Ein paar interessante Statements zu Hive innerhalb der GROW Conference (Thomson Reuters StreetEvents, vom 7. September 2019):
https://finance.yahoo.com/news/...-earnings-conference-235346544.html
Auszug:
Next, please. So last year, this -- no, 2 years ago, we launched of HIVE. As I said, it was a roller coaster ride. We made a strategic investment, and it's been very volatile to our overall GROW stock because the underlying stock in cryptocurrency and HIVE seems to -- it was correlating very tightly with bitcoin and Ethereum, particularly Ethereum price action almost on a daily basis. It became a proxy for those who did not want to open a wallet and trade bitcoin, Ethereum indirectly. HIVE became a proxy for investors.
Next, please. So HIVE 2.0 is growing. It's a coin inventory. And we've been -- we've sold and bought. And so we assess opportunities to participate in the blockchain technology ecosystem, and we evaluate, execute accretive M&A deals.
But -- the next visual, please. But we have been consumed this year. We had a proxy pattle. We had great concerns with our largest investor, who earns the bulk of their shares through a swap at the beginning of the creation of HIVE. And so what really transpire when I became the interim CEO was transparency, the GMPs of the world who took the company public and helped raise $200 million, their research analyst who kept talking about lack of transparency on cost, et cetera. And Genesis Mining is a private company, and the management there had big turnover in change. And they were just basically [somewhat] private company, and they weren't going to give us the transparency that we needed to raise money with or to make investors feel that we weren't gouged for pricing. And that led to a big dispute. And -- but we prevailed. We resolved at the end of June. We had a peace and prosperity agreement. And so now we've seen HIVE has been sold down. It was so down in particular -- it came out that Genesis sold a lot of stock in the month of July.
And then we've had delays in getting our audits out and done. And the reason for that big part of this whole delay is new accounting rules in Canada for any public blockchain crypto company came out. The accounting Board of Canada made these pronouncements the fourth quarter of last year. And most of the companies had their year-end was in December, ours was March. So we didn't get this notice that all the major audit firms were basically pushed to drop audits on -- and mid cap audit firms on anything with blockchain. And so those turmoil [maintenance], we didn't think we're going to go through it. And in February, we got a letter that we had to find new auditors. So we had to go through that process, and it delayed us by 6 weeks. We were able to secure a firm that has great expertise now in this space and dominates audits on the micro cap stocks in Canada. So Davidson Partners (sic) [Davidson & Company], so they're a great firm, and they're rigorously doing the audit. And hopefully, we get it out as soon as possible in this -- the month of July is -- as we -- every 2 weeks, we make announcement that we're making progress on this. And so I think that that's been sort of a headwind until we get this out. And once that's done, that audit's done, then I think that it recalibrates itself, HIVE.
HIVE is producing again in Sweden. And so we're major Ethereum producer globally, and we're taking over the facilities. That transition is taking several months because of the technology and et cetera and hardware and software. But we've got revenue and we've got cash flow. And that's very positive for us as we go into being able to provide more transparency for the investors. And Genesis can go on and do what they want to do. It's a private company, and we can go on to be able to be more independent and be able to get transparency that investors and brokers are requiring of us to provide.
Allen ein schönes Wochenende. Die Hoffnung stirbt zuletzt! HR66
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