Post by
ScarletSpider on Aug 20, 2024 10:25am
Most Likely Last Post...
On the whole i believe people will make money here when buying at these absolutely garbage levels but the catch is what we are seeing infuriating long hold time to do so. This continues to trade way below fmv as far as i am concerned and held and looking at where things are now we will be lucky to see a years close above .07. I cant wait forever sitting on all my shares and was saying i dont know if ot is 15k 18k 20k or 25k i would sit on but i finally decided after lots of careful thought and possibility of any decent near term uptick what to do which was dump down to 20,000 and buy back my shares in BTCW about 2000 not much at all.
I am not too happy with what this company has done over the year to be sitting at this share level and what is worse it doesnt deserve to or should to. Like i said those who hold the bulk of shares clearly havent helped hopefully as i said longer term ot if there is a buy out from some i said Playtech because they control the most shares BUT ir told me that doesnt seem tp be their intention (who knows as people cab change their mind) that i dont believe the value here should not be less than the equivalency of .50 to $2 but that is just my lay persons opinion and who really knows as these shares should not be sitting at .035 and ever traded below .05 and what i pegged .10. IR said to me that why should consolidation matter as to the price and movenent because we havent even done that yet and i fully agree although shareholders approved up to the 10 to 1.
In regards to the consolidation i asked why bother unless listing to Nasdaq or something the simple answer is because you dont want more of the same as what is going on.
I did say i hope that these huge companies dont give us a headache in terms of internal dissension because stocks i held in the past with billlionaires ended badly either dividing the companies into factions or them leaving with the share value being near worthless a bit better than 0 however i was told that everyone is in line with the vision which is what was in the presentation being in that 20 percent niche market.
All in all one can only wait and has to figure out what to do with his or her position. It wasnt easy for me to finally come to my decision because i cant have sellers remorse in cutting my once 43,000 shares to now 20,000 or had i kept waiting buyers remorse if other companies i almost bought badly outpace this one which many have. This is one of the few that is sitting very close to its new and old 52 wk low which it really should not be and a large part i dumped more than 50 percent of what i held. I was very clearly saying this is unforgiveable to sit this low well i made good on what i was saying and because of that i am not likely to add here. I had more hopes for this to become exactly like my largest dollar value position Acceleware but now it occupies the same consideration there forgotten but still has to hit what my minimum expectations.
This one given what i said 50 to $2 "buyout" that puts my minimum cadh out at $10k to $40k...i was initially looking 280k plus and then $50k mimimum so as much i didnt want my narrative to change or downgrade my cash out i am now looking more at the middle absolute minimum so $20k and equivalency of $1 a share if i get more awesome. I was hoping up to including 2025 but ir didnt give me much hope as to anything like that...the way i see it if it doesnt change in this year. BUT because of all the uncertainty the frustrating lack of any meaningful progression forward it is really hard to figure out the near to mid term share price abd i cant be fussing over it. We need to see proper and stable ranges which it looks like so far .03 is the bottom i was saying .035 with an outlier .03 but who knows if people keep walking this back hopefully not but regardless speaking only for my own situation everything until i cash out wont matter as now i am not likely to either sell or buy as i said this has the same status as Accelware off the table until i am the least bit remotely interested, buyout or hands forced which these low levels more or less are. Once we move forward i do expect the levels to be kept BUT should it start to do what we have suffered through that is forcing my hands and i will dump what i need to.
The company meaning those not tied to Playtech and the other 2 companies are weak and are simply will have to go along with them. I dont see this as independent of them which companies should be there is just way too much control outside of company hands so really regardless of financials which were just better and better every quarter we sit here where we should not be and this is because too many shares fell in other peoples hands but as i agreed with ir without the monies from them this would not be in existence so it is a nassive tradeoff clearly with growing pains and people dependent and sitting and waiting on the intent of those with controlling shares.
I will reframe from making any other comments because beyond this who knows what specifically will happen but the price is so lousy right now on the whole overall long term it cant get any worse but for myself i cant once again sit on more than 20k shares thats all i will tie up here. If this traded properly i would have likely held 35k possibly a bit more if at a dime. I dont want to say how i feel but it definitely isnt happy or impressed but i cant worry about that things are what they are and i need to keep my feelings out of all this and just make the best possible moves over here and elsewhere knowing that not everything will go smoothly and i simply have to deal in terms of making the best trading decisions as possible and build wealth systematically while managing my shares no buyers or sellers remorse just sticking to trigger points and determined core positions which no doubt i will leave flexibility as to whether add or reduce from. If i feel that companies have traded badly i cant really trust it will be much different moving forwards even if things level leg up i will not likely add this goes as to what i said abovr if my hands are forced so if for some odd reason after legging up decisively but if the share price gets hammered badly i will need to sell otherwise i look to hold for my ridiculous values possibly trading a handful while moving to super ridiculous or buyout whatevet.
Again at these levels people are most likely going to make a decent return but it will likely be frustrating in needing to hokd to realize it.
Lets see where things go over yime. Good luck everyone and as i said hopefully last post but i will respond on any internal comnent.
Cheers glta
Comment by
a2bman on Aug 20, 2024 11:53am
I cantblame the company. Sometimes you have to choose shady bedfellows in this business especially when youre starting out. But, at this level they can take this guy out with $6-700,000. Just get it done and be rid of him. Or, we can sit here for another year while he hammers the market.