A series of form 4s with recent buys. CEO owns over 10% of the stock and 90k of preferred. He garnered a monthly dividend by bait and switch on the dividend issuance to preferred instead of Nile common for the ultimate flim flam scam. I'll give him credit for continuing to purchase Nile shares, as there offset by revenues generated off the preferred. Why wouldn't he with the win win set up. I'm not sure if the preferred were openly purchased but given what I've witnessed I'd speculate, meaning in my opinion only, that they weren't, and most likely granted by the board unto themselves. I'm sure the board also have allocated shares of preferred at Nile shareholder benefits. If anyone knows of certain on the preferred, feelfree to share. Nile stock currently subjected to the dilution and Amex market forces. Increases in Bitcoin are at best incrementally reflecting in market cap for obvious reasons. End of month mining metrics might help if deliveries and installations etc continue, and if the haphazard investments in speculative outlays cease. There's zero value given to the other divisions, and the board has failed to deliver spin off shares. CEO and board credibility are in play. Warranted given past and ongoing business as usual. With mining metrics, and earnings pending, will see if there's improvement on market cap. Personally, I don't trust this CEO and subsequent board for nothing. Markets can be a strange coordinated arenas. So will see if this Turd can float above the minutia of stink. The best undervalued miner IMO is HUT.
