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Re: LaoTsu post# 14032

Monday, 08/14/2017 1:38:15 PM

Monday, August 14, 2017 1:38:15 PM

Post# of 32472
As of now, it's a pump. Company is in a bad financial situation and has been diluting shareholders. The price, however, is correlated with the rise in BTC and mainstream awreness. Trade on human psychology here. But if you're holding this for long term, you are in trouble. The company does own a 10 percent stake in bitcoin technology corp and has been trying to purchase an additional 20 percent as per their acquisition agreement. The company is cash starved though and issues shares as a means of payment. That's bad for you and I. The value would be in their stake of bitcoin technology corp...but it has yet to be seen. That could change, but this company may have to liquidate before any of those gains are realized. Penny stocks are penny stocks for a reason.
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