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ihubmkasp

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ihubmkasp

Re: goldapple post# 33950

Wednesday, 10/08/2014 10:25:34 AM

Wednesday, October 08, 2014 10:25:34 AM

Post# of 57991
A conservative estimate of 2B shares outstanding at a penny each would put the value of MELY at $20M.

If MELY were to mine 5000 bitcoins next year (rough estimate with 1000 1phash servers), and the bitcoin price doubles back up to $600 per coin, thats $3M in revenues.

$3M in revenues does not make the company worth $20M. MELY will never see a penny.
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