good news would be prices at $600 again. MELY's predicted revenues have been halved since they announced their first 100 servers with the Bitcoin price crash.
Luckily for MELY, they apparently have been able to purchase 1000 more servers with the shareholder's money rather than financing through debt. you know the great difference between the two? you don't have to repay the shareholders.
The shareholders here have now purchased the servers for Brett, and he is going to mine those bitcoins for himself. There is no dividend ,there won't be a stock buy-back, so there will be no repayment to the shareholders.
The stock has been heavily diluted and this will make it nearly impossible for the share price to get back to the levels it was at earlier this summer. Too many people have now purchased stock at low levels, so any significant rise will likely be short lived as people buying at .0007 will be more than happy to sell at .001 or .0015 and take their profits. This isn't going to be one of those magic 10x in one day stocks, the company's plans are well known and have been for a long time.
Simply put, Brett doesn't care for the stock price other than to determine how many more shares he needs to release to pay for his operations. The fact that he is waiting until AFTER the 1000 server purchase is complete to announce the share structure is very telling.
