RE:Conversation with Harry....So the expenses are up, crypto prices are down and Harry and Frank keep traveling and wasting compnay's money. The financials will be lousy as expected. As for bear trap, of course there is no bear trap since stock has been constatly declining for the past 6 months. There was a bull trap, when shares rose to $1.75 and suckers jumped in. It is going to be along summer.
MxwllSmrt wrote: I spoke with Harry for just under 40 minutes (39) the other day ....
1. All goals are being met on time - buildout.
2. Year End will contain audited financials...and this is a first for any crypto miner; he explained that there's a lot of discussion going into the definitions and that these definitions will set the tone for the future across the segment.
3. There has been an increase in operational costs with the company's expansion.
4. He's been traveling doing roadshows across the US.
5. Discussed certain design elements for the data centers in support of efficiency and continuity of operations.
6. Discussed the effect crypto pricing will have this quarter; pricing is important and certain cryptos are used to cover costs/ops and others are tucked away.
7. They're looking at various opportunities (up to something regarding) related to P0S; he wouldn't elaborate.
My take...crypto pricing has had an effect on earnings but because of the maximazation of operational efficiencies, rewards are higher than expected. As such we wil have the chance to see in July with the audited statements.... and there is no "Bear Trap".
GLTA.