HIVE Blockchain Technologies Ltd (HIVE)

[hobowilly]

Don't believe Genesis has much of a say at all anymore.
Blah, blah, blah, blabbity blah

HIVE Blockchain Provides Update on Proposed Partnership with Argo Blockchain
BY Canada NewsWire
— 10:20 AM ET 09/03/2019
ZUG, Switzerland and VANCOUVER, Sept. 3, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. ("HIVE") announces that it has ended discussions concerning a proposed partnership and share swap with Argo Blockchain ("Argo"). HIVE previously announced on May 31 that the Company had entered a non-binding letter of intent and heads of terms and a share swap agreement with Argo to explore a proposed strategic partnership.

"At the time of the announcement, our analysis indicated that Argo was significantly undervalued, and a relatively quiet stock trading below cash per share which made it an attractive investment. Today, in our opinion, it is fully valued," said Frank Holmes, Interim Executive Chairman and Interim CEO of HIVE. "Since the announcement, HIVE's global brand has ignited awareness of Argo and its stock price. After analysis we are of the opinion that the best use of cash for HIVE shareholders is to expand operations in Sweden and North-America directly rather than invest in Argo. Further, their strategy and tactics have changed. We wish them success in their future endeavors in the crypto blockchain world."