Bid/Ask Gap crazy but shorting game is very blatant as well. Very low volume when it goes down usually which tells me most people are holding and not selling on the Bid which is good. CEO needs to stop shenanigans and get this company going along and faster.
Latest tweet says taking advantage of buying mining hardware during bear market... that is a (short term asset/STA) while their partner is buying the property (long term asset/LTA). Our STA of mining equipment will only be good for a year or two then we will need to buy more equipment AND the gains from the STA that has a build-in re-purchase cost to ROI also has the cost of the facility or renting it out from our partner on the ROI.
Also That tweet is BULLSH*T. Again I am not bashing just stating facts you can follow up on:
1. Price of Avalon's and Bitmain miners have not dropped (commercial contracts too and retail). Go to their websites and check it out. 2. New mining facilities will not be buying old miners that are obsolete --- AND Graphics cards are still very expensive there is literally NO BEAR MARKET ON HARDWARE. 3. That comment only makes sense IF they are acquiring other companies/mining operations if the company itself is experiencing the "bear market" on Bitcoin. This I doubt.
What CEO Needs To Do: 1. They need to announce 1 or 2 mining operations in US or Quebec going live before EOY with better terms. 2. Financials on the company/mining facilities they already have 3. ANY NEWS on battery patents will be amazing for a good and much needed pump to get new money on this ticker and have old money reposition while maintaining momentum. 4. Ticker change pre-financials even better/best. 5. Stop sending stupid Tweets out and stop coordinating the shorting on your own ticker. Thanks.
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