Post by
LeJames on Mar 29, 2021 11:47am
People are apparently jumping ship
Sad to see all other CAD Bitcoin plays are up 5% plus while HUT down big.
I warned CC would be the last chance for the CEO to stop treating investors like kindergarten babies.
Even more dodging and deflecting. Are you serious?
Show the Bloomberg interview who has experience running a business and see what he/she thinks.
And the time slot on Bloomberg ain't cheap?
HUT still has significant upside for sure. But management's incompetence has made this an ultra long haul play than just a long haul play.
Let's play this game.
Comment by
Kylemcc10 on Mar 29, 2021 11:52am
Sold a third of my shares. I've had my time with so called undervalued stocks that had poor communication. They end up being a huge waste of time. If this starts to turn I'm still invested but I'm taking a step back today.
Comment by
bufordpusser on Mar 29, 2021 12:00pm
I think holding mined Bitcoin as these prices is irresponsible to shareholders. The goal here should be to sell an diversify to Improve the balance sheet. I invested cash to make cash, not to be Bitcoin rich. The dollar won't crash in the near future but Bitcoin could.
Comment by
joecancer on Mar 29, 2021 12:15pm
I think you should put your money in a savings account then. The value of Hut8 is their bitcoin holdings. Selling them would be the dumbest thing they could do.
Comment by
bufordpusser on Mar 29, 2021 12:48pm
Bitcoin holdings are about $184,000,000 if they sold today. Market cap is $1,010,000. Other assets are some tin shacks and computers which will be outdated at some time in the near future. This stock is high risk at it's current valuation.
Comment by
bufordpusser on Mar 29, 2021 12:50pm
sorry for the error, Market cap is $1,010,000,000 or a little over 1 billion.
Comment by
ToothlessGrin on Mar 29, 2021 12:20pm
Yes, I agree. Existing shareholders wouldnt mind seeing actual cash on balance sheet as well. Please do not go down further dilution road to "raise cash" when we have some assets to raise cash. Oli companies sell oil, Gold companies sell Gold, Hedge some production for stability in cash flow. This is prudent.
Comment by
Lagerlo2021 on Mar 29, 2021 11:54am
Yes. 5hese BTC increases getting routine. It will need to jump dramatically now...
Comment by
Argyrocatharsis on Mar 29, 2021 12:00pm
imo, it will jump dramatically once the shorts cover and they scalp enough shares for cheap ,only to repeat the game UNTIL we list down south
Comment by
Kylemcc10 on Mar 29, 2021 1:29pm
If this is red on a great day for bitcoin, don't bother buying today. A little pullback before 60k and beyond will send this thing down even harder. More discounts to come