XTRA Bitcoin Inc (CBTC)

[vanguard62]

WHAT HAPPENS WHEN YOU GO LONG ON TCEL:

This doesn't get any simpler than this... This is incredibly easy to understand. This should be stickied.

Catastrophe

LOWEST POSSIBLE TCEL PRICE IN 2010: .0001

$15000 position in 2010 at .0001 = 150 million shares
1500:1 R/S (150 million/1500) = 100000 shares
1000:1 R/S (100000/100) = 100 shares

In order to return from 100 shares to 150 million, a multiplier of 1.5 million is required
100 x 1500000 = 150 million shares.

As of 4/4/2015, TCEL’s minimum effective O/S including pending convertible notes only through Q4 2014 (not including Q1 or Q2 2015, so it gets worse) is approximately 2.1 billion.

This holds true today, because even though the A/S and O/S has ballooned from a few thousand shares to 2.9 and 2.1 billion shares, respectively, the 2010 shareholder still only has 100 shares at .0004 today. A catastrophic loss. So, in this BEST CASE scenario, if someone got in at the absolute lowest price in 2010, a $15000 position has turned into $.04 as of 4/4/2015. In this BEST CASE scenario, the multiplier is 350000.

So…

in order for a $.04 position today, based on $.0004 to reach $15,000, today's market cap of $840000 would have to increase 350000 fold to $294 billion.

This simply demonstrates that either the executives are incredibly bad at doing math when deciding how badly to screw over the shareholders with R/S and A/S increases.. or it is a solid indicator of a scam and manipulation by the executives.