Monday, August 29, 2022 2:04:49 PM
Personally, I think the stock is overvalued at .16. That's roughly an $80 million valuation .... for .... what exactly ? Last raise was at about a $30 million valuation and since then all that has happened is the acquisition of SPIN (no value add except going public), a restatement of their business plan and no reported sales. Original plan was helping bitcoin miners but we all know what's happened in the crypto arena.
But one would think with a "green" solution to help miners that they'd be producing sales here.
Hell I even sent a note to the CEO of a bitcoin miner to see whether or not Bitech might be an option. Power costs have been at record highs this summer due to multiple factors. Seems that Bitech pitch should be able to produce sales that would reduce those power costs .....
Amigo Mike
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