Sol Strategies Inc C.HODL

Management initiate a buy back...

[Cryptobreak]

of shares because they say they feel the SP does not reflect the true value of the company,. Then proceed to do a change of business as the bull run is starting and make the announcement creating uncertainty and doubt impacting the SP in a negative way.. So do you think the buy back was really to support the SP or actually to scoop cheap shares from disgruntled shareholders?

[SASKCHAUCH306]

Most likely for them to buy cheaper shares back. That news release was complete trash...  it killed the momentum and made investors unsure.   There's no other explanation why they would release that saying... we don't know what the hell we are doing just as the bitcoin price is hitting new all time highs.  If they were to liquidate and do a buyout it would be about .21

[Skyman]

They are supporting the share price. Just a few months ago, I was able to buy at 0.085 all the way down to 0.07. Now Canaccord is keeping the price up, even with some investors wanting to sell. You can see the big C blocks on the bid for buyback. I don't mind HODL taking profits on bitcoin. According to press releases, they bought those coins at US$27,000 and sold at US$60,000 just one year

[Cryptobreak]

Lol.. "they are supporting the share price"  they announced the news about change of business just as the share price was trying to break .15..  and since they keep lowering their bids down to .11.. thats nothing like supporting the share price... hey, are you part of management???

[Skyman]

lol. No, that was me selling at 15. I was hoping to buy back at 0.08 again on the next wave, but little hope now with the company scooping up their own shares. I have been in and out of this stock three times, so I can't complain. Good luck to you.

[Cryptobreak]

Well, I have 1.6million shares for sale @$.16.. why dont they just buy them at once... @$.16 I'd still be down 30% but I'd gladly move on.. management made some shady moves.. selling all their original BTC just about at bottom and now selling at 60k is like selling at 18k in the last bull run just before BTC broke previous all time high on its way to 69k...BTC @ 3X from all time high

[SASKCHAUCH306]

Decide to keep them for now?

[Cryptobreak]

Been holding for 2-3 years, I can wait longer if the price stay this low.. management have been positioning themselves into this one heavily.. for sure they will create good returns at some point but for now they are busy getting as many investors as they can out of this play..