Hive Blockchain Technologies (HIVE) made its debut on the Venture today and is trading at $0.90, up 200% from the price of the financing that took place during the reverse takeover transition from Leeta Gold. I have not purchased this stock today as I have exhausted all cash resources, but it does look interesting.
I recommend reading the registration statement filed on SEDAR:
http://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00004998&issuerType=03&projectNo=02675521&docId=4181847
It's 134 pages and I have just skimmed through it quickly, but it appears to provide a detailed risk-reward profile of investing in blockchain and cryptocurrency. I think this is a valuable source for Fintech Select (FTEC), formerly Selectcore (SCG), investors such as myself.
HIVE has 226,584,760 shares outstanding, about 250 million fully diluted. So at $0.90 the fully diluted market cap is $225 million.
FTEC has 60.6 million shares outstanding and another 26.7 million in warrants. The fully diluted market cap at $0.20 is $17.5 million. Clearly there is large upside and investment demand for FTEC based on what I have seen with HIVE today if it can achieve some of the initiatives stated in the AGM several weeks ago. I am taking a wait and see approach for the remainder of 2017 to see what this company can do.
No comments :
Post a Comment