RE:RE:RE:RE:A Bubble? What Bubble?Ntagain,
IVN has moved to the HIVE board. If this keeps up I’ll have to perform a detailed forensic audit of HIVE’s financials on the HIVE board. Most junior companies run out of money and everyone loses their entire investment. That can’t happen to IVN since the Company already has $800 million CAD plus in cash, and very low debt. A quick glance shows HIVE has US $30 million current assets less liabilities. General and administrative burn rate is $6 to 7 million a year. So management makes sure to get paid.They lost $2.7 million last year. Maybe they’ll turn things around. Or not. Then everyone loses their money, except management, who stand to gain big time no matter the outcome.
HIVE should go back to their own board and deal with Tops over there. These boards are not a promotion vehicle for a company to lure investors. All opinions are welcome. If you feel so insecure with your investment, that you believe a Stockhouse opinion is liable to tip share price against the company, then perhaps it’s time to find another investment.