I know I said I wouldn’t post here anymore.
But let me just be clear about one thing.
DCC IMO does NOT face insolvency in the near term so anyone suggesting so has obviously not done their research on this.
To be fair I have never been as bullish as I am now on the price of BTC.
It’s managements lack of progress that gets me to be pessimistic about DCC.
Furthermore, as at 31 dec 2019, there was a 1.3 US cent NTA per share. Take away ~700k us for this quarter and you still have a valuation north of .015 aud. The question is what value are shareholders getting from these staffing and corporate expenses.
Anyways, it’s fine to be critical but I find it just as foolish to make calls such as insolvency.
BTC has to perform now, as what is happening in the banking system and with monetary policy is what BTC was built for. If it doesn’t come out stronger (and I mean 20k+ per BTC) then there might be a flaw in the BTC concept. Either way the timing of these dynamics is unknown, but anyone positioning themselves here at .012-.013 is actually doing pretty good IMO, which is why I change my sentiment to Hold now.
Gltah and dyor
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4 | 262108 | 0.039 |
7 | 159819 | 0.038 |
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7 | 834303 | 0.036 |
Price($) | Vol. | No. |
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0.042 | 80000 | 2 |
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