Fortress accumulation (FORT.V) All Investors/Traders should do themselves a favour and immediately DYDD on Fortress Blockchain (FORT.V).
Follow this link to understand the incredible value proposition at hand: https://lnkd.in/gr452bf
The company is trading a very slight premium to its cash and cash equivalent value, .5x Assets, .78x EV/EBITDA and 0.03 EV/PH. These multiples will not last, and are simply not rational in the current environment.
They also do not represent any expectation of expansion or increase in the price of Bitcoin, which is up $700 since Q2 was reported.
Bitcoin prices rising also imply a significant revaluation adjustment to hit the books in Q3 if this is sustained until the end of September. Over $9 million in Cash and ~$1.5 million in digital currencies at spot.
Float is tight, only 70M shares out and approx 50% of that is tradeable; over 20% has changed hands since the open
Will keep posting here until Stockhouse creates a board for FORT.V - apologies to the HIVE shareholders in advance.