Monday, May 16, 2022 12:32:28 PM
I have owned SPIN to the tune of 825,000 shares and over the years and during these years I have bought and sold the stock. Sometimes for a loss and sometimes for a profit. I was really really hoping that when SPIN was going to do a reverse merger they would have done it with a much better company than Bitech.
SPIN was a very clean company when you looked at the share structure and them not having bad debt it was a good company for a reverse merger.
When I saw the Bitech announcement I got really pissed off because anything to do with Crypto, mining, NFT's and all the other things in this space are not successful to date. Not one company has proven to be successful in their stock price.
There are some companies that generated revenues, but none have real revenues. Real revenues meaning $25 million annually at the very least.
And when I see a CEO making a statement with absolutely nothing concrete and he refers to a large shareholder it is very disingenuous.
I am not a big time investor. I have about $175,000 in the market but I also take money out every year. I've had a profit every year for the past 6 years and while it is NOT big time money, I like to make a profit even if its a small profit.
This deal with Bitech is a head scratcher to begin with and when I read this post I was furious initially and now I am worried that this CEO is obtuse
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