First quarter of 2021, holds potential for multiple news releases from Mech Tech (MKTY). These are related to completion of certain activities already outlined by management. Management hopes to complete the following activities in Q1 or early Q2. Event timing of activity completion and announcements for any company is a variable that is hard to lockdown. Keep in mind there can always be execution slippage.
- Cooperative agreements with Alt-energy (electricity) providers. 40 Percent of Crypto Mining and Blockchain development overhead is electricity. MKTY goal is to be the industry, low-cost provider of power for Crypto Mining and Blockchain App development through its data centers.
- Completed agreement for property acquisition and completion of design work for a Date Center for Crypto Mining and Blockchain App development.
- Up-grade to a higher-level trading platform for its stock. Most likely the National NASDAQ platform.
- Announcement of a round of funding to finance the activity for property acquisition, development and equipment purchasing.
- Release of a Business Plan and objectives for the second half of 2021 and 2022 upon completion of the activities listed above.
Sources for the assumptions above:
- Dec 10, 2020 Investor call Link:
https://www.mechtech.com/wp-content/uploads/2020/12/audio_only.m4a 30 minutes
- December 23rd, 2020 Letter to Shareholders Link:
https://www.mechtech.com/ecochain-prepares-for-growth/
- Jan 5th, 2021 Investor call Link:
https://www.mechtech.com/wp-content/uploads/2021/01/audio_only_1.m4a 30 minutes
Assuming related accounts to LOTM had cash we would be aggressive buyers going into these news releases. The company is not well known within Crypto Mining circles or Blockchain app development. A fundraise is a great publicity. Moving to a more visible trading platform allows bigger money to enter. There is room for discovery of MKTY as a player in the Blockchain and Crypto development world.
Technically MKTY is tired and looks to consolidate the move from Aug $0.75 to $6.50. Who can blame it? We intent not to get shaken out of the position unless absolutely necessary. As such we view weakness as an opportunity to add to the position. NOT a cause for fear of loss.
Greed Vs fear and inside me – greed is winning.
Blockchain / Cryptocurrency is the biggest new industry since the internet. XRP (Ripple) algorithms (Blockchain) account for 20% of all financial transactions in trade between USA and Mexico right now.
- Ripple Reveals $54,000,000 in XRP Remittances Sent from US to Mexico in One Week February 2020!H
- 7 Blockchain Applications in Logistics – Blockchain technology has taken the world by storm. While the majority of people think that blockchain is limited to cryptocurrencies, its real-world application scenarios are innumerable.
May the Force be with you!
Where Value meets Buy Signals!
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* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
Please refer to our web site for full disclosure at www.LivingOffTheMarket.com ZTA Capital Group, Inc.
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