Replies to post #418 on HIVE Blockchain Technologies Ltd (HIVE)

[rjunior79]

I will ask about revenue potential number. As for why did they do what they did, I called them last week.
They told me the decision to release shares earlier than planned was to alleviate a short squeeze in the stock. Evidently somebody lost some real money going short, that particular Friday price action in the morning was short squeeze related.

[rjunior79]

I spoke w/Chairman Frank Holmes @ the Hive-Presentation. There was a buzz of people around him and I got about 5 minutes worth of time with him and at the same time a pipe burst in one of my properties (life of a real estate investor) so I had to dash out to call out to a few plumbers in time before dinner.
That led me to a 2 day break solving a major sewage leak. So I have somewhat only this limited information:

REVENUE:
He mentioned they are hoarding Ethereum at the moment and the revenues coming in are $1million per month. However, that amount will jump to $1million per WEEK mid December when the Sweden mine comes into play.

MARGIN
He mentioned their margin is 70% so all in total after December 15, the revenue will be $50million annually and a profit of $35million (70% margin).

MARKET CAP:
He said that was enough to justify a $1 billion market cap.

He verified that the accumulation in action was from institutions buying in. He said he was at a presentation in Hong Kong the day before the presentation and a few institutions bought in.

And that is that!