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Alias Born | 04/22/2016 |
Sunday, April 16, 2017 9:07:40 PM
first, ive been reviewing the trades on THE XBU(http://www.cryptocoincharts.info/pair/xbu/btc/yobit/3-months) and it looks to me that buying the xbu coin îs going to be far more profitable than getting in on the common stock. EXCEPT if they keep using theîr currency fôr expenses, that dilutes the currency....
second, this is a shell company,being first in something doesn't guarantee you'll do it right, in fact management has failed several times, they have 6K in cash, Lost 3.2M of which 2.7 are mineral properties. they still own mineral properties from theîr previously failed endeavor(S). and are still paying dues IN crypocurréncy.
third, share structure will eat longs 21B a\s with 3040M o/s means if they cant get a big enough crowd on board to raise cash for operational expenses they have high potential to dilute IM NOT TALKING DEBT, im talking about keeping the lights on ät that china office. DAILY OPERATIONAL EXPENSES.
in my opinion they will need to dilute common stock to buy the XBU or keep diluting the XBU for the common stock, REAL MONEY NEEDS TO COME FROM SOMEWHERE... thats why they are a public company.
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