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Curious, has anyone here done a sort of apples to apples comparison of BITF to the likes of RI*T...seems to be a similar operations.
An article except from 8 Jul: "As of June 30, Riot held approx. 2,243 BTC"
An article except from 14 Jul: "As of July 12, 2021, Bitfarms had mined 1,515 Bitcoin ("BTC") on a year-to-date basis." And this appears to be the most recent total, except from the first quarter:"Since the end of the first quarter, we have continued to add to our BTC inventory which now stands at approximately 1,000 Bitcoin, valued at approximately $40 million,” commented Mauro Ferrara, Interim Chief Financial Officer and Corporate Secretary."
And I'm sure there's much more to derive from the recent news...but, any thoughtful ideas why RI*T is at a much higher valuation, is it that much more a better operation?
And even though Bitcoin maybe be a bit (pun intended...LOL) out of favor at the moment...trading on the NASDAQ (21JUN) has not been kind to BITF, thinking there is still a bit of downside to go...thoughts?
The only thing I know of is Light Street Capital Management, LLC (hedge fund type) increased their stake purchasing more shares on the 7 & 9 Jul (price range 12.8 to 13.31). Not sure if this means anything and have not really found anything positive is the delay of this merger...could be the SPAC fear since MOST SPACs has tanked since merging.
Here's the most recent thought/article on this deal published on 3 Jun...link below.
"On June 1, TPGY pushed the outside date to Aug. 6 from June 8. EVBox also gave TPGY the right to terminate the agreement at any time during the 15 business days following the date on which EVBox delivers the audited financial statements for 2020 to TPGY. The SPAC can also terminate the agreement if the company doesn't deliver the audited statements by the outside date."
https://marketrealist.com/p/is-tpgy-stock-evbox-merger-confirmed/
I guess nobody is showing up to those hemp weekend events and if they were I'm sure we would be getting bombarded with youtube vids of crowds of non covid fearing videos...
Another downday, 37% down...and it ain't even 3 o'clock...and the best MF got for his share holders is a couple of tweets from his personal account...SMDH
Just posting old news since IIPR can't seem to get any IHub love and this week is Divy payday!!! LOL
Innovative Industrial Properties Declares Second Quarter 2021 Dividends
June 15, 2021
6% Increase from Prior Quarter Represents Eleventh Increase in Common Stock Dividend
SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a second quarter 2021 dividend of $1.40 per share of common stock, representing an approximately 6% increase over IIP’s first quarter 2021 dividend of $1.32 per share of common stock, and an approximately 32% increase over IIP’s second quarter 2020 dividend of $1.06 per share of common stock. The dividend is equivalent to an annualized dividend of $5.60 per common share, and is the eleventh dividend increase since IIP completed its initial public offering in December 2016.
Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock.
The dividends are payable on July 15, 2021 to stockholders of record at the close of business on June 30, 2021.
Well, I guess that has to be a foreign account, I have no idea how one would short a pink trading stock...
Somebody holding a large amount dumping because they just got tired of seeing their investment shrink day by day is more reasonable to me. And all this other stuff about "Dror Svorai" is background noise since that news has been public since 17 Feb. Which admittedly, I was unaware of until this weekend. So others probably thought this was new and with the declining price just hit the sold button...that seems very reasonable.
But, now that I'm aware of it I understand why CATV has been downtrending...even if MF/CATV is proven to be an innocent or what have you, why would one take the risk at this time...
And now MF needs to do damage control, if he really cared about his shareholders...
Not to mention this board was dead...I mean dead, no posting...what an orthodox way bust balls or pump a stock...LOL
Sure, compare Bloomberg Terminal to a telegram chat board...AND I hope I'm completely wrong..but then again, it is the pinks...and I've never been wrong, at least the ones I'm involved in...once one the these pinks/sub-pennies start to decline like this, its not a good sign. MF needs to do something here before the opening, if he was really smart and care about his shareholders.
And I really want to be wrong...I'm still holding a small amount compared to what folks say they are holding.
Hell, I really wanted CATV to hit .05 on that run up, I was a bit to greedy there and decide to take some profits on the way down just to be make some profits so I don't become a complete bag-holder...learned my lesson many years ago.
Hell, I've been holding CATV since the "Jeff Wildermuth" days...
Absolutely, even if nothing can be proven...its bad form...and this is the pinks with already a questionable reputation.
And whenever a few owns tens millions of shares. A dump from that single individual can crush the price like Friday. It's possible one of these individuals just got tired and decided to dump shares at 3 o'clock and it cause a bit of a snowball effect. With no intention at all other than seeing their investment decline over the past 7 weeks and said screw it...And could have dump these shares at a loss...Friday's volume was just over 227Mil when we were just creep'n in volume and trending downward...and maybe they just tire.
And I have to say looking over the the previously quarterly release, he sure is paying himself very well. I've seen the setup many times in these parts...and that's a fact...sure, I want this to turn into a solid profitable business...but it is the pinks and we've seen many pop only to return to sub zero's levels....SMDH!!!
And frankly, the CEO should not be chatting up with just a few shareholders and leaving the rest in the dark. He's a lawyer...he should already know this and even if he was not saying anything regarding CATV business on-goings (which is unlikely, the whole point of having such a board) it's simply bad form...
Life in the pinks...WTF...I hate to say it, I gotta feeling it's gonna be a bloody Monday for CATV and back to tripps...SMDH
So predictions of tomorrow's open and close after today's successful flight?
GLTA
Right, why this weird 3 O'clock sell-off for approximately 20 minutes then rebound a bit at close of day...but the close was still 32% lower then the previous day's close.
And Michael F. needs to address this, I have yet to receive a reply regarding an email I sent before all this and it was very basic update regarding 2d financial and some things he release in the last PR.
And I'm sure his emailed should be blowing up now with Friday's accusations.
Not giving me a warm fuzzy, but I'm still here, to the moon or bust for me at this point.
AWAIING MF RESPONSE...LOL
So, after reading all the comments on this board just from the last 2 days and this board being virtually dead for the past 6 weeks or so...after the most previous bounce to .037. Why Friday at literally 3 o'clock for approximately 20 minutes & then a return to single digit penny by close of day. Regardless of what individuals think of the pending case against Dror Svorai and how this implicates CATV and or Michael Feldenkrais (though, his name is never mentioned in the complaint or affidavit which was posted Feb 17, 2021. Charting shows a 9Feb peaking .048. I remember the swam of pump and dumpers posting here doing their thing. Bounced 4 Mar from a low of .009 to push its way back to .038 on 22 Mar. And then trending down again to .017 levels to start its bounce again on 13 May, peaking on 21 May .0374...then simply trending down again to present day.
Why is the affidavit at the forefront now, this was release on Feb 17, 2021? I don't recall this bit of info back during that run-up, though, I could have missed it or ignored it at the time...
Is there something else going on, is the other shoe implicating Michael Feldenkris about to drop?
Is this simply a manipulative move by individuals to steal shares for a group pump down the line?
Why all of the sudden come bash a company that's been fairly silent, why even bother??? This CATV board was literally dead barely any posts. And CATV is already treading down to the displeasure of a few of us that checks in every now and then.
I did email CATV at their advertised email, "info@4cabletvint.com" Thursday (8Jul) evening just asking about general status. Unfortunately, I still have not gotten a response.
I also find it strange a few of my posts get deleted because it's not cheerleading. This is the pinks...we all know how companies trading on the pinks tend to elaborate and no one can tell me that latest 10q was really all that awesome without addressing the issues with that report. That should be apparent when it was released on 24 May and CATV did not do much but continue is trend down. But, I'm willing to continue to take a chance and Michael Feldenkris will produce for us shareholders.
Anywho, let's see what happens on Monday...
Weird thing, I just emailed CATV last night, making inquiries on 2d quarter report and asking about few items mentioned in that most recent PR. I was hoping to get something back...nothing as of this moment. I'm already sadden regarding the trajectory of CATV overall stock price from that nice move back in Feb almost touching .05. But this last hour was crazy...
Maybe we will hear something, next week...
GLTA
DAAAMNNNN!!! What kind of BS is going on here...Ef'n dump at 3 o'clock all the way down to .0019...just glad to see it climb back into a .01's for weeks we've been lacking in volume ten day 9.91Mil and today the last hour of trading day we clock in 227.5Mil Vol.
What the Eff is happening here...
WTF!!!! We are back in .00's!!!!!
LOL, its unfortunate at least viewing it from its all time high from Feb2021 and the short term look from May's .0374 high...its been doing nothing but trending down...regardless of the MF hype...its starting to turn into a IHub pink turd...I emailed MF at "info@4catv.com" email last night. Simply asking about the 2d quarter financials release and the status of a few things in the last PR said he was working on...so very straight forward and nothing damning per se, will post here if I get a response. I tried going through the website's contact section but was rejected and I tried the chat box and was instruction to email to the above address...does not give me a warm fuzzy when the stock is also tanking..anywho, hopefully we hear something that get CATV out of this rut...
GLTA
Why not just go directly to the source...
https://advisorshares.com/etfs/yolo/#yolo
I think MF is going to have to push this venture in a range of $5mil in the Revenue next quarter earnings report and forecast similar Revs, that will likely get CATV out of this slump. Then he can tackle the all the debt and there was a ton of conversions going on...which is not unusual in these parts. But the question is can CATV stock price hold, not looking good, today was a horrible close at .0185...if it ain't us retailers selling must be all those entities that millions upons millions of shares. And 1 thing for sure MF is paying himself nicely...
LOL, I was actually just thinking the same...
Getting...been depressing as hell over the past 7 weeks or so...well okay, not 7 more like 3 weeks when we fell under .025 and not recovering from there. And that's just me holding 1.5 million, sold 500k just to take some profits on that previous run up...was feeling good about taking some profits and playing with house money, I was hoping would be moving in an up direction. But this is now acting like all those other pennies, can't imagine holding 13 and 20 Mil...those gains just disappeared. If we don't bounce off today's current levels .0188ish, CATV will be visiting .01's...MF had better have some good news in the pocket, like soon, very soon...
Yet another down day...daily looks very crappy in the last month coming from that last pop of $.0374. I wonder if MF got anything left to retrace those highs...so will this end up being a fall/winter play from these levels...
That's because everyone these waters (our base) are not looking for cannabis penny stocks. They all have now piled into into MEME stocks (theaters, and now Healthcare) the 3-leaf CLOVer is making a huge run...its crazy...hell, would be surprise folks of tire of goin to the movies and now care about their health. LOL
Hopefully, our day will come for those that are looking for huge, huge gains here and believe MF will grow this business. But, tons of folks made some pretty decent cash from those triple zeros.
GOOD LUCK!!!
Agreed, pre-market is here is on fire...huge move yesterday, if this continues and ends the week above $22...this will be the MEME play for the next few months...now is the perfect time build positions...
A CLOSE above $.033 today would be awesome...
GLTA
I'm thinking the CATV name is not helping. Hopefully, once MF takes care of this, we make break and at the very least hold $.05+ And really start to advance upwards as MF grows this company.
I didn't say anything about your trading...I'm all for making profits.
I said this AMC now trades like a sub-penny stock, nothing to do with fundamentals just the pump of a narrative. The narrative here is "squeeze/screw the shorts". And now the CEO does youtube interview, just like all those many sub-pennies here on IHUB. What's weird is he's the first CEO that puts it in print "could lose all your money" and the investors don't care....LOL And its clear he would double the share count if he could base on that trey interview.
In any case, a profits are profits...looking forward to the price action next week.
Trades like a sub-penny stock...
Only time will tell:
WKHS
Shares Outstanding 123.3 M
Institutional Ownership 43.05%
Number of Floating Shares 112.7 M
Short Interest as % of Float 42.17%
Has chance, if only comparing GME and AMC short interest rates...the bad news is one would have to convince the theater & gamer APES to turn some of those profits this way for the that bump up...the goods news is, throwing a few $$$ at this now, is early. Before the crowd and with the current share structure it should be fairly easy to make a case for this to run $100-$150. The volume is looking decent. Today's vol at 43.5Mil+ is decent sign there's some interest well above the 26Mil 10 day average...
GLTA
Sooo, NO APES here??? LOL
According to the latest 10k released May 6: Class A common stock ($.01 par value, 524,173,073 shares authorized...so they are close to maxing this out...
It's not that it most this, but the HODL'rs are ignoring this part and really this is what's the news cycle has been repeating. The CEO seem to be coddling with the HOLD'rs but then release this statement in the 8K:
The Prospectus Supplement includes updates to the following risk factor:
The market prices and trading volume of our shares of Class A common stock have recently experienced, and may continue to experience, extreme volatility,
which could cause purchasers of our Class A common stock to incur substantial losses.
The market prices and trading volume of our shares of Class A common stock have recently experienced, and may continue to experience, extreme volatility,
which could cause purchasers of our Class A common stock to incur substantial losses. For example, during 2021 to date, the market price of our Class A common
stock has fluctuated from an intra-day low of $1.91 per share on January 5, 2021 to an intra-day high on the NYSE of $72.62 on June 2, 2021 and the last reported sale
price of our Class A common stock on the NYSE on June 2, 2021, was $62.55 per share. During 2021 to date, daily trading volume ranged from approximately
23,598,228 to 1,253,253,550 shares. Within the last seven business days, the market price of our Class A common stock has fluctuated from an intra-day low of $12.18
on May 24, 2021 to an intra-day high of $72.62 on June 2, 2021, and we have made no disclosure regarding a change to our underlying business during that period,
other than with respect to an additional financing.
We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or
industry fundamentals, and we do not know how long these dynamics will last. Under the circumstances, we caution you against investing in our Class A common
stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment.
Extreme fluctuations in the market price of our Class A common stock have been accompanied by reports of strong and atypical retail investor interest, including
on social media and online forums. The market volatility and trading patterns we have experienced create several risks for investors, including the following:
· the market price of our Class A common stock has experienced and may continue to experience rapid and substantial increases or decreases unrelated to our
operating performance or prospects, or macro or industry fundamentals, and substantial increases may be significantly inconsistent with the risks and
uncertainties that we continue to face;
· factors in the public trading market for our Class A common stock include the sentiment of retail investors (including as may be expressed on financial trading
and other social media sites and online forums), the direct access by retail investors to broadly available trading platforms, the amount and status of short
interest in our securities, access to margin debt, trading in options and other derivatives on our Class A common stock and any related hedging and other
trading factors;
· our market capitalization, as implied by various trading prices, currently reflects valuations that diverge significantly from those seen prior to recent volatility
and that are significantly higher than our market capitalization immediately prior to the COVID-19 pandemic, and to the extent these valuations reflect trading
dynamics unrelated to our financial performance or prospects, purchasers of our Class A common stock could incur substantial losses if there are declines in
market prices driven by a return to earlier valuations;
· to the extent volatility in our Class A common stock is caused, as has widely been reported, by a “short squeeze” in which coordinated trading activity
causes a spike in the market price of our Class A common stock as traders with a short position make market purchases to avoid or to mitigate potential
losses, investors purchase at inflated prices unrelated to our financial performance or prospects, and may thereafter suffer substantial losses as prices decline
once the level of short-covering purchases has abated; and
· if the market price of our Class A common stock declines, you may be unable to resell your shares at or above the price at which you acquired them. We
cannot assure you that the equity issuance of our Class A common stock will not fluctuate or decline significantly in the future, in which case you could incur
substantial losses.
We may continue to incur rapid and substantial increases or decreases in our stock price in the foreseeable future that may not coincide in timing with the disclosure of news or
developments by or affecting us. Accordingly, the market price of our shares of Class A common stock may fluctuate dramatically, and may decline rapidly, regardless of any developments in
our business.
I too have to admit how impressive it is...
GLTA
So, if all the visitors went to these events and squeezed all the plants could we create a "short-squeeze" and this will send CATV to dollarville? Asking for a friend... :)
LEAWOOD, KANSAS - (June 1, 2021) -- AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), announced today that it has entered into an agreement to raise
$230.5 million of cash from the sale of equity to Mudrick Capital Management, L.P. in exchange for 8.5 million shares of AMC’s Class A Common stock. The equity was raised at a price of
approximately $27.12 per share. The cash proceeds from this share sale primarily will be used for the pursuit of value creating acquisitions of additional theatre leases, as well as investments
to enhance the consumer appeal of AMC’s existing theatres. In addition, with these funds in hand, AMC intends to continue exploring deleveraging opportunities.
Commenting on the transaction, AMC CEO and President Adam Aron said, “Given our scale, experience and commitment to innovation and excellence, AMC is being presented with highly
attractive theatre acquisition opportunities. We are in discussions, for example, with multiple landlords of superb theatres formerly operated by Arclight Cinemas and Pacific Theatres. With
this agreement with Mudrick Capital, we have raised funds that will allow us to be aggressive in going after the most valuable theatre assets, as well as to make other strategic investments in
our business and to pursue deleveraging opportunities.”
Aron added, “Given that AMC is raising hundreds of millions of dollars, this is an extremely positive result for our shareholders. It was achieved through the issuance of only 8.5 million
shares, representing less than 1.7% of our issued share capital and only a small portion of our typical daily trading volume. This transaction underscores the real value of having some
authorized share capital available for us to opportunistically capitalize on shareholder value creation possibilities as and when they arise.”
Aron concluded, “With our increased liquidity, an increasingly vaccinated population and the imminent release of blockbuster new movie titles, it is time for AMC to go on the offense
again.”
Additional Note from latest quarterly (released 6 May 2021):
Class A common stock ($.01 par value, 524,173,073 shares authorized; 454,012,865 shares issued and 450,280,240 outstanding as of March 31, 2021; 176,295,874 shares issued and 172,563,249 outstanding as of December 31, 2020)
Class B common stock ($.01 par value, 0 shares authorized, issued and outstanding as of March 31, 2021 and 51,769,784 shares authorized, issued and outstanding as of December 31, 2020)
Maybe MF should get a deal AMC or hire some Reddit social media experts to get this moving upwards where fundamentals don't matter...LOL
Maybe this can ride the tails of the coinbase opening today...
Would like to see this get back solidly above .03 by the end of the week.
GLTA
CRAZY, AIN"T IT!?!?!?
I'd hoped/expected "CATV" would be now holding over .05 (ranging between .10 -.05) with all the PRs, the way forward...sure, waiting for Rev/Sales figures to be announced, not to mention name/symbol change. And getting Pink Current didn't have the pop I was expecting.
Anywho, hanging in there, hoping Michael Feldenkrais has really got it together and make this really into a profit machine...
GLTA
Hopefully, we see some rebound toward 3's from here...
GLTA
So are we "short" or "long" on "RIDE"? Or on the sidelines...
Agree...