Talk about all the WRONG moves....Wow............. mgmt here is more lost than i actually believed. I won't get into all the specifics, but this report pretty confirms what i had feared or explained. The most significant developements, now conifrmed by the company.......ceased ALL mining operations, ANOTHER sh*tty dilution at sh*tty valuations AND the most pertinent one.....they're REALLY turning tthe company from a miner into Bitcoin shop?.....Oh brother.........these guys are doing everything backwards.....
Look folks.....if you didn't believe from before, then just read this release. Not only is most of it a complete rehash of garbage they ALREADY RELEASED in the past and excuses upon excuses wwhy they can't do this and why they can't do that.....all poor ole Cornona's fault. But everyone of their peers seem to be pogressing ok. Also they CONFIRMED my worst predictions.......stopped all mining and horrible financing capabilities. No wonder insiders were dumping en masse.
After this cr*p folks......dump this and go full into Bitfarms, DMG, DGHI or even (god forbid) MGTI (which is gonna surpass Crytocrap soon BTW) if you want cheap spec plays. I see absoletly NO upside here & no future after this report......as insiders will keep dumping limitless shares for who knows how long. I tried to give these guys a chance to redeem themsleves......but it seems they just keep getting worse and continuously shooting themselves in both feet.
Good luck to all............