RE:RE:RE:WARNING: possible dumping ahead
This is old news to those investors who read a few of the news releases on SEDAR back in the summer and fall. I'm of the opinion that this is already incorporated in the current share price. Of course the share price will oscillate but that is just the marketmakers and daytime players doing trying to do fast flips for income. Don't be phased by this. This stock will edge closer and closer to the $0.90 mark with each passing week/month.
Investors in private placements can make a lot of money. That is just how it goes when you have the capital a company needs. Once you have the wealth to put $1.5M into a single company, then you obviously get privileges. If you only have $3K to put in a single company, then you only get access to the secondary market with the rest of the pocket change players.
Shares unlocking after a hold period happens all the time. Sometimes it share price dips, sometimes it stays flat, sometimes it just keep rising. The high volumes can handle the sales from private placement holders who want out early so I'm not going to lose sleep.
HIVE got punished because they were dumb enough to disrespect the trust of their shareholders by announcing the private placement would happen a week sooner than schedule. Why those executive morons would do such a thing is beyond me. That would cause anyone to lose confidence. It will not be easy for them to regain that trust and rightly so.
As long as CODE leadership avoids a similar stupid misstep then the price should continue on its upward tragectory.
If you get frightened/excited by CODE price movements of -/+ $0.05 then you probably aren't well suited to investing in venture markets and should focus on more ETF type investments.