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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 Mar 23, 2021 9:08am
647 Views
Post# 32856931

If only people listened!

If only people listened!They would be in a much better position than they are now. I was following this company for over a year now and i KNEW very well the situation the company was in and where they were headed. Some simple due diligence and maybe revisting some of my previous comments BEFORE an investor actually made the investment would have saved a lot of financial pain. Just the fact alone of having a Market cap of almost $180M with no revenue, no assets and nothing to back that up should have been a huge red flag. Now many folks are "stuck" in a bad investment at really high prices, with very few options. And who knows for how long this will be for.

This was the opportunity cost trap i was trying to help people avoid, which i KNEW was coming. Those caught at costs of over 0.50 will be stuck here for a VERY long time before recouping their losses...at tremendous cost. Why? Becuase the problem now isn't even the fact you have a big "paper loss", it's the massive OPPORTUNITY COST involved. Your money sitting here collecting dust while it could be working for you somewhere else. Oh well, i guess some folks have to learn their lessons.....the VERY hard way.

I hope SOME of you do recover at some point, if you were just a naive, novice investor looking for some decent investment. For others, especially the loud mouths, spammers & pumpers...... you deserve ALL those losses ....and then some. Because not only did you get yourself in trouble but you misled a lot of innocent folks with your pumps & misinformations.

The lesson here......is an old Latin adage...."Caveat Emptor".... which applies both on the investment AND the ONE who is trying to sell it to you.

Good luck & God speed




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