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Thanks Hexam and Blubay, for those clear answers. This is the best site I use for decent information. For me this is number one share, now and for the foreseeable future. As I feel people and countries are going to have to accept Bitcoin and the di/fi age. Another of my favourites, which can be started in a very small way, is Hyperfund Global, as on Youtube. Only a friendly tip. DYOR. Good luck to everyone on this site.
Yes, ARB shares (actually ARBK ADRs) will be available to trade publicly in the US and most of the IPO seems to be free of lock-up (I think the most recent submission mentions a lock up of 90 days for about 12m shares).
Northfork - yes is the answer to the first question as they will be able to trade on OTC still (at least for now). In any event the ADS represent ordinary shares anyway (on 1 ADS for 10 ordinary shares basis).
No (mostly and probably) is the answer to your second question as only a few shares (5m or so in UK terms) are subject to a lock in (of 90 days) . I say probably as although this is what it says in the prospectus it still says a 180 day lock in applies on the ARB Nasdaq IPO page.
Re. the excellent post at 17:08 by Caddor38. Whilst I have not delved into HUT or BITF, before I invested in ARB, I realised we had a remarkable CEO and BoD. Their direction and strategy have made ARB's fundamentals irresistible to me. One other thing I would mention is our diversification, Pluto and WonderFi etc. Then all the areas like clean/green and pools where we have led the way. For me, ARB has an incredible future, we surely have the opportunity of a lifetime. As has been proven, the business acumen here with Polkadot leading to Pluto is mind-blowing. I've said it before but buying Pluto at 3p in February and then at 6p in March is an indicator to me of just how brilliant a prospect Pluto is. More recently, we were joined by some fantastic new board members whom I am sure have been doing there bit to ensure the IPO is a rip roaring success. All IMO, DYOR and GL argonauts/true believers, 600
A better comparison would be bitfarms and hut mining, more specifically HUT and BITF. Both of these stocks listed on the Nasdaq recently in June and doing quite well now. The big difference is these stocks listed in the drop erra of BTC @ 30k range. Argo is listing as bitcoin is rising. Argo’s stock value is rather low compared to the big 5 miners out there so there is an excellent possibility of a double or triple from here in stock price. What some may not grasp are translate in the stock price is the 800mw’s available capacity in the not to distant future. I see the stock price climbing and climbing and climbing as news for usage of the capacity is provided.
Come what may, if it dips it dips. If it does dip it wont be for long, the fundamentals for the future are rock solid if you are looking at ARB as a long term investment. In the short term i expect a much better sp than current level by end of year.
It’s a fair question to ask because half of NASDAQ IPOs do go down in price in the first couple of days. ARB is a bit different though as it’s not a new company floating but an established foreign company with an existing share value and brokers with knowledge of market demand in a growth sector.
There are no guarantees of course but a few things do seem to tilt things positive for me: 1. straight into the top tier Nasdaq Global Select Market - it "...has the highest initial listing standards of any exchange in the world. It is a mark of achievement and stature for qualified companies." ie we are doing this properly and mean business
2. the US are somewhat excited (or super stoked as I believe they say) - take a look at the stockwits board and you see how the US cannot wait - and we are v undervalued v the comp of Mara and Riot, ie we offer the US investors great value
3. we have been in discussions with people like Michael Saylor and Kevin O'Leary. PW has new relationships with these guys and I would suspect there has been mentoring and advice along the way. ie there are big players in NA who want us to succeed.
4. BTC looks ready to really get going in Oct - new ATH predicted by some _ see Binance articles and PlanB on twitter
5. PW knows how to deliver news. As Amanensia said a few days ago, one would suspect he has a line up of RNS ready to go these next few weeks. Or we would hope so.
FreshTuna with 2 posts and folks are giving him/her airtime. One of the Boatcrew (Boatman Capital and Associates), they don't come all out to spread FUD, they will be very subtle considering they got drowned the last time. Nonsense. Thursday will be epic in a good way!
@Amanensia, "(why pick a random unrelated IPO from last year to compare?)" To be fair, I think this may be because they had bought into that share and are learning that things do not always work the way you'd expect them to. A newbie, back then, and still learning, aren't we all? I wish I could read the market right all the time! Defo a learning curve. ATB
Personally, I don’t mind negative posts at all, as long as they are honest and not troll posts. This particular post was a bit odd (why pick a random unrelated IPO from last year to compare?) but no more than odd really.
To be honest I’d rather have a well thought out bearish post that makes a good point than random predictions that we’re going to £4, £5 or more in short order, based on nothing but hyperbole.
I really wouldn’t want us to end up like certain boards I could mention (EUA…!) where anything negative at all - or even “less positive” than the canal would like - is subject to vicious and mindless abuse.
Chuz - agree with your analysis. The only thing that really matters is that ARB manage to raise as much cash as possible in this IPO. If the share price wobbles after that then so be it but I suspect other positive news will shortly follow (e.g. new machines) that will help steady things anyway and we'll push on nicely from there.
It's a shame though that some on this board can't be more tolerant and respectful to new posters. It's hardly welcoming. But I suppose there has been so little real trolling recently that those who get off so much on bashing them are a bit starved of late so will bite at anything.
Tip for any new posters though - make your first post a positive one :]
"I wasn’t comparing companies I was referencing an unsuccessful nasdaq listing"
Don't worry, I get what you were doing, this board is a little bit punchy when new people post who arnt 100% positive.. Generally a good bunch but just a bit punchy.
Yes it looked like 4D has been on a continual drop since IPO.. I would say the 4D CEO done a fantastic job convincing IIs to part with thier money, which went straight into 4Ds bank account when it would appear the IIs over paid.
It is true that the investors who have bought and held since have been done but an IPO is to generat cash in the bank for the company not keep retail investors in profit. It looks like it sold a $8 company for $12.
So I would say the IPO was a massive success, now the company has more money that it's worth.
If you think of it anothrr way, if the share price had boomed it would mean that they underpriced the IPO and lost out on alot of money in the bank because as we know the company doesn't get any money of shares bought and sold after the IPO.
I suppose it all depends on how you look at it, do you want the company to have the extra money to build and grow or do you want investors to have it. Short term pain and all of that.
I think ours is a bit different considering it's a dual listing so there's no where near the amount of ambugity in price finding to start with.
@FreshTuna, the simple answer is I have no concerns. The BoD, and the advisers are proficient and know what they are doing, and the latter are being paid pretty darn well, IMO. Alas, there are no guarantees but I don't have any doubts. ATB