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Like the comment that it is important that company has active communication before the ipo because that then sets a precedent for what is considered normal. As PW has been very open will give him more ability to be open during the quiet period.
https://icrinc.com/insights/making-noise-in-the-quiet-period/
Doesn’t seem to be any issue with companies carrying on with normal course of business communication. Assume that monthly updates and machine news would fall within that.
My post at 08:12 referred to regulation. If interested see https://beincrypto.com/fca-bank-england-blockchain-regulatory-reporting/
Thanks @limpalong and @hexam that's how I would interpret that phrase, given its not a statement of company value
@Hexam, good posts again this morning. This is how I read it but I am not sure PW will. IMO, we definitely need these updates on performance and new machines to encourage new investors and that hopefully will mean we gather momentum. ATB
"the quiet period is an SEC-mandated embargo on promotional publicity. This prohibits management teams or their marketing agents from making forecasts or expressing any opinions about the value of their company"
So presumably the company can still release operational updates and news of new machines so long as they don't accompany such statements with forecasts and other comments as to the impact on the value of the company. So in short they are able (and maybe have to) to release information on factual things that impact the company but not speculate as to what these imply for the future?
Hopefully, we can focus on where we can go and consider better times. There is an awful lot going on around us.
If we are thinking of mining ETH, I wonder what the implications of the SEC successfully put DeFI on notice. https://qz.com/2060253/the-sec-successfully-put-defi-on-notice/ GL argonauts/true believers, 600
The FCA and the BoE are now picking up the pace when it comes to regulation, alongside many other countries, including the U.S. and South Korea. The FCA has been picking up the pace when it comes to regulation, alongside many other countries, including the U.S. and South Korea. I wonder, will this help us or will it hamper us? GL argonauts/true believers, 600
@SprogBarnes, this is from Investopedia, it’s just a snippet but there’s plenty of info there -
“Prior to a company’s initial public offering (IPO), the quiet period is an SEC-mandated embargo on promotional publicity. This prohibits management teams or their marketing agents from making forecasts or expressing any opinions about the value of their company. For publicly-traded stocks, the four weeks before the close of a business quarter is also known as a quiet period.
KEY TAKEAWAYS
A quiet period is a set amount of time in which a company's management and marketing teams cannot share opinions or additional information about the firm.
The purpose of the quiet period is to preserve objectivity and avoid the appearance of a company providing insider information to select investors.
With an IPO, the quiet period stretches from the time a company files registration paperwork with U.S. regulators through the 40 days after the stock starts trading.”…………
@SprogBarnes, I don't think you'll find it in any RNS or on the company website, it is buried somewhere in the Prospectus but is, I think, part of the norm with IPO's on NASDAQ. ATB
Why is there a 'quiet period' and where does the company mention this? Thanks.
Since we are a technology company, and now on the world’s leading technology market, NASDAQ, does anybody here know what we are doing about selling our blockchain services. “Over 80% of Top-100 Public Companies Now Using Blockchain Technology” see: https://beincrypto.com/80-public-companies-blockchain-technology/
It could be a nice little earner. GL argonauts/true believers, 60
As I said earlier, "Many peeps seemed to think NAS was going to be our saviour and 10% up on a disappointing $15 pricing is hardly going to burst our banks with excitement. My perspective though: PW does not control the markets, the FUD, or bitty all of which affects PI’s sentiment. Period!" I am not saying, PW, the Bod, and the brokers/advisors could not have done things differently, and better. They clearly could; I too am disappointed. It reminds me of my school reports 'Could have done better.'
I'm concerned about how 'the quiet period' is going to affect our newsflow here in the UK. I do think the raft of news is even more important now because of the apparent mishap with the launch on NASDAQ. That said, we have always been on a journey and that journey has built some very favourable fundamentals - IMO. 'Patience' would not be appropriate now but I will wait and see how the next 12 months unfold. I don't need to top up. Instead, I will invest, when I have funds available, for income and on that note, I like the look of AV. again. GLA, 600
Hi Delacy
PW said in one of his latest interviews that we have three levers.
1) sell btc
2) more shares
3) more borrowing
Put simply we’ll have to sell btc regularly as continuous expansion will require more and more working capital which will be in usd/cad/gbp. We’ll have to covert some into fiat otherwise we have to pull the other two levers.
Realistically I don’t think he can go back to the markets in the short to medium term so that would leave leveraging more debt, which puts us at risk when btc drops, ie. when the balance sheet is weak and is dependant on continual open lines of credit happy to lend in the crypto space.
@Delacy
"@The Chuz Can i ask how many Gpu's in your bank you have and what would you estimate your profits at ? Very interested to know. Cheers in advance."
Its just a home setup in the garage for now, bit toasty but not so bad now it's not so hot
I've got 4 rigs with a total of 8 gtx 1060, 4 rtx 3070s and 2 rtx 3080s
Generates about £35 per day on ETH, can be more can be less (I. E. The last 24 hours on Ethermine is @ £28)
I was paying 15.6p per kwh but that's now jumped to 20p eww.
All 4 combined run at 2kw so will cost me about £10 per day going forwards. So profit of around £18 - £25 per day. 500 - 750 a month passive income.
The best bit for.me.is when I bring them in around about this time of year, maybe another month or so and heat the house with them. They work really well and the RTXs are practically silent so I am looking forwards to getting them in this year, we're all used to the small hum of the 1060's.
Oh I've also got a gaming laptop running a rtx 3080, I aways forget about that one as its in the dinning room on a deep window cill just chugging away haha.
It started as a hobby, then it got fun and I was earning money. Now the setup is so stable it's quite boring.. I don't touch it for months not even to reboot Windows so less of a hobby now just a good earner.
Of course come Christmas ill have to reevaluate when eth goes pos.. I'll have to see if there are any junk coins I can make money on, if not it was good whilst it lasted.
I have a feeling the 1060s might have to go at that point and just run the RTXs due to effciencies.. Time will tell.
@Delacy
"Batteries are not Computer components. Batteries do degrade fairly rapidly, Computer components do not. Tested a few ex mining gpu's and they only thing they are have been at fault with is overheating slightly reducing clockspeeds marginally. Always cured by changing the thermal paste which degrades faster with constant use."
Too true, I've been running a bank of gtx 1060s at 100% utlisiation 70% power 24/7 for 4 years and they are still going just as good as day 1. I've not done anything with that at all except to blow off some dust when I think about, they have paid for themselves many times over and still have resale value.. Single fan too.
Even if they don’t degrade I would have thought they would become technologically obsolete as better more efficient machines come onto the market.
I would expect planning and buying new machines to be a continuous process.
Where will all this money come from for new machines??
It's like any business surly we sell some of what we mine and why not what are we hording them for??
The holy 100k USD a coin sure who is to say it will ever get near it who is to say 50k is all it's worth and remember if you listen to all the so called BTC experts last February it was only a matter of a couple of months till we hit 100k
https://blockbasemining.com/when-replace-mining-hardware/
As ll you need o know about machines
@Delacey, thanks another great post. ATB
@Muscles12, your post at 15:24 "we were mining 300 plus coins last year averaging 180 now"
Please do provide the proof we were mining 300 plus last year AND averaging 180 now. Maybe I have been suffering from measles? Then your post at 15:26 has some credibility.
*LimpingAlong, sorry for the typo
Thank you LimingAlong, exactly.
I think @Everup is right, he’s not suggesting a narrative at all, and is not saying other people’s opinions are not valid. What he is reminding everyone though is the fact that there are some on here who don’t have any opinion and are just here to disrupt and cause problems. They are the same names all the time.
The hypocrisy of some is risible….lol. Onwards and upwards though.