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Bitcoin tumbled back and that's a good enough reason to put the screws to the share price. My guess is the S/P is going to stay low until certain players get in. Then it will be cut loose. It's a guessing game as to where the bottom is. I'll average down but not yet.
With BTC over 12K now we should be over $12/share IMO. But Riot blew it with their financing announcement. Or maybe that is a bit of fake news to drive the price down. Whatever it is, this is an anchor holding this boat in harbour. The company has to clarify what they are intending to do. As it is now, dilution prospects are scaring people away. If their mining rewards are exceptional maybe that financing can be put on hold. If so, this will blast upwards as you hint at. GLA
Looks like this is being stepped on ! Or it is totally disconnected to BTC since the last financial release and that news that they are going sell shares. Once they announced that offering, the sharks started to circle. Sure these guys will buy some shares but they want them at a cheap price. If the company has to go along with that, the dilution hits but maybe not so much now. Depends on their mining operation profits from BTC. Bitcoin is way above the cost of mining so the books must look better by the day. GLA.
BIG NEWS OUT !! Second quarter results going to be larger than estimates. Premarket price up to $3 already. This might explain better we had the dump in price. IMO, inside news of this must have leaked. Fake news article hit and banged down the price to make cheap shares available. When big money can be made the money sharks swim in. GLE. Hang in for the long ride.
Huge trading at the end of the day, at 16:00:06 . Price : $2.61. Millions crossed by the looks of it. This is for whom ? Maybe this is the reason for CTO ? News should follow maybe ?
Back in the green and on the way back to the where it was yesterday before the fake news came out. Management will hopefully take note of what happened but then again, maybe this drop created some great buying opportunities for them ! WE are but pawns aren't we.
Thanks for the link. So as a well known person in the US is always saying. Fake News ! Once again, untouchable "news" to manipulate shareholders to panic and then cover the shorts.
Perhaps the recent CTO is to allow a delay of information until the next financials where backlog totals will be better described, verified and sorted as well as any new contracts. Since that CTO, Teum has only released very basic news, nothing on new contracts at all.
We might see another bounce up.
Will take a better look at PAYS now. Thx.
Still wondering how ALL IN called this drop in TEUM ! Has it bottomed yet ?
Sure looks that way. Should be up a buck today minimum ! Being anchored down for some pending share deal maybe. Buyers want to get in cheap. Let's hope Riot sells sparingly.
Is this the reason they took out the CTO a month ago ? The real story is getting out. Already down a lot from the $5 so more to come ? ALL IN was right ! How did he know ?
Bitcoin is going nuts. Riot is not. ??? Maybe the next financials will add some shine back to it.
If RIOT management had not announced that offering to sell shares, this share price would be way, way up now. Do they have to offer stock anymore to stay alive ? We should be at $10 easy but maybe some don't want that …... yet ?
Yeah ! Still way under valued IMO. Might go a bit crazy later if volume was like yesterday. If the company holds off diluting us now, or by very little, it should be a great ride. The cost of mining is a bit less than $4.5k a coin I think so since the financials last quarter, the profit side must be going green. If enough, no need to dilute. Riot directors are shareholders too so they don't want to see dilution either. They were covering their a$$ when they requested clearance to sell shares. Let's see $5 today ?! GL
Or a lot more ! The table has turned. First quarter financials were from when BTC was below the profitable mining threshold. BTC is way above that now and seems destined to keep making gains. The company is only going to dilute shareholders if it has to do so and perhaps it's not necessary as it stands now. Crazy upside possible here. GLTA
Bitcoin price is double that when first quarter results released. Way above mining cost but this all means nada it seems. Riot management need to get on with it. Sell some shares to keep it afloat if they have to or tell us something, if anyone is still home. If they are still mining there should be a profit not loss in this coming quarter. And if BTC keeps on with the trend, even better.
Amazing climb out of the weeds. Way back into the profitable mining realm so if Riot has managed to get through the down times and BTC stays up, the company might actually survive and not need to dilute the share float by much. We could see this pop on Monday if the BTC price holds after the weekend. GLTYA
Yes. I now about the offering release but it was for permission to sell UP TO 100 million shares. How many shares will actually be sold is unknown. Hopefully none now. It could be a small amount but the 100 million number scared the s**t out everyone.
I suspect that the company is holding off selling shares because since then, Bitcoin has gone up dramatically. Mining profit will be substantially more these days to offset costs. Ideally they won't need to release any new shares especially if they can keep their running expenses low and that means directors tightening their belts too.
Bitcoin looks like it is set to go through $10K in the near future and we could see it back at $20k before the end of the year. If RIOT can hold off on any share release and if they said that in a news release, this will explode ! They need to put some confidence back to the shareholders and stop ignoring them. GLE
I would love that to happen. Riot needs to scrub some skid marks made by past management though. Clean them up and give us some positive news. The share price should already be over $10 !
Not sure the price of BTC means anything now. Riot management need to say something positive if this is to reconnect to Bitcoin. If they are still mining then surely they are making much better coin since BTC was $3500 !
Thanks for that information. Looks like what happened is pseudo legal manipulation. Publish dodgy info and scare investors while making sure to be holding a short position beforehand. Be interesting to see who was shorting just before this report was made public ?
It's this stuff that hurts investment. I am also still thinking that bigger investors interested in making much more from TEUM wanted this lower or perhaps things like options pricing or a block of shares to someone special. It seems that it is quite easy to bash a price down if you have the help from the likes of Aurelius or even Seeking Alpha. GLE
My take on this is it's orchestrated. News is not being released like before the CTO release. In my opinion, apathy from no news and MM's are walking this down to prepare for something we can only speculate about. The big players always want the best deal possible and then make the most possible and they have the clout to make it happen. I'm in for the ups and downs and if it does suddenly tank, I'll pick up more. This trade war stuff is also creating havoc for now. GLTA
Here is a link about TEUM. Wall Street still very bullish about it. Something is going on behind the scenes IMO so no way I would sell and hope to get back in at $2.50. Not worth the chance. I'm staying put.
https://www.smarteranalyst.com/analyst-insights/wall-street-remains-strongly-bullish-on-parateum-teum-stock/
Sure been pushed down since the Nasdaq bell ringing. Trade tariffs news not helping either. I would not be surprised to learn that some options prices for some new players have been set during this drop. Company keeping quiet too so all this has created a new buy opportunity but where is the new bottom ?
I think that's the plan. Milk out all the stock possible especially if there is something awesome coming down the news pipe. The share price over the last 3 months has built a nice solid base.
My guess is some major players want this back down for a better options or buy price. Something to do with the CTO perhaps. Could bounce back up quickly. Long term nothing has changed.
Pre-market shake out. Ring that bell !
This is disconnected from the BTC price. MM's probably pushing it down to get cheap financing shares. Company needs to tell us some good news before I see this moving up to where is should be right now. I would have thought with BTC over $8600 we'd be over $10/share now. Might still happen if they don't dilute us down the plug hole.
Yes. They can sell more shares UP TO $100,000,000 worth but how many they sell should be less as Bitcoin rises. The price is way up and is now well above the cost of mining. If BTC stays and rises more, Riot might not dilute this so much. As for the legal things going on, they are against previous executives not the company. GLA
Parateum boss gets to ring the Nasdaq opening bell next Wednesday ! Is this the real reason for the CTO ? Or is something going to be announced in the meeting on the previous day ? It's all rather mysterious.
Back to the cloud tops. Bitcoin correction ? Waiting game now for the CTO reveal which could be next Tuesday. How long can a CTO be left open ?
From what I see, this is not news as such. TEUM simply filed the CTO with SEC. Insiders and certain SEC people know the reason of course. By the upward tick I suspect it is something good. Glad to be holding.
Interesting. CTO filed with SEC 10 minutes before close yesterday. I wonder what they want kept confidential ? Buying another company or is Teum a target ? Check out mrdecember123 post for info about CTO.
Low volume day and holding well. A nice base for a move upwards on good news. MM's will move it when ready. GLTA
Not performing well since financials and other recent news hit. The timing was not good. BTC starts rocketing upwards afterwards and RIOT is barely moving compared to the last BTC boom. The company needs to put out some good news if there is any.
I wonder if the looming China/US trade war is banging this and lots of others down ? Good news just getting stepped on for now but that will only create a big upturn once the shoe is pushed out of the way. Not selling. Waiting for the double digits. GLTYA.
Drop could have something to do with Seeking Alpha article about news release. Sowed the seed of doubt in the backlog of $938 million becoming reality. Those guys are great at hammering stuff down to create bargains. Long term I see no change in upside so I will stay put. GLTYA.
Seems like a daily shake out lately. The worried sell. First quarter results on May 7. Bit of a waiting game until then.
The Seeking Alpha article could be the trigger for this pull back. It focused on the short term and has created buying opportunities for those who can see farther ahead. I don't think we've seen the big money step in yet. They are waiting for the sure thing ride and don't mind paying for that. GLA
Yes. Quiet here now. TEUM is holding nicely with low volume. Another step on the staircase is how I see it. Great time to accumulate if you want an investment. If the big players think the same we should all do very well imo. GLTYA.
Not much point in pumping this stock. Float is too large. Great investment IMO though for long term and I think it is going to be a step by step rise letting support follow. GLTYA.