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It has to be more than incompetence. The 2crsi equipment was supposedly delivered almost a year ago. Even an incompetent could plug that in and collect the bitcoin. It aint rocket-science. There has to be an outright scheme, one big enough to justify not even doing the minimum of just installing and sitting back while the bitcoin flowed in.
The window for all this being part of some plan closed months ago. If he had some plan, the 2CRSi would have long since been up and running and they'd be in profit by now. I can't believe this is even still being debated many months past any positive result being plausible.
Yup, it was a very clever move, I'll admit that. By getting 2CRSi to join in the con, they gained an aura of legitimacy that they would never have had alone. I stayed in for a long time based purely on how unlikely it seemed that a five dollar a share company could be part of a con with a sub-penny-stock. It just seemed like the sale MUST be legit, because such a company would have way too much to lose in terms of reputation and potential legal problems.
I'm still more than a little baffled by their complicity. It's like finding out that Warren Buffett is complicit in a game of three card monte with a street grifter. What on earth could the street grifter possibly offer him that would be worth the risk?
My question isn't entirely rhetorical: what IS 2CRSi gaining from all this? I find myself coming up with wild theories like this all being some big mafia money laundering scheme and whoever owns 2CRSi being in with the mob.
No, it's not coming back. The equipment was claimed to have been received in April, meaning it should have been up and running by June, and showing significant profits by August. We are almost to January. It's a fraud.
We are months past the latest plausible date for this all to be legit. It's just a fraud.
Sorry. I'm very sorry, because I lost about six thousand on this myself. Much more, considering the other things I could have put that six grand into. I could have been running the put/call wheel on some safe stocks and made steady bank for the past year. I could have put it in JEPI or NUSI and made a small but steady profit. Even a risky etn like USOI would have been a much better choice than this. Heck, even REML, which would have been a disastrous investment, would have cost me far, far less than this did.
The 2CSRi equipment was said to have arrived and been in the process of installation a very long time ago. So long ago that I don't even remember the date anymore. Long enough that it would have long since been up and running and producing crypto if the company was legit. Since there is no sign that the equipment is up and running, the claim was clearly a fraud.
I don't understand how they got 2CRSi to be complicit in the fraud. It was 2CRSi's involvement that made me trust CCTL in the first place. 2CRSi had a decently high stock price and seemed unlikely to be complicit in fraud with a penny stock scam. Even now I don't understand their angle in all this.
My inability to understand why a company going for five-ish dollars a share would be complicit in a scam with a sub-penny-stock caused me to trust CCTL far longer than I should have, and I lost about six thousand dollars before I pulled out. Six thousand dollars I couldn't afford, as I am quite poor. This was my big play with the small sum I've managed to save up, and CCTL destroyed it.
I still am baffled by the 2CRSi part of this. What did they gain from this? Their part in this has destroyed their reputation, and to what end?
Which is really baffling. I mean, even if they are utterly corrupt, why not get the equipment up and running for purely selfish reasons?
This makes me think the equipment was never sent, or it was worthless junk equipment. But why? Again, even purely evil people would want to make money mining/selling mining equipment.
Maybe it's some sort of mafia money laundering scheme? Is 2CRSI owned by the mafia or something like that?
I thought we already got word that it wouldn't be for another two weeks minimum?
Why is Mara crashing? I keep hearing good news about what Mara is doing. Bitcoin is going up today. I hear good news everywhere yet Mara just crashes, crashes, and then crashes some more. WTF?
Why does Mara keep dropping? I sold a Put and I'm going to lose a mint today because of the drop. Mara seems to have all these good things going for it, good news left and right, and it's listed as a Strong Buy on Ameritrade. When it dropped, I figured it would be a great time to sell to open a Put, since the drop was surely just a momentary dip on a great stock. But then it just kept right on dropping, and now it's well below the strike price.
RIOT is worth ten times what it was when he was posting this:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135826696
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135800256
Damn you for getting my hopes up. I thought you would say that they got the CE removed.
We need that damned confirmation of the lawyer work that would get the CE removed to have that bounce. The confirmation that was supposed to be completed last FRIDAY. Here we are Tuesday and still nothing.
No, the board has been talking about a post that would be less than 48 hours old.
Where is this new CCTL tweet people keep talking about? Can someone link it. I can't find it.
Supposedly this week, and we are almost out of week. Hopefully it was already done, and will be officially announced on Monday.
When does Ameritrade delist CCTL? What date?
When do the "Q1 fins" showing the 2CRSI deal terms come out?
No, I don't. So explain it to me. What is "toxic lending" and how do they profit from taking out a "toxic loan"?
And I immediately put the money in Bitcoin, which then dropped from 64k to 61k. It's like I'm cursed. ...
And I checked his posting history all the way to 2012. Every stock he attacked, his attacks proved to be correct. In every case, the stock either died, or limped along at such a low level of progress that you would have been better off putting the money in a savings account. Every single time. It's not like I didn't do DD on the guy.
But, OF COURSE, the one time he'd be wrong is when I've got over a million shares in the stock he's attacking. For chrissakes. *sigh*
What do those numbers mean? Gross profit 15? 15 what? 15 million?
Are you sure? What is your evidence for this? My first thought was that the Coinbase going public had provoked a run on bitcoin related stocks. Do you have evidence or are you just speculating?
What type of con would that be? He's been posting for almost a decade on a wide variety of unrelated stocks. Is this an extremely profitable con? Can you give me details on this sort of con?
If you look at his posting history, he has been attacking various stocks for almost a decade. So his motives seem unlikely to be something personal about this particular stock. And every stock he has attacked has either died or, at best, limped along at such a low level that you might just as well invest in a bank saving's account. If I am missing something, I am open to hearing what that is.
"Let me guess you believe that mining 2 or 3 Bitcoin per year is proving Pillsworth is a excellent miner."
I never said that. That's just a strawman attack. I asked questions. I am not anyone's enemy.
Again, you are assuming I am being facetious when I am asking genuine questions, questions rooted in my own awareness of my limitations as a small town farmer. Why would a company care deeply about its stock price when it isn't offering new stock? Do they profit post that initial sale when buyers sell to other buyers? It appears to me, again as just some Cajun hick from the middle of nowhere, stock price is only a priority for the company during it's initial investment period, and occasionally when offering new stock. The rest of the time it's unrelated people selling to other unrelated people and inconsequential to them. The priority the rest of the time is making the company itself profitable, as this has immediate tangible effects on their salaries and bonuses.
If I am wrong about this, please explain why. I am neither being facetious nor bashing nor even trying politely debate you. As my expertise begins and ends with growing plants, debating financial experts would be absurd. I am merely asking questions.
"And obviously he isn't much of a Bitcoin miner."
What's your theory as to why that is? I mean, it's not rocket science to push an ON button on a mining rig. And "he's a scammer" isn't a good enough reason. Even a scammer would want to make money by pushing an ON button.
They are not, to my knowledge, planning on issuing new stock, so why would the company care? Even assuming they are totally legit, what does the stock price matter to them? They are not managed like the ARK stocks, so they don't get a cut when buyers sell to other buyers, do they? So whatever money they made from initial public offering is years in the past, and already long since completed.
So their actual priority, assuming they are legit, is to get the equipment up and running so they can start making money, and justify their salaries and bonuses.
Is it possible that this is a set up for bankruptcy fraud? I mean, it does seem strange that they have mined so little bitcoin. Them being "scammers" isn't a good enough explanation. Even scammers would want to make money by pushing an ON button. What if they've been somehow hiding their profits in anticipation of declaring bankruptcy? And the loan wouldn't matter because they could default on it and it would just result in the liquidation of the company which they've sucked dry anyway. I'm just some farmer who does a bit of amateur investing, so take my theory with several jars of salt, but could that be it?
It is kind of baffling. I-Glow keeps calling it a scam, but how would Tom profit off such a scam? CCTL isn't selling new stock, so the stock out there already doesn't profit him. Taking out a loan for new equipment doesn't profit him unless he plans to actually use that new equipment.
It seems like if it's a scam, it's a scam to shoot himself in the foot, which makes no sense, even if we assume Tom is the most selfish sociopath in the world. Even a sociopath would want to make money by pushing the ON button on a machine. And since 2CRSi is the one who announced the sale, it has to have actually happened, unless we are supposed to believe that a scam would be sooooo profitable that a fairly successful company would be willing to risk a massive conspiracy that was practically out in the open for public view.
I don't think it's a scam, at least not in the sense of being some multi-corporation conspiratorial grift. I do think it is very possible that it is a desperation play. Tom hoping he can hold it all together long enough to repay the loans and make CCTL a profitable company. In other words, we are watching a drowning man and getting dragged under the waves with him, hoping his desperation play to save himself also saves us.
If it posts serious audited profits after the new equipment goes live, then it will explode. But that won't happen until next quarter, and that's assuming they are legit. I expect the price to bleed out every week until that happens.
On the upside, if you believe that they are legit, then you have months to accumulate literally millions of shares for a price that will likely fall to January numbers.
On the downside, if they are fake, then all your shares are worthless, and will become even more worthless if even a full quarter after supposedly installing the six million worth of equipment, they don't have much in audited profits.
Why would bears pay him?
...yeah...we've...known about that and routinely discussed it for a week, dude.
Why would that be, anyway? You can say because he's a scammer, but even a scammer can push an "on" button, and even a scammer would want to make money by doing so. Mining bitcoin isn't rocket-science.
That doesn't answer the question how WILL it compare, as in in the future, once the new equipment is up and running?
So what specifically leads you to conclude this? Has he successfully run other companies?
Can you tell me in detail what you know about him that leads you to believe this? Real question, not a passive aggressive attack. I've got a lot of money riding on this.
So what do we actually know about Thomas Pillsworth? I can't find anything on him except him being CCTL's ceo.
How will CCTL's ability to generate new revenue compare to HIVE's once the new equipment is up and running? Here's HIVE's report: https://hiveblockchain.com/news/hive-blockchain-reports-fiscal-year-2020-financial-results/
I suppose it depends on what you think their growth will be in the next couple of years. Right now the price is based off a 30 million market cap divided by 3.7 billion.
Was this a sell at .0084? Because if so, that was me, and it wasn't some grand conspiracy, it was me thinking the actual bottom is .007, so I sold half a million shares so I can rebuy next week at .007.