The Quiet Storm

[JohnnyRothrock]

...i like USEI @. 0035 calling it:

...basically CEO confirmed other day still have these Sumcoins(!!!!!!!!!) ...a lot of exclamation over excited points there,, but that would be like $40 mil at todays prices....with crypto market only growing....:



USEI has of 52,766.66 Sumcoins; through an agreement of value for aged shares for crypto assets in an early stage crypto software venture. The resulting crypto currency index venture nearly 2 years ago (and the first of its kind) known as Sumcoin is a decentralized and open source project. SUM is an index coin of Crypto Cloud Inc. Information components are wide spread, but some additional information can be found here: sumcoin.cash/ | http://sumcoinprice.com/ | https://sumcoinindex.com | http://sumexplorer.com
These assets have appreciated significantly in value (from $.50 to near $100 dollars per coin) and is prudent we enter an exploratory phase on how we plan to pledge, hypothecate, leverage or borrow against our holdings which now totals over $5 million dollars. This is obviously a significant boost to the firm’s assets and a potential pathway to allow USEI to execute its core business plan.”


https://backend.otcmarkets.com/otcapi/company/financial-report/230561/content


And we have the PR from 3 years ago that specifically was about them buying these said coins:




USEI Takes Ownership of $5.1 M Sumcoin

November 05, 2018 02:35 ET | Source: U.S. Energy Initiatives Corporation, Inc.
SANTA CLARITA, CA , Nov. 05, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – U.S. Energy Initiatives Corporation, Inc. (OTC PINK: USEI), USEI announces the ownership of 52,766.66 Sumcoins; management further announces that in 2017 it entered into agreement for 3.6 Million aged USEI shares for crypto assets in an early stage crypto software venture. The resulting asset, (and the first of its kind) known as Sumcoin. SUM is a decentralized mineable coin very similar to Bitcoin and Litecoin wherein its value is algorithmic based on the market cap of the top 100 Coins.

The coins founder, Ty Jacobsen of Crypto Cloud Inc., stated: “Sumcoin solves simple but profound problems. Sumcoins ability as a stable store of value and as an index-based coin solves long unaddressed and poorly understood challenges in the space. I’m pleased with the project’s success thus far, grateful to Charlie Lee’s help of Litecoin, and welcome participants of the open source community.”