CryptoGlobal Corp - Ordinary Shares CYXTF

CPTO is an overvalued scam

[Dmajorminer]

Sixty million or so shares become free trading in less than two months.  I would'nt want to be long the stock at this ridiculous market cap when that happens.  Company also has no cash left.  Less than a $1MM from what I hear.  All the money that pays for the shady promoters and fancy commercials and videos cost LOTS of money.  Trust me that a big money raise at sub $1.00 is coming very shortly.  MCAP just needs to short more stock first. 

At .10 cents a KW there is no economic model here that works.  This is the most uncompetitive miner in the space.  Its just a matter of time for its ridicucuous market cap comes back down to earth.  Absolutely the share price in two months time will be less than .75 cents (or down 50%)  from where its trading. I guarantee it.

Sure they have machines ( half which are almost obsolete ) .  However they are losing money right now mining even on the S9's at .10 cents a KW and the price of BTC under $10,000.  Furthermore bitcoin mining fees are a lot lower than they were a month ago.  Its a triple whammy of bad news for Cryptoglobal.  Wait till they have to pay the electircal bill.  Suddenly they are bankrupt.  Why do you think they have to spend millions moving to Quebec.  Simple answer.  Hamilton is a money losing location.  In my meeting with Bitmain i found the electricity cost breakeven on S9's to be in the .06 to .07 cents per KW range. Without a money raise in the very near term its all over for Cryptoglobal. Its just plain math.  Note that none of these promoters they use on these boards is able to prove an economic model in this current environment that actaully makes money. Don't beleive those fantasy numbers in the glossies.  I'm sure OSC will vet them shortly as innacurate if not complete lies.

[ThomasJ0000007]

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[steven000000000]

It appears "Thomas" has met his match. This other poster appears to be brilliant and provides an excellent synopsis of the reasons CPTO is worth less than .80

[ThomasJ0000007]

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[Dmajorminer]

As if things could not get worse for Cryptoglobal , it now has.  In addittional to declining Bitcoin, Dash, and Ether prices the fees have also dropped like a stone. The addittion of Segwit to Coinbase and Bitfinex have made things even worse with fees declining even further.  The fact that almost half of Cryptoglobal's equipment is outdated and they are out of cash is very

[ThomasJ0000007]

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[Dmajorminer]

Really !  " Wrong" is the best you can do. You and all your Psydo unoriginal promo Id's that all have ten 0's in them.  Never been able to debate even one sigle accurate point I've made....LOL.  Here is some proof the Crytoglobal is dead in the water and losing money hand over fist. Notice I also missed the fact that Bitcoin's percentasge of overall volume

[ThomasJ0000007]

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[Dmajorminer]

" Wrong again " ?......So far I've been 100% spot on.  Stock is down another 15% yesterday.  Expect another drop today.  Here is the latest.  Mining fees have now dropped from average of $26 to $3.  Thats a 90% drop in revenues for Cryptoglobal. Add in the drop in Bitcoin prices itself and its complete decimation for the whole mining industry.  It doesn&