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OK, then at those prices it does seem strange they are not looking at the dual listing(though perhaps they are).
Its small change that would amplify share holder value and get ARB out into large interest markets.
Ill email the company myself and try and pump some questions.
GLA
A realist supports their comments by facts, looking through your post history, it appears you have a negative slant on all your investments, maybe investing isnt for you..
Spitfire - I am trying to lobby the board to do what i think is best for the company without questioning their integrity. There may be good reasons why they have not as of yet fulfilled the requirements for listing or transferring to the NASDAQ. I am sure there are people on this board more knowledgeable than me on these issues and i await their input. Meanwhile I would be grateful if one of the few shareholders who have Peter's ear ask him why he has not got this done yet.
I understand he doesn't want to list in Canada and agree this would be a bad idea given the dodginess of HUT8 and BITF.
NASDAQ is an entirely different story however. MARA and RIOT are both storming ahead. I need this specific issue addressed ASAP by our board.
im a realist im not one of the living in cloud cukoo land holders that fills this board
YEP ! thats why i can say what i say on here.........
spitfire - do you own shares in Argo
the bods wont do it cause theyve got a fantastic life style just carrying on and doing what theyre doing now! why should they make loads of cash for their pi's when they can get away with just throwing them the odd bone once in a while???? the bods here will all end up millionaires , the pi's wont no matter what you think.....they wont let that happen dont you worry .
Aesopian - According to the listing document to list on the Nasdaq Capital Market is is $50k to list initially and $43k a year in listing fees.
Can't see what the problem is there. We go from a £20m company to a $100m company for $100k. Good business surely?
Apparently listing on NASDAQ would leave us open to be shorted. I can't see the problem really. Riot had a 21% short float when I first mentioned them on here at $2. They are now above $4 and still 19.5% of the float is short. Those shorters are sitting on major losses.
Who the hell shorts a cash (bitcoin) generative $20m company anyway?
Bill, how much are the fees to list on the NASDAQ?
So in the first 10 minutes of the PRE-market opening the two main NASDAQ crypto miners are up 7.5% and 6% respectively compared to BTC up 2.5%.
Argo has been open for half a day and has barely moved.
Now valiant Argo shareholders, tell me why a micro crypto miner would NOT want to list on the NASDAQ?
I have sent an email to NASDAQ:
Good Morning,
I am a small private investor located in the UK invested in a micro crypto miner called Argo Blockchain (LON:ARB). I am also a shareholder in Riot Blockchain listed on your exchange and after seeing their excellent performance this year am lobbying the Board at Argo to get a NASDAQ listing as soon as possible.
I have read through your listing document and several pages on your website and it doesn’t appear to be a very difficult process. I am therefore somewhat concerned that the Argo board have not yet relisted.
I know this is probably a strange request but is there anything you think I should know that will aid me in my fight to get Argo listed on your exchange?
Regards
Bitcoinmoonboy AKA Billfunk1
https://www.nasdaq.com/solutions/list-your-company
https://www.nasdaq.com/solutions/why-switch-your-stock-exchange-listing-to-nasdaq
It appears that a transfer of listing is also an option according to the NASDAQ website. From the listing document this would appear to take only 6 weeks.
I see a potential problem:
"Compensation of Executive Officers
The company is required to have a compensation committee
consisting solely of independent directors and having at least
two members. In addition, Rule 5605(d)(2)(A) includes an
additional independence test for compensation committee
members. The compensation committee must determine, or
recommend to the full board for determination, the
compensation of the chief executive officer and all other
executive officers.
Now. Some on here have commented on what appears to be the excessive salaries of some of the Argo staff (certainly for previous years). Could it be that they don't want a NASDAQ listing because they want to avoid the compensation committee? Questions on a postcard sent to Peter Wall.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
Come on then. I will bite the bullet and do my own research on a US listing. RIOT are listed on the NASDAQ so i will look at them. Straight off the bat there appears to be three tiers: Nasdaq Global Select Market; Nasdaq Select Market; Nasdaq Capital Market.
I'm going to work on the assumption that we will list on the Nasdaq Capital Market as we currently fulfill the financial and liquidity requirements to do so. We would need a share price of $4 which would necessitate us reforming our float to approx 6 million shares in total. This would cost us $50,000 entry fee and $43,000 annual fee.
So let the hive mind of Argo investors pick holes in that. I can't see what the problem is. Seems like a small price to pay for an overnight 5 bag.