Some thoughts on recent news...just decided to pop in for a short time to give my 2cents on the recent shelf filing and possibility of issuing more shares. I think Hive shareholders should be aware of two important things here. The first this WAS TO BE EXPECTED. Imo, i think it would be foolish for Frank & team NOT be doing one around these levels when the market is hot AND i also beleive it's in the best interest of shareholders if you wish the company to GROW! Secondly, people gotta remember when times were bad & tough for the company & cash levels were dangerously low, Frank & team were not tempted and DID NOT do one dilutive attempt on the company. If they were not so transparent, greedy & underhanded like most Ceo's, mgmt or companies it would have been done long ago at riduculous levels....probably under 0.50. BUT Mr. Holmes decided not, even thoguh i called them out that they would do it....several times....but he eventually did not. Folks should make a serious note of that fact!
So for those either upset, pi$$ed off and calling out Mr Homes, i say thi...Would you rather they had done it when the stock was trading at 0.25 or at $2.50? Think about that for a moment. Also, if you intend to stay as a long term investor in this company, it needs to grow both organically AND with outside investment.....it's the only way to scale up with limited risk! So i urge shareholders & investor alike to ponder on those thoughts deeply before make a hasty judgement here. Imo, this was inevitable, smart and will be VERY acrretive for the company going forward IF used properly! Which i expect no less from Mr. Holmes & team. Don't be surprised if Frank & crew use this money for a possible acquisition to scale the company into the big leagues! One should always make a differentiation between VERY bad dilution & a good one, and it's my belief that this will end up being the latter & making s/h VERy happy! I hope this clarifies some of the worries or doubts some investors & shareholders had on this news.
Good luck & God speed