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CryptoStar Corp V.CSTR

Alternate Symbol(s):  CSTXF

CryptoStar Corp. is a Canada-based self-mining cryptocurrency producer. The Company and its subsidiaries operate in the distributed ledger technology space, utilizing specialized equipment (miners) to perform computationally intensive cryptographic operations to validate transactions on the Blockchain (mining), receiving digital currencies (primarily Bitcoin). The Company operates through three segments: self-mining, hosting and miner sales. The Company is the supplier of graphics processing unit (GPU) and Australian securities and investments commission (ASIC) miners & hosting solutions worldwide. The Company also provides equipment hosting services to customers worldwide, for which services the Company receives hosting fees, as well as sells miners to customers. The Company operates data centers in the United States and Canada. Its wholly owned subsidiaries include CryptoStar Holdings Inc., CryptoStar USA, Inc., and Neuro Digital Inc.


TSXV:CSTR - Post by User

Post by mrmomoon Nov 24, 2020 10:32am
774 Views
Post# 31960237

The only thing.....

The only thing.....Outstounding in today's trading.......is the massive level of dumping that's ongoing. This will continue until the company does what i said it needed to do OR it releases some SIGNIFICANT developements in company operations. As you can see Bitcoin is near it's all time high & about to break it soon and this is still in the dumps. Becuase there is NO reason for folks to push it up higher to higher valuations. It continuously requires about 10M in volume each day JUST to push it up a penny. This should tell you something about the situatiuon. The only buyers here are day traders & speculators........both of which will leave as fast as they came in. If this does touch a dime & the company still hasn't made any progress in its ops........sell with both hands AND feet if you have shares.

The sad thing about this whole mess, is that Marathon which was in much worse shape than Cryptocrap, was proactive AND made drastic changes in the company. And they turned around the company. Something Cryptocrap FAILED to do. But Marathon laid out the template for companies like CSTR to take the same path to restructure for the better. AND still cryptocrap didn't bother. Unless they make some BIG restructuring inside their ops......i see no reason to hold this over the longer term over companies like Riot, Marathon, Hiut 8 OR Hive.

Good luck to all........

Side note........Otto & friends can you guyz please buy just a little more. Thanks for your understanding in this delicate situation.
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