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https://t.co/67BGsxXyEY
$OLB still hanging sround while $BTC at 47k, $MARA, $RIOT and others are churning.
Maxim took over the spin-off process in September. Confidential S-1 draft filed with SEC Octotber 16th.
Personally, Iโm still looking for a decent gapper once record date will be released
$MARA $RIOT and even crappy POS like $ANY been ripping nicely. $OLB looks like a hidden gem at current levels. Only my personal opinion and I can be wrong. Do your own research and donโt listen to me.
$OLB big ๐ into Jan imo.
The crypto mining spin-off (Dmint) was valued at $29M when $BTC was trading around mid $20ks. So now with BTC trading significantly higher, Dmint should be valued around $50M probably. & that doesnโt even include OLB value. Currently trading at $13M MC
Management mentioned early 2024 as target for the spin-off if I remeber correctly. Dmint alone could be worth well over $3 at the moment, and OLB itself is valued basically zero $ it seems. Maybe Maxim doing their thing and letting it go when ex div date is announced.
@Hercules_Trader Theyโll find it soon imo
Spin-off plays have been quite powerful this year and this one is in a sector with decent exposure and momo. Just waiting for the filing regarding timeline. Probably gappy one day.
Thanks for bringing OLB up here a while ago. Really like the story
Did a write-up a while back and are more solidified than ever following ER
- Cash Flow +
- 0 Debt
Important note D-Mint was valued at $BTC 25K and we are now 45K.... So $30M valuation sitting $55M or [$3.50 per share + 30M Rev]
Fair Value PT sitting $5.00+ while this is sub $1...
Massive lag factor
@Hercules_Trader really shaping to be a decent play over the coming quarters.
Spin-off date and record date announcement should bring some more attention near-term probably. They said end of December, early January if I remember correctly.
$OLB mining subsidiary DMint spin-off approaching with an interesting valuation compared to OLB atm, while cryptos gaining momentum.
1,000 miners, 20MW TP....
No interest currently it seems...
https://t.co/hKaKZBneUt
https://t.co/sJ29m0fBb6