The gift that keeps on giving is a promise right now. The package is all wrapped up in 33k worth of ribbons and sparkling wrapping paper, but it remains to be opened and, at this point, all it is is a nice looking package. The actual items they sell into a disruptive technology industry, on the other hand, are real cash items.
I bought this puppy because of the crypto dominance of their hardware and because of the promise of low cost power from a hydro property they said they were just about to close on. I came to find out they were emphasizing a finance arm and a licensing/manufacturing deal that was yet to be delivered for real.
Anyway, I eagerly listened to their "openness", on display in their frequent web events. At first, they impressed. Then they bought more and more things on debt of one kind or another and they never quite closed on the hydro and they never quite got around to telling us (or showing pictures of) their crypto mining rigs. They trumpeted the big machines, but those also never quite came to a close. They got their finance vehicle licensed and thats not bad news, but all the other stuff.... not so much.
Now we find that there is a $33K monthly consulting contract that serves as a money drag.
All in all, I am displeased and tired of hearing about those magnificent big machines. I am tired of NOT hearing that the hydro dam is actually closed. I WANT TO SEE THEIR CRYPTO FACILITIES. Do these guys even know about youtube?
Its called youtube, Mr. Ault, & there are innumerable examples on it of companies who take the time to demonstrate to their investors that they actually have mining operations up and running. I go to all kinds of other sites and see them do youtube vids of mining operations and so forth.
I want to hear fewer promises and see real money flow. The big iron is a promise. Its a really cool piece of technology. I get it. But quit telling me promises of trips to Neverland, Mr. "Peter Pan" Ault, and come to grips with the idea that I'm representative of a lot of people who would welcome something other than promised big deals and new debt filings/expense items.
Give out news of the humble little stuff that is the bread and butter that pays the debt and the $33K monthly contract. If the big deals come to fruition... hallalluia! In the mean time.... how about showing off your mining sites and how about closing the deal on the hydro dam?
Imperial Whazoo