For those that have Q's or worries.....franco62 wrote:
"I'm wondering if GBLC does have interest in cardano. The reason why I'm asking is that it is not reflecting it on the share price. Is anybody know what are their investments? PS: I red the June presentation but no mention there... Regard's"
The last i've seen or since the company has reported, they were still heavily invested in Cardano. It's one of their biggest holdings and i haven't seen or heard anything from them or anyone else that tells me different or that they've liquidated their position. The reason that you percieve that Cardano's price increase is not being reflected in GBLC's stock price is probably partly misunderstood & partly a delayed reaction. The increased buying & volume GBLC has experieced recently is proof that Cardano's performance has had an effect on the stock price.
The problem here is two fold, recognition & share capital. As Graph only trades on the lowly Canadian exchange (CSE) on the Canadian side & ONLY on the pinks on the US side, it doesn't get the recognition or respect other more "attractive" investments like Hive, DMG or Bitfarms get that trade on more reputable & accessible platforms. Secondly, the company has A LOT of cheap paper on their books, A LOT! We're talking ~450M o/s bananas and now over 500M with these recent acquisitions. This has somewhat happered the rise and needs time to be absorbed by the market.
This is the second time the company has announced an acquisition at the exact time that the Cryptos have had nice run. Not sure if it was intentional or not by mgmt BUT this is starting to become irritating for me and assume for many other investors. I know that mgmt is eager to grow the company at an accerlerated rate BUT i hope they also understand that timing and carefull planning is also VERY important to sustain the company longterm. With this said, even with over 500M o/s shares, i still believe at leat 0.50 is quite possible IF the Alt coins like Cardano continue their rise AND their NFT business flourishes & continues to be trendy with the population, especially mellennials.
Remember folks, GBLC is the only publically traded company that i know or i'm aware of that dabbles ONLY in the Alt coin business. So if someone is interested to make an invesmtent in this space, they only have two choices really. Directly into the tokens themselves OR GBLC stock......if they're aware it exists!
Good luck & God speed