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Thank you for your reply. I'm aiming to start selling some this week. I sold a lot of stock that wasn't going to go anywhere right away to catch these on the way up. I'm going to concentrate on 4 of the 17, one for the long term, and the other 3 I believe still have decent legs to run. I've had 30 diff stocks recently, it's good to have different sectors. Thanks again.
Actually, there are 322 million shares right now. I did sell some, but bought some of that back. Market cap is good comparatively. Added more today. I'll probably add more to $4, and probably add more till $5. Beyond that, not sure. I'm dangling 17 bitcoin miner stocks, sometimes hard to find right balance. Take care.
And I said BITF registered to sell $300 million of shares. I sold some, but bought some of them back. They're due to get out of debt, next quarter, I believe. Cheaper market cap than MARA, RIOT, CLSK, and maybe a few others.
Don't laugh at my error. LOL I did transfer to other bitcoin miner stocks. I still have 17 different ones. Almost my whole portfolio, about 95%, is in miner stocks. But carry the ANY banner for me. LOL Take care.
Yes, ANY. But BITF has a registration to sell $300,000,000 more share.
Look at their registration/prospectus, big dilution coming, I got out.
They didn't list BTDR, and if APLD is in there, maybe SLNH should be too. But good post.
Pre-combo, Hut had 200 mill shares, and USTBC was supposed to get 50 mil for a total of 250 mill. Well, USTBC management cashed in warrants for a total for both companies 440 million. This really soured me. Yes, HUT has decent amount of HODL bitcoins, and HUT 8 has tons of MW. But they're not producing a lot of coins per month, and USBTC doesn't have the Celsius contract anymore. I sold off my HUT, may buy back in, but buying the others. BITF I like the most, RIOT is going to add tons of EH, CLSK and MARA have a lot of EH and are adding more.
Could you explain this or fill in the blanks?
Not sure, but he might have sold the 3 high, and bought the 9 low. But I don't understand, don't they have just 9 million outstanding?
Another thing I don't like - Stu gave himself 2.7 million preferred shares. Why so many? Seems like that legally skirts the 4 billion authorized share limit.
I'm not a bear on this, but have a lot of bearish views. Besides the unaudited finances, we were promised a new website in July (2022).
I agree 100% - AUDITED FINANCIALS
Haven't been adding due to lack of news, this seems decent. TY
The more that the naysayers keep going on and on, makes me think someone knows certain positive workings going on, and want to keep accumulating. I've seen it before. Now, you tell me, are naysayers trying to warn us? I've bought a few stinkers before, made my comments, then moved on. I didn't keep going on and on. Why would they warn us so much, are they that good-hearted?
Quiet, I can't hear those 2 talking. LOL
Thank you. I will go to that site to find out about the court proceedings. Thanks again.
4 billion shares X your .018 avg. would be a $72 million market cap. All of these things would have to go right - the new CEO, Dubai deals, new web page, stock buybacks, solid proof of news, and more. If I see REAL changes, I might start buying a little if it starts going up, to bring my .015 avg. down, but it has to be REAL news. Take care.
I don't know what his recent criminal record is, but maybe he's trying to be legit, I can't say. BUT doesn't Minerset hold the equivalent of 18 million shares? To me, seems like that merger is a fair possibility.
Here is my 2 cents worth, which is about what my 2 million shares are worth. I'm holding on to my shares, if they go bankrupt, I'll have $0. I have a break even of .015, which is light years away. But I've seen people like ChineseDemainAlum bash other stocks constantly, and then wow, all of a sudden it shoots up. Sometimes those people have thorough knowledge of the company, and bring the price down to keep buying it. I've had "turd" stocks before, but after I took my losses and got out, I didn't post 10 negatives a week to "warn" others. Does that apply here?
Anyone hear any update on the Minerset merge?
Did they settle on an auditor yet? That would help alot.
We shouldn't sell. Heck, that's almost our market cap. If we combine with Minerset, let's enjoy the ride.
Thank you
Thank you
Yeah, but that's "only" 400,000,000 shares at today's price. "Only" I'm glad you posted this, Demain. Upon reading that, I found this too - on 3/06/23, Stu got 37,000,000 shares as a management fee. So they "only" have to raise the authorized to "only" 4.5 billion. Heck, they can do that standing on their heads.
Does anyone know how many common shares the 32 million preferred shares can be exchanged for, or is it just votes?
Maybe not selling a lot of product, but selling some. Also, Stu mentioned a possible dividend. That could come into play IF there are decent revenues, $400,000 would be a .0001, and for Stu's common shares, that would be $20,000 (each quarter maybe?) And for us, each 1 million shares would be $100.00
Ok, Stu, time to cut the crap. First, get the new website out !!! WE NEED THE AUDIT NOW TOO. Now would be the time to buyback shares, but at this point I don't see it happening. I have 2 million shares with a .015 breakeven. I'M STARTING TO THINK THIS IS A SHAM.
Was your letter a replay? Talking about 2021 financials coming out in 2022. Also, you didn't mention the Dubai deal(s). And I'm going to post something you didn't mention here (heck, maybe more than one)
50,000,000 more shares added to the outstanding. We are less than 5 million shares away from the authorized limit.
Answers would help a lot, but no answers - SMH. But hoping things are being done, even with no promos. But...
Yes they are. Hmmm, I wonder if any of the bearish are buying.
Thank you
Thanks for the info
Does anyone know the previous share count? TY
He's blaming Stu for something the regulatory boards were supposed to monitor.
But it is in the disclosure section.
I agree, there could be problems with this.
I hope I'll get to see the replay without jumping through a bunch of hoops. Thanks for posting.