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Looks like the rinsing is going to speed up tomorrow! This must be fast becoming a spectacular disaster for many private investors sucked into this Ponzi scheme. Still, at least the boss managed to sell out successfully at 240p. Thanks everyone.
Still, it is going to be £5 next week say many of the desperate punters on here. Yeah, right. Dreaming is something they should all do in bed, only.
Edit: Whoops mistake made. Stanley Gibbons is second worst performer year to date. Still poor though.
https://imgur.com/aRWdJbS
1) Most BTC miners all performing poorly this month. The exception is Bitfarms who are beneftting from news of Nasdaq listing.
2) Argo top performer year to date
3) Argo second highest performer over 1 year period
3) Stanley Gibbons worst perfomer year to date
4) Stanley Gibbons worst performer over 1 year period
The patient investors get the goodies, the ones that can't hold their nerve, sell on a loss.
Sentiment has been low for a few months, which when you're losing money feels like forever and ever! But in reality it's just a few months.
It is what it is and we are where we are. Let’s just remained focus on the growth of Argo and its SP.
Let's be brutally honest, PW knew that the share price was a little inflated, a little bloated late February and took advantage of that by selling his shares. He was in a difficult position but I do think on reflection it wasn't a classy thing to do and if he was going to sell perhaps not £3.7m worth.
Topped up at 145, should see a bull run end of month
Funny how a number of large IIs are looking to buy in then Pearl!
Many apologies - what I meant to say is that no one was told in advance that Mr Wall himself intended to sell out. Obviously everyone saw the RNS, but that is after the horse has bolted...
As usual ordinary shareholders are the last to get told, because the event [him selling out] has already happened].
No point accusing me of deramping all the time. I'm merely right. Shareholders have been rinsed and the bubble well and truly burst. At this rate I would not be at all surprised to see the shares under £1 again soon.
Wiser analysts have looked at the true value of this company and found it wanting. It actually has very little profit to show despite the bitcoins mined each month etc. In many ways it reminds me of SGI which has an inventory of rare stamps and coins of around £35m but the market cap is not worth £35m only £12m as of today. Here, shareholders constantly remind everyone about the store of bitcoins held by ARB but like SGI's inventory, this is ARB's inventory but it does not mean they hold them as if each is worth whatever a bitcoin is worth. You have to in this case, look at the profit margin and then subtract the costs of the mining, storage, electricity, factoring costs etc, and lo and behold it is a fraction of the inventory which is why the cashflow remains so stretched that any larger spending is met by issuance of stock. That is why the shares are getting rerated downwards so sharply, it is just a shame so few on here understand it.
they dont do raises on 1 hr notice. He knew the shares would tumble so why do majority of PI;s invested here think he is so transparent? I wish i'd followed my instinct at the time which was the whole thing stinks! Been downhill since and we will not be above £2 for god knows how long.
CEOs often sell shares when they’re overbought or need to so they can convert to cash for various purposes. I can give quite recent examples, too. Jeff Bezos, Mark Zuckerberg, Tim Cook...
When you say "no one was told", the transaction is right here on the ARB share price page.
agreed and ive said this before. He knew the downward pressure was coming from seed investors selling out so sold his load. I also think this is why the 'fantastic PI opportunity' raise on 1 hours notice 'was time sensitive' as he stated so that the raise was done as hight as possible. People need to realise he isnt as transparent as many think and he has well and truly stitched the average PI up. Yes share price has rise 1000's% but majority since are underwater including myself. I beleive in the company but this god like status of PW really irks me
Pearl, you’re constantly repeating yourself, yawn. Go and have an ice-cream and a spin on the roundabout.
You're a well practiced deramper Pearls. Almost always time your posts to when the share price is tumbling.
Peter Wall may be a great boss, but he really does seem to have well and truly rinsed shareholders. Selling out at £2.40 was obviously a great idea...…..it's just that no-one else was told.....