Wednesday, March 28, 2018 4:48:14 PM
You guys have $2k in the bank and over $2m in current liabilities. You lost $817K in 2017. That's over double from 2016. A top of the line crypto mining data center can cost upwards of $6m to $10m dollars.
Competition in crypto currency mining is 10 fold over Live Streaming content. Miners are building out larger and larger data centers just to compete because you need speed, CPU power and very low electric costs. Do you have another $2m or so to do what most are doing now and going solar powered?
Just like you couldn't compete with YouTubeTV, that spent over $2m in Superbowl ads alone and probably upwards of $10m+ a year in advertising, and all the other providers, you certainly don't have the cash or funding to build a $6m dollar data center and to think the 10K stated your just now looking at property?
Way too little and far too late to get into crypto currency mining when there are data centers so freaking large today and bigger ones being built every day.
I guess those salaries you guys are asking for, $1.4m, will be paid in common shares because you have no revenue stream and $2K in the bank. At the current share price of roughly .004 that's 350,000,000 million shares. I'm guessing the dilution spigot will really be turned on then huh?
Best you guys start thinking of the next SCAM. No one should invest in this next scam as most here lost 50% to 75% of their investment in the last one.
SMH.
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