Contrary to your handle you appear to be a level-headed individual and I value your civility.
Please don't take this the wrong way and I in no way intend to offend, BUT, (there's always a "but" and here it comes!!!!) I abhor that argument, "Well one can always sell and move on." Of course that is always an option but move on to what? The failure rate of public companies is far larger than the success rate.
There's no reason why Bitfarms and Hut and others should not become part of the "success" group. However, the methods they are pursuing are typical and not innovative and common practice in the OTC. You include a lot of hypotheticals in your argument. Yes, anything is possible. They just arrived on NASDAQ and waste no time going into dilution not allowing shareholders the opportunity to make some well deserved profits. Not allowing potential institutional investors to do some research I am not an institutional investor so I really don't know how they view this move, not very well according to the PPS movement.
These young companies have these visions of grandeur and what to see their companies listed on the Fortune 500 before their first annual report on the new trading platform.
When your favorite sports team makes a management decision, or new ownership comes in, or the coach/manager makes an on-field decision do you say that's it, I'm going to root for another team? Do you question and/or criticize the move?
So they don't want to sell and Bitcoin because they "believe" it's going to $100k? Why not take some profits, like a good investor does? What if the Bitcoin price instead goes to $10k? What's wrong with maintaining a little "cash" on hand?
As a young company you want to take risks, then stay private until you've proven yourself then go IPO and cash in. This let's go pubic and soak the shareholders is a bunch of BS. They don't say let's go public so we can enhance the value of our shareholders. They see shareholders as a resource and at times a liability, not as recipients of their benevolence.
If they paid a dividend that's a different story. But that happens less and less these days.
GLTY
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