Member Info for Chaebol

It appears no shares have been issued since July so recent machine purchases were not funded through dilution.

HC,I don’t know what makes you think the above but from September up till now clsk has diluted nearly 24 million shares over 50 percent 41 million to nearly 65 million.

Lol he needs to join the queue x;)

Lol has la been whacked ? X;)

The Walls lol nasty feckers

Lol debt and interest up to their eyeballs, lend me more lol

I’m looking forward to these favourable rates.

Lol you will always be nada capisce pi x;)

He’s been good lately.

https://twitter.com/CryptoCapo_?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Been on the money recently.

How does he borrow on favourable terms? When he hadn’t done that the previous 18 months ?

What collateral do they have left to hook out ?

https://capedge.com/filing/827876/0000950170-22-021962/CLSK-424B3

There were 64,807,154 shares of common stock outstanding as of November 2, 2022.

Yeh I agree hc, due to the scale I would have said corz is way worse than Argo, was very surprised to hear that from Fred, but I’d say he has better info than I do, or he’s another liar x;) will be interesting to see how this plays out.

Steve, Argo is screwed, needs funding or a massive btc spike both look very unlikely. The bonds went up 11 percent yesterday tho, they only pay 73 % per annum now x;)

This has a very strong chance of going to zero and parts of it feel intentional and that’s the problem with this space I’m betting that a lot of these miners are run by persons of the same calibre or worse than PW, I don’t think he is alone in his ineptness or intentional wilful destruction of the companies they run. Once those are still standing have made it through this, I believe we will see better accounting, better management and proper transparency although these companies are tied to market rules it all seems like the Wild West in this space currently and miner ceos do what they want, a prime example was the recent SI deal with PW but never announced who they were in talks with. I’ve never seen that before, It’s all very sleazy, but hey as evidenced you time it right in this sector and you can hit those 10 x.50 x 100 x your money. I am a gambler and that’s why I!and many others are here ! But also as evidenced lots lose as well.

When the axe comes down, like we have seen at Argo and corz, money and options become severely limited very quickly for the miners. Interesting that Fred at Mara said yesterday Mike at Corz understands how to deal with fin institutions and how to restructure debt and may get out of the mess they are in, he fears PW doesn’t have that and sees bigger problems for Argo to survive.

Looking at historical trends btc bull time will be back after the halving, I’d be surprised if that trend breaks.

Will be interesting next 24 months as imho btc is going lower, 20k is amazing number for btc in its history , it’s the miners that made btc cheap, but btc doesn’t care about that, if we see 15k btc or lower in the next few months then we will see the pain I expect, it needs to flush out the pw’s etc for this sector to grow again.

GLA

https://www.youtube.com/watch?v=3fyAd9vHv34

Good update from Fred mentions pw debacle and corz.

But trying to justify a mafia rate like ab did because the machines are such low value isnt the way to go imho x

No that small loan of 2 million at 12 points is payable right away, im sure, its only 173 k a month, the interest rate isnt credible and speaks volumes for its integrity with financial instis, and more importantly those rates were the start for a lot of the miners declines we see now. it is what is, good luck!

I should have clarified the whatever way you spin it was for AB x;)

No im not being belligerent at all, you have your point of view and I have mine, if you disagree with me thats not me being belligerent. In this game for a long term hold i need to trust the bod, and with CLSK I dont. Thats it, too many red flags for me.

Yes they've done some fantastic buys at an optimum time and yet its nearing an all time low share price again, when something doesnt add up it usually doesnt, the whiff of the bod stuff isnt a secret and imho a big problem to overcome for them if they want to be taken seriously, ie decent loan rates etc. Im sincere when i say i hope it works out well but that doesnt mean i have to agree for the sake of agreeing, I can agree if the facts are correct but this is all based on future projections, conditions and opinions.

Reject 19 out of 20 lol that’s a line from Gordon gecko.

Whatever way you spin it borrowing money at 12 13 points is awful, burning all your dough during a crypto winter that no one knows will end. Could have a big tipping point, I hope for your sake it gets to the next bull run intact.

You do get livid pops x.

If that’s you sitting in that car, please please please………..

Smile x

Yes HC, we pay and take our chances, I see the risk reward attraction.

Selling all your btc continuously at these low prices doing atms at nearly all time lows, borrowing money at mafia rates has to have a tipping point.

But then oh yeh bod get a bonus for the loan, then they get a bonus for the shares issued and a bonus for the extra eh, so I doubt the bod really care much as long as those bonuses keep getting paid x;)

I didn’t say that link was for Argo machines.

Clsk are borrowing money at lunatic rates, the rates that got the Argos bitf corz etc in the brown stuff.

5.7 million deal went through on the Monday, but I can’t confirm 100% if that’s the atm dosh, just been reading this

https://fintel.io/doc/sec-cleanspark-inc-827876-8ka-2022-november-02-19298-1655

At the closing on August 17, 2022 of the Acquisition, total consideration for the Property and miners consisted of (i) $1,961,747 in financing provided by the Seller to the Company at an interest rate of 12% per annum, to be repaid in 12 monthly installments of $173,651, (ii) the Company?s assumption of a mortgage with a maximum principal amount of $2,158,253 and an interest rate of 13% and (iii) $19,771,610 of cash consideration paid by the Company to the Seller.

Those 12 13 point loans don’t end anywhere good. I know it’s a small amount but they all start like that, I remember bitf borrowing at 14.5% and now they’re hanging on as well.