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I see a LOT MORE buyers at 12 than sellers at 13.. should finish strong...
Buying 12s is "helping shorts"? Maybe, but only if you expect the pps to drop. I don't feel bad buying all I can at the lowest price anyone - ANYONE - will sell at. Because every share I buy gets added to my "sell limit $10.00" standing order, and can't be loaned out to the next shorter when this goes back up. Overall, I think that taking shares out of the hands of shorters and locking them up, hurts them more than helping them.
The last PR I saw from them, early December, said "we have 12 rigs, setting up for preliminary testing, with 100-200 to follow, with a goal of up to 2000 later on". Paraphrasing here, but that's what it meant to me. The 12 rigs were several different types, for different currencies, so their hash rates are probably all over the place and hard to compare to any one standard. So, I'm sticking with 12 until I see their "we just deployed mining rig #200" update.
$0.20/share when 2000 mining rigs..
$0.02/share with 200 rigs..
$0.002/share with 20 rigs..
And with the 12 rigs we think they have running right now... $0.0012.
I didn't "load the crap out of", but I did pick up a nice handful of 12s today..
Aaahh.. but... When (if) the merger happens, isn't the new company (Canoe USA) going to have Canoe China owning 2/3 of its shares, and all our SANP equity representing 1/3 of Canoe USA?
My point was that, even in the case where the merger doesn't happen (but SANP figures out how to deploy 2000 miners without Canoe's seed money), we should see a pps closer to $0.20/share than $5.00/share. (I was answering a post that said "pps $5 minimum!" - I think that's a bit unrealistic in 2018..)
Which would still be a hell of a ride from the $0.0004 where I jumped in (or the NEGATIVE $0.0002 I've paid (factoring in my flipping gains) for what I hold now. For me, the magical thing about SANP is that I've already gotten my pile on house money plus, I can not lose money at this point, so I can just buckle in for the ride!
"MINIMUM $5.00" - not with half a billion shares. MGTI is planning 5000 mining rigs (comp to SANP's planned 2000), and MGTI has issued 48MM shares (comp to SANP's 460MM shares), and MGTI is hanging around $5 pps. That puts us somewhere closer to $0.20/share, once SANP gets miner #2000 running, unless Bitcoin price multiplies 25x and hits $370,000/coin this year.
BTSC should drop to $0.0008, based on what mining equipment can earn (at current Bitcoin prices and realistic price growth), and how much mining equipment this company has, and how many shares they've issued. I'm serious - they should call themselves "loaves & fishes bitcoin services", because they're trying to feed holders of 460,000,000 shares, with the proceeds from 15 obsolete, B-list mining rigs.
@CarloRoberts - you're right, because $0.0008 is "below $0.14". My hope for everybody here, is that they sell ASAP to the pump&dumpers, and then avoid this stock like the plague, let the pumpers become bagholders. This stock is a turd at any price above $0.001, I'll buy it, from plumper bagholders if I can, for $0.0005/sh
"how is it a scam?" Well, they own (and presumably operate) mining equipment worth about $20,000 total. Instead of 5 Antminer S9 machines, they bought 15 of Antminer S7, which are only 1/3 as fast. But, more machine CASES (with less inside) makes a more impressive promo photo.
The point is, if you have $20k to invest, you could buy yourself a mining system that is equal to this company's, or you can buy yourself a 20/150000 sliver, one seventhousandth, of this company's equipment. Which is sort of like buying your own $20,000 mining system, and then every time it makes $7500, you go out and give away $7499.
This company has not announced any plans to expand its mining capacity, and it seems to have no cash to buy more mining hardware, so for now there's just nothing at all here that's "real". Makes this a scam in my book.
About 900. But do they all belong to Santo? When Santo becomes Canoe USA, doesn't Canoe China own 2/3 of Canoe USA?
Right. He wants to drive web traffic to his site so he can get paid more from the ads he hosts there. At least that's something close to "working for a living".
I'm not blaming him for my trades. I'm not blaming anybody, I decide my own trades and I'm quite happy with my results in December! (I saw SANP for 1st time at 2am on 12/13. Put in a buy order at the 12/12 close - $0.0002. Wasn't filled. Grabbed as many $0.0004s as I could get at 10am. Still sitting pretty!)
What's to ignore? Clay Traitor says nothing meaningful - every one of his videos is basically "look at this chart" (ok.. I can see it on my etrade too, don't need you for that..), "people bought, people sold" (again, I knew that..) " and the price went from here to touch here and ended here" (I know, watched it happen..) "and if you want to get the tools I use, click my link..."
He does ZERO "analysis", no "company surged on news of a capacity upgrade (or earnings surprise, or analyst recommendation...)", he rarely even interprets the chart (i.e. "this is a head&shoulders (or cup&handle or flagpole etc..) which is usually a (buy/sell) signal..."
I'm actually glad he doesn't try to read chart signals - "signals" might be better than tea leaves or tarot cards at guessing what investors will do next trading day, but they are worthless at measuring the financial health, management skill, revenue or profit potential of the company. Charts are good at saying "everyone's running toward this cliff, you should run with them". Don't believe me? Look at the chart signals vs. profit potential of BTSCAM. Or, look at chart signals & share prices for ENDV, and then look at the last 8 months of reported insider activity. (What does ENDV CEO Mann know that the charts don't know?)
Anyway, I would ignore C.Traitor if he actually said anything... but he doesn't..
I heard something like (paraphrasing here)'12 miners to start, 100-200 early '18, possibly up to 2000 later on'. I try to evaluate company value based on business model, revenue potential, basic business sense. It keeps me from getting caught up in hype/momo and finding myself out on a limb.
Penny PE's are typically higher, because often the lack of ANY earnings (combined with dilution to raise cash) is why they're penny stocks.
Anyway, I'm not saying that my way is how "TO" value SANP, I'm just saying that this is how "I" value SANP right now. If someone has a more ambitious forecast for BTC/BCH price, or is more willing to give more credit for more distant promises... and if their higher valuation causes them to buy when I won't.. then they deserve the gains I missed... No hard feelings here, we're all just trying to do the best we can.
This is no bus. It's a cruise ship! I am definitely on board. Right now I have an inside cabin on Deck 1, and if that's where I stay, I'll still enjoy all the sunshine and scenery on the lido deck. If circumstances allow me to upgrade my cabin, I will.. but I won't miss this boat in any case...
"Tenth-penny cryptocompany" 7Bn shares will do that. Giving SANP credit for 12 miners working, and applying their "payment processing industry" cousin Visa Inc's PE of 50... at $BTC near 19k the SANP price (50x N12M earnings / 7.4Bn shares) should be about $0.00111... but with BTC near 11k today, my SANP price falls to $0.0006.
Sure, we could credit SANP for its announced plans for many more miners down the road. But PE = 50 is quite generous, considering we're applying it to future earnings instead of TTM earnings, so I choose not to add a second bonus for promised miner upgrades.
Which leaves me at $0.0006 right now to see a fair profit from operations over 12 months. So, my buys and sells now are designed to get my average paid to 0006.
GHHC is following $BTC 19000»»11000 today. If "rising tide lifts all boats", then "tsunami sinks all boats". BTC tumble is a tsunami that GHHC isn't strong enough to overcome.
For now. Long term, the "be PayPal of Bitcoin" plan has merit, should lift us up in the end....
@MTEpockets - I didn't intend to criticize the MMs with that post. I totally recognize the role MMs play, providing liquidity in thin markets etc. My post was for the little guys who seemed to be panic selling. Of course, sitting at 0012 my post looks a little silly.
I am a vocal opponent of short sellers, and I kinda feel that when a stock is trading heavy volume the MMs should kinda back off a bit - once the market is "made", why keep "making" it - but overall I think MMs are usually good.
I saw something saying GHHC is "positioned to become the PayPal of Bitcoin" - if a pump like that can't move the needle, I don't know what can.
I think (and, kinda hope) we see this go lower before it takes off. I'm just fine with averaging down for a while here... the company should do well in the long run.
I'm thinking, this company mines cobalt & graphite, which are both strategic minerals in a lithium battery economy. Long term, this looks real nice...
Totally agree.. just gonna park a little bit on this and leave it alone for a year or so
Well done! I bought 100 at .70, sold those at 1.62.. bought more at 2.29 and 2.75, sold 100 at 4.74, still hold 100 that cost me 2.42(avg).
I would have bought bigger, but I was also riding SANP from 0004 to 0026. Sold some of that in the mid 20's, still holding 300,000 at 0014(avg).
I haven't put big money into these crypto stocks, "buy only as much as you can afford to lose", right.. but I've gotten a nice little taste of these runs!
GLTA
"This spaceship has sugar in the tank..."
https://en.wikipedia.org/wiki/Rocket_candy
More seriously, I'm fairly underwhelmed by HAON, think I'll sit this one out. Best wishes to longs here, I hope it blasts off for you!
Wouldn't S.E.C require a "change in material circumstances" filing within 5 days if a company did something significant, like initiate new revenue generating operations or significantly increase its capacity to generate revenue? If SANP began mining today (or in the last 4 days), I'd expect that we'd find out - at the latest - before the 5 day time limit expires.
Not really. I trust the comparison, but it tells me that BTSCAM is way, way overvalued. I offered it to show only that SANP can certainly hold 15s, (especially with the 92 miners assumption in the other guy's premise).
A better valuation (in my view) comes from an earnings per share estimate from a given number of mining rigs for a certain number of shares, times a suitable PE ratio. Visa, Inc. is in the "payment processing" industry - which is what "crypto mining" really IS - and Visa Inc has a PE of 50. So. for example, SANP's projected 12 month earnings (at current crypto prices) from 12 of S9 miners, divided among 7.4 billion shares, times PE 50, gives about $0.001111 share price. 96 miners would then price us at $0.0089. IN MY OPINION...
Hell, 5 miners (equivalent) have kept BTSCAM at $0.26 even today! True, they have one O/S for every 7 O/S for SANP, but 7 times $0.0015 is only $0.0105. Are you saying BTSCAM can't hold $0.0105? BC they're at $0.26.
(They have 15 miners.. but they're obsolete S7 machines whose primary purpose is to LOOK impressive in promo. Their total mining capacity is about 66 TH/s, equivalent to 5 S9 machines.)
"Bitcoin will crash" and yield to paper currency.. Just like when internet fizzled and newspapers came roaring back. Or that time when all the nations idled their nuclear, diesel, and coal fired steel navies and went back to wooden sailing ships. Or, who can forget that time we all stopped doing agriculture and went back to foraging for wild-grown food? Or, what about when the phone companies changed all their phone lines back to analog systems because digital was too fast and gave too much call clarity?
Cryptocurrency is a technological advance in value transfer. Bitcoin is the leader in the new technology. They offer advantages which make the old paper money system obsolete, just as paper money made gold obsolete as a medium of daily commerce, just as gold made barter obsolete. The world economy will transition to cryptocurrencies. Governments will convert their currency systems to cryptocurrencies. There is no turning back. If you short Bitcoin, you're betting your money on yesterday.
Wow.. sneaky bastards! ETrade still gives a result for a CDRBQ search. The company description gives an address in Hawaii and a coderebel.com link. Clicking the link opens a page for NuoRDS.com
NouRDS is an effort to create and market cross-platform remote desktop and terminal server apps, so that a Mac user can access a Windows computer & vice versa. THIS IS AN ACTIVE PROJECT - they posted an updated version on 11/18/17. At the bottom of their contact webpage, they show a "Send us mail" address: "Ozolio Inc. PO Box 1735, Kahului, HI, 96733, USA"
Still in Hawaii...
Ozolio's primary business seems to be setting up webcams for clients who want to add live Hawaiian vistas to their websites. At least according to this Google search... https://www.google.com/search?q=ozolio+inc
Note that Bloomberg says that Ozolio is a private company, still in Hawaii. But it looks like this is what's left of CodeRebel - and I'm guessing here, that Ozolio was totally funded by CodeRebel's IPO and subsequent dilution to triple-oh-zip. I would be very curious to know who owned the space CodeRebel occupied, and if they paid rent, who they paid it to. I would bet that they leased their computers too, from the same person.
Just for fun, here is what ETrade reports as the "current" 4 large block shareholders of CodeRebel:
Name-Shares Held--Position Value---% of Total
Holdings----Outstanding Shares Owned
Bykov (Volodymyr) - 1.5 M--$4.2 M---34.54----3,053,956.83%
Canton (James) - 375.0 K--$1.1 M---8.64----763,489.21%
Kryeziu (Arben) - 1.8 M--$5.1 M---41.45----3,664,748.20%
Moreno (Thomas M) - 667.5 K--$1.9 M---15.37----1,359,033.09%
Bottom line - (and I know, this isn't exactly "news" to anyone here before me, this is for anyone coming in after me, wondering if CodeRebel might be a Phoenix someday...) there seems to be absolutely nothing left of CodeRebel, and most importantly, there is no apparent intent whatsoever by management to ever operate CodeRebel as a going concern or generate any value for shareholders.
Wow - yes, I can see that! Thank you!
HEY! Is Canoe Pool a "pool" like Slush Pool is? Because to me, "pool" means "manage a site that people log on to and contribute THEIR personal mining capacity - the pool owner collects a percentage of everything mined on the member machines AND earns its own coin on its own miners.
The reason that I would contribute my miner (if I had one) to a pool's shared workload is, instead of hoping to get lucky on a sporadic basis, I can help the pool get lucky on a consistent basis and share the reward whether it was earned on my machine or another one in the pool.
If Canoe IS a "pool", then their dozen-to-start miners are just the tip of the SANP iceberg.
I said "tomorrow", not "today", expressing my confident belief in a MAJOR run tomorrow. But.. to "make a millionaire" - technically speaking - SANP just has to push someone's net worth from $990,000 to $1,010,000. Less actually...
GLTA
@Liam00 - thanks again! You wrote that when SANP hit $0.0008. I hope you hung on to some of that!
Sorry about your luck today - "standout companies continue to post gains" (according to the news post above), but y'all gave back yesterday's 3% and then some. Meanwhile, Santo Clause added another 30% today and put a 13 bagger under my tree.....
On the bright side, once you guys get some real mining equipment (and I don't mean the $20k, 66TH/s system built with obsolete S7 rigs that you have now..) once that happens (oh.. has there been an announcement of a purchase order or a timetable for deployment? Didn't think so..) .. once you get to mining, you'll see whole dollar prices, I'm sure.
I'll be waiting to buy you a drink on some sunny Caribbean beach when you get there...
BITCF was halted once for running too hard.. the SEC wanted to make sure there hadn't been any misrepresentation (and probably wanted to save the MMs). Only chance I see for a SANP halt is in that category - too many instant millionaires made tomorrow....
Bumping my post on "FOBM" (Fear Of Big Money) - the "Casino Gambling for the Winner" author gave his theory about "why" so many would limit their exposure to hot streaks but compound their losses... He suggested that people are taught that money is "dirty", and when the house "cleans them out", they feel "clean"...
I'm no psychologist, I can't evaluate the merit of his claim... I'm just saying, tomorrow, don't be afraid to win! SHARE HOLDERS CONTROL the share price by deciding what we want to sell ours at. Most of us should either be long-term holders who have already banked enough profit that we're taking a free ride tomorrow, or newcomers who haven't had time to "bet the farm" on a millipenny stock. So, most of us should be in a position where we won't be hurt by any outcome tomorrow.
For those who "borrowed" their mortgage budget to jump in: go ahead and sell just enough that you can join those of us who are "green at any price" without being hurt. Those of us who are already, irreversibly green - we should hold out for a multibagger tomorrow!
I have limit orders set already on ALL my shares - I'll let a 10% slice go at $0.10, another 40% at $0.25 and the rest of my pie carries a $1 price tag - because I don't want to sell them. I do this so my broker can't loan my shares to shorts. If you join me in this practice, the shorts will have less power to hold back the run. I would love to see the SEC halt trading at $2!
I have half a million shares that will sell green at any price. I do not have to sell, and I do not want to. 0.0040 would not buy my shares today!
Am I correct, a 0.00249 trade price can't come from retail investors, it has to be one of the MMs covering a short or something like that? SQUEEZE THEIR SHORTS, do not sell to 0.00**9 prices!
I SMELL WET PAINT! Someone put up a 0024 ask, hoping to trigger the panic sell off. DONT BE SUCKERED! With game-changing news coming tomorrow, today is NO TIME to panic!
Bid counts stacking faster at 0025 than they did at 0023 - this thing has LEGS!
0025! Now the 25 million bids waiting at the back of the '23 line, have a chance to be in front of the '24 line, or they could just buy shares at the ask...
You 0024 sellers will sell out, next 10MM buyers will bid up... HOLD, like the girl who frustrated you on prom nite, don't be the girl everyone teases tomorrow for giving it up too easy!