RE:"IF" is a Huge word with many meanings.
rixpix wrote: "IF" the float remains tight,,,
"IF" Realblocks has a huge valuation.
"IF" Amplify has a successful launch.
But what "IF" it doesn't...
What "IF" RealBlocks needs to raise funds again and then BITK's share isn't evaluated that high?
What "IF" Crypto currency sells off? Sentiment in BITK (and all blockchain stocks) will turn neg and shares'll fall further.
What "IF" Amplify doesn't amount to much?
What "IF" BITK has to raise more funds to keep operating?
Too many "IFS" for anyone to sound so optimistic.
IMHO if BITK was going to be worth anything close to the dollars you all say it will be, the SP would be a lot closer to its high rather than where it's trading at now...
I know most won't agree with me and that's fine.
I'm not here for an argument, and as a new shareholder I'd be more than happy to be wrong.
CHeers! and GLTA!!
Ripix,
You could say the same for Sva ... cure for diabetes and such a low market cap.
Firstly, Bitk is a small relatively unknown company . Nobody really knows about it. How did you stumble across it ?
Look at Realblocks https://www.realblocks.com/about-realblocks they are looking at taking a piece of 13Trillion market. Realblocks is a private company , they have not officially released any figures of the business model or their clients . Have privacy client confidentiality agreements . But they are going to announce and eventually at some point go public. Bitk management would not say directly but are really confident that Realblocks are going to be a leader in their field . Crosslink usually takes their investments ipo for Billions . https://money.yahoo.com/realblocks-secures-7-million-series-135500641.html
Board of directors own lots of shares . In fact management owns 20% of the float . CEO is buying in the market and cashing in options . One of the directors has a stellar track record and is apparently the largest shareholder in Sva - 14 million shares , he did the last financing at 30 cents (Elgin). They did not sell a single share at over $2 . Unlike Tolekis who has diluted Sva to 300 million shares , float is 16 million and tight . Management will not dilute or take options or large Salaries like Sva. Management has extensive experience in capital markets and knows how to create value, it's not by dilution or increasing the float.
Amplify games go look at their investor deck. Look at their growth and revenue projections. Look at the news releases . They are building a business one step at a time .
Bitk is a Blockchain company that utilizes Blockchain in its algorithms to make transactions for efficient and accountable . It is NOT cryptocurrency company , exchange . Yes they do have a small mining company that provides revenue monthly . If Bitcoin price goes to zero , it will not impact Bitk severely . Primarily holdings include agaming company and iRecover .
why is sp not valued at what I am saying ? Simple ... value of Realblocks has not been made public yet . But it will be . Look at the comparables all valued in the Billions . It will depend on revenue and market size Realblocks captures of 13 Trillion market size . Read this https://www.bloomberg.com/press-releases/2020-10-29/realblocks-secures-7-million-in-series-a-financing-to-enable-and-scale-digital-access-to-the-surging-alternative-investments
Amplify games ... is just starting .... there has been nothing but progress and updates since it was announced in March . You owned Sernova for 12 years ? Amplify games is doing what no other gaming company is doing . They are working with independent game studios and developers and selling directly to the end user. They will take all the independent game developers away from Epic and Steam. Amplify is concentrating on NFTs in gaming . This is revolutionary and where the growth in gaming is going to be. Read this article
https://www.zerohedge.com/markets/non-fungible-tokens-are-changing-lives-many-southeast-asia
Ripix you bought yesterday at 60 cents and now it's 70 cents . You should do more due diligence.
Btw there is a huge short position that will be have to be covered eventually.
Ms Sally