I think there is some misunderstanding about what this potential venture is and what makes it somewhat revolutionary compared to other plays. What I believe we are seeing here is an investment in bitcoin mining in america where essentially shares of the company are representative of shares of the profit the operation. What differentiates this from purchasing "cloud mining" shares is that you do not directly receive BTC for your participation in the company you receive a value of the operations profit. Most cloud mining operations are scams. More scammy than OTC.
Currently mining profits are under heavy stress because of power cost vs equipment cost vs network difficulty. (If you don't understand how network difficulty works for bitcoin mining feel free to pm me and I'll respond via email to explain it to you.) What the competitive edge a Chinese company can bring to american operations would be a huge discount on mining hardware, industrial sized investment which would allow negotiations for power rates from local companies (depending on where you live this is facing some scrutiny look at plattsburg NY). This is an actual valuable business proposition and is something that no other BTC play has in its pocket. This is the actual value of SANP and why you should be SANP long and do everything you can to support a merger.
If canoe mining is looking for a company to bring it to the stock market with american mining operations, then SANP is perfect for it as a vehicle. Why mine in america? Because we don't have the corrupt/saturated market of BTC mining in China, also the chinese government will at one point put regulations in place to stifle mining growth. Also America has... the stock market!
If this comes online, BTC goes back to 20k, which it will do... If there is a reverse split and a re-branding, you're all millionares and the ceos/board are new billionares.
Please don't read stupid posts about "Muh GPU 1080 can't mine your pool Durr" and buy into it. Do your due diligence and if you have any questions about BTC in general... feel free to PM me.
