Post by phoenix_traderon May 10, 2022 7:10pm
203 Views
Post# 34672337
Hive will roll shares back 1/5 to move share price up.
Hive will roll shares back 1/5 to move share price up.Frank Holmes, Executive Chairman of HIVE stated, "In speaking to shareholders at the numerous conferences I have attended in the past 60 days, it is apparent that some shareholders are finding it challenging to compare HIVE to its industry peers as we have many more shares outstanding." Mr. Holmes continued, "Even though HIVE has a higher market capitalization than many of our peers, and stronger fundamentals as measured by Price/Earnings ratios, revenue per employee and debt to equity ratios, the increased share price creates more institutional visibility because many of their fundamental screens exclude stocks under $5 a share. Hive has very attractive fundamentals when compared to other tech stocks and trading at a higher share price can make it much more appealing.