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The 10K (for CRCW) is due April 2, I believe.
Qs are not audited.
Fraud is not mentioned in the SEC letter because proving fraud is one of the more difficult things to do in the code. Not only does intent have to be proven, the prosecution has to prove reckless indifference. I’m not a law expert, but unless there is a lot more going on behind the scenes than we know about, like asset seizure, I don’t see how the reckless indifference part would see the light of day in a courtroom.
All IMO.
I'm a CPA, but don't work with publicly traded companies, so it's possible there could be some esoteric reason why a quarterly statement would be audited before a business combination or equity takeover. But normally, no, quarterlies are not audited. The workload for auditing firms would not only be onerous, but with an auditing firm having to be in year-round engagement with the business they are auditing, I think there would be some worry of the CPAs becoming "cozy" with company management. So it's actually a good idea for quarterlies to *NOT* be audited.
Qs are not normally audited. This is something Jordan should be able to do by himself, especially if the auditors are done with their work for the prior annuals.
That's fine. I'll keep picking up 5s for as long as they're available.
Go for it. Let us know how that goes for you.
And ideally not by calling people names on Twitter. I still think the company and sales are legit, but this is a major headache. Steve got some 'splainin to do.
That makes no logical sense and is factually untrue.
This statement makes as much sense as yours: "I saw an ice cream truck today, therefore a volcano must be coming."
Audits take time. I wouldn't expect Mazars to be done already.
You can slaughter any animal, really. There's some merit to the point, but keeping some amount of your portfolio for aspirational investments isn't the worst idea in the world either. IMO.
My plan, if things go well, is to sell off some of my stake after making a fair amount of profit, and to let the rest ride for a while. Crazy things happen in the crypto space.
Just added another million, which was to my surprise only the second buy of the day.
Right, GDAX is essentially the Coinbase pair exchange, as the only markets they offer mirror the Coinbase fiat exchanges - BTC, BCC, ETH, LTC. My guess is it gets rebranded as Coinbase at some point because Coinbase is by far and away the more well-known brand in that family.
Which again means, I don't think Coinbase has any particular use for Cointracking. I don't believe that any major exchange would, at least until a dominant exchange emerges in the coming years.
Coinbase currently exchanges Bitcoin, Bitcoin Cash, Ethereum, and Litecoin for fiat. You can't trade between cryptocurrencies.
However, I would not expect that to be the case by the end of the year. My guess is that they end up doubling their coin offerings, if not more than that. At the very least, Ripple, Cardano, NEO, and Monero all seem like likely coins that Coinbase will support in the not-too-distant future.
I also suspect they will roll out inter-crypto trading at some point. So they can compete with the functionality of regular exchanges like Bittrex, Binance, Bitfinex, etc.
All of that said, I don't think that CoinTracking and Coinbase have any partnership opportunities on the horizon. One of the things that makes CoinTracking great is its ability to connect via API to almost all major exchanges. If they partnered with Coinbase, I'd worry that that freedom to gather all the information that's out there would be compromised.
I might be one of the few, but I take it as a good sign that this isn't blowing through the roof. When that has happened in the past, seems like it was just a pump, and the dump came a few days later.
Yep, Ameritrade accepted my buy order in that neighborhood as well.
Now to see if it fills, which is another issue.
Marxbys posted this a few minutes ago, but here is a place to find CRCW trades:
https://ih.advfn.com/stock-market/USOTC/the-crypto-company-CRCW/trades
Volume on CRCW today (130 at last check) is really not that dissimilar from what it was back in November before the huge run-up.
https://goo.gl/2LmF6m
Grey market be damned, I guess.
OTC Markets now lists CRCW as "Current" as opposed to "Suspended"
https://www.otcmarkets.com/stock/CRCW/filings
Without a significant spike in volume, it's going to close at .0006 or .0007. There's currently 20 million on the ask and volume is 30 million for the day, so the volume would probably have to double in order to close past 7 today.
I'm also in the camp that doesn't really care where RMRK closes on a day to day basis. I'm here for the lottery ticket aspect of it.
Unfortunately more are being regurgitated onto the ask.
It is nice to see that almost all of the trades today have been buys, but the volume isn't there right now to sustain a rally back up to 8 or 9 (or down to 4 or 5). Think it probably stays that way until news comes.
Not me either, but some people are still up, and on a good company.
.0079 is short term resistance. Going higher.
LMAO $1.7 mil in sales.
You sure? ONCI going higher.
There, see how easy it is?
Maybe next week!
"Smart investors were selling today" is a vacuous comment. There are plenty of smart people who bought today. Probably some dumb people who bought today, too. And dumb people who sold.
Rough draft by your estimation. That's all.
Why does "soon" need to mean today?
The only proof you have that it's a rough draft is...
wait, it's nothing. You don't have any. Good try, though.
By your telling, smart investors never would have bought at all - so why are you harping on when others buy?
Why does a stock closing flat one day have anything to do with a general trend in the right direction?
I use CoinTracking to manage my crypto portfolio, and it cannot be underestimated how useful it is. Through API it tracks transactions through all of the major exchanges and wallets. It is most helpful to me, though, by automatically calculating my tax bill. It has a tab for realized/unrealized gains and losses that has proved invaluable.
Could not recommend CoinTracking highly enough. This is not a shill - I have paid for two years at their highest level of service. That CRCW/RMRK has purchased this company is icing on the cake to my investment. I had invested in RMRK before I knew about CoinTracking, and started using CoinTracking before the buyout by CRCW was made known. It's all a perfect synergy for me.
I tend to agree. I'd be more concerned if RMRK had gapped up instead of gained ground with a relatively smooth climb. We'll see.
I'm also not too concerned about the current price, whatever it is. I'm not here for .0014 or .0015, I"m here for what happens once RMRK goes current.
It does increase the liquidity of the publicly available stock, that's true. That would also be true if they did a 2:1 forward split. Or a 1.1:1 forward split. Or a 1.00000000001:1 forward split. Technically any more publically available stock, even just one more share, would increase liquidity.
It does nothing to address the structural issue of >95% of their stock being untradeable outside of accredited investors.
GLTY
It doesn't fix their stock liquidity problem. >95% of common shares are still restricted from the public. There are just 10x more of them.
This will be an ongoing issue until they either re-start the IPO, or acquire a new share structure through a merger. Given that IPOs are super freaking expensive, smart money would be on the second option.
JMHO
CRCW went from 850,000 public shares to 8,500,000. 8,500,000 is still not a lot. I’m guessing this was done to placate the OTC.
I don’t think it affects their plans for Rimrock.
Here are the links to today's filings:
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12427297
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12427290
CRCW raised $7,679,488 from restricted stock placement to 76 different accredited investors. Not chump change by any means.
1,150,280 shares were sold at $7 a piece, which has been the going rate on the past few Form 4s. And again, $7/share is closer to being indicative of the stock's true price than whatever the ridiculous number is that's being traded on the pinks.
The Form D does specifically state that this is not related to a business combination transaction, FWIW.
Of course the info is more important, the problem being that the info is poorly researched and the blog post is basically just a hit piece on Mike Poutre.
I posted on this a few times last night, and Marxbys has as well. The author gets basic facts wrong, and is grossly uninformed on other points.