Replies to post #33465 on Microelectronics Technology Co. (fka MELY)

[towerclimber92]

Read the most recent pr, the company has recognized the issue of financing and will be making enough organic revenue to pursue future expansions without the need for this type of financing. Also they plan on addressing share structure after phase 2. Mely will be okay imo.

[ihubmkasp]

i think a lot of people on this board are blinded by bitcoin and hash rate, but forget that MELY is still a company, and one that had a lot of debt held over from previous endeavors.

They may have a good plan going forward, but they also had over $500,000 worth of short term debt to cover in 2014, most of which was dilutive, along with the additional financing they required for this new plan which is also dilutive.

IF, and its a big IF, they can get the $15M in non-toxic financing, and they are able to get the 1,000 servers up and running, then MELY may be able to take off into pennies. But the fact that the 15M has not come through, even though they've been in negotiations since March and have gotten 100 servers set up, makes me a bit nervous.