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Sadly, the stock stopped trading and not a word from Seth regarding what happened. How can the SEC allow such a fraud to happen? I understand completely that a penny stock is a huge gamble, but we at least deserve a detailed explanation why our investments and trust in him has failed and an explanation has been NIL!
I am shocked seeing LCID lower than FSR today but I believe both of these EV companies will become very good success stories in the years to come. Look at Tesla PPS, they are also down big time this year and they're the stalwart in the market. I believe if you have money to invest buy some more and stash it away for a year. The volatility is just crazy these last few months to watch it every day. My prediction is LCID will become a huge competitor to tesla and FSR will be the leader for the entry level EV buyers who can't spend 6 figures on a car . Happy Holidays to all. Patience in these companies will pay off big time in the years to come. IMHO!
I also voted NO!
Thanks, urge2surge, I really had some high hopes for this company but seeing what has transpired the last year has just been very disappointing to say the least. My price point now is 0.85. If I trusted these guys, I would average down even more but they lost all my faith in them. I now hold and hope it won't get delisted. I won't chase a falling knife again. I have to say you have been a beacon of light. Your posts have been very informative, fair and without any bias. I thank you and appreciate reading your thoughts. Hopefully we can be proven wrong, and our investment here pays off.
Stay well!!
Complete and utter BS from Todd. Now they are being investigated. Seems we were taken by another corrupt CEO!
Urge2....Whatever happened to the spinoff shares we were promised? Not very happy with these last 8 months of BS we've been fed!!
This isn't weakness, this is a debacle!!
Whatever his title is, his policies are the ones that dictate what the MM's can do. Are you saying that all share prices are solely moved by MM's and not by the actions of the company's leaders?
Appreciate the response but again I repeat myself, every one of those factors has done NOTHING for we the shareholders. I have also been in other investments where the CEO does what is supposedly good for the shareholders to only watch the PPS keep falling. I have a lot of NILE and will stick with it to see if/when the Crypto turns around NILE does also.
Thanks
Agree for the most part, where we differ is when we are promised a dividend/ spinoff and its not followed through with or any updates on why it hasn't happened is where I find serious fault in his leadership
Swansong99, I hope you're correct but there is no reason why he hasn't issued our dividend spinoff that was promised months ago. If the preferred stock issuance helps him deliver that, I will stand corrected. GLTA!!
....and why then is the stock tanking??
The CEO should join the Biden Administration. He's also doing a great job ruining something that could be a good and prosperous investment..
and the bleeding continues!!!
swansong99, all you need to do is go back and review my previous posts here. I am in no way a basher. I call it like I see it and what I see and have seen this last year is all BS and fluff. If I am a basher, could it be you're a pump and dumper??
Whatever he's done it's not in any way helping the shareholders. Nothing worse than empty promises to sour any good sentiment for his leadership. It's pretty simple......SHOW ME THE MONEY........ MY MONEY!!!
Urge2surge, I am also starting to really dislike this stock. Positive PRs and we gone down, market way up today and we go down. No word on the promised spinoff dividends but creates a preferred stock for everyone else. Not very positive at all with this company anymore!!
Urge2surge, I am also starting to really dislike this stock. Positive PRs and we gone down, market way up today and we go down. No word on the promised spinoff dividends but creates a preferred stock for everyone else. Not very positive at all with this company anymore!!
Finally looks like we are going to keep moving up. We need much more volume!!! GLTA!
There are multiple law firms filing class action suits against LCID
I am sure IF apple was going to choose LCID as the car maker they will wait for all these dead beat lawyers and lawsuits to finalize. I'm sure they wouldn't partner with any company who could be found guilty of manipulating their share price.
Wow, what a fiasco! What the heck happened??Zero guidance on the spinoff, seems these "good PR's are all BS? Very disappointing.... doesn't' seem like corporate gives a darn about it's investors!
We can only hope. We need the Ukrainian war to end fast because the instability in the market hurts all stocks!!
I Agree with you, that's why I asked jdheart what he "saw" about a potential AAPL deal or was it just speculation
jdheart, did you mean "HOPE BIG NEWS IS COMING WITH AAPL" If you meant 'SEE" please show me where you see that?
From your fingertips to GODS'S ears my friend!
One can only wish for that to happen here!
We are both on the same page. The two variables you mentioned "stagnating economy" that should be thriving after coming out of the COVID lock downs and "hyper-inflation" caused by the massive government spending are consequences that could have been avoided by a more competent administration. But no need to worry because after Kamala comes back from Poland and showing them how she secured our borders we should be fine....lol
Something's up finally, We have volume and up today over 18%. Hopefully we hold these gains today and continue on tomorrow. Hopefully some good news coming out soon!!
Here are some of Biden's oil and gas killing bans. It started from the Keystone pipeline day one shut down to banning any more gas and oil exploration in Alaska. We were a net exporter of oil under the former administration and now are buying oil from Russia, OPEC and now maybe Iran and Venezuela? Total lunacy when we could open up all the land reserves and find and extract oil and gas safer and cleaner than any of those other countries. The environmentalists have totally taken over the democrat party and have just destroyed our economy. I'll take angry tweets over sweet mumbling words any day. Sorry to get political! BOTH parties need to friggen wake up and understand they work for us "we the people" not the other way around.
I wouldn't say this PR is "fluff" it's actually very encouraging if they can pull it off.
I agree the dividend lack of news is baffling. I Still believe this will be a huge money maker for those that averaged down and held.
power11, I agree the sentiment today is bearish but don't agree the market is now a full-blown bear market. What I think will turn this around is that our Current administration comes to its senses and realizes that for now AMERICA needs to open up its oil production. EV may be the future but for now OIL is what we need to keep our economies growing and healthy. I believe the Ukrainians will eventually push back the Russians. If that happens and the Russian people see the truth, hopefully this madman can be overthrown by his own people. If that happens and we can keep the Chinese out of Taiwan we can go back to growing our and the world's economies!
No news but we're up over 6% and the market is still getting hammered. Hopefully the beginning of a move north?
....appreciate all the pervious posts but today we have this PR and the stock barely reacts. i understand all the Geo political concerns but war in Ukraine will not last very long. Hopefully NATO and the world will box Russia in and his people finally throw the idiot out. Bitcoin is here for probably for ever and if Bitnile can accomplish being a top 10 miner sub dollar is where it shouldn't be IMHO......
LAS VEGAS--(BUSINESS WIRE)--March 07, 2022--
BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company ("BitNile" or the "Company") today announced that it plans to expand the power capacity at its Michigan data center (the "Facility") to 300 megawatts ("MW"), which would enable Bitcoin mining operations at the Facility to operate approximately 90,000 Bitcoin miners. Upon the installation of the entirety of the approximately 90,000 Bitcoin miners, the Company's Bitcoin mining production capacity is anticipated to be approximately 12 exahash per second (EH/s), representing an estimated annualized Bitcoin mining production capacity of approximately 19,600 Bitcoin, or $779 million based on a Bitcoin market price of $41,000 and current market conditions, including a mining difficulty level of 27.55 trillion. The planned expansion of power capacity, if accomplished, would support the Company's goal to become one of the top ten publicly traded Bitcoin mining companies in the country.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220307005373/en/
BitNile, Inc. Bitcoin mining pods at Michigan Data Center (Photo: Business Wire)
The Company has entered into agreements to purchase Bitcoin mining equipment from Bitmain Technologies, Ltd. ("Bitmain") and currently has approximately 2,160 active S19j Pro Antminers at the Facility with 300 Bitcoin miners in transit and 18,140 Bitcoin miners on order with presently scheduled monthly deliveries from Bitmain through December 2022. The Facility comprises 617,000 square feet and was recently renovated to provide for a 30,000 square foot data center ("Data Center"). To date the Company has spent over $100 million on procuring mining equipment and upgrading the Data Center. The planned power expansion is part of a multi-year power agreement with a nuclear plant that provides power at a competitive rate for Bitcoin mining coupled with planned "green" alternative power sources. The Company has not yet entered into this power agreement but expects to do so in the near future. Actual energy delivered by the utility would, within 18 to 24 months, come from approximately 85% emission-free sources. BitNile is exploring off-grid cogeneration of power to extend its overall capacity beyond 300MW.
The Company's Founder and Executive Chairman, Milton "Todd" Ault, III stated, "We understand the potential of the Facility and its infrastructure and look forward to a steady progression in Bitcoin mining production and revenue. The planned expansion of the power capacity at the Facility to 300MW over the next 18 to 24 months would, if achieved, enable BitNile to grow its existing partnership with Bitmain while potentially attracting other strategic joint-venture partners, a key component to realizing the full value of the Facility, including its Data Center."
BitNile publishes monthly unaudited updates on Bitcoin production and miner installation at www.BitNile.com. While the Company believes that the future operations of the Facility and its cryptocurrency mining operations will be successful, the Company hereby cautions you that all estimates and other projections are subject to several factors including, but not limited to, its ability to acquire financing on acceptable terms, the availability and actual delivery of Bitcoin miners, the ability of the Company to expand the Facility's infrastructure, finalizing the service delivery agreement with the power company as well as purchasing and installing transformers, step-down units, switches, and cables. During the planned expansion of power at the Facility, the Company may be required to utilize third-party data center services to power a portion of its incremental miners. Additionally, the Company informs you that Bitcoin market prices are subject to significant volatility and that Bitcoin mining operations are subject to fluctuations in mining difficulty. Further, there are other factors that could adversely impact the Company's mining operations such as the possible effect of regulators focusing on digital assets and digital securities and the costs associated with such regulatory oversight.
Why is the stock tanking?
KMC, Sadly it hurts to see any Ukrainians dying because of this murderous tyrant's obsession for power and control.
What we need to see is the EU stand firm and help arm the Ukrainian's who are extremely good and brave fighters.
Putin has hopefully made his biggest tactical error by invading because he has turned the world against Russia. Hopefully the Russian people can organize and overthrow this maniacal tyrant.
KMC, couldn't agree with you more. If LCID goes below $20.00 I will just buy some more. This stock in 5 years will bring a huge smile to all who have held it and believe in their product. This is a retirement stock that if it does half of what TSLA's done will make us all a lot of money.
We just need to pray that the Ukrainian's repel the Russians and peace and stability returns to Europe.
Up almost 8% today. Looks like the market isn't very concerned about the report tonight.
Hopefully we keep the gains and after a good report we move past this downturn of the last few months.
2022 and beyond should be very rewarding to all who have held and averaged down.
GLTA!
Folks, until the crisis in Ukraine is resolved without much more bloodshed, we are going to have these crazy gyrations. The market HATES uncertainty. The world needs to see if Putin wants to retake the Balkans and or continue to threaten NATO countries, Now add to that, we have China threatening Taiwan. Praying that we get some good leadership here and from NATO who need to step it up and protect themselves from this Russian nut!
Good luck, the day I sell one share of LCID it would probably rocket to all time highs. Have a very nice amount of shares and will leave them alone for a year or two. If LCID drops below the 20's I will have to buy some more.