Replies to post #28343 on Microelectronics Technology Co. (fka MELY)

[BottomzUpp]

You don't think this was thought through before hand? You think they Are pissing into the wind with their statements of purchasing 1800 servers? Or Even purchased a warehouse to house these servers without the money? C'mon dude think logically pretty sure financing is just about in place before all this happened. If they need to resort to convertible notes they servers will be making a ton of money before they convert anyway. At that time I'm sure the notes will be bought back or most of us will be long gone. But that is a year down the line.

[Already made it]

Microelectronics Technology Corporation Plans Phase One 100 TH/s Mining Center

Microelectronics Technology Corporation Plans Phase One 100 TH/s Mining Center
MONARCH BAY, CA--(Marketwired - Apr 9, 2014) - Microelectronics Technology Corporation (OTCBB: MELY) (OTCQB: MELY) is pleased to announce the Company has initiated negotiations with Institutional Investment Funds for equipment acquisition financing.

The company is in negotiations for a NON-DILUTIVE credit facility of five million dollars for the acquisition and development of the digital currency mining center the company is developing through its Dynamo Server division.

The company is in the planning stages for the development of a first phase 100 TH/s
BTC mining center.