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Up about $10 bucks since last time I posted 30 days ago, but nobody cares...
Thinking that's a good thing, no hype, just uppp
I realize this post is a waste of time, but I'm a bit nervous that my NY Giants will get their asses kicked tomorrow by Dallas so I'm distracting myself.
1) Are you thinking the new chick came on board for free? We'll find out soon enough where the "option grants" went & their details, but you do realize she'll get paid some way, right? Could be the NEW dude too?
However:
Option and RSU Grant
The Company announced that the Board of Directors has approved the grant of 900,000 incentive stock options to an officer of the Company which vest over 60 months. The options are exercisable into the equivalent amount of common shares of the Company at a price of C$3.70 per share until October 7, 2031. The Company’s Board has also approved the grant of 40,000 restricted share units (“RSUs”) to an officer of the Company which vest over 12 months. Each vested RSU entitles the holder to receive one common share of the Company. The grant of options and RSUs are subject to the approval of the TSX Venture Exchange.
This means it will take 5 YEARS before "whoever" received them can BUY THE SHARES BY EXERCISING THE OPTION at a cost of guess what? About $3.00 US per share. Maybe it's timed over the vesting period where they can BUY some shares sooner, but the shares aren't FREE and not available all at once. (But they do have TEN YEARS from now to BUY the shares at 3 bucks) So if HIVE is trading at $25 per share around 2026, I'm sure you'll bitch that some capitalist insider is buying shares at $3, right? (It's ok, you can admit it)
2) You ignored my previous post regarding delisting, but you are WRONG about HIVE'S minimum bid for delisting! How the F can they be delisted for being under $3 when they were UNDER $3 when they uplisted?
I will bet my dick (not a big bet, I know) that there is NO CHANCE of delisting because the PPS is hovering under $3! The bet is "off" if God forbid the PPS trades under $1.00 US, which is the threshold HIVE must maintain.
Go Giants
I'm only 1 or 2 more glasses of wine away from convincing myself Hive will be the designated crypto partner for Credit Suisse!
It's fun to speculate so why not?
Simply speculating here, but perhaps HIVE and Defi Tech are being arranged for a future.
Correct me if I'm wrong, but the 1%/5% exchange itself between Hive & DeFi isn't really a giant partnership kind of thing, right?
So when does an independent company issue a PR about "another company's appointment of a director"?
...is pleased to announce that HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE: HBF) (“HIVE”) has appointed Diana Biggs, CEO of Valour Inc. (“Valour”) and incoming Chief Strategy Officer of DeFi Technologies, to the board of directors of HIVE Switzerland.
In other words, why is DeFi so pleased that it issued a PR about about a move Hive made?
Hey, to be clear, I have NO issues with her! I just think she's cute too...
Yeah, all that too!
Just tryin to keep it real...
HIVE is nowhere near delisting danger. Not only does NASDAQ have multiple tiers, there are multiple standards within those tiers. It's not all about PPS.
HIVE closed at $2.86 the last day traded before uplist so how could they be in danger because the current PPS is under $3.00?
If the closing bid price is below $1.00 for 30 CONSECUTIVE trading days, they would receive a delist warning notice. They would then have 180 days to "fix" the problem. During the 180 day period if the bid closes above $1 for 10 consecutive days, everything starts over.
So everything is just swell here...
First ETF combining bitcoin and ethereum launches in Canada
https://finance.yahoo.com/news/first-etf-combining-bitcoin-and-ethereum-launches-in-canada-145811246.html
Sounds like a "proxy" for cryptocurrencies? Too bad it trades on the TSX...
*
Investors who want to buy a cryptocurrency ETF don't have to choose between bitcoin (BTC) or ethereum (ETH) and its tokens called ether, because a new fund that holds both started trading today.
The new ETF from Evolve ETFs trades under the ticker ETC on the TSX and is Canada's first multicurrency ETF.
It will hold the world's two largest cryptocurrencies weighted by their market capitalization, which is around 67 per cent bitcoin and 33 per cent ethereum. For now, Evolve will do this by holding its bitcoin ETF (EBIT) and Ether ETF (ETHR) and rebalanced monthly.
Bitcoin and ethereum make up around 65 per cent of the cryptocurrency market.
"Bitcoin has established itself as a store of value and is often referred to as digital gold," said Raj Lala, president and CEO, Evolve ETFs in a release.
"Ether is often referred to as digital oil and has become an essential building block for digital finance including NFTs and other DeFi applications."
Combining the two can also help provide diversification. Though they often move in similar directions, performance has varied between bitcoin and ether. Evolve says in 2020, ether outperformed bitcoin by over 150 per cent. But ether was negative in 2019 while bitcoin was up 90 per cent.
ETC is TFSA and RRSP-eligible and has no fee but the underlying funds charge 0.75 per cent annually plus applicable taxes. Price movements will be based on the U.S. dollar prices of bitcoin and ether. Evolve says it doesn't plan for ETC to pay regular distributions.
Canada has been ahead of the game compared to the U.S. when it comes to cryptocurrency ETFs. Bitcoin ETFs from Purpose Investments (BTCC.B. and BTCC.U) and Evolve ETFs were the first out of the gate in February.
The SEC in the U.S. still hasn't given any cryptocurrency ETF the greenlight.
Agree, remember, market makers do not have cell phones. They have no other way to communicate other than secret codes! Land line phones & burner phones haven't been invented yet. This is the only secret, secure way they can transmit messages. Think about it. It's true.
Group hug
JETS ETF managed by US Global.
US Global "is" Frank...
The U.S. Global Jets ETF (JETS) provides investors access to the global airline industry, including airline operators and manufacturers from all over the world.
Since 1989, U.S. Global Investors has been led by CEO Frank Holmes, who purchased a controlling interest in the company that same year. U.S. Global Investors is a publicly traded company (NASDAQ symbol: GROW) headquartered in San Antonio, Texas.
This is turning into "who's on first"?
I stand by no mistake was made when Hive said they will be reporting FY2021 results. And it should NOT have been stated as FY2020-2021.
Lol on "we", ya got me. "Hive" is in FY2022.
I've honestly never seen a company's fiscal "year" stated as you suggest, with 2 years shown. Wouldn't that be fiscal "years"?
With all the stuff to complain about, how picky do you want to get with this one?
Yes, Q4 FY2021, which ended March 31, 2021. You know we are currently in FISCAL year 2022, right?
Seriously? Or are you asking if they will release the data Thursday after the close, which is likely when it will happen.
This stock is nuts!
Thanks for the tip.
He od'd about a year later. I remember my wife getting a phone call. Turned to me and said "omg, Mike died!" Without hesitation I said "wtf took so long"?
News! Going forward, Hive will be known as Hive, or, whatever...
Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HVBT) (FSE:HBF) (the “Company” or “HIVE”) is pleased to announce provide its investors with an update on its data center construction in New Brunswick and that its Nasdaq tricker will be changing to “HIVE”.
https://www.hiveblockchain.com/news/hive-blockchain-provides-expansion-update-and-new-nasdaq-ticker-2/
Also,,,
Beware HIVE Impersonators
HIVE has been made aware of a number of imposter groups pretending to be HIVE Blockchain Technologies Ltd. Some groups appear to be involved in schemes to defraud individuals.
We have been contacted by a number of people who have been affected by this activity. Some have apparently lost the funds they “invested” with these unknown parties.
To help people avoid these types of illicit operations, in this article we will address this issue and outline our response.
Multiple HIVE Impersonators
Here is a screenshot of one of the sites which is impersonating HIVE Blockchain. We are not going to link to these sites, and do not recommend attempting to find them. These appear to be fairly sophisticated operations. They are using our executive’s bios and pictures.
https://www.hiveblockchain.com/news/hive-impostor-alert-2/
I think I was trying to bring you back in a bit off the ledge? I understand your reply...
I recall "Johnny" as being a mult-tasker. Like "if Johnny has 10 apples and he gives 3 to Sally, how many apples does he have now?" (Maybe the blockchain would help Johnny keep track of his apples?)
Hate that I'm dragging my heels with laptop, I'll get there.
The saw! In my 20's I was using a hand saw to trim trees (mostly Ash), until my wife bought me a Stihl chainsaw! (16") But my neighbor/buddy decided he liked heroin and stole it...
Enjoy your evening
Do companies routinely issue an 8k with a copy of the PO when they buy materials? Like when Tesla makes an agreement to buy batteries from Panasonic for a 3 year period do they reveal the documentation?
Along that line, what if electric vehicles go "poof" (like your Bitcoin example)? Then what? Will they still buy the batteries?
Regarding this:
This purchase brings the total to 5,292 MicroBT miners with a total mining capacity of 523 PH/s announced just this week.
The "context" is correct. For example:
Suppose Johnny is looking for a pay raise & he tells his boss: I picked 10 apples in the month of July, plus 15 apples in the month of August. I also picked 20 apples Sept 8 thru Sept 10. (That's 45 total apples for those keeping score)
Would it not be accurate for Johnny to say "I picked 20 apples just this week"?
While I think it sucks we are still waiting for official filings, I expected it since the TSX let's them & it's what they've ALWAYS done. I also "think" they've finally addressed the problem by making new hires. I do not however believe Frank is lying about equipment purchases! If I did, I'd sell.
Anyone whose played in the OTC cesspool long enough knows that when 100% of the posts are from "UOG" lawyers (University of Google) it doesn't end well...
I think your post was removed since you posted it on multiple boards?
"Bit-ness", good one...
HIVE Blockchain Orders 3,000 MicroBT High Performance Bitcoin Miners and Mines it’s 1,000th Green and Clean Bitcoin to HODL
https://hiveblockchain.com/news/hive-blockchain-orders-3000-microbt-high-performance-bitcoin-miners-and-mines-its-1000th-green-and-clean-bitcoin-to-hodl/
Makes perfect sense, right?
Supposedly, up until November 2020 Hilla Kochavi was the Marketing Communication Consultant for OWC Pharma.
A "marketing consultant" for a fraud that never marketed anything!
Port, to be clear, my original post regarding Hive's strategy as to what they started mining and what they mine & do now, was intended to be a POSITIVE.
I bought this up due to much discussion about Cardano (ADA). We have heard that Frank isn't interested, but this doesn't mean the company won't get more exposure to Cardano in the future.
We then went down a respectful, informative wormhole which I think is good for all investors?
Regarding the "birth" of Hive Blockchain, a shitty Canadian penny stock known as Leeta Gold, was inseminated in June 2017 with funding from Genesis, and in September 2017, a new company, Hive Blockchain was born via a reverse merger.
Prior to being Leeta Gold, they were Pierre Enterprises & prior to that they were Carmelita Resources. All small time gold miners. I know since since Carmelita was one of the first penny stocks I bought in the late '80's or early '90's & never sold. Each of those companies were basically losers that existed due to continued toxic funding. In September 2017, I received 200 shares of Hive thru the RM. (my reward for being stupid enough to never sell!)
Despite many reports mentioning Leeta & "crypto mining", they are inaccurate. None of those early companies touched crypto. Those news services pick that stuff up as if Hive has been around longer than they actually were.
The public company we are all invested in, Hive Blockchain, did NOT always mine Bitcoin. Yes, Genesis did, a different company, but "some people" with Genesis helped form the "new company", Hive. If Genesis also sold "Betamax" discs, we can not say "Hive used to sell Betamax, right?
And yes, everything you said about Genesis was indeed a cluster-fudge.
For confirmation, I reached out to Frank earlier today. He responded to my email in about an hour! I'm on my tablet & don't know how to "screenshot" the email, so I'll post the text:
*
Date: Monday, September 6, 2021 at 11:39 AM
To: Frank Holmes <fholmes@usfunds.com>
Subject: Hive Question NOT related to report filings.
Frank,
As an original investor since going public September 2017, I have confidence HVBT will make the right decisions as to if/when the company would pivot into or out of other cryptocurrencies.
The topic recently came up in a discussion with another investor who said "Hive has always mined Bitcoin". My understanding is the company didn't start to mine Bitcoin until late 2018?
Can you provide the approximate timeline as to when Bitcoin was first mined, or was it being mined & perhaps immediately sold at startup?
Thank you,
XXX
ANSWER
Re: Hive Question NOT related to report filings.
Sep 6 at 1:06 PM
Hive was to start BTC mining in Spring of 2018 and this was one of the big dissapointments with Genisis Mining not building our facility in Sweden after giving them $34 million and basic breach of agreement and then the former Presdient renegotataed that we would mine in the cloud with their services and this was probablamtic but we did start BTC mining in late 2018. We stopped until we purchased Lachute in 2020. We are very pleased that Hive Atlantic is progressing well and we have hit 1 exa hash and growing our capacity by the month. WE are mining BTC also in Sweden.
Thanks
Peace
Ray, as Frank likes to say, "think of Hive as a proxy for cryptocurrencies". Or something close to that? I take that to mean "rely on other experts to pick the right cryptos?"
I'm a bit more than a decade behind you and made my living as an IT professional who had to stop working due to MS disability. With that, my laptop is still running Windows Vista! My wife bought me a new laptop last Christmas that I still haven't transitioned to. Each time I've considered buying cryptos directly, I've chicken'ed out thinking I'm too lazy to deal with setting up the account, a wallet, security, etc.
TMI?
As rock goes, I spent my first 40'ish years in Northern NJ & have literally been to 100's of concerts in NNJ & NYC. My wife & I saw "Tool" in VA in 2019 so we're still rocking too! (Maybe a bit to intense for nursing homes?)
Rock on...
Are you sure you're thinking of Hive? I didn't dig deep enough, but I did go back to their "first 2 financial reports" & the word "Bitcoin" doesn't exist?
I held shares of "Leeta Gold" which was the company they RM'ed into around September 2017. I've been in since the start & don't recall Bitcoin, which I know, "memory" doesn't count!
From their very first filing for September 30, 2017:
Digital currencies have a limited history and the fair value historically has been very volatile. Historical performance of digital currencies are not indicative of their future price performance. The Company’s digital currencies currently consist of Ethereum, and a 25% variance in the price of Ethereum could have a $45,000 impact on the Company’s earnings before tax.
Also, the only revenue recognition in the report is for Ethereum. Since revenue is recognized when coins are "mined", where is Bitcoin?
From the December 31, 2017 filing:
8. Digital Currencies
As at December 31, 2017, the Company’s digital currencies consisted of the below digital currencies, with a fair value of $5,827,805.
Digital currencies are recorded at their fair value on the date they are received as revenues, and are revalued to their current market value at each reporting date. Fair value is determined by taking the hourly volume weighted average price (per the Central European Time zone) from www.cryptocompare.com.
December 31, 2017
Carrying Value
Ethereum 5,296,327 $
Ethereum Classic 482,046
Z-Cash 49,432
Total $ 5,827,805
*
What am I missing?
ps I'm never offended if I post incorrect info & corrected!
Yes, this I was aware of the BTC update & kind of goes to my point: At one time HVBT was exclusively ethereum based & realized they needed to get into BTC, so they did. Just looking for confirmation they "could" do the same for ADA, or whatever.
Thanks again & for the offer!
Thank you.
I realize I'm opening myself up to ridicule regarding ADA, but... When I Google "can you mine cardano", the answers are "no, yes, sort of?"
With that, we've heard "Dear Leader" has said "not interested" regarding ADA. So "if" ADA becomes the "thing", is there anything preventing HVBT from transitioning to it? They started exclusively mining ETH/ETC and then moved to including BTC, right? Have they not made significant moves since inception in 2017? Will Ethereum crumble overnight? Wasn't ETC supposed to crumble by now?
Wish I could ask my Magic 8 Ball (yes, I still have one) "where will ALL crypto's be in 1 year". I think the answer would be "ask again later"...
I thought the excuse for the BJ's delay was because the CEO died? Are they waiting for him to come back to life?
If they had "ANY ASSETS", would they be in this position?
BTW, Q1 report was due yesterday. What's up with that?
(Sorry in advance!)