RE:Going 100% HoStile TO?As this"sad story" continues to play itself out, i just want to make one thing VERY clear on here.......for ALL my other fellow investors......
If you make dumbAZZ stupid comments, either because of pure stupid ignorance/low IQ or just a simple lack of knowledge (which in this case you should keep your trap shut for your own personal benefit and street cred).......in this industry......Let me just say......i won't be wasting my precious time & YOU certainly won'y get a reply from me ....... Cetainly NOT from awful investors and/or from former/current BAGholders of that wonderful canabis industry...... So be forewarned...!
As for this "situation" with Riot & Sfarms playing out, the song continues to play on AND Riot slowly continues to accumulate shares......AS i said they would do.....at this turtle neck speed. At this rate, MAYBE they reach somewhere around 25% in about two weeks.......IF this is their ultimate goal.
I don't know where the "End Game" is with this dumb, and quite akward TO attempt, but just the fact they are offering $2.30/share to SFarms s/h WHILE grossly overpaying beyond that level themselves with these little spurts of buying.......has much to be desired on their competence & validity of their bid. Do these fools (YES i mean Riot mgmt!!!) actually know WTH they're doing here? Because from my perspective....it seems they DO NOT & are totally lost..... just playing it by day......
In addition & to end this commentary on a hopeful note, for you Riot s/h just like me who DO NOT approve of this Forest Gump manuover by Riot mgmt.......MAYBE there is some light at the end of this tunnel for us in that respect......As you're probably aware by now, Riot just became the newest & latest member....OR victim if you prefer.....of those infamous Short Seller bottom feeders.
So what does this mean for us Riot s/h? It means that since Riot mgmt got themselves into a little pickle with this stupid move, the WallStreet Sharks have pounced on the weakness, on the "opportunity" and have begun to massively short the stock......probably started days ago when news leaked out about the TO....and probably even long before that with modest short positions on the sector as a whole, targeting major players like Riot. And honestly, IF i was a perpetual Short Seller, i probably would have done the same on Riot's dumb A.
For those interested in the Short attack on Riot and more details, i'll post the link below. But please realize Riot isn't the first victime and probably won't be the last as this industry has a REALLY BIG RED bullseye painted on its back. For perspective, just look at the con-job thatwas done to HU8 just afew months ago. Same story...SAME MO.
https://www.coindesk.com/markets/2024/06/05/riot-platforms-falls-after-the-bitcoin-miner-is-targeted-by-short-seller-kerrisdale/
The smart folkswill be buying up Riot at these crazy low prices....because when this stupid TO story blows over & the SS fools leave town.....this will moon over $25 bucks as Bitcoin continues its march towards $100K. It's crazy to think that a company like Riot, as foolish/greedy as mgmt are.....with their delusionsof grandeur & overTheTop lucrative salries..... the fact of just having a simple but quite large stack of 9K+ of coins on their BS.........would be ludicruous not to believe this isn't going to the moon with the Apollo Astronauts. Something that our poor lowly friend here......S Farms.... sorely lacks. And to be quite FRANK......you'd be lucky & blessed to be a part of Riot's fold....EVEN if i don't like it or approve!
That's MY RANT for the week on here.........And until next week or until we have further news! Mr Mo has left the building.........
GLTA