RE:RE:RE:Price of Mining Machines - January Vs. Today ...Transparency, focus, and execution are required at this point...
Agreed. A lot has happened since the spike in BTC, and a lot of money and shares have traded hands in the company. It would be nice to have some financials to determine what the status of debt vs equity is, and be able to make some reasonable calculations on earnings versus EV, at least as of Dec 31st.
I mean, I can comb the news releases and make my own assumptions, but they have someone to do that for them, or they should have by now. Lord knows why the old CFO left but the assumptions one can draw are not good. And for a company which is spending $20,000 a month on IR and consulting, they're paying remarkably little attention to transparency. Right now we have to take someone's word for it that the power generators are earning well, but what is the payment schedule like? When do the green credits come due and when are they paid?
We're all flying blind here and placing a lot of trust in Ravi Sood. That didn't work out well with Shel Inwentash and if it doesn't work out here, we have only ourselves to blame.