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I'll bet you a dollar this will not go grey tomorrow & will trade as usual. Heck, I'll even extend that thru the rest of the week.
The initial "40-F" was signed on May 7th & filed on May 10th.
https://www.sec.gov/edgar/browse/?CIK=1720424&owner=exclude
Does anyone know if the BJ's CEO is still dead?
Lol
Thanks for the cheap shares today. We are soo close for go time....
We're "approved", right? Could come any time. But, If we moved to NASDAQ tomorrow, would anyone care? Crypto is shaky right now, is this a good time? I obviously can't answer your question, but I'm hoping it comes during a "bullish" time...
Thank You. Seems to say a company wouldn't be removed until September even if they don't submit by June 30th? Also says nothing about companies who submit "after" June 30 but before Sept 28.
Typical OTC, "almost anything is possible"...
Can you tell me where I can find something that says June 30? Tia
Still plenty of time...
From OTC Markets:
In September 2020, the SEC amended Rule 15c2-11 under the Securities and Exchange Act, modernizing the legal framework and regulatory status of the over-the-counter (OTC) equity markets. Rule 15c2-11 serves as a regulatory gateway to the public markets, establishing the requirements for public quoting in OTC stocks (i.e. those not listed on an exchange). Over 11,000 stocks are quoted on the OTC market today, from venture-stage biotech startups to multinational corporations. The brokers that quote and trade this vast universe of securities must each comply with the provisions of Rule 15c2-11.
The SEC’s recent amendments overhaul the Rule’s existing framework, with the goal of enhancing investor protection and deterring fraud in the OTC market. The amended Rule, which will be applicable in September 2021, will require OTC-traded companies to make current disclosure publicly available in order to have a publicly quoted market. The Rule also streamlines the pathway to the public market for companies meeting their disclosure requirements and allows OTC Markets Group to play a greater role in bringing companies on our markets.
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When does the new rule go into effect?
OTC Link LLC, our broker-dealer subscribers, and companies quoted on our markets, must comply with the new, amended rule before the September 26, 2021 compliance date. We continue to actively engage with the Commission and our market participants to ensure a smooth transition to the amended Rule, including seeking exemptive relief for certain categories of issuers on our markets.
If you could post your full name, social security number, & D.O.B., I'm sure some people would be willing to analyze your situation?
Lol
Either "that", or, the news is "so big", it's gonna take all weekend to analyze & digest and Frank didn't want the PPS to rise too fast & high? Cooler story, right?
BTW, I also noticed the "Interim" was dropped from Frank's title. Looks like that started sometime in March. Everything now says "Executive Chairman". Sorry if previously mentioned...
Hive sticking with it's secret system of releasing good news after hours, & on a Friday...
https://hiveblockchain.com/news/hive-expands-its-growth-strategy-in-sweden-by-sourcing-more-green-energy/
HIVE EXPANDS ITS GROWTH STRATEGY IN SWEDEN BY SOURCING MORE GREEN ENERGY
18 Jun 2021
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021, to its short form base shelf prospectus dated January 27, 2021.
Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (FSE:HBF) (the “Company” or “HIVE”) is pleased to announce its recent expansion in Sweden with a 4.6 megawatt (“MW”) facility in the town of Robertsfors. This brings the total capacity in Sweden to more than 33 MW and 133 MW worldwide.
HIVE has installed itself in the historic "Diamond Factory" in the small municipality of Robertsfors in the northern part of the country - consistent with its ESG strategy to invest in cold climate locations with access to stable, low-cost, green, and renewable energy sources.
HIVE has already established itself on the premises and started production in the first hall while planning their data centre expansion with an option for more space as the need for additional capacity arises.
"We are excited to welcome a long-term and serious customer at the factory", said well-known entrepreneur and landlord Mikael Bergmark at BrukEtt. He continues: "HIVE is a world-class company that is leading the way for the blockchain sector with its solid ESG strategy; investing only in areas with green and renewable energy, which is precisely what Robertsfors can offer. We are also pleased to see that several local electricity and construction companies are already working in the facility".
HIVE has been operating in Sweden since 2018 and Executive Chairman Frank Holmes believes that this time and commitment to the country has been worthwhile. "While some companies are struggling to find suitable locations for their entry or expansion in Sweden, HIVE is in the position of choosing among several new opportunities that have been presented to us. This is a testament to our reputation as a reliable operator." continued Holmes.
As a follow up, I think it's a generic designation that says "tell us which of the 3 tiers do we qualify for"?
As you know, the filing today was an "amendment", their 2nd one. Main change was was from listing on the "NASDAQ capital market" to the "NASDAQ stock market, llc".
The Capital Market is designed for companies that want to "raise capital". I'm not really sure what the "NASDAQ Stock Market" is all about?
I actually did laugh out loud with that because I can imagine it! Sorry bro, better "weather" to us going forward...
So much fun working outside in the hot sun then rain then dodging lightning then coming home and seeing another down day! Time of my life!!!!
Thank you for taking the time with a detailed reply! I think the point was, if someone "wanted" to claim the loss, (hopefully to offset a nice gain) a courtesy sale is likely the easiest, safest way to claim it without a problem. In addition to my broker confirming that, I have seen many articles to confirm.
I "think" the potential for problems comes in when you "claim" the loss, without actually dumping your shares? I know you can "do it", but it looks a bit tricky?
Stupid me, held shares in IRA accounts so I personally have no reason to "claim a loss" so I'll hold it indefinitely. But someone who "needs" a loss, can courtesy sell. Remember they do "pay you", even if for a penny or 2.
I've actually had dead shells come back to life, but I think they still had a "ticker". Not sure how this one could come back?
PS I hope for the same! Cheers!
You are correct, I said it. My bad for saying "not on time", clearly should have said "without using an allowed extension". I don't like that they do that, but technically it's not a problem "if" they file within the extension time.
I also doubt that item will prevent them from uplisting but I guess we'll find out at some point?
Cheers
PS I also thought you were implying the "current report" was late but I think you know it isn't?
Nothing is late.
Care to elaborate? Note that I'm not a "tax advisor", accountant, etc! However, in the most simplest form, you realize a loss "when the stock is sold".
I know you can complicate things by declaring, proving when a stock became "worthless"; re-filing returns if needed, etc, but the original question from the poster was "how do I claim the loss"? Not "what are my options".
What could be easier than "selling" the shares to your broker? If they give you a penny, the shares were not worthless, right? Why would it matter "when" they became "almost" worthless? The "loss" will automatically appear on your year end statement/1099 you receive from your broker.
I saw FH on Fox Business today. Of course he was listed as the CEO/CFO of US Global. He was pumping up "JETS". Was a "duel" interview with another dude. BitCoin came up. Other guy basically said "BitCoin" is a scam".
Then Frank was pivoted to GOLD. During his Gold pitch, as time was running out, he actually mentioned Hive! He said something like "we have the first crypto mining company blaa blaa blaa,
(and studered when he pronounced Hive Blockchain!), but at least we got a 10 second mention!
I guess that's something, right?
I honestly don't know what to make of it, but we do know they are sitting on A LOT of cash. I gotta think we'll hear more details soon?
Also, when you invest in a hedge fund (I think it's a hedge fund?), is is normal to become a "limited partner" as opposed to an "investor"?
HIVE Blockchain Becomes a Limited Partner in Alpha Sigma Capital Fund
HIVE Invested into Alpha Sigma Capital’s Flagship Multi-Strategy Fund Focused on Investing in Leading Blockchain Companies
June 04, 2021 18:00 ET | Source: Alpha Sigma Capital Fund, LP
https://www.globenewswire.com/news-release/2021/06/04/2242344/0/en/HIVE-Blockchain-Becomes-a-Limited-Partner-in-Alpha-Sigma-Capital-Fund.html
Yes, that was what I said (sort of) in my option "B". TDA did that for me with 2 other dead tickers I held. They even waived the 6.95 fee.
One sale netted me .02 cents & the other cost me .95 cents. Weeee
I'll be able to claim the losses with 2021 return...
A) You can hold your worthless shares forever & hope for a miracle.
B) You can call your broker tomorrow and tell them to "buy" your shares for "nothing" to essentially close the position & claim the loss.
Nailed it.
I look at it this way: those of us who got f'ed by this scam have every right to hang around & piss & moan. I'm still holding my shares and WARRANTS! (How dumb am I?)
I expect at this point to loose it all, but maybe because I'm stupid, I check in all the time. Maybe I'll find out everyone in Joey's family will get Covid? Not that I want his children & wife to die a slow death while Joey watches, but we can hope, right? (Does that make me evil? Whatever)
On the other hand, I held $15k in LT@NC since 2014! Recently, it came alive. I cashed out with a $35k profit.
I held $2K in shares from 2018 in GG@II & sold for a $1k profit. Yeah. Had I held them an extra couple months, they would have been worth $400k! (Not a typo)
I took a $100 loss in EE@GI recently that would have earned $40k profit a month or 2 later. Oh well.
My point is why not get my money's worth & watch the show? Oh, & bitch along the way...
Yeah, but maybe a new Covid variant will emerge that will infect millions & ABMC will talk about a test they "might" sell that "could" drive the pps to over a dollar again & Adam & Sporty will come back to help and that would be good, right?
As Metallica would say, "am I evil"?
Believe it or not, I was holding shares from 2014 where I paid .34 cents. Had more at stupid high prices too but fortunately I bought a couple million more. Sold enough to bank $35k profit & still holding about $10k value at current pps.
Not a stupid "investment" for everyone, right? What could go wrong?
? Wouldn't she remain on the board "until she isn't?" And is that not what the current filing is about? FWIW, I voted "FOR" everything, except Melissa, a few days prior to the filing. I assume others dis as well?
Looks AWESOME to me! Glad I voted her out although I doubt I made a difference!
You nailed it...
We are currently smack in the middle of "fiscal Q1"! March 31 was fiscal year end, the report is DUE July 29 but they have yet to file a year end report on time. The extension, if used, means mid to late August.
Q1 ends June 30 & is due end of August. The past 2 years Q1 was filed in OCTOBER.
I guess cancelling $3.1 million in debt & some warrants is the "positive" here?
As a result of this transaction, HIVE has extinguished loans which were assumed as part of the original transaction in May 2018, with a balance of USD $3.1 million based on our most recently filed financial statements for the period ended December 31, 2020. Original warrants granted for milestones associated with the Kolos land development that have not been met will naturally be cancelled.
Interesting:
https://finance.yahoo.com/news/u-global-investors-announces-third-174200916.html
SAN ANTONIO, May 07, 2021 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (Nasdaq: GROW) (the “Company”) will host a webcast on Monday, May 10, 2021, at 7:30 a.m. Central time to discuss the Company’s results for the third quarter 2021. An update on HIVE Blockchain Technologies (“HIVE”), the Company’s strategic exposure to the crypto asset boom, will also be discussed.
Nice tease Frank, we have all weekend to speculate what the update will be...
...
Setup a "Go Fund Me" page & I'll contribute $25 bucks. If just 3 others are willing, there's a big C Note for you! I'm down over $10k here so what's another $25?
Even if you don't go & post a pic of yourself drinking a $100 bottle of wine while giving us the finger it would be more excitement than ABMC is giving us and worth it!
Replying to Hobo etal too: My understanding is "foreign" companies listed on a US Exchange must file form 20-F or 40-F (F as in Foreign) which is an "annual information report".
Side note: OTC Markets is NOT considered an "exchange", which answers why it's not currently filed.
Since a 20F or 40F "would be a requirement" for a NASDAQ, NYSE, etc listing, I'm looking at it like a prerequisite?
"Canadian" companies file the 40, not the 20, which is the one FH keeps referring to. We know that Hives' headquarters is in Canada, but "my guess" is maybe since they have multiple facilities in various non-US countries they need to file the 20?
Bottom line is I will rely on FH & the lawyers for filing the correct form! The key takeaway is both the F forms (20 OR 40) are required to be listed on Hive's website (and other public access locations) so even if they don't PR anything about it, savvy shareholders will know when they do which also will mean they are at least attempting an uplist.
I have an email reply from Frank from 3/1 just before the last CC. I politely asked him "if OTC Markets & TSX.V were fine, do you plan to delist GROW from NASDAQ & move it to OTCM/TSX?"
He specifically mentioned 20-F in his reply & continues to do so in interviews. So either he is mistakenly referring to the wrong "F" form, or they're moving out of Canada?
Which adds another twist:
SEC Form 20-F is an annual report filing for non-U.S. and non-Canadian companies that have securities trading in the U.S.
Hive currently is considered a "Canadian Company" but the 20-F that FH refers to is for non-US and non-Canadian companies. Are they planning to domicile in Iceland or Sweden too?