On base P44! I have said it many times that a R/S is only bad with failing, no product, no vision companies run by scammers that want their own ATM machine, rinse and repeat. I don't think that is the case with MELY. The debt, and share structure is not an issue IF management can follow thru with their plan. Huge cash flow potential here and valuation. Sure there will be some more dilution, but at a much slower rate because of cash flow when we are running 1-2 PH/s of mining. Once we get over the hump, we can grow from cash flow and if needed, non dilutive debt.
Look at the valuation of BTC_S, a 20 million $$ market cap with less than 1 PH/s of capacity being installed in the next month.
MELY won't have to dilute much more to raise capital to grow, IMO. I have no problem with dilution, IF IT IS USED FOR THE COMPANY GROWTH in BTC, not getting into some other business. If management is honest with us in their PRs and intensions with near term further dilution and the growth outlook, and if they can wait until after our 1-2 PHs is up and running, they will dilute at a much higher stock price level, and it will not hurt our stock price IF they are transparent, all IMO. MELY has a vision, it's crunch time, be patient for a while here.
Big money, VC's, Wall Street, smarter money than me, is flowing into the BTC sector. An old WS saying, "follow the money", and be patient. GLTA
$$$MELY
