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Yeh I got that one. I was just going to vacuum up another link about short interest if you happened to be referring to another one. Right now, I've got 2 and both are behind in their report data, so I'm just fishin' around for a site with REALLY current data.
Also, look it these two links:
https://www.cnbc.com/2017/12/08/cramer-bets-against-bitcoin-will-crush-it-once-futures-begin-trading
vs
https://www.cnbc.com/2017/12/08/cramer-bets-against-bitcoin-will-crush-it-once-futures-begin-trading
Somebody please.... whose ideas are the soundest here?
Imperial Whazoo
EDITED: oops.... the links are the same. Here's what I was pointing out....
1st, the top one is Cramer & the bottom window on that link is the president of Interactive brokers. They say diametrically opposite things. Thats whats interesting.
So, when you go to the second of my 2 links (above), go down to the 2nd window and listen to it too.
Sorry about the confusion.
Whoa baby, I bet you are right.
Please post a link to your source for that 14 mill short position. I've heard a hand full of references to short data in the last week but its scattershot, so point me to the exact link, if you will please do so.
Thanx
IW
This thing jumped into public spotlight for one reason & one reason only: their power supply news regarding entry into crypto mining hardware arena.
Here's just the latest main stream source listing them as one of the companies to buy if you want to get into the blockchain world.
https://www.marketwatch.com/story/ride-the-bitcoin-wave-with-these-11-cryptocurrency-related-stocks-2017-12-08
Major article take away?
No existing generalized vehicle for playing in this area of highly volatile disruptive technology.
Conclusion?
If you want to play it safe, buy all 11, which happens to include DPW.
Hence, the price explosion, the halt, & today's PR explaining that management is seizing the opportunity to make their balance sheet cleaner..... DPW is going to be put into lots of prtfolios over Christmas & New Year's, and it is going to be among the companies often talked about at parties over the holidays. simple as that.
Who cares if the Antminer s9 is best of breed now. The pace of technology development in general & shortages of supply make DPW an attractive alternative & articles like the above demonstrate that this opinion is the thinking being pre-masticated and spoon fed to senior level hedge fund managers, portfolio managers, and trading desk supers & that type of market participant.
DPW is one of 11 to buy. Simple as that.
Imperial Whazoo
Oh.... and is there any way to find out the specs on the new DPW hardware release yet?
The price did the normal thing.... dropped for a few minutes as people digested the news. then it climbed & stabilized. The issue is the future & if their new hardware for mining competes (the likes of Antminer S9's being the best of breed right now), this is a nicely positioned stock.
Nobody has weighed in, as far as I have seen, regarding what the technical data is on the hardware. does anybody on the board have links allowing comparisons with existing hardware?
Imperial Whazoo
OK. So now we know about the halt.
Basically, from a financial point of view, what the company did is quite simple: They seized the opportunity to improve their debt position by reaching deals with each of the parties named in the PR.
Each party cut its own new deal where there was a negotiated exchange of an existing debt obligation for shares, debenture, & warrants. Some of the parties were pretty darn ruthless & obtained a lot more shares than others of the parties. But net/net, what happened is that, on the heels of the news regarding blockchain technology power supplies and so on, the management made the decision that it was better to hand their debt holders an interest in the future via share positions than it was to go forward carrying the debt load they've been carting around for a while.
Thats what management is paid to do: make this kind of decision.
My conclusion is that this is for the better. Its kind of like one of us won a lotto of considerable size and we took our good fortune to our creditors and cut better deals. In the case of the company, they are only FUTURE cash rich.... not PRESENT MOMENT cash rich, so the only way they can parlay their new corporate direction into a better balance sheet position is via the promise of shares with which their creditors can participate in the future.
Thats my take. Just my opinions.
Net/Net.... not bad outcome. Makes the company stock a more certain buyable situation than before, IMHO. And if the creditors decide to bail, they sell shares, prices adjust, and I can evaluate the viability of buying at times like that.
My conclusion? 'Mikey likey"
Imperial Whazoo
Anything underpinning that idea or is it a hunch? Not that hunches are bad, mind yo.... :o)
T'wood b a satisfying thing ta happn, what with the price pullback in the cryptos this AM.
Imperial Whazoo
Yo yo, to quote Sylvester stalone.
Hi to you, too. Which one of my past blogs did we cross paths on?
:0)
Imperial Whazoo
Edited afterthought:
You pointed out the Canadian problem where there is little info being released down here. I pointed to the fact that SEDAR shows this to be the case because there are many docs on SEDAR bearing the legend "Not for U.S. release". So, given that they control PR & filings, limiting their desemination, what ya could do is look at SEDAR ever morning to see anything they have filed up there that would not show up down here due to this practice of theirs. Just a suggestion.
On top of which, its exponential not geometric growth.
Into your calculation, you could try to extrapolate a "compounding" daily rate of growth and then, monthly, offset that by a step-down in value to account for the ordering & setup of monthly new hardware.... decrementing the cash generated & available by a regular, monthly % sized purchase of an steadily increasing hardware buy.
Just to be conservative, try .25% growth per day on average & see how that compounding rate looks in your spreadsheet. Then try .5% monthly, and .75% and so forth.
Bear in mind that bitcoin prices exploded over 40% since EOD Friday.
Imperial Whazoo
Very nice.
Say, does everybody see that according to the ticker at
https://www.gdax.com/trade/BTC-USD
BTC/USD is, at open 12/6/17 = $12885, more or less?
Thats like 1300 up since EOD yeterday!
IW
Go to SEDAR.com and search the filings for HIVE.V. Last I looked, there were 52 of them. Go through all of them. I downloaded the relevant ones. Anyone wanting to grasp this company's potential needs to do this or you may make a mistake you could have avoided making. No excuse for laziness where money is involved.
Now, heres something I think has been misunderstood. I grant that I may be wrong, but I think that reading all the docs will support my conclusions: Unlike what is widely publicized on this board, by early 2018, HIVE.V, (PERLF in US), will have 4 functioning sites. 4 is my take-away. Explained in what follows. Again, I could be wrong.
At present, the 1st functioning mining site is in Iceland, but its actually unclear whether they have begun to operate the 1st one in Sweden. So, as of today, 2 sites may be up. 1 for sure in Iceland & another (maybe) in Sweden.
After the mid-point in January, there is PROBABLY a realistic expectation that they will either have 2 open (1st in Iceland & 1st in Sweden) or 3 open (1st & 2nd in Iceland plus 1st in Sweden). Soon thereafter, there will be a total of 4 up and running. I anticipate the date when it can be said that all 4 are up to be mid-point in March.
OK... now pay attention to the details found in the heading portions of various docs & please, folks, if I'm wrong, correct me.
Notice that there are documents amongst those worthy of download that SPECIFICALLY INSTRUCT that they, for reasons I cannot fathom, are not to be distributed in the US. My guess is that, were they to distribute them in US, they'd have regulatory issues with SEC.
Anyway, this is why I think there are going to be 4 total mines (2 in Iceland & 2 in Sweden) by Mid-March 2018. Some mining will be done in both BTC & in ETH (or various other GPU based alts). The dcos describing some are not distributed in the US. I may be wrong, though.
I do not know why there are docs deliberately held back from US distribution, but there are, and when I counted all the mines in the docs, both distributed in US & not distributed in US, I came away 85% certain there are going to be 4 total mines by mid-March 2018. Again, if I'm wrong, folks, correct my mistake.
Anyway, as of today, bearing in mind that its hard to decipher all this legal verbage unless you are so anal that even your dog would despise you, I am 85% sure I've read it all correctly & am thus pretty sure there are these 4 sites coming on line.
Now, as regards the issue you have of BTC vs ETH.
I'm not fully conversant between Bitcoin Classic & the other Bitcoin. Neither am I fully conversant on Etherium Classic and the other Etherium, but I'm about 85% sure, from reading all the legal mumbo jumbo, that HIVE.V is NOT mining BTC.
Now, let me spilt hairs on this: I'm 85% sure they are only minging ETH, but incongruently, i'm 100% sure they are only mining ETH in the 1st Iceland site.
What I'm uncertain about is whether the 1st site in Sweden is open yet, partially open yet, and/or whether it is an ASIC or GPU based site. So, if its open then they may be mining both right now. Follow?
The technical issue is that the mining operation they bought from Genesis is not an ASIC based operation. Its a GPU based operation. The new sites (the 2nd in Iceland & the 2 in Sweden) may be a mixed bag.... or thats what I had as a take-away from all the legal mumbo jumbo.
But note that I am not 100% sure I've got it right about HIVE.V eventually being able to mine both GPU & ASIC. What I am sure of is that, right now, they only mine the ETH vein (GPU based hardware)in the site they bought in Iceland.
OK, so now to your problem with whether rises in BTC prices translate to rises in ETH.
HIVE.V benefits from ETH price rises in a direct way because thats what they mine in Iceland right now. But watch this fact: In November 2017, both BTC & ETH rose about 49%.
Hence, it is safe to say that the effect of BTC price rises is that you can reasonably expect similar rises in ETH prices.... RIGHT NOW, that is. The two currencies behave differently, but not right now.
I hope some of this helps.
And everyone needs to bear in mind that I read all the docs about 3 weeks back & I've not gone back & re-read them. I am openly stating that I may be wrong in certain conclusions, but not intentionally. Also, if someone is better equipped in certain areas I've misunderstood, please correct me. I'm not proud. I want to know the reality. So, fix errors in what I think I know and, in so doing, help the rest of us out.
Its a huge subject and we need to grow together.
GLTA
Imperial Whazoo
Thanx man. Sometimes, when you look at something and you seem to be out there on a ledge alone, you kinda wonder if you need to follow everyone else or trust "what yer lyin' eyes are tellin' ya".
IW
Thanx because I keep reading this thread and some folks appear to be lost in the underbrush, it seems to me.
I went back over all the verbage several times and it looked to me llike the entire event was a settling up, as it were, where the company was having to make good on shares/warrants/debentures it sold to certain investors. The shares are not, techniically, "dilution", simply because the company bought them. They only become ditutive if they trade. Now, any warrants will generate shares (that those putting money into the company via them may dispose of), but the warrants have not actually been converted to shares with the SEC filing that is reference here. Not yet.
Again, the shares bought back from the insiders and/or accredited investors only become dilutive if the company turns around and sells them in the open market. Because the BUYER is the company, not the other way around. Thats how it looks to me.
Given that the company would have to issue filings to the SEC to cover the event of turning around and dumping these shares they have bought back, we will see those filings if they happen, correct? So, if somebody better versed than me can tell the rest of us, am I correct that its either 30 days or 45 days they have to file? And all of that assumes they will dump them into the open market.
Me.... if it were me sitting in the corporate throne over there, I would not be selling these shares back into the market. No way. If anyone does not realize that ETFs and mutual funds can not buy shares of companies below a certain price, they need to do some more reading. And look back over the years at the share price here. They have NEVER become the kind of price appropriate or name-recognition-appropriate company that puts them on the map so that technology ETFs & mutual funds are free to buy and hold them.
UNTIL NOW, that is.
The ambasador of a company is their CEO and if this guy, whatever his name is, wants the company he oversees to get recognized as a company worthy of being held by technology ETFs, he will NOT dump shares they have just bought back.
He will let them sit in the treasury and he will manage events to navigate this company into a reconizable technology name. He would have to be dumber than a box of rocks to destroy the events of today in the market by dumping shares into this price event. If he is that stupid, he deserves to be canned tommorrow. My opinion only, but thats what I think.
He will NOT achieve the name recognition, and hence the advancement of his own career, if he turns around, undermines this breakout, and sells these newly obtained shares.
I mean, people.... ya gotta keep yer eye on the ball. Don't get distracted by the flash and glitter and all the sparkling lights.
IMHO.... but thats my take, honestly.
Agreed or disagreed?
Imperial Whazoo
Correct me if I read this wrong, but these share re bought from the holders by the company, so they don't trade freely. they are issued but am I right in reading it that the buyer is the company and as such, that there is not some dumpage going on. In effect, they are going right back into the treasury, issued but not any inpact on the trading that is going on? Am I reading it right or did I miss something?
Imperial Whazoo
Thanx but I'm confused. Since you say there is nothing on Thursday and since the post I 1st replied to refered to something happening on Thursday, did you make a typo or something or.... well, I'm puzzled.
Maybe it was something an earlier post refered to & if so, could you provide hat link?
TIA
Imperial Whazoo
What are you anticipating happening on Thursday?
TIA
Imperial Whazoo
Thats what I was going to say, pretty much.
My "guess", too, is that they will counteract the potential for selling by creating an incentive to NOT sell.
Also, for those folk keping track of dates, this is the other date when a chunk of shares pop out into tradability: March 15, 2018
https://www.hiveblockchain.com/news/hive-blockchain-closes-345-million-bought-deal-financing-and-expands-production-of-newly-minted-digital-currencies/
Calander dates also include: 1/15/2018, which is meaningful because:
there are at least 3 minor ETF companies who are already positioned to bring out ETFs and at least two of them are filed with the stated intention of a launch date 75 days from filing, which is that 2nd Monday morning in the heart of the cold month of January.
One of these, Reality Shares' ETF, is to be built around a blockchain index made up of 5 stocks, all of whome are large companies involved in blockchain, but which will specifically include HIVE.V among these other 4 companies. This makes HIVE.V importand due to its inclusion.
Imperial Whazoo
Me too, man.
I got on line to prep for tomorrow because I'm a long-in-the-tooth day trader & this is what I do on Sunday night. So the first thing I do as regards bitcoin & Etherium prices is I get on line at
https://www.gdax.com/trade/BTC-USD
and its BTC/USD 11400 m/l right now.
Bodes well for tomorrow AM, and if you want to see what is happening worldwide, Venezuela said that, to get out from under the control mechanisms of US monetary policies, they are creating a blockchain currency that will be capitalized by their gold/silver/diamonds/Oil & Gas assets.
Ya think maybe things like that are somehow evidence that the countries of the world, most of whom are way in the red, both politically & financially, are in effect, placing their financial inflation/insolvency into cryptos?
And if that is not an obvious vector to generate inflation inside the cryptos themselves, I don't know what it would otherwise be described as.
In effect, the inflation naturally accruing from financial insolvency will manifest in the cryptos as monied entities in insolvent countries use cryptos as an escape pod to reboot from.
The upside is unimaginable because the recent financial fraud in all these insolvent countries is too widespread to measure.
Imperial Whazoo
yep. i do dd & when i saw that riot was affiliating itself with a company that is under way with a project involving quickbooks, it immediately clicked that this was a very primo relationship to have. everybody does something with quickbooks. ?it is a natural for blockchain. its excellent info, imho,
imperial whazoo
Here's the special sauce are regards RIOT in the blockchain universe, IMHO. Look at this PR, an article entitled: "Riot Blockchain Announces Strategic Investment in Verady, a Blockchain Technology Company"
https://ir.riotblockchain.com/press-releases/detail/17/riot-blockchain-announces-strategic-investment-in-verady-a
OK, so now lets look at Verady.
http://www.verady.com/services/
Here we find something VERY INTERESTING.
Here's how I look at it.
As of Nov 1, Bitcoin was at 6783.69 m/l
At EOD Nov 30, it was at 9903.00 m/l
Thats a gain of 3119.31 m/l
Thats a % gain of 45.98% m/l
ETH was similar, actually slightly better.
Over that same prior, in gained 49.23% m/l
I'd say that looks rather good, either way.
Imperial Whazoo
An absolutely fabulously helpful reply to my original post. Thank you greatly.
Now, I looked on the company web site & the link to their SEC filings but could not find the document you refer to that references the 127 million shares. Do you, or someone else, have a link to that document so I can take its details in?
Also, as regards your comment that the deal may be too expensive: if shareholders do not have voting control, which I think they lack, its is not going to be a stopable matter.
Does management actually have voting control? Generally, with little companies like this, management sets things up so they are in control.... After all, the last thing any small disruptive company wants is to be taken over near the start by a predator, so they always set things up so they don't fall prey to a hostile takeover. The other side of that coin is that, when they want something like this to happen, they don't even propose it unless they can pull it off. Voting by common shareholders is usually just a formality.
And this morning, the futures trading on bitcoins on CME gained regulatory approval so there is every expectation to think that 127 million shares is NOT too expensive if the value of cryptos continues to skyrocket.
Finally, what is an S4?
TIA
Imperial Whazoo
Say, I've got a question or two for anyone who might know an answer.
The PR...
https://www.marathonpg.com/news/press-releases/detail/1166/marathon-patent-group-to-acquire-global-bit-ventures-inc
...has this quote from a gentleman named Charles Allen:
"“This transaction marks a major milestone for GBV and sets the stage for rapid revenue acceleration in the years ahead,” stated Charles Allen, Director of GBV and an early mover in the digital asset industry."
Elsewhere in the PR it says tha MARA is acquiring 100% ownership of Global Bit Ventures.
"....it has entered into a definitive purchase agreement to acquire 100% ownership of Global Bit Ventures Inc. (“GBV”), a digital asset technology company that mines cryptocurrencies. "
OK. So, the word used here is "mines", which is present tense, which means the mines are currently open & running.
OK, so here is the link to GBV's web site:
http://www.globalbitventures.com/
Scroll down to the section of the web page called "Our Current Operations" and it says that thier "Location Is Secured And Buildout Underway" and "Mining To Commence In Q4".
So, since the PR refers to this company (GBV), and since the web site of that company says that the mining is to begin Q4 and since this is Q4, can we safely conclude that the mining opeeration the PR refers to the one refered to on GBV's web page and that it has newly begun operations, having only recently completed build-out?
Also, is this Charles Allen the same guy who started and is currently still affiliated with BTCS, which was the earliest tradable OTC company in the Bitcouin arena? Does anyone know if this is the same guy?
I went to youtube and listened to a bunch of videos involving a Charles Allen and if this is the same guy, then having him associated with MARA is a big deal because he is very knowledgable and known in the industry.
And given that this is a 100% buyout, and given that Mr. Allen says "“This transaction marks a major milestone for GBV and sets the stage for rapid revenue acceleration in the years ahead,”, are we to conclude that Mr. Allen is joining MARA in some capacity (as a member of the Board of Directors, for example), which would be about the only way I can figure out that a 100% buyout "sets the stage for rapid revenue acceleration in the years ahead"?
Anyone knowing anything about any of these things would be very welcomed if they could weigh in.
TIA
Imperial Whazoo
I really think the bid ask activity is showing the true agendas here. They want shares. They crooked us to get a big holding and now that the gig is up, they are stepping out from hiding and bellying up to the bar and showing their hand... and this is a poker tell if I ever saw one. They've come out from the bushes and into the open for one reason.... they expect this puppy to scream to the high side in the months to come and they are greedy to get in at the lowest prices possible. No hiding and playing games now.
IW
On the "dishonest CE day", I took some time and nosed through the Time & Sales to see if large chunks were being accumulated & I posited a theory, that I stand by, that there were people who were doing any kind of dishonesty they could get away with to try to get into several of the little companies (whose stock can presently be bought in the US markets by retail investors) that are actively engaged in actual crypto mining. FVRD is such a company. There were 4 such companies the other day. Today, there appear to be at least 6.
This "buy into stinky pinkies who have actual crypto mining (in the near futurey or currently)" thingy is a hot activity right now.
Guess what?
A similar examination of today's T&S shows only 6 instances where a transaction happened where the number of shares comprising the transaction were 200K sshares or larger.
4 of these were in the first hour, and somebody rightly posted that there was a deliberate smash down of price this morning whose purpose was to see if there remained any people willing to give them that kind of size of shares at bargain basement prices.
Since the 1st hour today, only 2 big chunks have changed hands & in both cases, the buyer had to pay up. "Attention shoppers! The bargain isle is now officially closed!"
So, based on this non-scientific evidence, LOL, my conclusion is that the teller window where big chunk buys could be bought at a discount has shut down and gone home.
So, my next question is: is it necessarily going to take a full 30 days for the dishonest collaborator, OTC Markets, to consent to take their jack boot off FVRD's thoat by removing the dishonest CE?
I am encouraged even if it does because, at these prices, when the CE finally gets removed, buyers who saw opportunity down at these level might very easily see double, triple, even quintouple returns even BEFORE the CE gets removed!
And one more clarification before I go back tp my hole: I do not mean to be understood to be predicting the guys who accumulated dishonestly down here will be merely aiming at quintuple gains. I fugure these greedy b#$t*rds will want far more than that.
I mean to point out that ordinary joes like you and me can be beneficiaries of excellent gains if this thing plays out the way I'm hoping it will (where the CE stays on for 30 days but, even so, price stages for that day and, in so doing, a risk taken down here generates very nice returns.)
Imperial Whazoo
Two thoughts.
1.) That stock trades only in Canada. In the US, retail folks can buy HIVE using PRELF as the symbol. Not so much with the one that article pumps. So, what good does it do for the average US guy reading this blog on PRELF? How on earth can a stock trading ONLY in Canada be competition for money that US traders want to put into stocks that are involved in mining and that can be bought retail here in the US?
Answer: Zero zilch nada nothing. Totaly pump for another trading instrument. What this PR does do is that it proves that mining is the ticket, but it offers zero zilch nada nothing as regards being a viable stock play for folks who are thinking of buying into mining via a stock like PRELF.
2.) The news is all FUTURE.
Future machines.
Future revenues.
Future setup.
Future everything.
Future future future future future.
Unlike PRELF, which has a relationship with the most efficient and experienced miner out there (Genesis) & unlike PRELF, which spent $$ to buy EXISTING mining operations...... everything in your PR points to events and hardware/solutions/software/processes..... everything is YET to be.
Promises on the come. 1000 machines ORDERER & not even to arrive until sometime during JANUARY. Then there's the buildout & startup and so forth.
Imperial Whazoo
Are you nuts, rj? Thats a 66% rate of profits on the INITIAL status.
Thats stellar for a MATURE operation as a rate of profitability. And given that this is the very beginning..... REALLY?!? Wait till they get kinks out of the daily rigamarole and get up a head of momo steam as more power gets applied to the accelerator pedal. This crypto will decline today due to the crypto currencies themselves, if it declines EOD at all.
I've opened businesses. The costs are always worst up front as you figure out the little things.
Listen people, between 6:30 AM & now, Bitcoin/US Dollar value lost a full 10%. Want an explanation of any pullback? Its right there in bold letters.
If there is any kind of decline in crypto stox today, its a reation to volatility in the currency markets themselves. What goes up, comes down. Up like an explosion a few days back, down in a similar fashion today.
No big deal re financials for HIVE. First financials covering 12 days.... bad reaction??? Theres no credence clearwater to that idea. Keep on chooglin', Suzy Q.
I think that any down leg in this rocket ship is nothing but the furious crosswinds of the atmosperics themselves.
Imperial Whazoo
And here's another, what with all of us being traders and so forth....
Mar 29, 2016
https://www.coindesk.com/dtcc-use-digital-asset-tech-blockchain-post-trade-trial/
"DTCC to Use Digital Asset Tech for Blockchain Post-Trade Trial"
Quoting from the article:
Hey doog.... think JPM is the keynote of those international bankers as regards cryptos?
Step into the wayback machine and have a seat.
Dec 1, 2015
https://www.coindesk.com/goldman-sachs-crypto-patent/
"Goldman Sachs Seeking Crypto Trade Settlement Patent"
Notice the date? 2015 baby.
While the "fake business news" talking heads took 1st class vacations with Harvey Weinstein and sent their kids to expensive private schools and bought hand made single stitch dress shirts with two sets of custom made $1000 cufflinks, we ordinary folk got to listen to them tell us, repeatedly, that bitcoin was just a bubble.... a fraud.... a scam.
And low and behold.... some upstart company DARES to stick its head up and VOILA!!!...
Yeah, the 1.315 mill available on the ask was out there yesterday with that exact size available. No takers.
Somebody commented on it & I weighed in that I thought it was evidence that some people were trying to spook weak hands out AND that one of the devices used was to put so many shares out there in a single lot that it acts as a visual fear monger, as it were, to frighten people into worrying and to thus shake shares free.
My basic idea is based on years of stinky pinky watching and trading, but I've never seen anything like this crypto craziness. I mean.... WOW. Bitcoin sky-ed over $1000.00 from close yesterday @ 3 PM to open to at at 8:30 AM. Given that disruptive power in this technology, I firmly believe that yahoos like Jamie Diamon, who originally said he'd fire any of his traders who dared to dabble in cryptos....
...big-name, fashion perfect (every hair in place) talking head internationalist types like him who originally dissed this stuff are now gasping and grasping and scared to death that they are going to get left in the dust.
So their typical behavior comes to the top... they cheat the system and try to spook everyone while ACTUALLY acting in a very desparate fashion to try to catch up.
So, I see the CE as a blatant piece of outright dishonesty that is a thinly veiled attempt to get a major toehold in one of only 5 companies that trade in Canada or the US who are directly involved in mining. BTW.... yeterday I said there were 4 companies, but right after I said that in that post, I thought I recalled another company that had announced the aquisition of mining machines that they intend to have in place by 2018, and I did some research & found that there are, in fact, 5 companies one can currently buy into as a way of profiting from this disruptive technology without having to take on the personal downsides of becoming a miner.
Now a thought on removing the CE:
A lawsuit to kick OTC's ass would not generate results before 30 days, so the smart manager is going to suffer this indignity, PR plainly to make it clear to his shareholders that he is 100% honest and NOT engaging in a pump-n-dump, and wait out the 30 days in a seething fury. The only fly in this ointment is the insider with $580K at risk who may act on his own to smack OTC in the nadds via lawsuits or the threat of lawsuits.
My guess as regards corporate actions is that, when the 30 days are up, if this stock proves it is above board & honest....And if they publicly PR things about there being ACTUAL progress establishing themselves as crypto miners, this little stinky pinky will explode to the upside.
I am not recommending buying, selling or holding. I'm only expressing an opinion. Make up your own minds.
Peace & good day everybody.
Imperial Whazoo
Let me repeat what I said:
This circuit breaker was CAUSED by the expectation of the release by the company of some kind of news.
Heres the link
https://web.tmxmoney.com/article.php?newsid=8874445268542488&qm_symbol=HIVE
And the exact wording:
Well, morning has broken, to quote Cat Stevens from 1973 (amazing how all the old Credence Clearwater & Heart & Cat Stevens & Rolling Stones music holds up!).
Anyway...
As I type , BTC-USD = 11250.15
Price at close of market yesterday (3 PM Central 11/28) = 9926.26
I "guessed" in my post when I happened to check in on Bitcoin prices last night before retiring for the evening, was that we could possible be up $1000 by open today.
Amazing, but it played out that way. I mean.... WOW.
And I fail to see how it can be possible that this behavior in the currency markets fails to manifest in the stocks today. Reading various boards, including this one, leads me to think that there is a major effort being put in by people who failed to realize that cryptos were the real deal early enough to have placed bets ahead of the move....
....I am saying that it looks like there are a lot of folks trying to throw a monkey wrench into the works to try anything and everything to put a damper on this zeal in cryptos, but how they actually expect to succeed when cryptos charge up over 10% overnight, I do not know. I think this effort to derail individual stocks that have legitimate mining exposure is a bare faced attempt to dishonestly persuade weak hands to bail so the big players who did not get in on time can steal cheap shares instead of having to pay up like Everyman (with musical shoutouts to Jackson Browne, LOL, like Cat Stevens above).
As to hubnub, who I think was the one pointing out that there was a halt yesterday in Canada.... I appreciate that info because I was watching the US ticker. I learned something: on this one, watch the Canadian. The halts are over there, not in the US.
Speaking os Canadian & halts, here what I think we are seeing:
Here is a link to SEDAR. th Canadian reg site where HIVEs filings can be found. I can not give a link to the PDF because the site controls access, but heres how you find the doc in question (plus all the other filings by HIVE as well:
go to:
http://www.sedar.com
- Do "find companies" typing in HIVE Blockchain & search
You will get 50 companies. The other day there were 52, but somehow
two docs don't show up this morning. I don't know which ones they
were
- Go to the document on financials dated Aug 28, 2017
The point of this exercise is not the content of that PDF. Its the explanation for yesterday's halt.... or so I'm guessing. They file on or about the 28th. We had halts on expectation of major moves due to info releases from company. Hence.... we can proly expect to see a filing today or the next day.
My expectation is that HIVE is going top report soon and, in anticipation of this, the TSX halted yesterday.
So, my guess is that HIVE should report pretty soon & the impact will be pretty big on the charts. Up or down? I am personally in HIVE, so I'm obviously playing the upside, but nobody outside of the company can say right now for sure.
In any event, thats why the Canadian halts happened yesterday. Also, in that financials were not posted yesterday, there must have been some kind of hiccup. That said, we all will just have to wait with baited breath.
Good luck everybody. Here's hoping HIVE does magnificently. It always helps the soul for a high risk play to go the way one wants it to go.
Imperial Whazoo
$ 10269.99 as we converse.... at this rate, it will climb 10% overnight. Unfriggin' !!!
I don't see how in the world this will not play positively on share prices.
IW
I don't know what ticker other people use but I use https://www.gdax.com/trade/BTC-USD & https://www.gdax.com/trade/ETH-USD and they are just FLYIN'!!
BTC @ $ 10239.80 & ETH @ $480.00
If this keeps up, bitcoin will be up $1000 over night and if that happens, it is completely brain dead to think we will not see it manifest in share prices here.
I mean, tomorrow's business news will have twin headlines:
"NK launches ICBM"
and
"Bitcoin launches to the Ethersphere"
IW
Uh.... thats not "stupid" as regards the size at the ask.
That's deliberate. They are blocking the climb back up with size on the ask that is too large to be easily taken out. There are players out here deliberately attacking this stock.
At this time, only 2 stocks publicly trade that are active miners. Everything else in the blockchain world is a contract blockchain idea or a wallet or a trading exchange or some kind of service that is crypto involved. Further, many crypto stinkies are new in this niche, new entrants whose PRs are all future tense. No real activity.
Two companies are actively mining and two (FVRD included) are on the cusp of an actual mining operation.
If somebody wants to control a company that is mining or about to be mining, they would try to control one of these 4 players.
So, whats going on is either an attempt to grab shares so that entry into this niche is accomplished via cheap shares (scare all the newbies & scarf up their shares) or FVRD is a scam.
I favor (pun intended) the former explanation. I think this is all about getting control of a mining operation through less than honest methods.
Just my opinion.
Watch the chart line I just a little while ago pointed out. If trading dances all around this line, it is certain, IMHO, that this thing is under professional attack with an eye to forcing control.
I use a variety of periods, like differenct lenses on a microscope: 1 minute , 3 minute , 5 minute, 10 minute.... etcetera. Pick some you are comfortable with and watch volume at places such as the support line or the opening candle. Watch the volume as price goes up and as it pulls back. Look at the bars as though you are looking at a waveform. Wher, on the waveform, does volume come in? Top of a wave? Bottom of waves? At breakdown points?
If you fiddle around with whatever period you are comfortable with, I guarantee the picture will clafiry itself on its own.
Trade what you see.
Imperial Whazoo
Hey folks, do this basic chart T/A thingy:
Draw a line that touches the candle wicks on 10/23, 11/8, and 11/15, 11/16, & 11/17. Lok at it and put up a chart in anouther window that uses something like 10 minute periods. What does that look like?
Support that is upward sloping, thats what. Three areas where the lows were ascending, and a day like today that took the line out but that has since recovered and held that ascending lows line.
Simple questions:
Where was the low in the first 10 minute bar's candle this morning?Put up a 10 min and look at where the above described line intersects the wick of that first 10 min bar.
Low on bar 1 is the EXACT support level of the line I just described.
Anopther question:
Where is the highest volume 10 minute bar that was the first instance today of the chart breaking down through the above described line?
The 7th 10 minute bar of the day was the highest volume till that time today, and the support line was punched out on that bar.. (9:40AM candle had on 5.6 million closing at .0103, which was below the line).
What happened next:
There was a fight to hold the line. Up then down then up etcetera.
Where did the thing fail the second time and what was the volume? 10:40 AM breaking down thru the line again on 2.6 million volume.
Then up it went at 12 PM, breaking back above the support line on 2.3 million volume.
Since then, it's held above the support, testing it slightly on a pullback that held above it.
Right now, its holding above the line at .0132.
I'm gonna watch the line. If price holds above it or goes green for the day, the market itself will be telling me what to do.
Think about it people. Draw a simple little line connecting the ascending lows and take a gander at how the price has comported itself today in regards to this ascending line.
T/A works.
Imperial Whazoo
Just an an exercise, here are some huge trades that are "tells" indicating both that people dumped, but there were ready hands to catch the dumpage.
Far. far more ordinary fill sizes out there, but the interesting thing that, IMHO, means trading desk/trading firm trading is the large size fills on round-number sizes. Thats the "tell", IMHO.
8:40:04 265.0K @ .0149
8:49:56 200.0K @ .0165
8:58:44 250.0K @ .0150
8:48:28 250.0K @ .0140
8:48:47 300.0K @ .0141
9:29:07 390.0K @ .0121
9:29:08 700.0K @ .0120
9:34:38 800.0K @ .0114
9:36:22 800.0K @ .0115
9:37:02 300.0K @ .0113
9:39:14 200.0K @ .0105
9:40:14 200.0K @ .0101
9:42:56 280.0K @ .0113
9:49:21 540.0K @ .0119
9:59:40 200.0K @ .0118
10:01:05 245.0K @ .0120
10:01:17 235.0K @ .0120
10:32:22 200.0K @ .0112
10:33:17 370.0K @ .0111
10:39:40 200.0K @ .0105
10:39:43 200.0K @ .0105
10:42:58 400.0K @ .0105
10:55:50 234.7K @ .0109
11:36:53 495.5K @ .0102
I just arbitrarily did this exercise to see for myself if there is evidence of a big buyer & I think there is.
Notice that, until the last 2 line items, every transaction was in round numbers. I know that I often get fills like 113,890 when I retail buy with my position size being something like 200,000 I'm trying for. I get 113,890 or some such incomplete fill rather than a fill that is for 200K like I was trying for.
So, its not proof of anything but it is curious that buys have been happening at rounded lot sizes until a few minutes ago.
Just sayin'.....
Also, back to the decision by the debt holder to front run the PR about crypto mining contracts by agreeing to exchange $ 580K debt for restricted shares.....
$ 580K IS a lot of real $$$$ to exchange; and it did, in actual fact, happen PRIOR to the announcement of the deal regarding crypto mining, so this person did not do this swap on a mere whim.
I just moved to a new howse. $ 580K would buy a really, really nice house.
Just saying....
Somebody's gotta be madder than a hornets nest you just hit with a baseball bat. This thing is quite interesting, if you ask me.
Imperial Whazoo
Just how helpful can a man be? Your DD is marvelous. Thanx a lot, really.
Folks, thinking out loud....
Some insider decided, apparently knowing the upcoming entry of the company into crypto mining, that they could afford to trade $ 580K of actual debt obligation for the unknown variability of 5 Million restricted shares, that they can not even trade out of to return their money.
So, whoever this insider is is royally pissed right now and my guess is that they are not betting on a dead horse. They knew info that made it a good move to trade $ 580K obligation for 5 million unknown, and subsequent to their having done so, the company announced the contracts in place to begin doing crypto mining.
Its not my $ 580K, but if it were me and the guys I was owed $580K by came to me and were trying to convince me to trade actual debt for restricted shares, the company doing the persuading would have to have some real meat on the bone or I'd not make that deal.
With actual damage done of $580K, whoever this is certainly must have an axe to grind with either the company for a sloppy job of financial reporting or with OTC mguys for unwarranted damage to their investment. Since they had to have been privy to whatever info persuaded them to swap $580K for restricted shares, it seems 99% absurd to try to tell me that they have a beef with the company. I'd say they are pretty darn likely to be looking for a fight with OTC and/or this Sharp guy.
I'm watching the size of the chunks changing hands on the time & sales ticker at the levels od 12 cents to 10 cents.
Fact is that somebody is more than willing to buy huge chunks at single trades at these levels so, all this said, I'm going to be very interested in seeing if any fur begins to fly from legal catfight or two that could very easily manifest between the insider who took this bath and the George Sharp/OTC faction that is questionable regarding their action as regards the CE scarlet letter. $580K may not be huge money but its borderline sizable enough to have your lawyer write a serious challenging letter or two.
We'll see.
Oh and does anyone have a handle on the date of the promised Q3 financials (they are promised in the link you provided, i-like-bb-stock, where it says:
Wow, thats rich. check this out from George Sharp's own web site:
Here's his come on:
I was expecting you to assert that point of view because everyone who is a day trader buys services of this type. My doing so.... (whether I'm the publisher of ideas or a buyer of them) Its very 1st amendment.
That said, what recourse does FVRD have, if any, and what is your experience with instances like this?
Is FVRD necessarily doomed or can they go forward, generate income from the mining operations they announced, PR regularly in the future regarding these operations, and have investors benefit by seeing stock prices rise as they report steady income from mining?
How can any company fight the publication of outside opinions?
So, your opinion: does FVRD weather this or not (even if they generate mining contract income?)
Imperial Whazoo
Absolutely spot on. I mean, how is it a violation of any fundamental principal of fairness and/or equanimity for a company (such as PAYD, but it could be anybody) to find ideas that they think show that they are good at finding good ideas? What ethical violation happens if I find good ideas, tell people they can freely buy my service in doing so IF THEY FEEL SO INCLINED, and to CHOOSE of their own free will to try my service out for a while?
What dishonesty or misrepresentation is actually present in this email? If the intelligencia that rules on what is to be allowed and what is not to be allowed can simply stigmatize anyone with a "Caveat Emptor" scarlet letter over the mere issuance of an opinion, where does that leave ordinary joes like you or me who simply want to expresss an opinion about something?
Just saying
Imperial Whazoo