London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
@Alcoops, you make a very good point, thank you. I guess where there is money there is corruption and I do wonder just how the whales etc. manage to manipulate the markets. What are the stats there, 5% (or is it 2%) own 90% of bitcoin? I detest corruption, with a vengeance. Pure greed - inhuman. ATB
600 thieves Interesting point about the Ppi claims but 1 statistic which we never saw and never will, is the £millions that were claimed by people, I am aware of people who actively bought the product, made successful claims, then got compensation for miss selling. Ppi started as a block policy added onto mortgages in a 5 year premium bundle increasing balances by up to £15k. It was criminal. The banks just got pulled into it by definition. Some people made a mint from Ppi, and they actively bought it to begin with. The whole thing start to finish was corrupt.
Thanks 600 I always like to read your posts. Thank you so much for sharing excellent researchers. I was introduced to invest last year and was thinking to give it up. Your advice kept me going. Best wishes. GLA
I rather think this is one very good reason for bitty to succeed. So, while our launch onto NAS may not have started as well as many had hoped, perhaps we should keep the faith and wait. I for one really want an RNS next week that gives us the operational update but also news on new rigs. Surely, some have now been installed. As was debated here yesterday, this news is our ‘NORMAL’ news. An interesting 10 days ahead with bitty currently over $44k. GL argonauts/true believers, 600
Would nt give it too much thought. I think it was loadaes who said the other recently uplisted mines shes invested in were releasing rms shortly after. And If we are not allowed monthly update figures. You'll be able to get a rough idea off a rig install update.
@Hexam, I hear what you are saying and the fact that it is being discussed at great length is a nod to the vagueness within the guidelines. As I say it’s 50/50 for me, if we hear something great, if not then so be it, we’ll have to wait until November.
Chuz - I think we're in danger of tying ourselves in knots over this but I believe what you are quoting relates to information that is being disclosed to some investors and not to others (e.g. I suppose when bookbuilding and for those partaking in the IPO). This appears to be confirmed by the word 'normal' in the passage you reproduced and by this part that preceded it.
"In United States securities law, a quiet period is a period of time in which companies refrain from communicating with investors to avoid unfairly disclosing material, non-public information to certain investors when the company has not yet publicly communicated this information."
So I would tentatively conclude that we will see normal communications continue - after all if there was no monthly update there would probably more impact on sp from its absence than there would be from whatever may have been in it!
@the_chuz, yeah it could be that to play it absolutely safe we don’t get any updates next month at all. As you say though when the gag is removed, there may be a belter of an rns (by modern day standards!)
During a Quiet Period, a publicly listed company cannot make any announcements about anything that could cause a normal investor to change their position on the company's stock. Normally, that means the company does not discuss any of the following:
New deals or wins signed in that current quarter. Announcements about previously sold implementations going live are allowed but must be explicitly described as such. Management changes Progress against company goals Major product or service announcements Major partnership announcements https://en.m.wikipedia.org/wiki/Quiet_period#:~:text=Guidelines,signed%20in%20that%20current%20quarter.
Regarding the quiet period, wolfofwarks got it spot on; the company can release pertinent operational updates, but not promotional ones. Can you imagine the legalities of a ****show where the company chooses to sit on explosive information, like going into administration etc, in order to comply with the 40 day quiet period. The purpose of such a period, as mentioned higher up, is not to skew objectivity. But if the company sits on critical operational updates that is also skewing objectivity in the opposite sense. So monthly updates and the installation of new machines would comply with the specifications.
I guess that we need to wait and see if we get an RNS during the first week of October. The key seems to me whether it is regarded as 'promotional publicity' or not. Hmmm, I don't know how PW/his advisors will see this. I absolutely believe we need this continued news and it cannot be deemed promotional. PW has given us monthly operational updates for some time now.
@LimpingAlong Correct, "The quiet period begins when the registration statement is made effective and lasts for 40 days after the stock begins trading and is for analysts employed by the offering’s managing underwriters and 25 days for analysts employed by other underwriters participating in the IPO" see https://www.investopedia.com/terms/q/quietperiod.asp ATB
"I’m 50/50 as to whether we hear anything during this period. There is a line in the explanation of a quiet period that reads - “Management teams must not offer any new information that is not already contained in the registration statement.” The registration statement referring to the SEC filing. I would not be surprised if we don’t hear anything for a while, but I’m fine with that, it is what it is…"
I would take that to be OK for operational updates and any update on things that have already been disclosed like the purchase of machines...
Who know though, if its complete raidio silence for a month then atleast it should be a heck of a RNS when it does come out.
paw has shown himself to be a strategic thinker in the past with the timing of the RNS's. As CEO he obviously knows we hat is happening with BTC mined, margin etc. He will be well aware the first operational update post Nasdaq launch will be highly significant in transforming the company. I think I think it's strong speculation that he has timed the launch to coincide with with the next RNS being great and with updates coming in Oct. Should take us to a new level
I’m 50/50 as to whether we hear anything during this period. There is a line in the explanation of a quiet period that reads - “Management teams must not offer any new information that is not already contained in the registration statement.” The registration statement referring to the SEC filing. I would not be surprised if we don’t hear anything for a while, but I’m fine with that, it is what it is…
I see bitty has dropped another $1k in the last 30 mins. Maybe the whales want to buy. I just hope she stays north of $40k as this is my prefered profitable profit line. Fingers crossed especially bearing in mind our September update. GL argonauts/true believers, 600
@mwhite22, great find and reassuring. I particularly liked "So does the “quiet period” mean companies must refrain from speaking at all during this time period — which can last anywhere from 3-4 months to almost a year depending on circumstances? No, of course not, companies couldn’t effectively operate if that were that case. So what can they do and where are the boundaries?" Thanks for sharing. ATB