money".
If we don't bash our own stock to death, and this is a viable company we will come out fine, IMO. Go back to my post on what our competitor is valued at, and please be patient. It all hinges upon that the business does exist, we have at least 1 PH/s coming shortly and more to follow. If all of this is a lie, no machines, no real business, we are then caught in another pinky scam. Until it is VERY clear that is the case, I am more worried about the bashers than MELY. This R/S could be the best news for MELY, lets see what the follow up news says. GLTA.
$MELY
Compare MELY to our competitor again, BTC_S.
BTC_S
153,000,000 O/S
Less than 1PH/s of machines on ORDER, not installed yet.
$20 million market cap.
Stock .11 cents, THATS ELEVEN CENTS, sorry I can't type in crayon.
Give this R/S BS a rest! Not EVERY R/S pinky ends bad, and you know it!
MELY will have 7,500,000 O/S
MELY will have 1PH/s+ soon
MELY Valuation ?
Yes, more dilution to follow, but if it goes into machines and growth no problem. You don't have to dilute nearly as much at .10+
True, Brett doesn't appear to know how to manage a company. But it looks like James Powell is probably deciding what is best for MELY. A R/S is a good thing, IF WE GET GOOD PRs and the machines installed soon the stock will be fine. Yes, you one or two tick flippers are pissed but I bot MELY for a BTC play, not a flip. A .10 cent stock with good PR is much better looking to whales and institutions than a trips. Some good PR before the split would give us a better post split price. GLTA.
$MELY
You seem to be assuming no machines are coming, and never will be.
Give it a rest, We actually have a company with huge upside, not your typical pinky stock. We get news we go up, IMO. We will get more credibility and eyes on the stock.
If we don't get news, and have machines installed soon...someone is going to jail, I don't think Powell jumped into MELY to get fitted with an orange jumpsuit!
I see this R/S as a positive move. Machines are close to being installed. Give it a chance.
$MELY
Most all of the other pink sheets don't have a viable business and revenues. If we get the machines in place we should be fine, IMO.
Other pinky players are always looking for a MELY stock play. Time will tell. GLTA.
$MELY
When they flip the switch on 1PH/s, you don't think this stock is going to move?
$MELY
$MELY, yes servers/Huge bid!, IMO
They ordered machines, "or not at all" is a figure of speech.
Agreed! So why are some wishing for a buyout? I bot MELY for a home run in the BTC sector not for a single hit flip.
Follow the smart money, IMO. GLTA.
$$MELY
Did they say what model? Please ask.
$MELY
No way, please don't try to start a rumor, just one more setup for disappointment. Let this play out over the next 3-4 weeks, I think we will be happy, IMO.
$MELY
Delays, not meeting the original schedule. I hope that I because we upgraded to a number of SP31s in addition to the SP20s we are testing now as well as the management changes. Time will tell.
If our competitor starts having delays, my guess their share price will drop too.
Sorry to differ, but it comes down to my market capitalization point. MELY $750,000 vs BTC* $20,000,000. Does not matter how many shares we have O/S, we could R/S down to the same as BTC* and would still be ridiculously low market cap compared to theirs, IMO. They have less than 1 PH/s "on the way", not installed yet either. We have 1+ PH/s on the way and being installed now, IMO.
If management does not drop the ball here, we could have a big winner with MELY, IMO. I can't play with the big boys on WS, so I placed my 55 Million share bet with MELY and I will be patient. GLTA.
$MELY
On base P44! I have said it many times that a R/S is only bad with failing, no product, no vision companies run by scammers that want their own ATM machine, rinse and repeat. I don't think that is the case with MELY. The debt, and share structure is not an issue IF management can follow thru with their plan. Huge cash flow potential here and valuation. Sure there will be some more dilution, but at a much slower rate because of cash flow when we are running 1-2 PH/s of mining. Once we get over the hump, we can grow from cash flow and if needed, non dilutive debt.
Look at the valuation of BTC_S, a 20 million $$ market cap with less than 1 PH/s of capacity being installed in the next month.
MELY won't have to dilute much more to raise capital to grow, IMO. I have no problem with dilution, IF IT IS USED FOR THE COMPANY GROWTH in BTC, not getting into some other business. If management is honest with us in their PRs and intensions with near term further dilution and the growth outlook, and if they can wait until after our 1-2 PHs is up and running, they will dilute at a much higher stock price level, and it will not hurt our stock price IF they are transparent, all IMO. MELY has a vision, it's crunch time, be patient for a while here.
Big money, VC's, Wall Street, smarter money than me, is flowing into the BTC sector. An old WS saying, "follow the money", and be patient. GLTA
$$$MELY
Another point of view.
This is a very hot sector and very crowded with competitors and wanabe competitors. Quite frankly, he may be keeping silent because of deal making, why would he want to tip his hand to pacify a few impatient investors with press releases. Yes, it would be nice to hear we are still in business. The talent on this board would put 2 and 2 together and then every wanabe competitor is onto our strategy or target. Just something to think about. This board starts a feeding frenzy bash with the blink of the eye, please give it a chance to run, we are still in the season.
We may be getting scammed here, but what is another 30 days, IMO.
There may be more to it than that.
I could stand corrected, but when I had my investment office, my wife worked 8-10 hr. a week on books and billing. My CPA would not let me over pay her so we could do a bigger pension contribution. SHE HAD TO EARN HER SALARY. See where I am going here...I doubt Judy can prove she "earned" $100,000 a year salary. Maybe you can pay a B.O.D. any amount, without work, but if she is paid salary...don't know for sure. Some other opinions here?
They got Capone thru the IRS. The IRS may be just as interested in the Andersons as the SEC.
Either way, I own 33 million shares, and I don't like the tone on this board at this point in time. Wayne still has time to report and if there is something brewing with vending machines or what ever let it play out and not shoot ourselves in the foot, please. So lets give it until March 1st to start getting nasty.
There has been great DD here, lets hope it is happening. GLTA
$UNGS
Good post TC92. Emotional investors typically loose money and the opportunity to catch a "once in a blue moon" winner. Just my humble educated opinion, but generally true. Do we have a OIABM winner? I think so, a little more time will tell. GLTA here.
$MELY
A different view on lack of PRs.
Personally, if I was a CEO of a company in a hot sector, with existing competition and wanabe competitors, I don't think I would be alerting my competitors on my every move during a big changeover like this. I think I would play it close to the vest.
I think we are getting close here, we are an SEC reporting company, sure he can get an extension, but it is not much longer to wait, when 10Q, PRs too, IMO.
Look at the market value of BTC*, $20 million, with less than 1PH/s mining capacity when they get the new spondoolies in. I think MELY will be worth the wait, IMO! GLTA
Go $MELY
Please chill here folks, he doesn't have to have fins out for a couple more weeks.
The Good DD done on this board earlier stills makes me want to give him the benefit of the doubt for a few more weeks. You all want to close this down now when some financials and some good PR releases and we may have a decent run. You could sell at first bid or let it run, but if you end it now, prematurely, we all are bag holders for sure. Why not wait a few weeks, it can't get any worse.
I did a quick looksee at BTC_S.
About 153+ million shares issued.
Closed today at .159
Market value $24 MILLION
Press release today on additional Spondoolies to be installed in 2-4 weeks bringing them up to just under 900TH/s capacity, less than 1PH/s!
Some one on this board with more smarts that me, please take an hour and look at BTC_S and correct me if needed. Also a quick perusal of the BTC_S board, seems to have a lot of bashers too, but up .05 today.
Point, we have a valuation of $750,000, with 1PH/s to come on line soon, one more PH/s to follow shortly after. If MELY is legit, we have great upside potential, I think we will be fine even IF we have a R/S. We just good news. GLTA.
$MELY
Am I missing something, I don't see that they bought MELY.
I saw that, good email.
Go $MELY
Sorry OIA, not aimed at you, you had a polite, pointed, viable email to management. All points justified. I also have a big position at 55 million, fortunately bot at .0001. I am concerned with some on this board that let emotions prevail, our CEO obviously has a short fuse, but no need to strike a match as some here would.
Frustrated too and waiting. If we get good news and a good solid growth outlook going forward, even a R/S followed with GOOD news, we should be OK after a few flippers exit. News and outlook will make or break MELY in my opinion, not a R/S. We all know 95% of pinky stocks don't really have much or any of a product or business and a R/S is just their way to stay afloat and collect their overpaid salaries. We appear to have a REAL business in a great sector, a R/S for MELY should not be a death blow, IF we get news.
We need machines mining, that equals cash flow, that leads to more machines...
MELY is in the right sector, a lot of smart, big money is flowing into BTC...follow the money. Lets hope management does not miss the boat, and this one COULD be a speed boat, IMO. GLTA
$MELY
Let's all chill, we are only half way thru reporting season, we should not have to wait much longer, IMO. IF there is something big in the works he can't say anything until ready.
Lets hope he understands the potential he has in front of him in the business or the problems, if he is scamming us.
$UNGS
Be polite, if you want answers.
Great! Let them do the research, they will find an SEC reporting, transparent, audited mining, Phs crunching money maker.
A lot of investors, not many good plays to choose from, spells make some coin! Pun intended. GLTA, be patient, when news hits let it run.
$MELY
I would think it might be good, you don't bring a company up to SEC reporting status just for the fun of it, IMO
$TNEN
I am tied up now, waiting for something else to move, then I would be the buyer!
GLTA
$$$MELY
Please post responsibly! That is YOUR opinion, not backed by any fact...period!
Sorry, brain f_rt
16.6B on bid 797B ask
They don't have to do a R/S from .0001, also you don't know if all 7.5B are now O/S.
Read my post from a few minutes ago. GLTA
$MELY