Bullish technicals on the weekly (Bouncing Off Support/ Golden Cross/ RSI Oversold). Bitcoin reversing the downtrend into a bullish February. Additionally they have one of the largest orders of Bitcoin Mining Machines. With a merger pending to be complete at the end of this Q1 with Gryphon mining.
This is a no brainer. The sky really is the limit. Let's see how high Rob Chang can take us. First two targets on the chart.
You are misinformed. Reverse split is not a fact it is a possibility only if certain parameters play out. Also Bitcoin is not going to 20k. Short ANY for me and see how that works out if you are confident in split.
tb1964
⋅
Really? Here's my take...There's nothing behind such a move, other than management's decision to conduct a 1 for 5 reverse split to maintain its Nasdaq eligibility, and other than its pure reliance on Crypto moving higher in the interim, which at the movement is stuck in a correction phase and looks to be headed to sub 20K. They have a 63 million issue, which means after the split these guys will re-issue and sell more stuck to fund ops. That's the company's own answer to maintain eligibility, not that they are confident in their existing business model to drive the value of its stock higher. How is that good for the company's price action in your opinion? Investors don't like that strategy, just read the posts on Reddit and decide for yourself.