RE:RE:Going 100% HoStile TO?Hey momo,
i ma holder of both, and after i read that riot isused a hostile TO of bitf i start reading many market experts's thoughts about the deal. jp morgan supported it, however there were many wriitings about riot not being very well run.. regardless, i am no in support of riot taking over bitf at their suggested price bitf has done alot of improvements lately( in 2023) to reduce cost, increase speed and spready out over more countries etc...
so to be honest, I used to love riot as it's the largest NA bitcoin mining company andi t was doing well in 2023. so i am bit suprised with the negative senetiments towards it! do you have any additional information since youre aholder? thx
H
mrmomo wrote: Let the GAMES.....& FUN begin.......!!!! Looks like S farms has moved their Queen onto the board, out into play & checked Riot's move.......
And therefore..... BItfarms has gone ahead and adopted a "Poison Pill" plan to discourage Riot mgmt from accumulating further interest in the company, beyond whatthey already have... or to drop the idea alltogether........
Hopefully for me as a Riot s/h....this is WONDERFULLY GREAT news!!!!......and i HOPE this is enough to kill this crazy, dumb & expensive idea to TO SFarms........and to deter Riot mgmt from forging ahead....and hopefully force them to go back to logical reasoning, by build the company up through sound fundamentals & a strong BS..........not this BS
This would be my hope.......BUT.......I have a bad feeling that Riot has ALREADY ANTICIPATED this move from SFarms.....and therefore....will probably continue acccumulating to 15% & most likely counter with another move of their own.........
......And someone will get MATED ....evetually.....on this chess match......
Go Sfarms ...Go !!!! LOL....I'll be rooting for you guys.........for sure...... lol!
https://finance.yahoo.com/news/bitfarms-announces-adoption-shareholder-rights-100000804.html
GLTA