Monday, June 24, 2019 10:17:46 PM
If someone invests in this stock, they are buying the company's debt, equipment, knowledge, salaries, etc, and hopefully the company's skill in knowing which coins to mine, hoard, when/if to sell, and so on. In other words, relying on someone else to make educated decisions.
OTC stocks certainly "can" be bought & sold by non-US citizens.
Hive also trades on the Canadian TSX Venture exchange as "HIVE". They are technically a Canadian company. I asked them a while back if they had plans to uplist to a "real exchange" and of course they said "yes", (like most OTC listed companies say).
Their 1st Qtr ends June 30th.
The company's "plan" is to build to be a large scale miner of whatever the best thing to mine is, by acquiring or partnering with whoever they need to. This means lots of capital and "likely time".
I believe a negative issue right now is the falling out with Genesis. Genesis unsuccessfully attempted a hostile takeover of the Hive board & then Hive said "give us our $50 million back". Bad blood which I don't think has been resolved? Markets hate uncertainty.
Most of what I just said can be found on Hive's website. I should say all of my comments are NOT directed at you! (I just replied to your post)
Finally, I'm really tired right now so hope this makes sense? I jumped in waaay too soon here so "hope" to be in for long haul (unless they go bk like you said!) And, to the other poster, maybe this helps explain why Hive didn't/doesn't move in tandem with "Bitcoin"?
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