Replies to post #965 on Bitfarms Ltd (BITF)

[chestnut42]

Did you vote yet. I voted against it, not that it matters much, 2900 shares doesn't really add up, except maybe send them a message. Shareholders are tired of dilution

[PennyStaIker]

The TSXV requires all new applicants to deposit securities into escrow before listing on the exchange. They are then released in predetermined blocks over time.


See page 15 for Bitfarms’ initial amount and the original release schedule (from 2019): https://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00046249&issuerType=03&projectNo=02890726&docId=4543983

I believe the NASDAQ uplisting has qualified them to release the remainder early (although they will still trade on the TSXV as well). This may be related to some DTC requirement.