Bitfarms Ltd (BITF)

[Gary Ray]

Ya but these bums keep replying.
I left and all these PM and notifications kept poppping up. What I should do?

[DBS]

You've been on ihub a little longer than I have. I don't post as much as I used to, but You should know by now, Trolls will be Trolls, which is all they have.And... By all means, don't feed them.
BITF has been a good play, plain and simple! I jumped in last month with 35K shares at an average of 1.78 and sold a bit too early last week at 2.91, but because of the way this is has been moving the past week, I jumped back in today with a 1/2 position of 15k shares at an average 2.87. Still looking for a little more down side next week as I am with RIOT, which I also got back into today with 1/2 position.

This will do very well in the coming months after BTC finally bottoms. GL

[stockhero]

You said you would stop your nonsense when it hit 2.5. It went over 3.

[steez]

You Will see next week uupupupppupuupuupupup go for it

[Gary Ray]

LOLOLOL buddy, I got some short orders lined up, what buy next week? You mad?

[Gary Ray]

They! LOL dumbest comment ever.
Who’s they? It’s up to market to decide and a 15% hit today speaks volume. Soft as sh!t
Baby sh!t. Time to short this loser

[steez]

Lol no you Will lose big its time to get more next week we Turing big listen to expérience lololooooo this Will go 5$ and + imo learn from steez money cash flow lololollllllllllll

[Smallblock]

Lol... do it. They raised the target to 5.50

[Gary Ray]

Time to short sell and to short heavy

Anyone want to borrow me shares?

[steez]

Loooolllll it did 100% 1.60 to 3.20 in few week wake up smell the Coffee normal pull back . Learn from it time to get more

[Gary Ray]

LOOOOOOOL couldn’t keep it hard huh?
Essentially yesterday was your last chance to sell

[Gary Ray]

Well done y’all

Should jump back in or nah?

[glenn1919]

BITF.................................https://stockcharts.com/h-sc/ui?s=BITF&p=W&b=5&g=0&id=p86431144783

[steez]

Watch and learn How to $$$$$$$$

[steez]

Hey dummie love m'y bag now $$$$$$"

[Going_4_It]

I read the article and I still don't believe a "Poison Pill" is worth the paper it is printed on.

You said "...can't..." buy shares and on that point I respectfully disagree. If you said "shouldn't" then I might agree, because of the problem that might result. This ios a Cause and Effect situation and that is all it is.

Now I am NOT saying RIOT should ignore the Poison Pill and go ahead and buy more shares. WHAT I AM SAYING is that words on a piece of paper, as in this so call "poison Pill" have no real power to stop it. In this day and age virtually everything is for sale, for example, when you can get any outcome you want in court by simply giving a Supreme Court Justice a ride on you fancy airplane. Anything is possible where money is involved and there are greedy people controlling the situation.

Furthermore, my shares are my personal property. I can sell them to whom ever I please. There might be a mechanism implemented on the U.S. exchanges that implement the poison pill. But not so in a private sale. There is more than one way to sell anything, should there be The Will, there is always The Way

The article you cited says the following:

"Investors who can't convince a company to drop its poison pill can attempt to persuade shareholders to replace the board."

So what we are really talking about is Voting Power, as in One Share-One Vote. Obviously, RIOT seeks seats on the BOD. In that regard I could give RIOT my voting Proxy for the shares I own. I don't think RIOT necessarily wants to own the shares, per se. Certainly they have better uses for their money.

Finally, I think the point of CAN or CAN NOT buy shares is moot. Because I happen to be well aware of what courts are capable of and what a good lawyer can achieve.

[TaperT2]

Here Learn some then give your guesses


https://www.investopedia.com/terms/p/poisonpill.asp

[TaperT2]

Well if you did some dd here , they cant buy any reduced shares once enacted


Poison pills are provisions companies include in their stock issuances that prevent anyone from gaining a controlling stake. They usually have share ownership thresholds set that trigger the issue of more shares to stockholders for a discount or for free. Thus, poison pills reduce a would-be acquirer's stake in a company, forcing them to negotiate with the board for ownership rather than forcing their way in through stock ownership.

[boo boo]

14% as of yesterday.

[Going_4_It]

IMO, I think this Poison Pill provision is meaningless and born out of fear and weakness.

It is not going to stop RIOT or anyone else from buying shares. How can it?

There won't be a bolt of lightening coming down striking the buyer dead if they do. Physics is not involved. If you have the money to buy on account at an exchange and a working mouse then a click or two and you have bought some shares. How can it stop them?

Of course, this so called "poison pill" might provide a pretext to file a law suit or file a complaint, etc. But in this day an age anyone can sue anyone else for any reason or for absolutely no reason. And court cases can take years to resolve. If RIOT wants to own BITF then they have the resources to pull it off. And then they just absorb the company and the law suit or complaint goes away.

I own substantial stock in both companies. So I am ambivalent to which way this goes. As far as I am concerned, as an investment, RIOT has outperformed BITF. So buying BITF would only improve RIOT as an investment going forward.

All just my opinion...

[boo boo]

Funny that the article has a key point of 'minted'. Really good for the miners.

Bitcoin Mining in the U.S.

[TaperT2]

As with all poison pills, those triggering the provision would not be allowed to buy stock on the same discounted terms, effectively diluting their stake.

[stockhero]

Over 3 premarket.

[glenn1919]

BITF..................https://stockcharts.com/h-sc/ui?s=BITF&p=W&b=5&g=0&id=p86431144783

[steez]

Wow you should take a course off ta

[Gary Ray]

Realistic is the word you looking for. If you didn’t get out this morning youz a bagholda

[steez]

Lol always négative wow now on youre on ignore to be imbécile dummies next by the way i am grennnnnn big time

[Gary Ray]

Meh, capped at $3.00 probably and right back down im sure

[steez]

Lol check now rookie lololo hope you learn

[Gary Ray]

Take it easy, no need to be racist on this board. I shall report you

[TaperT2]

Read this, from Mon. Today Bitfarms announced that it adopted a Canadian style “poison pill”. They’ve outsmarted Riot.

What a bunch of West Texas rubes Riot turned out to be.

Okay. This is my power alley, folks: takeover law and tactics.

Unlike a standard US pill, one that requires the full board approve any bid by a “non-desired” major holder (and thus may be attacked in the courts, if adopted during a hostile’s street sweep — as entrenchment), the standard Canadian pills are… more elegant, by far.

They are of a kind that may properly be adopted in the middle of a takeover fight, like this one. Why?

Because they simply say “street sweeps beyond 15% are per se coercive“, and thus… unlawful. [This pill gives current management breathing room to work on better deals, in secret — with more credible partners.]

Specifically, Bitfarms’ pill now cannot be undone for six months (and then only if more than 50% of the shareholders vote it down), and ends all street sweeps, by requiring a formal Canadian tender offer, open to all — and kept open for at least 105 days, and the tender bidder must agree to buy at least 50%-plus-one share, at the price Riot would offer, in this case. Here’s that bit:

“…Under the Rights Plan, a “Permitted Bid” is a take-over bid made in compliance with the Canadian take-over bid regime. Specifically, a Permitted Bid is a take-over bid that is made to all shareholders, that is open for 105 days (or such shorter period as is permitted under the Canadian take-over bid regime) and that contains certain conditions, including that no common shares will be taken up and paid for unless more than 50% of the common shares that are held by independent shareholders are tendered to the take-over bid….”

And, Confidential Note to Jason Les — $2.30 won’t cut it — probably nothing shy of $5 will.

So — as I’ve said, Riot dumped perhaps $120 million into a dead money hole, to get 12% — and now must offer perhaps at least another $710 million, or $5/share, to win the other 38% it must get it hands on, in order to have complied with Bitfarms’ Canadian-style pill.

It cannot just coerce small moms and pops in any more street sweep.

Riot can ask for a meeting to elect a slate of directors, but this gives the current board a minimum of six months, to work out its own white knight, or white squire, and / or come up with its own restructuring proposals — and offer those to all shareholders.

In sum, Messrs. Yi and Les… have been out smarted in a game of what used to be called (politically incorrectly)… “Mexican Sweat”.

Hilarious. and F Idiot braindead pinhead gary

[Gary Ray]

Whoops, my bad. You’re right. I’m gonna honour that
It really did strike $2.50!!!! Good luck folks
I’m out

[stockhero]

You went against your word. You said if the price hit 2.50, you would stop your nonsense and constant attacks of the stock.

[Gary Ray]

Dead dog here be careful folks reversal back down. If you planning on buying more , just sit and wait for cheapies. Under dollar incoming

[Gary Ray]

Very bashable

[steez]

Always bashing 🖕

[Gary Ray]

Old news

[TaperT2]

https://investor.bitfarms.com/news-events/press-releases/detail/246/bitfarms-announces-adoption-of-shareholder-rights-plan

[Gary Ray]

LOL are you?
Read my post carefully fool

[skydog526]

Are you very small in the head?

[skydog526]

Are you mentally challenged? I'm sorry sir but I said $2.50

[stockhero]

Volume is really strong today. BITF is becoming a lot more popular since all of the recent news.

[Gary Ray]

I meant I can’t comment anymore because i promised to bounce if it ever reached $2.50 which I’m shocked it did.
If you haven’t sold by now, you are playing with fire

[skydog526]

I am also on the sidelines now @ $2.50 what is your reasoning so we can all learn. I'm curious as my chart was saying overbought?

[Gary Ray]

Tru
I’m out
Good luck everyone

[boo boo]

BITF surpassed $2.50.

Post #1774

"I’ll stop my negative if it goes past 2.50 but I know it ain’t happening.
I’d like $3 so that I can grab a short order"

[Gary Ray]

That’s not a good thing chief. I would worry if I were you

[boo boo]

RIOT increased stake to 12% as of this morning.

[Gary Ray]

Come get this money clown.

Was it you who I dumped my 2.20s to the other day? Jajajajajaxaxaxaaxahahaha

[steez]

Hey dummie we at 2.50 now hope you learn hahahah