Replies to post #42226 on Microelectronics Technology Co. (fka MELY)

[ihubmkasp]

when you have a ton of short term and long term debt, producing minimal revenue is still better than none at all. they've already financed the mining server purchases, so as long as the miners can produce more than they cost to run, then it's better than not having them on at all. even if this revenue doesn't cover all of MELY's expenses.

[DeltaWarrior]

But they do need to pay off their debts. Do you not see VFIN, BKRT, and BMAK on the ask? They are all MM's who dilute. Hence why no new investors are putting any money into this right now. They could at least let shareholders know that they have received the servers but instead MELY has decide to delay the divy? I'm upset that the company delayed the divy. Past results are an indicator of future actions. I still have shares here but I can tell you this, if there is no liquidity in the stock, the company will have no choice but to RS in order to pay off its debts. I really did not see this going, and staying, at no bid. All IMHO of course. Don't invest what you can't lose ladies and gents.