CryptoGlobal Corp - Ordinary Shares CYXTF

RE:RE:CPTO Seriously overvalued Pump and Dump

[Dmajorminer]

How can one possibly jusify a $180 MM market cap on this stock.  Total assets are $27 MM before rapid depreciation.  Even the S9  machine are obsolete inside 2 yrs.  Quantum computing will kill the sector with speed 1,000,000 times as fast as these S9's .  Furthermore "proof of work"  coins are quickly on their way out the door in favor of "proof of stake".  Henceforth no more need to mine.  Finally competiton in the sector is enormous and the 10 cents a KW that Cryptoglobal uses is already no longer profitable.

So here is a company that has no cash left and is barely hanging on paying the bills by selling off the few bitcoins they have mined.  Unfortunately for them their bitcoin and ETH holding have dropped 70% from the highs.  Oooops !  I bet that part wasn't in the glossies and radio ads !   How many years would it take to justify the current market cap .  I'll help you out. The current machine would have to mine for over 30 years at these prices to make enough revenues after costs to justify this market cap.  Unfortunately they have to replace these machine about every two years so that 15 very expensive  replacement cylcles.  I bet that is not in the glossies either.

Why is HIVE and every other mining play's share price nosediving ? Its becuase none fo them are really going to make any money at all.  POW will be obsolete possibly within months as the Lightning network and Segwit take hold and mining fees drop like a stone.

Anyone holding this stock as some investment better smarten up.  You'll thank me in a few months when the stock is .25 cents. It nothing but a big promote but completely lacks substance.