Sitting here and it just hit me that the CEO makes no sense in saying “if the price stays under one cent for five days, will do an RS!”
$Bit Brother(BETS.US$ no I want you guys to think about that for a second. How would that even put them in compliance think about that like right now we’re at what .0093 and say after that say after the fat fifth day, we’re at .0081. OK now think about when we do a reverse split what will our share price be? Think about it because when it’s $.20 and gets a reverse split it’s what two dollars correct or when it’s $.34 and we do a reverse split it’s $3.40 OK now do the math when it’s .0081 what does that make the share price on an RS? Are they stupid or do they think we’re stupid because the price would be $.81 after in reverse split which does not put us in compliance whatsoever. Am I wrong? Let me know in the comments what you think because I think either they’re stupid or were stupid.
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One word of advice to achieve success in the market. “Patience” Don’t chase it, let it come to you. #diamondhand
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DMoney2240 : that sounds like alot facts to me
Sumchi : I think its a ploy to do a buyback on the low. A buyback at this price would cost less than 6 million. They made more than that on this offering and had more than that in Bitcoin already.
FiReBiTriXiE OP Sumchi : That actually makes logical sense to me fr cause it wasn’t at all definitely looking into that would be beneficial and the price would for sure rise I think that’s smart thinking there hope it happens like that! And it could possibly be why they have literally killed themselves to keep the price under like that!
Sumchi FiReBiTriXiE OP : They kinda asked for it...
FiReBiTriXiE OP Sumchi : You have just calm my nerves cause I was pissed when I did the math lmao I was even thinking about selling out but I will wait
Sumchi : Sounds to me like they had a "Target" price.
Sumchi : Just checked and no regulations are stopping a buyback from happening after an offering!!!
Sumchi : Imagine 5 days from now after falling FAR under 1ct. Bit Brothers announces a buyback of 600,000,000 of the free float at 0.0100.
. News of operational capital comes in. Price 
.
Prices jump to 1ct after the announcement people buy and volume goes through the roof. Buyback is done and BitBrothers announces 100 to 1 reverse split and the price is back at $1 with only 30+ million shares. News of delivery comes in. Price
FiReBiTriXiE OP Sumchi : If they only have 6 million what bouts operational costs and other costs of mining like did you know it takes nearly 15,000 a year to mine 1 Bitcoin in electricity fr bitcoins price was 16,000 some dollars and they were literally paying the electric to mind. It was left with a fraction of the money like 1000 some dollars. Wild
FiReBiTriXiE OP FiReBiTriXiE OP : That also depends on the electric company and their rates
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