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Blockchain will be the savior for electronic voting. Recent election meddling has brought to the surface the risk that electronic voting with no paper to back it up is susceptible to fraud. Some states use paper ballots to input to electronic tally, but some use electronic only.
The paper punch cards provide an audit trail if there is a need to go back and verify, but it is labor intensive and still subject to human error or fraud.
Blockchain can be the “paper trail” that would support fully electronic voting. GLTA!!
This has not moved as expected, but the dilution seems to have ended so maybe some hope. GLTY
Book value vs market value. If the market value (pps x OS) is higher than the book value, in this case the current value of the funds holding of bitcoin, investors are bullish. You are buying at a premium today betting that the cache of bitcoin will increase in value.
The daily premium is set by the market, not the fund. Buyers buying on speculation that BTC increases in value and sellers betting it will drop. Calculate your investment on fund coin count x price of BTC today / your ave pps to see what your actual premium is. Mine is at 342% based on my entry point last year.
You are predicting a 30% gain? (Minus -30) Hope you are right!
Still painful. OS went from 45 m to 200 m
It is totally in the hands of management. They can stop diluting now and let this trade, or they can keep selling shares into the market till they kill the value. If they are selling shares to raise capital, then PR this acquisition and add some value to the company.
Got it!
Puts us at a bit of a disadvantage.
My E Trade has not updated yet, anyone else on E Trade seeing new info?
Prospectus lists this as a managed fund. If they are actively trading bitcoin these dips are buying opportunities and are benificial to the fund.
Hold em tight!
Same here. Missed the .08s, but got in at .11 today. Low float in a white hot sector makes me feel pretty good about this one.
I made 4 Brazillion dollars an hour working at a Burger King in Rio
You will be missed.
You are correct that works well for a couple of trades, but if you don’t have a large cash reserve to cover your day trades you are sidelined till funds clear. Little guy ( or gal) is boxed out from making some profit on the short term. I am holding long here Btw, just blowing off steam.
E*TRADE lets me buy in real time, but sales take three days to clear and re- load into account. Makes day trading in large volume tough. Am I missing a loophole here?
Robo-trading for fractional pennies. The MMs are making a few bucks each trade, hundreds of times per day. Retail traders can’t play that game because your funds are tied up till they clear. No level playing field here!
The ask keeps dropping below the bid on L2.....still manipulating. Hope they keep losing shares to longs.
Somebody wrote off their shares with their broker so they could record the loss this tax year. Since the stock is still trading, you can’t claim zero value and write it off, so your broker can buy your shares for 1 cent and you take the loss.
What is the downside for shareholders if the “Black Knight” wins? My guess would be a delay or cancellation of the RM.
It seems to me that for the “White Knight” to win the company would need to use available cash to purchase shares to reach and maintain >50% of OS. This means dilution in the short term, with the company competing to purchase these shares on the retail market. As long as they can afford to issue and purchase new shares, the PPS remains stagnant and shareholders see no gains. Shareholders are stuck in limbo until the RM, then the price resets. If that’s the case, the sooner the RM is in ink the better.
Scenario #3: BCG is the “Black Knight”! Mind blown!
Thanks for the update!
GLTA
Putting your shares in a sell order should be just as effective, and it doesn’t cost you anything. I believe my brokerage charges about $75 per request for certificates. Also, by placing them in a sell order instead of requesting certs, you can still make a quick change to your order if needed.
I’m at $4.00
All longs should place their shares on a sixty day sell order for a high ask amount to prevent shorters from borrowing them. Make it difficult to manipulate.
What is the Fact column tracking?
For me, It’s a waiting game at his point. Wish I would have held some cash back to buy these dips, but I hit my budget cap last week!
It’s not the typical day traders and flippers, retail traders funds don’t clear fast enough to maintain this king of volume, and the L2 just doesn’t look like a retail trade L2 would look. Something big here IMHO.
Most negative posters are trying to create panic, for who knows what reason. It’s like going to a concert to boo at the band!
Millions of $$$ changing hands to walk this down. Could be MMs games, short covers and or dilution, but it’s definately leading up to something spectacular.
LOL! I guess not!
You don’t get scammed on a .0001 empty shell! You had to know this is a long shot.
L2 is like watching a tennis match! Shares going back and forth between MMS, trying to keep the price below .14. Hopefully retail investors are grabbing some of these.
L2 is looking real thin.
Agree. I'm guessing some of those shares went retail with no restrictions so float will be a little higher. Maybe less than 150mil?
Most current info on float listed as 89m with OS 93m. Any thoughts on current float, at least until restricted shares hit the market?
Buckle up folks!
Are they trading OTC after hours again?
His friends are Macdonalds Managers. That's why he doesn't post during the lunch rush. I'll have a McRib when you have a chance.
Short squeeze has begun!