Replies to post #27164 on Microelectronics Technology Co. (fka MELY)

[anon13333]

The increase of A/S to 7.5 Billion is obvious to me. They increased the S/S shortly after announcing they were going into the BTC mining business. If you were going to purchase property, infrastructure and equipment totaling several million dollars and you wanted to prevent someone from taking over those assets on the cheap, you have to increase the A/S as a de facto "poison pill." Just think if they had only 1 Billion A/S shares at .0030. The market capitalization would only be $300,000 for the entire company. They had to protect themselves and our investment by increasing the A/S. BTW, having the A/S at 7.5 does not mean 7.5 Billion will be issued and outstanding. So far they have only issued 1 Billion which is very reasonable at this point. I think it was very smart to increase the A/S before they received those 1,800 servers. Just my take...