HIVE Digital Technologies Ltd V.HIVE

The price HAS to stay below $3 until financing is complete

[zenith9]

I know this sounds dumb and all but there is a risk the financing doesn't get approved by the SEC if the price goes above $3. I think this is just bad timing on the part of Frank, he was probably expecting a dip after the big run up but didn't expect the quick pump in bitcoin and ETH so now he's in a bind. I suspect he's frantically trying to keep the price below $3 until the financing is closed. Otherwise imagine a company being allowed to issue shares at below market value if this was trading at $4 or $5 for example....wouldn't look good.

I know this is obvious to some...but it took me a while to digest this. So once the financing is complete (hopefully soon) we should see the price significantly rise. I don't think it's short selling in action. Just suppression tactics until the deal is approved.

Hopefully that helps the Convertible Debenture noobs like myself...

[Soundstogoodto1]

Aren't suppression tactics equivalent to price manipulation?  Isn't that illegal?

[Hairybalzonya]

When is the SEC scheduled to finance?

[Singidunum]

SEC doesn't finance. They only approve. Investors finance when they agree with HIVE on how much they will pay per share. It is below market price. Nobody knows when the dilution will occur. I assume it will be soon for $1.75 to $2 per share. I could be wrong. 

[RetireAt45]

So bright boy....how the f@#k do you come up with this  $1.75 to $2 per share finance idea? Or are you just pulling that outta the dark hole in your bottom??

[Singidunum]

Shares are alway issued below market value. Look at Tesla. SEC doens't care how much investors will pay for financing. What a hell are you talking about? Read a finance book before you invest and pretend to know something about the subject.  This is how bagholders are created. 

[zenith9]

I meant to say debentures. It's different for them thought. Correct me if i'm wrong. Otherwise we have someone dumping millions of shares for fun when they could easly DCA out of it on the way up. yay......................sounds smart!!

[rwfresh]

It's a fair question. But the answer is an unequivical NO. The price does not have to be below sale price. It would be impossible to ever approve a deal then unless the stock was halted. So the price of the stock has nothing to do with a deal closing. HIVE could easily restructure the deal tomorrow if they wanted to or simply leave it as is. I don't think this supression action has

[zenith9]

Thanks for the clarification and sorry for my ignorance. I'll shut up now.

[Newbie85]

It's only 1.2M shares in short so volume is nit to high for a $2 stock but short interest has increased in the past two days according to charts

[Newbie85]

Sorry I meant as of Jan 01,2021 there are 101,742,375 shorts outstanding. No wonder they are squirming on this board

[zenith9]

that has to be an error. How can 1/3 of the outstanding shares be shorted? I call bs

[farmboy123]

Its either 1.1 or 1.2million. He's out by a few factors of 10.

[Newbie85]

See the link below and check for yourself. I had to check a few time to believe too. Hive has had the largest short position increase in the 2 week period of Dec 15th-Jan 01 and 1/3 of the floating shares were shorted up until Jan 1st https://shortdata.ca/largest-short-positions/

[Livefreeordie]

Short squeeze imminent