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If Frankie's behind the pump, we have two possibilities. 1) He does P&D a few times, pockets a few millions and disappears to Negril.. (he didn't do the vanishing act after any of his prior business schemes...) OR.. 2) he does some P&D to generate some cash that he uses to fund SANP's purchase of mining rigs, so he (and we..) aren't totally under Canoe's thumb.
If Frankie is a scammer at heart, the idea of owning machines that actually generate money, should be fairly irresistible to him. I know this much.. when this rises again, when it hits 003, I'll take profits and buy my own mining rig...
If I see 0004 again, I'll BUY BUY BUY! I know this is going up, bc I believe the manipulators bought TONS at 0012, 0011, 001.. (volume was way higher at 0012 than at 001 & 0009).. they wouldn't have bought there if they didn't KNOW they could pump it back up to 003 when they're ready...
That's how the manipulators WANT you to feel! They're "painting" prices lower so they can BUY MORE from scared holders. If you sell, THEY WILL BUY, and then they will make the money you would have made if you held on. PRICES WILL RISE, only question is if you'll still be in for the ride up.
Do what you feel is best for you... I am holding!
"bags of poop" when you bought, maybe. Maybe still. But, if you let a pile of poop sit for a year or two, it becomes fertilizer. Someone bought TWO BILLION of these shares Tuesday. Since my million shares cost $100, two billion would cost $200,000.
I suppose there's a chance this was some kind of MM swap or something, but if they took your 50 million from the retail ask, then at least those were a legitimate trade.
My point is, if someone is willing to make a $200,000 bet that DNAX is going somewhere, then I'm thinking they KNOW something we don't, and I'm willing to risk throwing away $100 to ride their coattails.
You haven't said what you bought in at, or how much you lost selling at 0001. I'm sorry for your loss, whatever it was. But, I have $100 in, I can only lose $100 here. MAYBE I just bought $100 worth of fertilizer.. time will tell.
GLTY
Wouldn't it be ironic if Podwerks is on a U.S. Customs watch list for being involved in the weed industry... and their presence on that watch list causes a shipment of Canoe's hardware to be held up at Customs while agents disassemble every mining rig in every container to make sure no contraband is being smuggled in inside all those aluminum cases..?
Ironic. I didn't say "funny", I said "ironic"...
What business/industry was DNAX in when you decided to buy? Energy drinks? Something else? Was there something about their business model back then that convinced you to buy, or.. why WERE you here?
I'm here because somebody - and I suspect, ONE somebody, an insider - bought just under 2 billion shares (10% of the OS) on Tuesday, a couple hours before the company issued PR about a completed ICO consulting project. That looks intriguing enough to me to put $100 here for a million shares and see what happens... If the $100 never comes back, well, I've had more than that on a craps table before...
@rbtree "gloomy" - China Crypto Crackdown means several things:
1) with 80% of current mining operations in China being told to shut down, there will be a temporary tightening of crypto supply because less new coin will be mined. Tightening supply usually raises market price - Bitcoin should rise substantially.
Eventually, the equipment now in China will be relocated out of there. Some hardware will be sold off, some Chinese owners will pack up their hardware and set up in New locations. Leading to ...
2) the ONLY reason SANP has a pulse this month, is BECAUSE a Chinese mining operator saw the crackdown coming, and found an overseas partner in SANP. The China Crackdown provides an OPPORTUNITY for U.S. entrepreneurs to fill the void China is creating.
Bottom line, it's gloomy news for mining operators IN CHINA, it's AMAZING NEWS for anyone in crypto outside China.
Right.. but
That's the one thing I HATE about the sub-penny world - when people come here to play ticker trends, without any thought about the actual company's business model or earning potential, this becomes less about finding a company to make money for us, and more (all?) about making money off of each other. Like over in BTSCAM. The reason I'm here instead of there is that I really think this company is TRYING to be a "real" company instead of a pure ripoff from shareholders.
This WILL RISE.
I totally agree - manipulators out-of-gas, got all the 001s they will get. I'm HOLDING, so that, when they decide to let the price rise (AND THEY WILL) so they can make money on their 001 buys, I'll make money on my 0012s pile....
Hey chart peeps.. Dragonfly Doji after a decline is a bullish reversal signal, right? Didn't we see one yesterday.. open, hod, close all at 0012?
Etrade won't accept market orders on Pink's. Gotta be a limit order, can't be lower than 0001.
Wanna see a tsunami wall? 490 million DNAX @0001 ask. Yesterday, while SANP holders waited for news, DNAX traded 1.98 Billion shares, and then released evening news about managing an ICO worth 10 million, from which they get $700,000 for setting it up.
Exactly right! Bidders are BUYERS - they WANT SHARES, because they think the shares are worth MORE than their offer! Their offer is based on what they think they can get you to sell at, they're trying to exploit people's uncertainty, fear, desperation.
KNOW WHAT YOUR SHARES ARE WORTH, ignore the sharks' claims otherwise, and HOLD OUT for the price you know they're worth!
Pro tip: say "BS people into believing.." just AFTER the company puts out some vague PR about what they "hope" to do "over time, soon"... NOT at the tail end of a two week period of silence from the company...
@daku07 - I followed your advice. Went to elayaway.com. Clicked the "Shop Amazon" image. That took me to a page with a "Get Started Now" link. I clicked that... and it took me to "zippyloan.com", which reads like an online version of a payday lender. So, these guys are somewhere between "Check In To Cash" payday loans, and "Rent-A-Center" rent-to-own stores.
The biggest problem I see here, is that it looks like people who actually shop through ELAY, will be generating revenues on Zippyloan's balance sheet, not ELAY's. Looks fishy enough to me, that I'm just gonna stay away..
There might not be "nothing left here" FOR THEM - depending on what type of institution they are, they might be able to obtain some value from WHEN they sell this and record the loss.
But, their situation isn't mine. There's nothing here to suggest TO ME that this company has any revenues in its future or any reason to buy in. I hope, for all longs here now and later, that I am wrong. But I won't lose any sleep over missing this boat... GLTA
@Shepo69 - You nailed it! HTC bought "operations" FROM Ciber, they didn't buy the CORPORATION because HTC (almost certainly) didn't want to inherit its (roughly, by your estimate) 120 million in liabilities. This is not (private company) HTC buying a shell company for a RM and quick entry into the OTC->>NASDAQ->>NYSE stock exchanges. There's nothing left here for common shareholders.
I found this PR from June '17 on HTC/Ciber's website:
"HTC Global Services Officially Acquires Ciber Inc.’s U.S. and India Operations
Troy, Michigan, June 9, 2017: HTC Global Services, a global provider of information technology services and solutions, has officially acquired Ciber Inc.’s U.S. and India operations. HTC is headquartered in Troy, Michigan, USA, with several global delivery centers in India and an operational presence in the Asia-Pacific region. Established in 1990, HTC is an Inc. 500 Hall of Fame company.
HTC’s combined strength brings increased value to our customers. Our first customers are still our customers. For more than forty years Ciber www.ciber.com has delivered the technology expertise that helps businesses achieve strategic goals, and the teams that make it happen for clients. HTC’s CareTech Solutions, www.CareTech.com is a healthcare company that specializes in IT and provides customized, scalable solutions that enable top-of-the-line healthcare. With technology experts from HTC Global who understand the big picture, your decisions are better and strong results for your business are the proof of a successful partnership.
As an organization that is focused on digital transformation, with services ranging from application modernization, infrastructure and cloud, ERP implementation, big data analytics, mobile and IoT, to application development and management, Ciber’s strong solutions and staffing services will complement and strengthen our offerings in many differentiating ways. The values of both companies are closely aligned to focus on the client first. HTC Global Services and Ciber take pride in operating with simplicity, honestly and humility; and focus our solutions and services around innovation, flexibility and velocity.
www.HTCinc.com"
https://www.ciber.com/who-we-are/news-events/news-release/
"Kodacoin... Its got that nice, gold color"
"It fills us with dree-ee-eams of plunder"
"Mama, don't take my Kodacoin awaaaayyyyy!"
25,000 cigars don't really impress me. I understand the Podwerks concept to be self-contained weed growing pods. But Li Ang did say something about SANP developing cryptomining pods - I suppose a vacant lot full of wired-up mining pods might cost less than a surplus warehouse space somewhere.
I'm also less interested in "year of the rooster" than I am to see that today was the "day of the dragonfly" - a dragonfly doji is a bullish reversal signal...
Screenshot your open order, and the page showing the 50mil ask that you couldn't get filled from. Try to get date &time on both. Send both to S.E.C. as a complaint against your broker.
Props @JedClampitt for http://www.businessinsider.com/bitcoin-price-explosion-wall-street-spends-bonuses-2018-1" rel="nofollow" target="_blank" >http://www.businessinsider.com/bitcoin-price-explosion-wall-street-spends-bonuses-2018-1http://www.businessinsider.com/bitcoin-price-explosion-wall-street-spends-bonuses-2018-1[/tag]
My opinion: this could happen. If it does, consider that it's about two or three days quicker to move money into a broker account than into a coin exchange. Whrn I deposit a check to my checking, I can move that money to etrade as soon as the bank clears the check.. and etrade let's me buy against the transfer as soon as I order it. If I transfer that money into Coinbase instead of etrade, Coinbase makes me wait 5 days to buy Bitcoin with that cash. So, assuming these "wallstreeters" get benefit checks as direct deposits on 1/15, I'll be looking for a spike in crypto stocks first, followed by a cryptocoin bump a few days later. The coin bump should power a second bump in crypto stock prices. At least, that's the advice I got from my Talking Elmo doll...
My point is, don't interpret this article to mean that Bitcoin will definitely explode on 1/15, don't despair if there's a few days lag.. it's not going to be a single Tsunami wave at 50 feet high, more like "Surf's up!" for a week or so.
"Trips" - prices $0.0009 down to $0.0001, with triple zeros to right of decimal point. I bought in here on 12/13 at $0.0004, after failing to get my order filled at the 12/12 close of $0.0002.
@maxwell - my post was about the stock, which is more than I can say about yours. If you want to suggest that I've made an error, then describe the error and SUPPLY THE INFO you think is correct. You might even be right - the 135 million unfilled bids at yesterday's close might have been at 001 instead of 0011 - that would make them mostly the same bids I saw waiting ten minutes ago. Still, "spouting off without any facts" is a serious charge for a "one percent of a penny" mistake.
NOBODY HERE should rely on anyone else here for "facts" - this is an opinion forum, everyone should verify the opinions they see here, then make their own decisions based on what they can verify to be fact.
I know what I saw on etrade's SANP listing at close yesterday, and I stand by what I said. GFY... GLTEE
Yesterday closed with 135 million unfilled 0011 bids. Including mine. I imagine another 200 million 001 bids are stacked up (L2 subscribers, could you check?) I think we're not gonna see trips again. I wish you luck finding trips, but I'd hate to see you watching the train run away without you...
@MTEpockets - I was right.. you did say January 15th... "should be" $0.003-$0.008 by then. I put a small slice up with an $0.0048 ask, GT60.. if someone buys it before February 2nd, I'll buy you a drink (and I'll drink it for ya..) on the Carnival Victory cruise ship on Feb. 3
@MTEPockets - you said "hold SANP until January 15th" - was this the reason?
http://www.businessinsider.com/bitcoin-price-explosion-wall-street-spends-bonuses-2018-1
Mayis.. "half a trillion crypto market cap" is pretty much what most news articles are reporting as the combined current value of all cryptocurrencies. Bitcoin's current market capitalization is $251 billion. ( https://coinmarketcap.com/currencies/bitcoin/ ).
All that statement is really saying is that crypto is growing and gaining acceptance as a currency, so this is a good time to be involved with it. "half a trillion" is actually a low estimate - the site I linked puts the "all crypto" total at 745 billion USD
@GgGgGg - Sorry for my delayed reply. I don't know how many miners Canoe(China) has or had, or what percentage of those they plan to bring to the Canoe USA operation. (in light of escalating hostility to crypto from China's government, it seems more and more likely that Canoe USA might get all of them - but that's just speculation). I've read MGTI pr stating a goal ("forward looking statement" there..) of up to 5,000 mining rigs. And they only have 48 million OS. The most I've seen in any SANP/Canoe or is a goal of 2,000 owned mining rigs - but since Canoe is / will be a pool, they'll get a percentage from every additional rig that signs in and works in the pool. No telling how many that will be, but I've seen Slushpool claim to have 50,000 logged-in miners.
One issue is SANP's OS count at 7.35 billion shares. If all else between MGTI & SANP were equal (and it isn't), the different share counts would mean that SANP shares would be 1/150th the pps of MGTI shares. (but nothing at all is "equal" between the two, so 1/150 is NOT a valid basis to price either vs the other...).
"Would a share buyback make sense?" I don't know... To me, yeah.. I like to see a company buy back it's shares, it strengthens the position of every remaining share. A buyback from mining proceeds would be a good way to distribute mining revenues without the hassle of sending out dividend checks. We would see a steady, measured decline in OS count, without the negative impact of a RS. So market cap should continue to grow in step with mining revenues, and share price should rise as book value per share rises from the falling OS count in the denominator of BV/S. Essentially, when a shareholder wanted his share of mining revenues, the remaining shareholders (thru the company) would "buy him out", buying back his shares for mining revenue cash. The longer a shareholder stays in, the larger his share of mining revenues should be, and his buyout price should be higher because of it. I like it, hope it happens this way.
The biggest threat to Bitcoin I see - and this is pure speculation coming straight out of my ass - is the day the US government orchestrates a "test case" involving failure to pay a (bogus, setup) contract that specified payment in Bitcoin... and fast-tracks that case to the USSC, so they can say (as they'll have been coached to say..) "part of the value basis of fiat paper currency, is the value of having a court system standing ready to enforce contracts. We do not extend this value to rogue currencies like Bitcoin which have no official backing. Therefore, contracts specifying Bitcoin (and similar) as payment, are unenforceable in US courts."
That decision will take "getting a mortgage and buying a house", "paying your taxes, utilities, insurance, car loans", and "earning your salary" off the Crypto table. That won't kill Crypto, but it will definitely marginalize it.
I'm loaded ok. Didn't get my 001s filled today, resubmitting the order for tomorrow at 0008 on the expectation of NO news, and the slim-but-real chance of BAD news. If we get good news tomorrow, the price runs away from me.. and in that case, I have a million reasons to smile!
Weird! Etrade just took my buy order. I did get a momentary "not authorized to access with the credentials you supplied" error page, but that was due to switching from mobile data to WiFi, had to relogin. The buy order shows up in my list just fine.
Did y'all notice how the "Bitcoin MELTDOWN" articles started appearing everywhere right after the start of the year? I think it's because the BIIIIIG MONEY - Goldman, JPMorgan level money - the kind of money that controls big media - wants to get in Bitcoin in 2018, and they want to scare some out of the hands of the "little guys" who hold it now.
If someone wants to put in a short sell at 001, the only thing I can do about that is to BUY UP all the shares he'll sell me at that price. I'm certain that this will go back up, so I'm HAPPY to buy up all the 001 short sales I can. I'll make the money they lose when it goes up and they have to cover at a higher price.
Right. But as the price gets near the floor, short selling becomes a MUCH riskier proposition because they have to hope to break thru the floor to a new lower level. People usually short when they think the price is too high and will probably drop - like when we hit 0026 in mid Dec., but they rarely short near the bottom of a dip like this one. Anyway, putting my shares on Hugh sell orders is all I can do to try to prevent more short selling and force the shirts to come up to my price to cover the shorts they sold at 002-0026.
I don't think so. Even if they can, they would be loaning to people trying to short at THIS price (those people would be looking for prices closer to 0005 to cover - "fat chance" says me...). The short squeeze doesn't care too much about preventing more short sales, it's about preventing the cheap "buy to cover" trades.
The shares I hold matter more than ones I'm in line to buy at 001. So, if the 140 million bids at 001 represent a large block of shorts trying to cover, I say let's SQUEEZE THESE SHORTS! Set your ask as high as you WANT to sell at - if enough of us do it, we'll see a liftoff today!
I've cut my losses here - if this company is back to begging someone.. anyone.. to buy them out, there isn't enough in this company to keep me here. With just under a million in assets, divided among 460 million shares, each share claims 1/460 of a buck. That's roughly two thousandths of a buck, $0.002 BVpS. For half that pps, I can buy into SANP, which HAS mining equipment and is actively working to expand mining capacity and revenues.
The only thing holding SANP down is fear - the fear in a seller who sells to the 0011 bid. That's what "consolidation" is - fearful sellers getting out too cheap, more confident buyers snapping up the 0011s for the gains ahead. It's ok.. those who can't stand the heat SHOULD get out of the kitchen, those of us who don't have FOBM should grab all the cheapies we can! I don't need this to run TODAY, I KNOW it will run again within a week or so.. and long-term, it looks absolutely golden to me!