RE:RE:RE:GoodBye CSTR........& good riddance!Mickymouse1 wrote:
"Well that's odd. The price is going up. Thought it was going to zero. Mr moo moo perhaps maybe you are wrong. Lmao"
A few things to flesh outhere & clarify with this statement above........so please stand by and be patient!
First, MY LAST WARNING for folks not to get involved with this.......and there have been many SINCE i dumped this in eary 2021.........AT a massive profit BTW.....lol.......(YES i too was s/h at one time & made a boatload of money when it WAS the time to buy such speculative outfits.....for those that don't know!).......So since my last warning ...which was a ew months ago......the stock wnet from 7 coppers to now HALF of that.....so i fail to see on HOW you've come to deduce that this has gone up LOL.......must be some new & revultionary MickyMouse mathematics/physics
Secondly, based on the company's latest financials........for Q1......asdisnalas they are......they are still mining..!!!! ......something lol....which is....as Mr. Spock use to say "quite fascinating" !!! Crypto*rap have mined a whole 3 coins/per month for Q1.....LOL......Not great .....but damn much better than the big fat zero i thought they would pop out!......I seriously thought they were smart enough to at leastshutdown operations & conserve captial for another day......BUT NO.....they still there with their shovels .....trying to dig up more coins......EVEN if it's NOT profitable to do so& it means taking on some significant losses.
But like i said.....that was PRIOR to the 2024 halving and now their revenues take a 50% haircut....probably even more..... because network hash rate diffculty has gone up considerably since then.........Result? What i stated about the fate of the company becomes reality sometime this year......when the money runs out....Which of course i a matter of not IF but WHEN.
As per the Q1 report.........The company had $2,7M cdn in cash. With the addition of the money that was raised in the PP. So........with a monthly burn rate of ~$1M/month AND quartely revenue being reduced to about 500K per quarter. How much time does the company have left before they have to close up shop .....OR find addiotional sources of funding? Well....IMHO.....if they can't find stupid/gullible investors to pony up more capital on the next few months.... in aprox 3 months.....the game is OVER........for good!
It should have been over last year.......but this Bonnie & Clyde duo......are trying to keep the shell game going for as long as they can....BEFORE they either close up shop for good......mabye even involuntarily.... OR rebrand completely!
See you folks in 3 months i guess.....lol......But if you're smart you will be gone by then as well.. ...actually you guys should have been gone.....out-of-here.........like yesterday...a long time ago...because for you folks ....the biggest cost for you was not losing a S load money on this trashi nvestment over the last 6 months....No........it was the massive.....AND i MEAN MASSIVE opportunity costs of being unfortunately & stupidly invested here......and not in a better....more viable miner.
GLTA