Wednesday, January 22, 2020 12:15:05 PM
Many of us are in a similar boat right now. I tend to agree with what your are saying. The dilution is the primary killer of the INTV price trend from a few years back. I don't agree with the CEO for using this type of financing but it may have been the only realistic option at the time of acquiring all the new mining equipment. Now that the equipment is up and running, there are no new announcements of new purchases, the lenders have been paid out completely (by diluting the shares) and by the current OS count, it looks like the dilution is at a minimum, paused. If INTV wants to see it's stock price rally and be more reflective of the revenue potential, they will FIRST have to prove or announce they are done with this type of cash flow financing.
I think they are, given they now have a large number of machines mining at below market electrical rates. If the CEO is not too greedy and wants to make much more in the long run, he needs to show positive cash flow from mining operations in a quarterly report.
Will the CEO do the right thing? That is the big question we are waiting on.
Recent INTV News
- Integrated Ventures Delivers 376% Q2-to-Q1 Growth With Revenues Of $1,728,108 vs $1,059,064. • InvestorsHub NewsWire • 02/08/2024 01:30:00 PM
- Integrated Ventures Reports Preliminary Q1/2024 Revenue Results Of $1,059,064 vs $555,365 for Q1/2022 • InvestorsHub NewsWire • 11/10/2023 01:30:00 PM
- Integrated Ventures Buys Additional Miners With Focus On $7 Million In Yearly Revenues • InvestorsHub NewsWire • 11/08/2023 01:30:00 PM
- Integrated Ventures Reports $3,862,849 In Yearly Mining Revenues With 162 Bitcoins Produced • InvestorsHub NewsWire • 09/29/2023 02:00:00 PM
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