Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs
It's a ten cent company. Hasn't achieved a single thing since its inception. The reality like a lot of theseMicky Mouse OTC operations is to give the founders lofty titles and a salary and nothing more. Take a ponce with a string of degrees after his name, marketing speak an 'e-commerce site using bitcoins' and take it public and hope for the best. The least novel business in the bitcoin sphere. Then when that fails. Marketing speak 'mining' as Transaction Verification Service. All snake oil speak to make it sound unique to sap investors out there. The problem is all in this sphere are more savvy than that, and that is why it remains a ten cent company and forever will.
Here you go:
http://www.financemagnates.com/cryptocurrency/news/btcs-says-future-uncertain-in-sec-filing/
Monday, 11/16/15 /
BTCS Inc (OTCMKTS:BTCS), formerly Bitcoin Shop, reported a net loss of $3.8 million last quarter and $8.4 million year-to-date.
Genius.
By the time these guys got to market the market was dead with this 'bitcoin shop' like wise by the time they get there finances in order, Spondoolies will have to reconfigure their chips even further.
Baffled why in the world Spondoolies even got involved with these characters. Zero benefit now or in the future. If this little OTC operation were ever going to succeed in doing anything it would have happened long ago. Wrong people running it and wrong ideas from start to finish. See unless Spondoolies has an ace up their sleeve like some new secret miner faster lighter smaller than SP50, that will shake the market and the world. That is once everyone is laden with the millions of 10 cent shares, an announcement is made next year and those shares suddenly become two hundred dollars a pair. But this cannot be the case by the virtue of the fact that 1. Spondoolies would have money men lining up to give them money for free and 2. this little OTC company would skip the piddly SP50 and blare such an announcement from the hilltops every where. They simply don't have anything and no one wants to give them anything. Dead as a doornail.
A miserable 750,000 USD to get SP50 off the ground? Could have gone public themselves, even quicker and easier gone some sort of crowd funding route. And since they no longer cater to the home miner, set up their own mining factory with all the returns and used machines that they may still have. Even team up with a Toomin and mine away. What's that at the height. 1500 BTC to mine before selling parts of the company to this OTC failing operation?
Big deal: "the first public BTC company around" means nothing when you're selling shit, means even worse when you cannot state mining for what it is as fluff it up as a 'Transaction Verification Service'
This is not a business any way you want to describe it. There's not enough room in mining for public share holders. Specially when you or your parents spent a small fortune affixing those university degrees to your name, you must draw a salary equal to them all.
Here you go:
http://www.financemagnates.com/cryptocurrency/news/btcs-says-future-uncertain-in-sec-filing/
Quote
Monday, 11/16/15 /
BTCS Inc (OTCMKTS:BTCS), formerly Bitcoin Shop, reported a net loss of $3.8 million last quarter and $8.4 million year-to-date.
Quote
Late last year the company shifted practically its entire revenue-generating operation to bitcoin mining, seemingly shelving its e-commerce aspirations (the segment brought in $0 in 2015).
Genius.
By the time these guys got to market the market was dead with this 'bitcoin shop' like wise by the time they get there finances in order, Spondoolies will have to reconfigure their chips even further.
Baffled why in the world Spondoolies even got involved with these characters. Zero benefit now or in the future. If this little OTC operation were ever going to succeed in doing anything it would have happened long ago. Wrong people running it and wrong ideas from start to finish. See unless Spondoolies has an ace up their sleeve like some new secret miner faster lighter smaller than SP50, that will shake the market and the world. That is once everyone is laden with the millions of 10 cent shares, an announcement is made next year and those shares suddenly become two hundred dollars a pair. But this cannot be the case by the virtue of the fact that 1. Spondoolies would have money men lining up to give them money for free and 2. this little OTC company would skip the piddly SP50 and blare such an announcement from the hilltops every where. They simply don't have anything and no one wants to give them anything. Dead as a doornail.
A miserable 750,000 USD to get SP50 off the ground? Could have gone public themselves, even quicker and easier gone some sort of crowd funding route. And since they no longer cater to the home miner, set up their own mining factory with all the returns and used machines that they may still have. Even team up with a Toomin and mine away. What's that at the height. 1500 BTC to mine before selling parts of the company to this OTC failing operation?
Big deal: "the first public BTC company around" means nothing when you're selling shit, means even worse when you cannot state mining for what it is as fluff it up as a 'Transaction Verification Service'
This is not a business any way you want to describe it. There's not enough room in mining for public share holders. Specially when you or your parents spent a small fortune affixing those university degrees to your name, you must draw a salary equal to them all.