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Hello Shane,
I do see where it says that, and I also do see where the company themselves confirmed they have not received confirmation of a US Ticker. I, like most investors, cannot wait for a US Ticker. I am also cautious of the fact that attributing a US Ticker incorrectly may hurt investors and also the company. As such, I may be "too safe", but if it was my money I would rather be that way. Of course, as always, I respect your opinion and wish you the best of luck!
GLTA
Hi Shane,
Is that a downgrade? Further to my earlier posts, Hashchain has never endorsed that ticker as their official US ticker.
It is weird to see Kash drop with BTC drops, but does not correct when it goes up, while Hive does. Leads me to believe more speculator money in Kash whereas more BTC money in Hive so BTC money will know when BTC go up and down and will get in and out of Hive accordingly. Regardless, as long as BTC over $2k, we are in the green, but the most important question is what's the profit margin after first quarter.
Will be a bumpy ride, as is BTC in the short term. But all we need is a little drip of institutional money and all the anxiety will pay off.
GLTA
Good floor being set at around $3, although kash does seem to be more sensitive to BTC prices than HIVE... still think we have alot of market cap to grow to gap up to hive...
GLTA!
Thanks for the continued responses. I am not saying it is impossible, however, just wanted to share direct correspondence from Hashchain Technologies. As a stockholder of KASH, i assure you i would like nothing better than for there to be a US Ticker, however, some of the OTC markets can be the wild wild west and i worry about other potential shareholders, as well as the company. As such, i felt it was important for me to share my email correspondence as it was for everyone's individual interpretation.
With that being said, I really wish you the best of luck on any investments you had made into that stock... unless you bought it super low and somehow involved in making it seem legit...
Please see Hashchain's response below in regards to a US OTC Ticker. I have only edited out my name.
TL;DR - there is no US Ticker confirmed as yet. Please proceed with caution.
Initial email:
Hi there,
Can you please confirm whether or not you have a US Ticker? some of the forum board posts are suggesting it is HSSHF, which is dangerous for the reputation of your company and I wanted to dispel it as soon as possible if it were not true. In addition, can you confirm your plans for a US ticker?
Initial response:
Thank you for your interest in HashChain Technology Inc.
Yes, we are in the process of applying for the OTC ticker.
For updates and news on HashChain delivered to your email please subscribe at the bottom the page here:
https://www.hashchain.ca
Thanks,
Clarification email:
Thank you for the quick response. Based on your email, you are confirming that HSSHF is NOT the US equivalent ticker for KASH. Please confirm or advise otherwise.
I ask because if you filter on December 19th, 2017 at the following site: http://otce.finra.org/DLAdditions
You will see your name being associated with HSSHF.
Please let me know,
Clarification response:
The OTC hasn’t committed to which symbol we’ll receive at this point.
Thanks,
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kash&postid=27198866#G4CGYfxPZbSSZWOh.99
Very interesting, Shane. I sent an email to Hashchain to comment. If there is a legit US Ticker, it is surprising they do not advertise on their site. I will keep everyone posted.
Azure
be careful with that... the name of the company is different.. i would not trust it...
glta
HashChain Technology Inc. (TSXV:KASH) projects $90 million revenue and $78 million in EBITDA in 2018
SmallCapPower | December 19, 2017: HashChain Technology Inc. (TSXV:KASH), a cryptocurrency miner, debuted on the TSX Venture exchange at $1.50 on Monday morning and closed the day at $2.45, a hefty premium of 1533% to the offering price of $0.15 per share. HashChain Technology has so far raised $4.4 million in preparation for the listing, with the latest $1.18 million raised by issuing 7.9 million shares at $0.15 per share as per the prospectus. The Company has a total of 41.18 million shares outstanding, translating into a market cap of ~$101 million based on Monday’s closing price of $2.45.
HashChain Technology joins six other crypto/blockchain listed Canadian players including HIVE Blockchain Technologies (TSXV:HIVE) that is a direct competitor focused on cryptocurrency mining. Over the next year, the number of proposed crypto-related listings in Canada is expected to be a staggering 50 companies, as per data from GMP Capital Inc. The rush to the crypto-related business mirrors the sharp rise in Bitcoin and other digital currencies over the past year. According to Coinmarketcap, the total market capitalization of all cryptocurrencies reached a whopping $642 billion on Monday with Bitcoin alone contributing $318 billion. This whopping cryptocurrency market has been driving the cryptocurrency mining revenues, which reached $2.1 billion in 2016 from $1.5 billion in 2015.
Incorporated as Chortle Capital Corp. in February 2017, the Company changed its name to HashChain Technology Inc. on September 18, 2017, when it acquired HashChain Mining LLC, a New York-based cryptocurrency mining company. Following the acquisition, HashChain Technology discontinued its operations in the U.S. and started mining operations in Vancouver, Canada. HashChain Technology is initially focused on mining Dash and Bitcoin cryptocurrencies utilizing Application Specific Integrated Circuit mining rigs. The Company currently mines 45 Dash coins with 100 rigs and plans to mine Bitcoin in January 2018, and has purchased 770 rigs for the purpose. The Company has ambitious expansion plans of increasing rigs to 13,400 in 2018, 26,600 rigs by 2019, and 46,600 rigs by 2020, for a total mining capacity of 40 MW by 2019, from the current 1.23 MW.
HashChain Technology’s breakeven price could be less than $5K per Bitcoin. If the Company meets or come close to projections of $90M revenue and $78M in EBITDA in 2018, it could trade at 10x sales (premium b/c FCF), or the size of HIVE Blockchain.
forgot to add... Good Luck To Americans...
http://www.stockhouse.com/news/press-releases/2017/12/19/hashchain-technology-announces-26-million-bought-deal-private-placement-of
amazing news... $26M raised with additional options riding on $4 stock price in 4 months.
can't wait to see the opening bell. i am withdrawing my $5 and $10 sells and holding on for dear life..
where do you see that? the only hint of the word suspension is taken from the french version of the article that still states 7:45 and at request of company. as such, the word suspension in french probably relates directly to the word halt. no new news yet...
i thought the explanation of business and the retraction from prior pr was released yesterday. i do like the sound of a US ticker today being the main reason... if so.. i'll see you guys at the top.
anyone have a scotia account? user on stockhouse board says that there's trades going through (ps. we at 3.5-3.7). can someone confirm?
i wish buddy... if the stock market data was like crypto data, everyone would have a more level playing field...
Bid ask only at 3.25.. plenty of runway buddy. Glta
i am so excited... to be honest, i have never had this happen to me.. i've traded some weed stocks that were halted due to potential manipulative or insider trading, but nothing that the company requested so they can release news? good luck to everyone who bought in yesterday before the halt.. may be a new world today
http://www.4-traders.com/news/IIROC-Trade-Halt-HashChain-Technology-Inc--25691496/
Try calling your broker
Big day for KASH as well, a brand new stock on the TSX-V. Although the current pent-up demand is due to the fact that Americans are having trouble buying into this stock, given the current market cap vs industry and upcoming 27k rigs across 3 data centres (Vancouver, Washington and Newfoundland), i cannot wait to see the legs on this...
Please do your DD and good luck to all.
YEAH BOYZ SAVE SOME FOR MEEEEE
TO THE MOOOOONNNNNN~!!!!! THIS REMINDS ME OF WEED STOCKS COUPLE YEARS AGO!
fortune favours the bold... good luck to all.
do your own DD and you will be back~
welcome to the winning team brah... how much you putting in?
KASH MONEY ALL DAY
KASH open on tsv-x
everyone lucky enough to be Canadian should get in before it opens for US buyers...
https://investorshub.advfn.com/HashChain-Technology-Kash-32858/
Are you kidding me bro? that's just number for centre? there's washington and newfound land lined up! i'm backing up the truck and waiting for Moon. This reminds me of getting in WEED at the very beginning when instituational investors were weary about betting on something they dont understand the demand for. wait till the average joe finds out this is a way to dip their toes into BTC without having to mess with wallets and stuff.
current market cap is like 80M we got like 10x to go just to catch up to HIVE, let alone eat it alive with our amazing rig pipeline... ceo seems to know what he is doing too with a "news announcement" this morning. he needs to keep it up and get in front of the press. the pent-up demand as americans figure out how to get in will is also an inflection point we can expect and bank on.
fortune favours the bold, good luck to all.
that is true, like most ipo's and such... but who cares about what the dollar amount is when we can make bank regardless? until you are part of the ipo's, either stick to ico's or make do with what you get or you will always be sitting on sidelines..
with 3 centres expected to be up and running over the next year, it is crazy not to expect a market cap at least of Hive, who has only one centre in iceland (which arguably has higher energy costs based on my limited research). even at $4 we're looking at 164 market cap only.
i will name my first born son kash
good luck to all
nobody halting if it drops 10% in ten mins rite? oh iiroc...
when +$2 in a day is considered a pullback, you know you're on some ride...
Actually, it shot up to $60 plus because a newscast accidentally posted CANN when it meant to post re: another company...