CORRECT. We've also known that ActM was going to fill this lengthy hashing void with a large chip order from Avalon that through no fault of ActM's will not happen. However it doesn't change the fact that there's no reason whatsoever to invest in this security at this time. As people recognize this fact and sell the share price drops.
That's all fine and well.
I'm starting to come to the conclusion that seemingly few people in the bitcoin securities space can even comprehend a time frame longer than 2-3 weeks. There's nothing inherently wrong with that - I mean after all, if Company A isn't making you money right this moment, Company B might be able to. Sure, fine, go look into Company B. But the idea that Company A is totally inept for not producing at this moment (which they told you they wouldn't be able to beforehand) is immensely shortsighted. And to then use that as a foundation to make a statement like "there's no reason whatsoever to invest" goes almost perfectly against what an investment ought to be
There is something to be said for the opportunity cost argument, but I do completely agree with you that that does not equate to the Company A (in your example) categorically not being a good investment. It's simply not a short term one.
