Friday, June 28, 2019 6:46:14 PM
I agree, but I'm also interested to see what actually happens here. Will they produce a video like the two build outs I've posted, or will they come up with more delay excuses. IF they are on the up and up, then why not just come out and say "We will be up and running by around this date", instead of tweeting about share structure changes and meeting BTC people at a convention?
I believe they are in a pickle because shareholders have watched the delays for an extended period of time. It's been an entire year since they stated they would be mining "soon", and all we really have to go off of is pictures of pouring the concrete pad from them. Without the pics I've provided, shareholders would have no clue as to what was going on.
At the moment, I'm calling this more of a story telling scenario to sell shares. IF they can provide pics of more than a storage facility with their name on it, then I will be inclined to take a position again. The only reason I bought before was because I knew they needed to raise the share price for conversions.
If they really wanted to prove themselves they should have reduced the AS to maybe 50 mill above the current OS. They can always increase the AS at a later date. What are they going to do with the additional 340+ mill shares they left in the AS? I believe 4onn4off mentioned the exact number of Pref C's that were sold for financing...can't remember the number, but could it be close to the AS OS difference at an 1:100 conversion? Hmmm
I have my theories, and will gladly wait to see what happens rather than get stuck in a potential BTC mining FOMO play. I LIKE cash!
BTW, I think the drum beat of a death drop is a bit over played. JMO
I believe they are in a pickle because shareholders have watched the delays for an extended period of time. It's been an entire year since they stated they would be mining "soon", and all we really have to go off of is pictures of pouring the concrete pad from them. Without the pics I've provided, shareholders would have no clue as to what was going on.
At the moment, I'm calling this more of a story telling scenario to sell shares. IF they can provide pics of more than a storage facility with their name on it, then I will be inclined to take a position again. The only reason I bought before was because I knew they needed to raise the share price for conversions.
If they really wanted to prove themselves they should have reduced the AS to maybe 50 mill above the current OS. They can always increase the AS at a later date. What are they going to do with the additional 340+ mill shares they left in the AS? I believe 4onn4off mentioned the exact number of Pref C's that were sold for financing...can't remember the number, but could it be close to the AS OS difference at an 1:100 conversion? Hmmm
I have my theories, and will gladly wait to see what happens rather than get stuck in a potential BTC mining FOMO play. I LIKE cash!
BTW, I think the drum beat of a death drop is a bit over played. JMO
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