Microelectronics Technology Co. (fka MELY)

[ihubmkasp]

so...how are they paying for this 1000 server order?

At a low estimate of $1000-1500 a server, thats $1-1.5M. MELY does not have $1-1.5M in which to pay for these.

according to that 9/23 PR, 117 bitcoins have been produced. at current market prices that is about $44,500.

so without the 15M financing deal, how do they pay for this $1-1.5M order?

$1M at .0008 is 1.25B shares of stock. so they may try to dilute further for the financing. Or they could take on additional toxic type financing.

IF they are able to secure this 15M deal, then maybe they could do a buy-back or something along those lines to increase stock price. Or they could just not do anything and Brett keeps the bitcoins himself and says "thanks for all the money shareholders! hope you enjoy the 5B shares floating out there!"

please correct me where i'm wrong with more than just calling me a basher.