Riot Platforms Inc (RIOT)

[WhichWayToday]

Tip Ranks still bullish on Riot. The recent financials were excellent apart from one thing. The shares to employees. $36 million of them. Plus some other stuff. Investors don't like that by hey, it is behind us now. Hope the company doesn't make this a habit though.

The $600 million offering that was hanging around Riot's neck finally got filled as well. It explains why the S/P hung below $30 for months on end. No doubt held down to make sure investors interested got the best deal before Bitcoin moved up. So Riot have $600 million from that and that's behind us too. It diluted the float by 20% or so as I see it.

Now we wait and see what the powers to be do and what Bitcoin does. More governments are afraid of it. Because they don't understand it for one and they lose control of their own currencies and all the manipulation that goes with that. Not to say Bitcoin is not manipulated though. It surely is and perhaps some kind of oversight is not a bad thing. GLA