RE:RE:RE:RE:Held gains after big news of crypto miningstockzorg wrote: Interesting. . . They spend $5 million on Doge mining while their servers are croaking from the increase in users. Maybe spend the money on servers? Maybe keep your eye on the ball when it comes to your main product?
I wrote this on March 16. Now the crypto issues are driving the stock by themselves regardless of how the "main" businesses are doing. Live by the Doge, die by the Doge.
That said I'm still comparing HLLPF to BILI over the long term, even though my position looks pretty stupid today. BILI has a $43 Billion market cap while losing $3.4 Billion over the most recent 12 months. On a comparative basis, Hello Pal now looks very undervalued.
As I look at the app each day, the clear spike in VietNam user livestreams over the past month has been impressive, along with the trend among Vietnamese live streamers to up the game with their performances.
Bottom line, the bad news on the crypto side is making the stock cheap based on the prospects for the rest of the company. So I'm holding my nose and buying at these prices.
GLTA. Do your own due diligence. Doug