RE:RE:Funny Accounting ??EuroTrashMan wrote: Hey Oregon,
they have a march 31 year end. that is why this was Q3 2019 (fiscal, not calendar).
However, they have a very straightforward business. You can track costs and revenues pretty much by the second online. Yest they file their FS 1.5 hours before deadline. Most file 2+ weeks before deadline. Even real mingin companies that have very difficult costs to track.
I agree with you fully on blockchain vs crypto. Problem is HIVE has NO blockchain tech. NONE. They have some dated gpus in iceland and sweden. And then a bunch of cloud asics they rent from Genesis, at way above market prices, year to year. If cryptos take off, so will the cloud mining costs when they renew at the end of the year.
Business is dead. But I dont see much downside below 25 cents in short term . Could probably liquidate today and get 20 cents a share........if in fact they hold that crypto..................
Oregonduck wrote:
According to the latest News Release March 1, 2019, they already put out Q1 2019, Q2 2019 & Q3 2019 numbers...They must have real foresights or fu#k-up accounting staff. They should just focus on blockchain & forget about investing in crytocurrencies. JP Morgan's Jamie Dimon slammed Cryto as a fraud, but high on blockchain technology. This Co. will be running out of money soon with its cash burn.
I have an MBA degree from Trump University Online...I still don't get it...The latest 9 months Q3 interim results ended is Dec. 31, 2018 where they lost $36.4 million (filed on March 1, 2019). . For the year-end March 31, 2019, they have 90 days to file an audited statement. After that year-end, the next reporting dates for the "New Year" are Q1 2019 (ending June 2019); Q2 (ending Sept. 2019); Q3 (ending Dec. 2019) and Q4 (ending March 2020). Those reporting events have not yet occurred.