RE:Going 100% HoStile TO?Just an update........along with a slight correction & clearing the air on certain things.....
First, i would like to quickly "correct" some info i posted yesterday regarding Riot's accumulated "interest " in SFarms....as of June12. I had mentioned Riot held about 13.5% of SFarms, after the latest SEC filings, But unfortunately that figure was based on outdated financial information regarding on how much paper SFarms had o/s.
With SFarms's ATM constantly working overtime 24/7 & them heavily diluting over the past month or so, the o/s shares count has sharply exploded and thus Riot's share has slightly decreased somewhat. So it's not ~13.5% based on about 400M anymore.....but ~13% based on aproximately 415M o/s is the correct number. And i FULLY expect that figure to keep exploding upwards in the next few months, as their ATM financing comes to a close. At that rate, SFarm's share capital will be around ~500m by year-end....and double that should the Poison Pill get triggered.
In addition to this, it seems Sfarms has gone both on the defensive & offensive...at the same time wit this recently released news lol.......in the link below.....to attempt to derail & discourage Riot's Hostile TO offer. And to attract investors to their dismal, flaying stock and keep the pressure on Riot. By quickly flipping through it, it seems they are increasing "potential" hashrate...again.. with some REALLY grandiose, bluesky goals. LOL. Whether they actually "execute" & come through with all of these "lofty promisses" ....remains to be seen. Why? Because in this industry, It's VERY EASY to promise BUT very difficult to actually achieve them & deliver.
https://finance.yahoo.com/news/bitfarms-enters-agreement-develop-120-100000549.html
Lastly, judging by some of the repliesto me post, i see some of you folks still think/believe this stock is "greatly" undervalued "should" be worth north of $5 bucks....lol.....Just a few brief thoughts on this....First... i hope that's 5 Kanuck buckaroos...lol.....Secondly, you guysare either delusional & living in a dream world OR not that knowledgeable about the sector and how to value these companies......Maybe even both is likely. At 5 Kanuck bucks, that would put the company at avlaue of OVER $2B