Replies to post #1787 on HIVE Blockchain Technologies Ltd (HIVE)

[CES2002]

what about the increased value of their Bitcoin/Etherium stash?

[hobowilly]

Well any clarification is welcomed.
If they do have to report their selling and they use a Form 4 to do it then the reporting requirement is four (4) days.

In regards to Bit running and this stock not, it's not very obvious. You want to buy a Bitcoin, you fork over $11k. You want to buy a Bitcoin miner you fork over at most (GBTC) $15 a share down to (HVBTF) $0.38 a share.

Where is the average Joe Retailer going to look to buy. In my opinion when Bitcoin runs it becomes a very emotional buy and Joe Retailer will look for anything cheap that has "Bitcoin" "Crypto" "Blockchain" et al in the company name. Joe is much more likely to load up on OTC Bitcoin miners than the actual $11k cryptocurrency.

That's why I don't understand why this ticker is lagging behind other miners unless Genesis is dumping.

IMHO

I do not agree that Bitcoin and Bitcoin miners are 2 separate entities unrelated as you state. There is certainly a relation. If it wasn't for the former the latter would not exist.

[ChuckBits]

I agree with "most" of what you're saying regarding "interest" in the stock vs buying Bitcoin direct. If someone buys Bitcoin, well, they are buying "Bitcoin".

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"?