Very interesting, growing co now entering NFT space:
Just came across this little penny play doing research on why HIVE suddenly began showing relatives strength within the bitcoin/ethereum mining space. I see that HIVE made a strategic investment into NETWF, along with Global, as a play on NETWF's newly announced hire of a senior executive to help them add NFT's to their strong and growing portfolio of entertainment assets. A legit, growing, award winning company with a good reputation, now entering the NFT space, with a large portfolio of assets already recognized, popular and ready to have NFT's created for them. I can see why HIVE has interest, and you know they did their own due diligence first. I also like that this company was recently upgraded to the OTCQB, a more challenging accomplishment these days with the OTCQB's tighter listing requirement as it grows its own reputation.
I like that HIVE made a $2m+ investment, paying $.15 per share, and that Global also made an investment, both because of NETWF's entry into the NFT space, and both very recently. It appears NETWF has only about 74m outstanding shares, after the recent HIVE and Global private placement, and only about a 56m share float, with strong insider ownership, and at least some early institutional ownership. I suspect this has rather significant upside potential, though everyone should of course do their own DD.
This appears to be a greatly undervalued, emerging little growth play with significant upside potential in perhaps the hottest space in crypto's these days, NFT's.
I initiated a position today at $.18/$.19 per share, and plan to add more as it rises. Long & Strong.
