Member Info for HopeGreedNothing

K3MCV - if some asking for some clarity on how they spend their money sends you into an rant, then your probably best to box me. atb

K3VMC - 'You get told when management decides to tell you.

Well i should have been told in this mornings video.

'It’s your choice to stay invested or not'

yes it is thank you.

'but you don’t get to choose your own information'

not sure what this means, i am not choosing information i am asking for information,

If you think you can run the company better, why don’t you apply for a job with them, or try to get elected to the board. I promise I will vote for you'

will 1 vote be enough?

.

Shares121- 'They sell a bit of btc (not even equal to the months mining) - everyone cry’s and moans'
most people have welcomed them selling some BTC.

'They probably needed the funds for I don’t know say fee’s they need to pay or maybe let’s say some machines orrrr maybe the big facility they are building'

Thats right you don't know.
But don't worry neither do the rest of us.

'how can we grow without capital and if we can’t grow we stagnate,'
yes but how is the 2+m capital being spent..... that's right we don't know.

Hexam - 'And perhaps that was actually the purpose?'
How will we ever know unless we are told.

Hexam - 'HGN - You've said you "agree at selling some BTC at good prices" - so isn't that enough for you as maybe that is all they are doing? Just like a prudent shareholder maybe they are simply top-slicing to take advantage of high prices rather than spending the proceeds immediately?'

i can only go by what was said and it was stated that the money was to balance the portfolio, there spent/earmarked already.

'I'd much rather they did that than hold all the BTC forever - that would be like a gambler in a casino never cashing in any chips when he's winning.'

i agree in spending limited amounts of BTC depending on its use. As the other side is 48k looks good today but may look terrible at the end of the year if BTC goes higher or very good if BTC goes lower.
Hence what is the money for? i would have thought that simple question is something all shareholders should be considering.

'your real question seems to be what are they spending £2m on? Do you really want to know where they spend every £1m when they spend it? That is some serious micro analysis.'
This company has been hodling every single BTC for some time now, now we get an Rns that states they have sold 61 BTC. The purpose of the video was to explain the RNS was it not, a video that states it is for balancing portfolio, with no further explanation. not much of an explanation.
So why the change, why now selling BTC, is it a one off, or will it be more fequent?
Say the money was used to prop up a losing investment or it was used for working capital, depending on which one it was for then value of the amount begins to matter and your opinion is like to be different also, so yes easy to say only 2mil, but not if it is wasted. hope that makes sense.

Everup - yes the points were of a facetious nature mainly to illustrate the overall point.
are you not curious what the money is being spent on?
asking argo - i may do.

BodRuncie - Selling BTC provides working cash flow without the need to place more shares. They sold at an average of nearly $50k, which is close to the highest price over the last 4 months. They didn't sell any during the recent lows, so there is no panic going on.

how do we know that is what the cash is being used for? there is no detail.

agree at selling some BTC at good prices, but would like to know where the money is going.
i mean 'balance portfolio' tells you nothing.
is it for working capital?
is it to cover investment losses?
it to cover gambling debts?
it is to give to charity?
is it for investment in mates business?
you get the point what is for?

mrwhite21 - HopeGreedNothing - you may be right , but he was sent a lot of questions but he chose to select this one at the Q&A.
i assume because it is an easy answer, ie 'we consider all options' and yet still not actually telling you anything.
That was a 15 min video, the amount of useful information could have been condensed into 2 mins.
yes it is great he comms with shareholders, i would just like more clarity on certain things.

Lottohopes - They have effectively sold only 43 coins or coin equivalents. Good strategy hedging risk imho. Good luck all
i must have missed your calcs the RNS clearly states they sold 61 BTC why have you changed it to 43?

Dadsbatty -
In the video he dies say they sold to balance the portfolio so I assume they are investing elsewhere rather than just spending on Texas etc ?
Questions should be asked for more clarity around this statement, what was the money used for? balance the portfolio??? i am no clearer on what the cash is for, if anyone else is please share. (with facts).

mrwhite22- Also PW highlighted a question asking if we would be working with Tesla on Solar Panels , and then said all options re solar power being looked at. May be reading to much into it but seemed bit strange to mention Tesla if not being considered.
Yes you are reading too much into it. It was not strange to mention tesla, he was asked a question regards Tesla.
Another Maaaayyyybbee delusion.

K3VMC - Believe it or not i hope all invested make money.
There are certain aspects i don't like, I understand the need to progress and that there is nearly all ways a price to paid,
but it depends on that 'price' and who is paying for it.

Apologises but I don't give tips casually or otherwise.

K3VMC - So would Peter and he is upgrading on your money and leaving you in third class.

Rorydiho - Haven't even got to the main course yet.
Cant remember but someone once stated that Peter would hardly dilute himself, well now you know why that will never happen.

Mark 1973 - Not for a while there, the ostriches had their heads firmly in the sand.

K3VMC - get ramping.....lets see how you can polish that turd :)

Argobull - As unlikely is not a definitive, then its just as likely that i am.

Everup - For a moment i thought maybe i was not explaining my self coherently enough, but now i understand its not my communication skills, but your ability to decipher plain english correctly.

'From what you are stating it probably looks like you have reached that point and that time frame has expired' Maybe in your world but to those that understand english is states the exact opposite. In that the time frame has not yet expired.

Everup - i get the impression i am talking to myself when conversing with you and you don't seem to have grasped what i am saying. It must be my low cognitive level that is confusing you.

I have a time frame and unless i see what i want from the company then i'll be selling. If i do sell i will let you know. Till then i'll continue to call it how i see it.

Everup - @ 09:54 What you are saying is that i should not comment in the negative about the company or CEO at all, no matter what!, in fact instead of voicing my opinion i should sell because you don't want to read an opinion that is not to your liking.

I don't have to erode my investment the CEO at this stage is more than capable of doing that.

Your everything is wonderful and CEO is beyond reproach FUD is the worst of the lot.