Bitfarms Ltd T.BITF

Final thoughts for the week.....

[mrmomo]

With the "expected" (& as predcited by yours truly!) news that Riot has further increased it's ownership of SFarms to ~14%, just a TAD SHY of the 15% magic number that would trigger & put into action SFarm's "Poison Pill"............Here are a few thoughts of WHY i believe Riot mgmt DID NOT accumulate more BEYONDthe 15% threshold .....in what was an ALMOST record breaking ATH for trading volumes for Sfarms yesterday......and they could have EASILY picked up the shares needed to go well past 15%...

So why DIDN'T they?

Easy enough to answer! They DONT want to trigger the so called poisonous "Poison Pill" as it would make thigns more complicated than they are now AND A LOT more expensive than they wanted it to be....for their needs. So what's the Game plan going forward & End Game here for Riot?

My thoughts are since Riot consciously knows & doesn't want the "Poison Pill" to be triggered & implemented.....IMO....they are TRYING to circumvent the so called "small caveats" od the poison pill or the 15% REDLINE. So what i believe happened yestrday with that those almost record break volumes....is that Riot most probably had an "ALLY" in it's midst...in  it's attempts to take totall control of SFarms AND NOT trigger the poison pill. Incase some of you folksdon't know what i meanby this......in simpler terms....they had another "investor" or institution who's sympathetic to their cause... go in with them to accumulate more shares....AND NOT trigger the PP.

Now if i'm correct on this.....and depending how much more shares or what level of interest was accumulated by this NEW ALLY of theirs .......and if they need to report that action to the SEC....in the next few days.....likely NEXT week ...we will know where this isheaded.

Let the Games begin!...........



GLTA

[MrVerbatim9800]

Pretty sure there will another PR soon stating that RIOT now owns 16%,  by the look of things......