With the r/s complete and almost debt free, even though BTCS is only a shell, it's valuation here is attractive for a possible RTO somewhere down the line. If you take in comparison its sister company BTSC, with a market cap of ~30m (debt not included), BTCS at barely 4m looks very good. I see some type of deal maybe late this year and possibly very likely in early 2020.

Excellent news with the Taxi contract, it should give the stock a nice boost to around $2 at least. Though the stock hasnt done much in the last few months, one thing you can't do is fault these guys for at least trying to get things moving. It seems Idex is making all the right moves and it will be only a matter of time & patience to reap the rewards. Hopefully they will come through with most of the promises made and contracts negotiated along with some resolution in the China-US trade war which is impacting the stock somewhat.

Excellent move, very smart on the part of Idex mgmt. This strategic purchase will shoot the stock to over $5 in the next few months. Along with other positive events like the Chinese bus financing.

Excellent news that Mr.Wu is back with the company, very positive indeed. I expect A LOT of very positive events and news in the the few weeks for the company going forward. Expect some significant progress/news on the Chinese electric bus financing and hopefully closing of the deal. This event along with any significant progress on the US-China trade deal talks will send the stock price soaring. Just the thought of any positive outcome/deal from the Chinese-Us talks and deadline of March 1 will at minimum triple the stock price from current levels.

I don't see any news or filing that mentions this financing/dilution or other. If this is true, can you post the source. I can't find anything on the 50m+ at 0.48. you state.

Cannot understand why people are still holding on to this and hoping. Prayers and hope will not save you or your investment, only the facts will. I think it's abundantly clear that there's absolutely no chance to recover anything for current investors under these circumstances. You will get completely wiped out when the RS hits. Just to give you an idea of how bad the situation is by looking around and gauging market sentiment. The overall markets are skittish and sensitive to almost any negative news locally or globally. The crypto market is in the dumps and is going to take at least another year to recover, at best. Many big miners that were profitable in the past have either shutdown, gone under or mining at a huge losses. I suspect that TFVR has either partially shutdown operations or taking big losses to cover overhead costs. As i predicted would happen when they went down this path and started mining, there is no plan B here folks. Not for current investors anyway. TFVR and team have to come up with 1 about million to cover loans, conversions and all in the next few months. When that stuff hits the fan you don't want to be holding the stock. I don't know what people don't understand what is meant by having to come with that much money when your company is barely worth $500,000 and the stock is at 0.002. Do the math folks, i hate to see people lose money. If there was some chance of recovery through a deal or such, i would mention it but there isn't. Even the most optimistic option of maybe going to weed through and some type of RTO would be like a RS of some sort for current investors because of the large amount of o/s. Maybe not as bad of whats coming but still not good for s/h. Get out while you still can, it might be your last chance to get out with at least something.

Unfortunately, I can partially confirm what Dijibu has stated. The RS will much more than what investors were expecting and it will come quickly and unexpectedly. How do I know? Well, through a large network of friends and acquaintances of trying to get some information after the company went dark, I was informed of the following. The initial plan was to do a RS in the range of 30 to 50 to 1. But then everything changed. Don't ask me why I don't know. Now, like I said this info/rumours is through several layers, so take it with a grain of salt. The plan now is a massive 100 to 1 reverse where after completed massive dumping/dilution will commence to raise funds to repay creditors to the tune of in the millions. My understanding was at least 1-2 million was needed. Well folks, if any of this is true or close to accurate, current investors are completely wiped out. Like I mentioned in the past. This is just as bad as going bankrupt as there is no hope to recover anything under these circumstances. Actually, bankruptcy might actually be better because it might prevent him from repeating this garbage again to other unsuspecting investors. Hope this helps some of you and good luck to everyone.

Sad to see it has come to this and see soo many novice/illogical investors lose so much money. All the warning signs and red flags were there but many refused to see it or acknowledge them. Like the saying goes, we are all responsible for actions and there is no to blame but ourselves. Luckily I almost completely sold out many moons ago and my losses are minimal, but not so many here were that fortunate. At this point, there aren't many options and practically all (except one) don't offer a nice ending. I was trying to warn people from the beginning that it was lunacy to go into crypto mining with the plan Read had in place... only to have my posts censored. It was evident from the start that they weren't going to survive even with the crypto market not collapsing. At this point, there are only three options. The first is massive dilution (which I also warned about) which would practically wipe out current investors. I estimate they would need to dilute another 500m. Of course that's AFTER a reverse of at least 10 to 1 and on top of the existing 250mm. The second one is chapter 11/12 bankruptcy, you all know the end result of that. The last option is to find another business model and secure financing. Forget about trying to hold on to the hope that crypto's will come back anytime soon and even if they do, there's not enough time and Read's company is not competitive to mine profitably.

Coming back to the last option. Someone should get the word to that fool Read NOT to sell the VR business (if that's still possible) and focus on that instead. See the above article of why I say that.

"VR blockchain startup founded by Second Life co-creator raises $35M"

I was thinking the same thing, something doesn't add up here. I believe there are several factors that contributed to the steep drop here and it has nothing to do with sales or revenue side. The company got hit with a triple whammy and bad timing. First, whenever a quarter report starts off with "we will not meet our estimates" whether true or not, will definitely have a negative impact on the stock, short-term. Also, they indicated that the main guy is leaving and probably has to offload stock for "conflict of interest" reasons. Secondly, the general market tanked bigtime, that doesn't help and invites shorts to the party. Thirdly, being a blockchain/ai company they're indirectly linked to Bitcoin and the cryptos and they also took a bit hit the same day. Triple or more exactly quadruple whammy. You can also thrown in some surgical manipulation in there and voila you have yesterdays resulting stock price. Imo, for the sales and revenue they generate, the drop was way overdone and the stock is way undervalued. Seven cloud or now Idex is one of the better junior blockchain/ai plays and should trade a lot higher if the general market co-operates and doesn't crumble.

Good luck

Repost. Due to the events of yesterday and because of the number people asking for the contents of what I had posted, I have decided to repost the entire article. Though I would have preferred that the mod who removed the post initially would reinstate it, I knew that would probably never happen. Therefore, I thought it was essential and important enough for people to be informed for me to repost. For those asking, this was removed under the tag of "off topic" by a mod or a mod connected to ihub. In essence, someone on this board who has the ability/power who got upset (using term mildly here) off at what I had posted. AS you can see, there isn't anything "off topic" about this post. For those asking questions on board or privately, please note that I will not respond because I do not have the ability to do so privately and will not on this board. This will be my last post on here. Good luck to everyone.


"OOOhhh Boy.....I wish this wasn't going to happen, but it did. It seems with this update on operations, these guys are going full retard into mining. A few months ago, I was willing to take a risk and really hoping that I would pick (with some luck) a shell that would do the smart thing and go blockchain. Unfortunately, that is no longer the case and no longer possible with this investment here. In my mind and with the current decisions the company has made, it seems these guys are taking the easy way out for themselves and NOT in the best interests for current investors long term. Like I said in the past, crypto mining should have been the furthest thing, the absolute last option really for this company. I really believe that they don't know what they are doing and have no idea how to turn the company around.

Since it is now evident that any blockchain option is absolutely dead and it has gone completely as a crypto miner, a major revaluation for the company is needed here. Before I state my valuations, I still can't comprehend why if this was the case all along, they chose the most unhospitable place to set up operations. The US (especially their location) is probably one of the worst place they could have picked in terms of energy costs, temperature and legal jurisdiction. I still can't make heads or tails about it, the only explanation is that these guys are probably not that versed in crypto mining operations or some other ulterior motive. With the small amount miners they have and the location they have chosen, they will not be able to compete wit the big guys and energy costs will eventually kill them.

Therefore, based on the number of machines, hash power, location, share structure and comparable companies, Teraforge is fully valued at ~1 cent. Anything over one penny is considered grossly overvalued and should be sold imo. The company can enhance its value further by either cutting energy costs, adding many more machines or hash power or Bitcoin goes up substantially. As the price of Bitcoin is out of the hands of crypto miners and energy contracts are usually locked in for long term periods, they are only left with add more machines. Unfortunately, purchasing more miners requires capital they don't have and thus that nasty problem of major dilution returns and will remain for the foreseeable future.

Because of these events, I will be looking to dispose of my complete investment here soon. In all honesty, if people are looking for crypto miners (which I am not) there are better choices, much better investments with much lower risk than Timefire/Teraforge. Best luck to all."

whomever of the moderators had the bright insight to remove my post today because you don't agree with my opinion, please be advised you are not hurting me but you are doing a great disservice to the many other investors here. I was under the impression that was a pretty opened board with varying opinions being considered and discussed. There are many novice investors on here who are either fairly new to the market or to crypto in general and removing not so rosy posts like mine will only hurt them in the process. Having it flagged and removed under the gist of "off topic" is short sighted at best and pure censorship at its very worst. Therefore, I suggest/advise you to reinstate that post so that others may benefit from it content and let them make up their own mind whether to include it or discard it in their decision making.

Remember friend, once we go down the rabbit hole of complete and utter censorship with those in power and those that do not. It wil bo only a matter of time before you will find yourself in the very position I am today. Good luck to all.

A few comments regarding the recent board discussions. First, I agree with the poster who said chart analysis is useless here. As there are just too many uncertain factors and massive manipulation at play with penny stocks (let alone sub penny), trying to use charting to predict some sort of trend or direction is fruitless at best. Secondly, with regards to the topic of dilution and whether it is coming to an end or not. Imo, investors should trend carefully here and not jump the gun too quickly that this massive dilution is done. I've taken the time to run so numbers and things don't look good going forward for CURRENT holders. Since January, the company has added ~120m in about 6 months, that's a massive amount in a very short period. In my calculations, that dilution at an average price of about 0.015 has brought in ~1.8m gross at best. After fees and salaries are paid and before debt reduction & investments maybe about 1.5m. Also, please keep in mind that around feb-mar when certain financials were released, they still had just under 1m in debt. In addition, after some loan agreements with the lenders and some debt restructuring they have about just under a million in bank (money that was lent) and 1,8m in debt due. So basically, all that dilution that was done up to about March was to settle some OLD debt.

So where do we go from here? Well, since I don't consider cash in the bank as having any real value because the majority of it will be used for various expenses like salaries, general overhead and such....so what's left? Three things. The cryptogram (if there's any value there) investment which requires more investment to move forward, the mining operation which requires more money to setup/sustain and the 2m+ debt coming due next year. Considering all these factors, I'm not exactly sure HOW people think that dilution is done or even close to done....imo a lot more is probably coming. In my estimation they will need to dilute another ~250m at ~1 cent or do a reverse and dilute more from there. Imo, I don't think anyone or any lender is going to lend them anymore money under the current financial stress.

Imo, I still think that the best solution for the company and for current holders is to completely stop all dilutive efforts and search for some private blockchain entity and do a reverse merger. The current path they are on will only destroy whatever value is left for current holders and we will be diluted to practically nothing. At this moment, even the stock is unable to absorb this level of dilution. There is practically no interest from any new investors and nearly all new buying is from current holders who are probably all underwater. It seems to me that the company is just dumping massive amounts of stock on the open market at any price.

If anyone on this board has a different view and sees some way out for the company please share your thoughts. I'm sure many investors here would like more input so they can make more informed decisions with regards to their investment here. Good luck to all.

I hope that i'm wrong, but in light of what has taken place recently and the direction management has taken with regards to company finances including its stock, this will eventually lead to a probable reverse split. It seems evident to me that whoever is in charge here, is intent to completely dilute the company's stock and current holders to no end. The massive dilution that has taken place (and still is) is relentless and bottomless with no end in sight nor with any clear plans in place to deal with it. It seems the only plan here is to dilute as much stock as possible into the open market regardless of the consequences on current holders. At this point, they will need to sell tens of millions of shares constantly to come up with any meaningful amounts of cash. Sadly, it seems that is exactly what is happening in the last few months. From my past experience with similar situations and at this rate of dilution they will double o/s shares by end of June. It is at this point I believe that they will attempt to covertly implement a reverse in the range of 15-30 to 1. Then rinse and repeat the process. Like I mentioned, I hope i'm wrong but I don't see how anyone cannot make that assumption or rule it out completely with the path the company has chosen. Good luck to all.

A few thoughts here. I agree with most of what Investor2004 has stated and his concerns regarding the current status of the company. I'll just interject a few of my own. The reality is that we (I assume most people here) knew from the start that this was a high risk speculative play at best. The company was in really bad shape before the transition and probably headed towards bankruptcy. My beef really, was the way the company handled public/shareholder communication and the direction it has taken. With regards to investor relations, there wasn't any period, really non existent. As for the direction of the company, I must say i'm VERY disappointed. I fully realize that they NEED financing/money to move on and must get their books in order to fully realize their plans BUT they could have chosen something more....lets say...better or more feasible. Crypto mining should have been the furthest thing from their minds at this point, especially with the current state of mining. To be honest, I thought maybe these guys were a lot smarter and maybe headed into something related to blockchain apps after announcing the Cyptogramm investment. I guess I assumed too much.

In any case, i'm not too sure what the logic or the thinking is here to venture into Crypto mining as it is very crowded and not very profitable at this time. It will most likely take at least a year, possibly more before they are generating any type of revenue and maybe two before being profitable, if at all and depending on costs. As others have stated quite clearly, the location they've chosen is horrible and quite possibly one of worst in terms of energy needs and jurisdiction. Unless they have guaranteed or locked in longterm energy contracts of less than .06/kw, i don't see what the logic is here. With all the hype, inflows of money into this sector and the numerous options they have, especially with blockchain apps, that they chose mining is disheartening. At worst, if financing was a problem, they could have done an RTO and made a deal with any private blockchain firm wanting to go public with some exposure to the US market. Anyway, I could go on but ill stop here. In the end, I think our only hope here is that old adage, "all tides lifts ALL boats" and maybe some of us can salvage something from this when that tide comes back. Good luck to all.

This stock should be up big, considering the overall crypto-bc market today. It seems this always keeps playing the same tune for the last few months with this stock, almost like a broken record. Imo, every time there's a positive market with strength THEY dilute cheap stock into it and crush any rise. I've noticed the same thing with any type of news coming from the company. They purposely release positive news when they can, not for the benefit of s/h but so they can dilute more stock into any strength in the stock price. They are not letting the stock breathe one bit, it's unfortunate. Although this is still a speculative shell play atm and we all are aware of the risks involved, the longer this drags on with no plan, the more dilution will become a bigger problem. Hopefully any talk of reverse splits as only recourse is still off the books but will not be surprised if it will be considered at some point down the line. Good luck to all

I took a position here. Seems way oversold, even with regards to delisting off main board. This should really be trading at least around $2, probably a lot more with the moves they made. If you take a look deeper at what they trying to do and what they still have, it demands a higher stock price. After pivoting into blockchain, they've managed a couple of minority stakes into financial related BC applications. If they are able to consummate a RTO with either STater or Hashcove or some other BC related private firm in conjunction with the overall bc hype coming back, this could really take off. With the low float and little debt with the different options they can take, seems like a no brainer at this price. And they still have the Long island ice tea brand (business)which they will probable spin off. Good luck to all.