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bonedaddy77

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bonedaddy77

Re: MoneyMan post# 7937

Monday, 10/02/2017 2:31:53 PM

Monday, October 02, 2017 2:31:53 PM

Post# of 63521
Speaking of bitcoin mining equipment. A good comparison would be MGTI. They have a market value of around $115 million and priced at $2.80. They have purchased around 1100 mining rigs all being paid for via toxic convertible financing. We have around 160 rigs being purchased so far and all paid for with cash on hand. No toxic debt being added.

If we had a market value of only 5% of where MGTI is we'd be sitting at .75 per share. One day in near future folks will look back and be upset they didn't jump on today's share prices...that's just my opinion.


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