Replies to post #33950 on Microelectronics Technology Co. (fka MELY)

[ihubmkasp]

A conservative estimate of 2B shares outstanding at a penny each would put the value of MELY at $20M.

If MELY were to mine 5000 bitcoins next year (rough estimate with 1000 1phash servers), and the bitcoin price doubles back up to $600 per coin, thats $3M in revenues.

$3M in revenues does not make the company worth $20M. MELY will never see a penny.