MORE LIKE RUINED , NOT RUINING! IF YOU GOOGLE HIS NAME THERE IS A WHOLE LOT MORE GOING ON HERE....
There is a note due this Friday May 15th. $50,000.00 ..Its a loan for the original servers purchased ( or were they really purchased????) The loan has an 8% interest rate we have been paying all year...yup 8% figure it out... now, here is the KICKER
the loan will be converted into shares.....soooooo, at the present price ( lets say .006 ) that's 8.4 million shares of conversion,....here is the better kicker... the conversion is based on the prior 15 days average closing stock price.....( surprise: wonder why the price has been held down??????---lol) so, given the prior 15 days average price before the conversion date.. we will be at .004 ish .... now divide the $50,000.00 by .004 yup, that's more shares in the bankers pocket 12,500 million shares..... but wait: lol here is the final kicker... he also get a 30% discount on that average price which means if the average price is .004 come this Friday the banker will get a .0028 stock price.....yup... true its in the annual report.... so, now given he receives a .0028 price.... divided into $50,000.00 that's a dilution of >>>>>
are you ready>>>>>>> 18,500,000 shares....... yup.... we currently have appx 15,000,000 million shares o/s...and then after close on Friday add another 18,500,000 shares giving us 33,000,000 o/s yup...and this is with only one note of conversion....God only knows how many more notes are due to be converted..I gave up reading through them all after this one... ....
Of course these are estimates///// and of course 33,000,000 is still fairly low.... for the time being....However, this guy has showed us a history of huge dilution billions prior to the 1000-1 reverse split....so, given this information and the history of what has gone on here..... be very careful....know who Brett Everett is and know there are reasons why a stock with only 7 million shares just a few weeks ago stayed in the 1 cent range..... know there are reasons why he puts out false and misleading PR's.... hence the pool will have 3 ph's... we are going to start phase 2....nope we are cancelling phase 2...
we are leasing until electricity rates have been negotiated to 2 cents from 9 cents...IMHO this is going to spike the week of 5/18/2015 after the good ole boys receive the shares for the $50K note... (hmmmm could that good ole boy be Brett or maybe someone close to Brett? ) lol
Hey, I almost forgot.....the pool is suppose to be honest and transparent.... anyone here see a transparent pool with honesty? I certainly do not... I have no clue if or how many bitcoins have been mined...or if any blocks have been found.... remember the ten day press release on March 23, 2015... read it again and you will see what I mean......
Rocketman had this stock pegged long before the 1000-1 reverse split... and I agree, we are going to see millions and millions of dilution again in the near term and then eventually billions and another reverse split....heck, Brett needs to pay himself for all the services and management/consulting fees he deserves.....lol......
Wait, wait, wait, you mean to tell me Brett gets paid: He sure does, look at the expenses in the last annual report... 50% -+ of the close to $1.8 million loss went toward compensation .....yup it did, its right there in the annual report.... oh, did you see the line item expense for advertisement cost's lol....yup they spent money on advertisement... Did anyone here see any advertisement, I haen't.....
folks... I was a believer and still hopeful to get some of my money back... however, unless Brett does a 360 we have been scammed big time.. a lot of money was taken from investors.... and most here are little guys just trying to make a few investment dollars... So far, this company has showed no stock holder appreciation and unless bitcoin flies big time the hope for big spikes here is gone... best anyone can do is take their losses and move on... because they need more cash to pay Brett and the bills...so, more dilution is coming and its going to come in huge chunks......
Of course, do your own DD....
Check out CGRA and see what the buzz is about over there....They are reporting this Friday and like last qtr I expect to see a nice revenue jump.....
Happy moms day to all you moms...:)
AI
