Wednesday, July 19, 2017 10:08:22 AM
I will admit that I am particularly poor at translating 8k's. But throwing this out for discussion.
Who owns 2.2 million warrants of MARA? That's a pretty short list.
If that question leads you to the same place it leads me, then the question is 'why'? Yes, it's a bit of a win for the investor in that likely the warrants are being exercised at less than their original value (does the 8k address this - couldn't find it) but even so, it represents an investment in MARA at this level that leads me to believe that someone believes that better times still lie ahead. Moreover, I am encouraged that the first instinct to get financing isn't full-fledged dilution - this is something short of that. And it does represent cash to us at a critical time.
Yes, this will likely be used as operating expense - including salaries (hopefully not more bonuses!). But I, for one, want us to continue to operate - so we need to fund that. Jalase's idea that we ought to hurt management as much as we can because we have lost so much money is - well, let me not use an inflammatory word here. I still assume that dilution is coming - after the reverse split - but this gives us some time and perhaps slightly lessens the amount. They are doing what they can.
My takeaway on this is someone who knows MARA well (perhaps intimately) is investing in its future even knowing the likely dilution ahead, and is at the same time helping to lessen near-term cash flow issues.
To me, that is a win. We need many more wins - and soon. But it is a win.
Thoughts?
~ yanqui
Recent MARA News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 10:00:05 PM
- MARA Announces Bitcoin Production and Mining Operation Updates for September 2024 • GlobeNewswire Inc. • 10/02/2024 12:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/21/2024 01:20:08 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/21/2024 01:20:06 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/16/2024 03:18:33 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/16/2024 03:07:10 PM
- Grayscale Launches XRP Fund, Coinbase Debuts cbBTC Token, 1inch Reveals Atomic Swap Protocol • IH Market News • 09/12/2024 07:02:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/10/2024 08:35:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/10/2024 08:30:11 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 09:13:40 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 09:11:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2024 12:35:59 PM
- MARA Announces Bitcoin Production and Mining Operation Updates for August 2024 • GlobeNewswire Inc. • 09/04/2024 12:05:00 PM
- Bitcoin Surges Following Powell Speech; Sony Launches Soneium Blockchain; JPMorgan Cuts Miners’ Price Targets • IH Market News • 08/23/2024 07:49:31 PM
- Bitcoin and Ethereum ETFs See Low Volume, FLOKI Gains 8%, State Street Launches Digital Asset Platform • IH Market News • 08/20/2024 07:30:32 PM
- Bitcoin Fall Hits Other Tokens, MicroStrategy Launches Leveraged ETF, Mintzberg Takes Over Grayscale Leadership • IH Market News • 08/15/2024 07:35:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2024 09:27:28 PM
- Marathon Digital Holdings, Inc. Completes $300 Million Offering of 2.125% Convertible Senior Notes Due 2031, Purchases $249 Million of Bitcoin • GlobeNewswire Inc. • 08/14/2024 09:25:00 PM
- Marathon Defies Globalization with ‘Made in USA’ Bitcoin, Mt. Gox Wallet Tests Transaction, and Latest in Crypto • IH Market News • 08/13/2024 07:35:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 10:08:26 AM
- Marathon Digital Holdings, Inc. Announces Pricing of Oversubscribed Offering of Convertible Senior Notes • GlobeNewswire Inc. • 08/13/2024 01:41:00 AM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM