What the heck, right after i bought Arch at 26k sats.. The price suddenly went to 20k plus the buy orders are getting weak
Big pump will happen after big dump.Wait and see.
I hope so coz im planning to buy another chunck next week
Why the price drop ? Anything bad happening ?
Preparations to big pump due to moby prototype in june 24.what should we expect in the moby prototype?
@BTCarchitect is there any news about Moby making progress?
Quote
In the following two months, the Moby production team will be finishing the prototype mockup to properly evaluate production costs and draft a sound marketing and business plan to submit to the awaiting venture capital investors, the EU Structural Funds assigned to the program Portugal2020 and start a Kickstarter Campaign. Its important to underline the main detail of the Portugal2020 program, the minimum investment is 150,000.00 and ArchVentures is investing that amount using funds raised during the archcoin token pre-sale. This will be the starting market capital of FunnyPyramid of which ArchVentures S.A. will own 50% equity. * Portugal2020 Program ArchVentures needed to be located in Oporto because of the 21 billion euros that EU STRUCTURAL FUNDS 2014-2020 will allot, will mostly be distributed in the Center and North of Portugal (2 billion euros each) and Algarve (only 500 million) related article: http://www.portugal.gov.pt/en/the-ministries/minister-in-the-cabinet-of-the-prime-minister- and-for-regional-development/keep-updated/20140131-madr-portugal-2020.aspx and https://www.portugal2020.pt/Portal2020/Media/Default/Docs/avisos/AAC_10_2015_Demonstrad ores_Individual_30032015.pdf For the next two months (June 24, 2015 deadline), the company will strengthen and elaborate its candidacy to the Portugal2020 Program. Other private venture capital companies are competing for this funding and are awaiting this same economic study. This documentation will serve as concept pitch and business plan for http://www.portugalventures.pt/. *Sorry about the Portuguese but there isnt an English version of the Portugal2020 Program.
Translation just for you:
Edgar Soares and partners have until June 24, 2015 to finish the Moby Prototype to get money from the EU Structural Funds allotted for Portuguese businesses. This funding is very important in order to make decent mass-producing shipyards which will make custom parts of the Moby. Think of Toyota's assembly and manufacturing plants - how individual components need to be made. Toyota's parts megaplants in Thailand took three years to build. Also, there are other large investors waiting for the prototype. This is just the beginning of a multi-million dollar manufacturing plant.
Typical valuation for this kind of start-up operation is around $10 - $20 million marketcap. So, it's not going to be surprising when ArchVentures' shares will reach $1 per share in 2016.