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gspanner, I can only get £1.23733p, but I’m surprised that AJ Bell will take that amount in one hit.
Can’t blame MMs for accumulating as many shares as possible.
FWIW Can sell 100k shares for 1.24…So the usual smoke and mirrors at the mo.
CoolMax
“ There's a difference between US investors and UK investors who are gutless cowards waiting for direction from the US.
To be fair, the UK PI has been dragged around by market maker, filling orders from institutions. Mike Wainwright documents these buys at regular intervals. Lots of traders here as well, but obviously, a lot of them are losing. Investors in ARB will have rich rewards, but not in the hours and days that some are demanding.
“Appalling performance and IPO disaster”
From where I stand, I agree that the IPO was a shambles, but I’ll never know, for sure, what went wrong, or why. We are where we are, but I’m excited by the future.
MacF1
It's annoying but MM are under no obligation to match the close of the nasdaq or even the previous lse close for a single listing.
They set the price to generate trades and make market, most of the time it's based around previous close but doesn't have to be..
Ipo disaster? Coolmax. Do you know what prices were the ceiling in order for arb to raise the money needed. No you dont. Its a bit early for ignorant posts from the uneducated. Come back after you finished your coco pops
@CoolMax
"There's a difference between US investors and UK investors who are gutless cowards waiting for direction from the US. Appalling performance and IPO disaster"
Hahaha maybe a bit harsh, the LSE has had plenty of rises where the US has sold us down, in fact it has been more often than not, so the UK investors have been leading it.
IPO disaster depends on what side of the fence you sit. For the company I think it was priced pretty much perfectly as that's the value the market has supported.
For us long or medium holders it's been a complete dissapointment for sure.
Other miners are just perceived to be better value than us at the moment.. Smart growth strategy doesn't cut it in the hashrate arms race.
I am hoping for some agressive hash increase news at the end of the quite period 2nd Nov)
Should hopefully see some increasing volume in the US after the quiet period ends on 2nd Nov.
Fundamentals and general BTC background are solid. The next week is an opportunity to buy at a discount.
Really do not understand how these share prices correlate, it makes no sense.
16.30pm LSE closes at 127
9pm Nasdaq closes up 6% from the LSE closing price and goes a further 1% higher in the after market.
8am today, you'd imagine that LSE would gap up 7% to where Nasdaq left off.....but now, we drop 4% making a huge 10% drop from the Nasdaq close.
I just don't get how this all works, and I'm pretty experienced with this stuff. How on earth are the Robinhood brigade supposed to gain trust and understanding of this stock....???
Also......the sooner the ARBKF OTC listing buggers off the better. I never understood why the ARBKF shares weren't converted into ARBK shares at the IPO. Would have been better than leaving this triple listing mess.
Getting frustrated now.
There's a difference between US investors and UK investors who are gutless cowards waiting for direction from the US. Appalling performance and IPO disaster
Opening price is 120/127
Maybe a little unfair considering the nasdaq close... But... It was a low volume increase on nasdaq so doesn't carry momentum.
Should hopefully pick up and to be honest MM do not have to set the price at previous close they can pick any price that creates trades (within reason of course)
Let’s hope bitty behaves and we can keep pushing on!!
In fact, highest close ever on NASDAQ, and by some margin. GLA
Looking good.