At record date for the proxy 135M out of the 170M authorized were issued. When Q2’s ER is released we’ll know more of how deep the shelf has been filled. Employee proxy item did pass, so they need to hold back shares for those employee programs.
Doesn’t leave them with many options: sell bitcoin, start to lease capacity for cash, take on debt, or make a big play for another mining company with funding from debt, cash and stock.
I think we have the team that can navigate these constraints to maximize shareholder value. Of the miners I have held: HUT, RIOT, MARA, and BITF, I feel stronger with the former two than the later two.
What has given you that confidence? Their management team is awful. The last time they diluted they blew every single dollar on compensation for executives and they have been selling off their BTC holdings to continue to be able to stay afloat. They did nothing to prepare for the bear market and now that the dilution is off the table, have basically no viable way to grow.
BASED ON OUR EXPERIENCES – DO NOT TRUST CHAD EVERETT HARRIS OR ANYTHING HE’S INVOLVED WITH!
Chad Everett Harris, Whinstone, Riot Blockchain, Northern Data AG accused of accounting fraud Read that article here.
Chad Harris defaults on million dollar loan, click here to learn more. Be sure to read the court doc. It’s a hoot, He tries to play the victim. The judge ain’t buying it.
Chad Everett Harris owned this business while defaulting on loans and invoices. Click here to learn more.
Chad Everett Harris is a porn spammer? We believe he did that while sending email like these to the people he owed money to.