GREY:CYXTF - Post by User
Comment by
Dmajormineron Mar 09, 2018 4:49am
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Post# 27689172
RE:CPTO should be at $1.00 minimum
RE:CPTO should be at $1.00 minimum Shameless promotion. There is no chance this stock is worth anything close to $1. That "deal" with the "private investor" is as good as dead becuase he it "sudden;y" wont pass the satisfactory due dilligence phase. It will get repriced to .75 cents or lower. Furthermore Bay Street is most surely now blackballing this company. Just try and find money now. No chance.
Look at every other bitcoin miner on the planet. All their stock prices have absolutely plummeted. Bitcoin fees have dropped 90%, bitcoin usage has dropeed 60%, bitcoin price has dropped 70%. Other miners are mining at .04 cents a KW while CPTO is at .10 cents. Totally unprofitable. Might as well just turn off the machines because they are just losing money anyways. Maybe CPTO already has turned them off ? Say goodbye to the plan to move to Quebec. All the recent headlines about no electricity to miners just shut that down. You can bet that insider who stock is, or soon is , free trading is dumping as fast as possible.
Bottom line is that this is the perfect storm for all crypto miners as with CPTO being the worst positioned of any of them and with no cash left in the till , its stock will quickly drop to zero. It doesn't stand a chance. All IMHO.
Good day ! See you again in a couple of weeks when this is sub .50 cents.