Hut 8 Corp HUT

Actual footage of Nasdaq meeting

[CannaBaked]

[bufordpusser]

hut won't get uplisted, they only meet one of the requirements.

[dload7]

https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/ Quotes: " The Nasdaq has four sets of listing requirements. Each company must meet at least one of the four requirement sets, as well as the main rules for all companies. "

[bufordpusser]

Accumulated deficit           (115,549,069) This doesn't look very well on the company's balance sheet.

[dload7]

Someone did talk about it @  https://stockhouse.com/companies/bullboard/t.hut/hut-8-mining-corp?postid=32914047

[bufordpusser]

Accumulated deficit are shareholder losses since the company was formed. 115 million is a lot of cash, think about it.

[joecancer]

Here we go again with the accumulated deficit FUD.  It's irrelevant!  Hut qualifies.  Stop spreading garbage.

[bufordpusser]

I don't see hodled Bitcoin as being allowed to be part of hut shareholders equity. Until they are transferred into cash and put on the books as such, Bitcoins are are a speculative asset.

[joecancer]

Are you an accountant?

[bufordpusser]

Would your banker accept a Bitcoin as collateral or consider part of your equity if you wanted a loan to buy a house? sec has to protect investors from worse case scenerios. holding bitcoin may seem like a good idea until it isn't.

[gvixid]

Joe, I agree with your assessment that Hut meets the criteria for nasdaq. However, the level of secrecy from management is what gives me pause. My concern now is that the shareholder base is hanging on based solely on an uplisting soon. Should that not materialize, for whatever reason, the share price is going to plummet hard. Let's hope Hut got all their ducks in a roe to ensure approval for

[joecancer]

Agreed. Although to be honest, I think the secrecy is actually a good sign. The only thing I didn't like was the constant tweeting about uplisting news "soon" a couple months ago.  I think they learned their lesson from that.