CryptoGlobal Corp - Ordinary Shares CYXTF

CPTO Seriously overvalued Pump and Dump

[Dmajorminer]

Here is the real story on CPTO.  They raised $27 MM which they have spend almost everything on the machines and leases. They are set up in a Hamilton , ON facility.  Unfortunately they only have well under 50 % of their machines as S9's. The rest are essentially outdated machines which produce at less than 50% of the mining/hash power of the soon to be outdated S9's.  Therefore they completely wasted their money on over half their machines. 

Furthermore they can only produce up to 1 MW for the next two years at the Hamilton facility and are paying 10 cents per KW.  Mining is marginally profitable at this rate.  They therefore have to now spend oodles of momey to completely move their facitlty to Quebec. Call it a really bad learning curve.

Here is the worst part.  They are essentially  out of cash so they need to do a raise.  They have several promoters as well as Canaccord pumping it as hard as they can on Bay Street and with all the tout sheets, commercials, radio ads, etc to do the next raise.  Its probably going to be doen @ $1.00 if they are lucky . Right now they have MCAP locking up all the borrow on the street and shorting the heck out of the stock so they at least can offer some support to the issue at lower prices.  Its a common Canaccord / MCAP  game on Bay St.

Here is some solid advice. If they don't have you locked up in some 4 month hold then sell as fast as you can. This company cant possibly support a market cap of almost $200MM when they are generating very minimal revenues and essentially broke and have only $27 MM in rapidly depreciating assets.  I'm sure their promoters will come on here and try to debunk all this but take my advice.  Its the true picture here.