Post
Topic
Board Securities
Re: [PicoStocks] 100TH/s bitcoin mine [100th]
by
bulltrap
on 23/12/2013, 09:24:57 UTC
Could we get some comments on the 10000 share wall at 0.04? It seems this is advertised at: https://megabigpower.com/shop/index.php?route=product/product&product_id=68. This is how tytus commented about share price earlier in October when we were at around 0.06btc per share.
Share price will only improve if we add more hashing power. We work on this full time.
Share price never really went up from that point and now there is a huge insider sale at 0.04.

Price was just recovering and we were trading at around 0.06 per Ghash. 1 Ghash in cex.io is currently 0.066btc, why put up a huge wall at 0.04btc per Ghash? All that wall does for now is lower the share price, only ~350 shares have been sold from the wall. This is not really a nice move for shareholders and people who bought above 0.04, we don't have enough liquidity for walls like that before there is a new interface for more people to easily join the mine.

Are more sales like this planned or is this a one time deal? If it's for promoting the mine I think it would be better justified. Still would be nice if these kind of huge sales would be announced in advance. There was a discussion about the same topic before and tytus said he would announce the sales 48hr in advance:
This is a good idea. I will report the desire to sell shares at some price 48h before I place the order.
Hope the interface improvements are coming soon to improve the liquidity.