Post by
checkup on Feb 07, 2023 12:52pm
Merger positive
All stock merger with domicile in the US......good idea as Canada is Broken in many pieces.
Comment by
bajanjohn on Feb 07, 2023 1:46pm
Positive, I do nort think so ....a 5-1 split not good. This amounts to a huge loss for HUT shareholders on an ongoing basis vs usbtc. Do not like the deal , Hut has sold us out.
Comment by
checkup on Feb 07, 2023 2:05pm
Shoot, I missed the split info......you're right that is not good. That puts HUT shares O/S at 1,102.74 million i.e. over a billion shares....are you serious?
Comment by
bester1975 on Feb 07, 2023 2:13pm
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Comment by
bajanjohn on Feb 07, 2023 2:15pm
I think you have it backwards 5 shares will now be 1 share
Comment by
checkup on Feb 07, 2023 2:44pm
Right....that's called a consolidation. Each stock will be valued at 15+ Hard to assess at this point.
Comment by
Hotdoger on Feb 07, 2023 4:41pm
Excellent news. Growth is key
Comment by
checkup on Feb 07, 2023 5:13pm
Well the market doesn't seem to like it. Likely because it is hard to understand all the moving parts.
Comment by
Hotdoger on Feb 07, 2023 5:24pm
Seems more of a neutral response which is to be expected...but this won't happen for a couple of months atleast. Still need a vote. Growth is good as well as the reverse split. Stocks splits can have a negative short term effect but ultimately will make HuT more attractive institutionally. Grow or die!