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Mechanical Technology, Incorporated (MKTY)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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7.28-0.15 (-2.02%)
At close: 4:00PM EDT
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  • j
    john
    Good article in Living off the Market by Thomas Linzmeier this morning. http://www.livingoffthemarket.com/lotms-top-three-blockchain-picks/
    Bullish
  • N
    Neil
    BUYING OPPORTUNITY. Disclosure: I am long MKTY, and bought more at what I think will be today's low. Discussion:

    Too many people are likely viewing the Ecochain part of the business like a pure bitcoin play. The proceeds from mining may be in part related to bitcoin value, but also the efficiency at which it can be mined. The system is designed for that efficiency to increase if mining activity slows. That just happened with less complex algorithms being put in place after Chinese mining slashed.

    Ecochain is mining at a better rate as I type.

    The are on target to expand this business segment. It is generating revenue and soon profit that was not previously on the books. I feel it is smart to BUY BEFORE THE MONTHLY UPDATES SHOW PROOF.
    Bullish
  • N
    Neil
    There we go...Report a day late but NOT a dollar short. NICE QUARTER!!
  • T
    Timo
    Shouldn't there be an update totay?
  • T
    Terry
    I see bitcoin is breaking under 30,000 and may be on its way to 20,000. MKTY will likely follow it and break under 7 and on its way to 5. I will be a buyer around 5. JMO.
  • R
    RealityShift
    6 dollars
  • j
    john
    I tied to post yesterday but something was wrong with Yahoo boards. There is no dilution. These are all preferred shares.
  • N
    Neil
    I don't happen to think bitcoin is going away anytime soon. It will likely weather this storm like it has many in the past. Dropping below the psychological 30,000 level has led to a mini-crash....we I see as a buying opportunity. Full disclosure: I am long, and am adding to my position in MKTY. I don't own bitcoin itself.
  • T
    Timo
    Can anyone explain how they are going to make money, once there is no longer coin mining available?
  • P
    Penny
    Sent a tweet today to Elon musk about MKTY renewable energy for bitcoin mining!! 💯💯🚀🚀🚀🚀
  • N
    Neil
    Great to see their promised first monthly revenue report for EchoChain. Increasing sequential revenue.
  • j
    john
    Good article yesterday from Living off the Market. His thinking is what I have been saying. http://www.livingoffthemarket.com/lotm-technical-notes-mkty-mechanical-tech-7-85/
    Bullish
  • M
    Manager
    So Ecochain had nonGAAP profit of $0.5M in May 2021, estimated profit for the next 12 months = 12*0.5M=$6M with the current mining capacity of 2.3MW. After the scheduled scale up to 50MW (about 20 times the current capacity) by the end of 2021, the estimated 12month nonGAAP profit = $6M*20=$120M!!! The current market cap is only $100M. You can do the math urself, the numbers dont lie. MKTY should be traded x10 of the current stock price.
  • M
    Manager
    based on so little short interest (<1% of the float) on the stock, one would think MKTY is a value stock belonging in Berkshire Hathaway's portfolio, yet it is a fantastic growth stock thanks to EchoChain.
    Bullish
  • N
    Neil
    @john...thanks for the link. There does seem to be resistance around $8....agree with an accumulation going on...manipulation wouldn't surprise me. Have a feeling it will break out nicely once we pop above $9.
  • M
    Manager
    The first monthly update confirmed EchoChain growth story, $50M sales in 2022. Buybuybuy
    Bullish
  • g
    glenn
    The key to investor success here is simple yet hard:
    It requires patience. MKTY has exception management
    that will execute well and look out for shareholder interests.
    That will take time. Within 2 years time I believe MKTY has a
    good shot at $80 a share which is around a 10X return from where
    this is at now, yet still under a $1 billion market cap. The stock price
    will really begin to take off once institutions begin to move in. They
    want a totally green power source. If management delivers the
    efficiency in their projections then management will be seen to be
    competent and trustworthy. Those are two essentials when investing
    big bucks. Right now we see this from management already. By the
    time the big boys figure out this company has what they want the
    price will be substantially higher. Much to like here...but it will take
    "time" to play out.
  • j
    john
    Looks like whoever was trying to accumulate under $8 upped the ante.
    Bullish
  • D
    D
    Bet you a dollar Mr. Wonderful turns MKTY into a $2B company through Soluna Technologies out of Morocco. He wants pure ESG coin… this is how he does it.
    Bullish