Post by
Jaydcrzy on Jan 13, 2021 1:38pm
Financing
Mara just raised another 250million $$ . Last time DMGI raised cash it was at 17cents a share and it was only 1million $ .. The only profitable aspect of mining is selling the rigs to do so. Within 3 months they already cost more in power then what they pay back.
So now DMGI is worth 200 million $ with no cash and barely no revenu. There are also 3.6 million options at .65cents management gave themselves. I can see a huge capital raise coming to follow suit what Mara just did. The brokers have most likely already shorted 20 million shares at 2$ and they will be able to buy them all back at lets say 1.50$ ?? Maybe they raise 50million and give themselves a free warrant too. That should put a cap on shareprice and bring this back down to the realm of reality.
Just my opinion I know btc is going to the moon rigghttt