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the shares are related to the reverse. If it was a money grab they wouldn't dump the entire thing in one fail swoop. It's likely being held in deposit. The company needs to control the majority of shares after merger, not us penny investors.
RiskyRewards posted this link update earlier for those that missed it:
https://mp.weixin.qq.com/s/KeQbvXNSkwPmcP_1GApwuQ
I love the potential. There's so much money in asia with regard to crypto and finance. Lots of companies from China trade OTC with insane valuations.
Nice find Risky. Glad youre still around, gives me confidence.
During the 2017 crypto run, MGTI, a BTC miner, hit a pps of 8 dollars. OS was over 20 million, market cap over 100 million. They barely had a few thousand miners and nothing else.
BHPA is not a start up. They have major financial backing, their own token, and tens of thousands of miners. Their business pipeline is in asia. If they are profitable, the pps could easily reach 50 dollars in the future.
There are many great international companies that trade otcbb. Tencent, a chinese conglomerate, has a pps over 40 dollaars with a market cap near 400 billion. Softbank trades otcbb too with a pps of 90 dollars. These are tech companies with more than a billion shares OS. Of course they generate lots of profit. Where could SRDP end up if/when the merger is consummated? The OS will be a few million.
Saying Bitcoin and crypto dont pay taxes is like saying gold and silver don't pay taxes.
What do you mean by Bitcoin and cryptos don't pay taxes?
The most important aspect of this week is more confirmation that the reverse merger is happening. The corrected amendment filing a week ago says they are fully engaged. Considering the value that's coming in, a 25 to 1 reverse split merger is insane. A 20 dollar stock price post merger is still less than a 100 million market cap for a company that may be worth hundreds of millions, or maybe even billions, with it's hands in all aspects of a rising crypto sector. And remember, they are in asia, which is moving faster in crypto than the west is. China, Hong Kong, Singapore, Taiwan, are some of the richest countries in asia.
imagine how much people he shook out yesterday
Thanks for posting
Rules for Amendments in Nevada:
https://www.leg.state.nv.us/NRS/NRS-078.html#NRS078Sec390
There was no shareholder meeting or vote.
Somebody stole some shares
Panic selling for no reason
Articles of Amendment requires shareholder meeting and vote
Articles of Amendment change needs a vote
Somebody is loading
That's really bad, rookie trading if you couldn't pull the trigger on some profit with that large of a share count.
You had 500,000 shares at .014 and didn't take any profit when it reached .20 to .30 cents?
My question is simple too.
Answer mine.
Name another crypto stock that has risen with bitcoin as much as SRDP has. The one month chart for SRDP looks similar to BTC. The only difference is that SRDP has done better.
Methinks you bought in at higher than .014
Yes post and source it
In my opinion, this is the only clean, non diluted, crypto stock if the merger is implemented. Like I said, if they did a reverse split by Articles of amendment, they need to come up with a resolution and a vote, which to my knowledge, has not happened yet. It could happen, but someone was posting a partial picture of a certificate, claiming it was for a reverse split. I hope that person was not faking it cause that would be breaking the law. Usually a certificate of amendment is turned in after shareholder approval. I may be wrong though.
Sorry that was cost of machine not profit. Profit depends on hashrate, electrical costs, and warehouse costs. I think breakeven last I heard was bitcoin at 5000 or so.
Big bucks, especially with crypto rising.I would imagine two thousand each for the newest. That doesn't include setup cost and power. When Bitcoin really moons all these mining operations will jump in causing a shortage of machines, sites, cheap electric. Since they are already set up, skies the limit for Renren. A stock I made money on during the 2017 run, MGTI, barely had a few thousand machines running, and even then they had all types of issues. Stock ran up from 2 dollars to 8 dollars at the high.
GOod lord look at Bitcoin go. Reminder: Renren mines controls a nice portion of the Bitcoin hashrate.
Here is the rule regarding Amendments:
https://www.leg.state.nv.us/NRS/NRS-078.html#NRS078Sec390
There was no shareholder vote or meeting.
Articles of Incorporation require shareholder meeting and vote. I don't know why certain posters keep pushing the RS agenda.
Who posted the filing on IHUB? Is there an original link? Once a certificate is entered it doesn't take long to get it approved. In fact, they have expedited service where they can sign off on it in less than 24 hours if the paperwork is in order. I'm not saying the filing posted is illegitimate but theres a lot of holes.
This is what the form looks like.
https://www.nvsos.gov/sos/home/showdocument?id=1066
That filing looks suspect. No signature, cut in half. Anyone have a link to it?
Well the page is cut off so it's hard to see where they listed that the preferred override the common.
YEah should be interesting because there is supposed to be a shareholder vote prior to entering the certificate. That line is missing as well as the signature line which is weird.
I guess cause we're posting haha
BHPA (SDRP) is now listed on the very top of the IHUB cryptocurrency page.
Any amendment to incorporation requires shareholder meeting and vote as stated in NRS 78390 (referenced in filing). Even changing a name, hence why name change is also listed. No meeting set, which indicates the reverse split has probably been abandoned. Amendments do get abandoned. Just my opinion, I may be wrong.
BHP coin keeps going up. It's now at 1.37