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Friday, 11/15/2024 2:27:37 PM

Friday, November 15, 2024 2:27:37 PM

Post# of 2103
The stock is being shorted and shares will be covered with the exercised warrants. It's why shorted shares have exploded this week. The new 10% owner (6B hedge fund) and Maxim are probably the guilty parties.

The MM is making $ on the way down. When finished they will make it on the way up.

If all warrants are converted, outstanding shares will move from 2.7M to about 4.5M shares.

LMFA will have received another 6M in cash.

It is safe to say they will have about 24M in cash and BTC to start 2025. Less roughly 4M to pay off the 15MW plant. 20M

4.5M shares times 2.50 a share is 11.25M market cap right now. So it's not as low as some appear.

They have been diluting all week. But cap is still around 50% BTC + Cash based on new developments.

IMO they short changed themselves not anticipating this giant move in BTC so early. Regardless, they are set up very nicely for 2025.

BTCT probably has no cash, last report they had less than 1M in bitcoin, and no 15MW plant. Not to mention a shady Chinese company.

You can read online that to build 1MW from scratch and provide 300 miners for that MW to power and mine...it costs roughly 2.5M USD

Times 15. 100% owned and paid for.
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