Let us not forget many on this board just last week before the R/S announcement felt MELY would be .005-.01 by the end of summer or year end at the worst. That was based on 1+PHs to start and 5-7 PHs more added during year. I fully agreed! Again look at our competitor, BTC_S.
Let me ask everyone this...What is the difference if you have less shares at a higher price? NONE! But now, we will have a more attractive share structure and price. The only people I think continuing to complain are the tick flippers. Sorry! Grow some balls, hold your stock and make some real money, IMO.
If we get news before the R/S we could get rid of the weak hands and take MELY to .0005 or more. A R/S from there and we have a .50 starting point. Guys these market makers are not stupid, if we ARE different than 95% of the other pinks, with our growing cash flow, with good news PRs and good outlook and moving up to the next tier, they are not going to short our stock. I am sure they have to "mark to market" their short positions at the end of the year. They will pick on the other 95% of stinky pinkies, that have no good news, no product and no growth outlook.
Remember, we thought we had a .005+ pre split which is a $5+ post split stock, which can be bought by any mutual fund. I would think most growth funds will want to own the largest BTC miner. The .01, some were calling for is a $10 stock.
Sure it will take some more dilution in addition to internal profits to grow, but that is acceptable by all of wall street.
All of this is said on the assumption MELY exists, (it does), that 1 PHs is on the way soon and 7-8 by year end. Guys, nothing has really changed, other than for what could be for the better. Time will tell here. I am no way selling, even with a pop before the R/S. There will be no pop without news, but if there is, let the tick flippers out and regret it later. For the rest, make some real money, take down the asks, let it run, make the whales pay up.
On the divi, I hope we do get the 100,000 shares, not 100. If we do get the 100,000 there is going to be a lot of dilution next year, like at least 10-15 times more O/S. Hey, if the company is very successful, and growing who knows the impact on PPS.
Good luck to all shareholders here. This R/S does NOT mean the end of the world.
$MELY
