It is about time ERHE comes back to life.
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Agoura Guy it looks like you are wrong again.
It's those darned earning reports that keep killing your shorting strategy.
If I listen to some of those back then and now, I am still waiting for the bottom to fall out. LOL
Wow, META looking pretty good AH.
And now it just went through your clonk line with even higher volume. I have not checked the news so I don't know what is triggering this uptick but it looks like it has steam.
That is a substantial volume spike. Do you know what is behind it? News?
I see MARA is up 2.5% today. How is Steve's plan looking today. Oh, down 15% after all that red the past few days. Looks like the RS has more of an effect than the crypto market.
Never should have RS'd this.
Scotttrader80, what defies logic is why Steve did the RS in the first place. There were plenty of issuable shares available for him to dilute with for either more equipment or his M&A type ideas. A RS is a kiss of death on the OTC. He should have known this.
Realistically, if Steve really insisted on a RS with a company like INTV, there are only two potential non-fatal times to attempt this.
1) Right after announcing a substantial increase in value of the company (such as with his M&A idea, an actual deal). This provides the justifiable reason for the RS and would lesson the dump effect.
2) During the hyper increase in shareprice of BTC between the next halving (Apr-May 2024) and 6 months after. This will likely create a new ATH for BTC. Again, INTV should be benefiting from a ramp up in BTC price. However, by doing the RS at this time, he has killed his investor base.
Truly defies logic. He is either getting bad advice or he is scamming from investors.
I was hoping Steve was an upstanding business man but I stand corrected. He RS this and crushed any possible momentum. Granted, he did warn. He also said he needed to RS to raise cash for more machines and/or M&A. Which means, he is about to dilute in a recession market. Sorry, but this will not be good for any current shareholders. Steve will issue himself a ton of new stock at similar prices to what the venture capitalists get out of him. That will likely be around .10 on the $ where ever this stock price settles. Those doing math on the "current" share structure will be rudely awakened when the next shoe drops.
I will continue to watch but I have mentally written this one off. Much more invested in RIOT and MARA (and several others).
Keep diversified.
wow. If this was hovering around .03 presplit and today it already traded less than $1. That's a 60% haircut during the first full day of trading.
Unfortunately, it still has a ways to go down before finding a bottom. Literally, it will likely trend down for the next month or two directly after a reverse split.
A reverse split is proving to be the kiss of death of another OTC stock. So much for the uplisting argument.
Sounds like user error to me. Been on Coinbase for years and have never lost a transaction.
You do need to be careful and closely guard your access data.
Very unfortunate move.
I now predict a price under $1 within 3 months. I don't wish for this to happen but I am very confident it will get there. I am not a trader or a shorter so I will not profit from this move. I will move on with better run mining operations that don't abuse the shareholder base.
Good luck to those who continue to hold but tread lightly.
dshade, the fact that the bitcoin lightning network is 1,000 time cheaper than that of MasterCard or Visa payment processors is precisely why crypto currencies will NEVER go away. Yes, it is still to volatile to completely replace the finance network right now but this volatility will diminish over time.
All the nay sayers that constantly say what "value" does bitcoin, simply doesn't understand the technology that will be replacing the finance system as we see it today.
Thanks for the good info post.
I disagree that it is all by design. Steve is alienating long term investors like myself. I am heavily investing in other mining stock with NO new money going to INTV. It is purely Steve's fault and by jacking shareholders, he will be losing his future ability to use INTV assets to properly raise future funding. It is absolutely cutting one's own nose off.
I will check back in to see how this plays out but it will take a lot to get me back to invest more.
wow, this is now dropping below .0001. Last time this happened, frankie sold billions at .000001. Yes, that is 5 zeros before the 1.
Good luck for those of you who choose to ride this out.
Actually, the major automotive companies are finally opening their eyes and to avoid bankruptcy, they are all delivering their own versions of EV's. It takes time but at least all these companies are moving in the right direction.
Congrats to Tesla for showing the way.
That is as far as I got too on Facebook. I am stumped as to this other "group" discussion. Better hints are welcome.........
LOL. Thanks... thats what I asked for. Nicely done.
Hey Nowwhat2, can you move your magnet closer to the line around $68k? lol.
Ok, the 200 share transaction at .0006 was unimpressive and the type of transaction that seems to go on here and there. However, who and how picked up 5.9 million shares? That seems like an intentional purchase by someone and it can't happen in the US due to the grey sheets issue. Admittedly, 5.9 million shares at .0005 is only about $3k in dollars but it is still not easy to do with the current status of ERHE. Maybe this is a sign of something about to happen????
It sure would be great if ERHE would start working on getting current in the filings and get off the grey sheets for US shareholders. Hopefully, the gag order will provide some way for ERHE to start reporting again soon.
I guess all of this is a moot point if a buyout offer is extended while on the grey's and they wouldn't ever need to get current again.
Yes, the one with the red arrows heading down is the one I remembered.
Glad it didn't clonk.
I was also surprised how quickly BTC broke above $24k. Not expecting that high, that quickly.
According to this chart you made yesterday, I got the impression you were expecting BTC to "Clonk" near the line and head lower.
Now that BTC has broken above your "Clonk" line and it also looks like a substantial breakout to the upside, are you revising your line or your projected direction for BTC?
I believe it was one person and also someone with inside knowledge confident enough to drop a huge sum on a stock like this. Offor would fit that profile and is the most likely candidate. If not him, someone who knows him well and would have been confident in what they were investing in.
Krombacher,
Emeka Offor has filed both Form 4's and Form 5's in the past and it looks like he is the one signed off on it (but not by actual signature). Here is one example below
Edgar filing by Offor
Because of this, I think he may have intentionally not filed if he was the one that purchased the 1 billion shares.
It would not surprise me if he has "acquired" more shares during the gag period that would have shown up in filings had they kept current. I am fairly confident he still owns greater than 50% one way or another. It could also be class A shares or options that were awarded him to keep him in the majority. Again, this could have been done and not disclosed due to gag orders.
This is also why I think it would be very fun to watch if out of the blue, ERHE started filing to get current. They could get off the greys and it would be crazy, even without full news as to why.
Will 23,456 now be support?
Hey Krombacher, I am not trying to be argumentative here but more like thinking outside the 9 dots. Is it possible that the 1 billion shares purchased in 2017 were shorts covering their positions? If so, that would explain why no SEC filing was made. You don't have to report short sales and if you are just covering those short positions, an investor would never own over 5% of the company and therefore not need to file.
Just a thought.
Either way, this doesn't change the ultimate fate of ERHE as it will or will not be bought out at some point in time and then it is simply the price offered by the other company is all that matters.
GLTA
Actually, I absolutely can continue to claim BTC is independent of any banks because they are just acting as one option as an exchange agent. People and/or businesses can transact with BTC without going through any bank or any third party exchange. You should try it sometime. I have purchased large ticket items internationally going straight wallet to wallet address. It took approximately 30 seconds to complete. When I did a very similar purchase 2 years prior using Wells Fargo Bank, there were massive exchange fees and delays. It took between 1 and 2 weeks for the funds to clear on the other side.
As to your question:
Yes Nowwhat, I have been watching the show. It now looks like the magnet is back on and pulling the price back up to the $25k line. However, earlier today when BTC was below $24, it sounded like your charts (and your inferences) were saying it broke below resistance and was heading much further south?. Now that it is going back up, you are now pulling up the previous chart with the magnet?
Darth,
First of all, BTC is not intended to ever take over any world currency. It is an alternative store of value and a system that is more efficient than our historical fiat financial systems. Because it is in its "infancy" stage and because it takes time for world adoption, it is extremely volatile. The volatility will one day, go away or be greatly reduced. However, I would speculate that this volatility will take a long time (maybe decades) to flatline. When it does, bitcoin (or perhaps other cryptocurrencies) will dominate all financial transactions. All world banks will be participating and profiting off it. All governments will likely have their own "crypto" currencies backed by the same current government reputations. There will be very similar regulations throughout the world as there is now with fiat currencies.
Because of the above, it makes your questions regarding satoshi being unknown, to be a non-issue over time. I don't know nor care who satoshi is. I respect the system (white paper) that he/she started and will leave it at that. I do know, if whomever satoshi is, were to suddenly try to "cash in" huge amounts of bitcoin, it would crash bitcoin and possibly this particular crypto currency forever. This would destroy satoshi's entire project and reputation. Why would anyone do this. They could, of course, slowly liquidate as much of their holdings as they want over time and reap all the financial benefits they ever dreamed of (a smarter way to cash in) while not destroying the system. You simply have to decide, which approach is more likely in the long run? If you believe satoshi won't eventually destroy his/her invention/system, then you can participate in this new industry.
Enjoy
I see it "clonked" again off $25k (ish). If it breaks through and retests 25k from above, where is the next clonking by your charts?
Thanks. That is a helpful response.
Appreciated.
So, let me tell you the 1000 words (or less) that this chart is telling me.
1) Since the price blew through your previous charts downward trending line, you widened the time frame to draw new line that is flat.
2) Because you put a "magnet" above the line, I am surmising that the price will continue up to that line (?? around $25k ish??).
3) I have no idea what this TA chart is saying if and when the price hits that line. Maybe you can throw a helping clue like "Clonk time" or "big green arrow above". Or do you wait until you see what it does when it hits that line?
If pictures tell 1000 words, what did the picture tell us when the current price blew through your line? If the price would have bounced off the line and headed back down, you would have said "Nailed it!" or "Clonk!", etc. etc.
It also seems to me that you simply change the line when it doesn't tell the story you meant to tell?
I don't disagree with you that charting can help show trends and they can be useful for building a position over time or lightening a position if that is what one wants to do. But I fail to see a 1000 words every time a new line is drawn.
Just to have full disclosure...... .0001 is not the bottom for this ticker... Frankie usually raises his coffee money around .000001. The charts might not show that many decimal points but I was a (bag) holder the last time this happened a few years back and experienced it first hand. Same person, same strategies, same lies.
Buyer beware!
This is what RS talk does to a company.
Other miners were up double digits yesterday followed by double digits today. This could have happened with INTV if there was no statement about a reverse split in the, otherwise, very positive revenue data news released.
I am a long term shareholder of INTV and a seasoned miner, myself. It is very disappointing to read news that they are still considering a reverse split. They could not possibly find a worse time for a reverse split for a crypto mining operation than during the "crytpo freeze" which occurs between every 4 year cycle of the bitcoin halving events. This will absolutely kill all value for current shareholders.
This is a shame since, technically, INTV has been fairing very well during this cycle pull back with positive increase in number of miners and in revenue generated.
Although, I am not giving up yet on INTV, I will be investing future $ in other mining operations that think more positively about current shareholders.
GLTA
Wow, so in the first month of 2023, Frankie is selling nearly 500 million new shares???? This is the exact same antics he did a couple years ago for which I was a bag holder for YEARS.
500 million share dilution in one month and for what? Frankie's pocket book... thats it!
Buyer beware!
Anyone have any comments on SingularityNET or AGIX?
If you are a holder of this, what exchanges have it available in the US (coinbase does not support it)?
Thanks
Oops! looks like your comment might not be right.... lol.
Curious question, did you get back in on that "bottom bounce"? If so, congratulations.
Wow! I am and have been bullish on Meta but I didn't think it would bounce back this quickly or nearly this much. Just wow!. This is still a long term play for me. I see the "meta" part of facebook paying off in 3 to 5 years. Until then, it will be an anchor on earnings but the company is still a huge cash cow and thus able to buy back huge amounts of shares. Just wow!