I agree with both of your posts. The astonishingly high number of shares, of Hive isn't good. But as long as Frank doesn't dilute a day before the up listing I think the SP will surpass Hut's. Bitfarm already has and still isn't even on the Naz yet.
Being on the highest tier of the Naz, hasn't helped Hut any. So I really don't think which tier of the Naz you list on is relevent, yet. It will matter later on just not at the moment, IMO.