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I might also add that Argo arrived on OTC as a ripsnorting raging beast of a share involved in the zeitgeist financial product of its time after its initial re-rate had occurred- people kind of notice that. DDDD - nowhere near that and hence lowkey start.
GLA
NtD
Hi
In terms of valuations, one BTC miner is more easily similar to another in a way drug companies simply arent. 4D is cheap as compared to other NASDAQ biotech - Seres being the most often quoted. However these are really complex businesses to value - comparative R&D, personnel, Patents - how far down regs and clinical studies their drugs are, how long cash will last and do they need to raise? etc - v hard to compare.
Here in miners - fairly easy to do some compares - qty mining capacity, hodl size, relative mining efficiency and profitability all clearer for the core business.
I became an Argonaut in November and I am still happy to be here - I feel that the moves we have made since then make Argo more attractive to me as a S/h than others miners - I would like price to rise but pretty sure it will follow in its own time.
GLA
NtD
https://twitter.com/BTC_Archive/status/1374029144531550219?s=20
$114m #Bitcoin was just moved to Xapo - a cold storage vault under the Swiss mountains.
That’s another 2000 #BTC off the market
But it's not a similar story is it? 4D was an RTO and has listed straight onto the NASDAQ. ARB has been uplisted through the OTC and has grown a US investor base as a result. ARB now also meets the NASDAQ requirements in it's own right.
I agree it is like comparing apples and oranges as the industries are different but the story is similar. Under valued company, people saying it will multi bag and US investors will love it etc. Seen it on a lot of boards.
I've not been browsing these boards for long as I'm a new investor and what bugs me is how difficult it is to separate the facts from the blatant ramping/deramping. Not just on this board but all shares. Of course we should all do our own research but it's easy to read too much into the comments people make and expect more than we should.
Sorry, yeah. I wasn't suggesting that we were huge in the States just that I wouldn't necessarily pay too much attention to the SP of 4D on the NASDAQ.
Fireblade23 our profits are approx $12m pcm atm based on mining 7 BTC per day @$57000 BTC and Zcash ,so even more profitable
Not disagreeing with what you’re saying, but have you seen the following on the same site for MARA and RIOT? circa 80k
Massive difference between listing a huge lost making pharmaceutical company on the Nasdaq, compared to BTC miner that's making $6+m a month with massive up side potential
There is no point comparing the nasdaq effect of a BTC miner with a company in another field. For example, a pharmaceutical company may uplift to the NASDAQ and be listed alongside 20 of its peers. But it's market cap won't necessarily increase to match it's rivals on the NASDAQ as its value is determined on its own individual pipeline of drugs and patents which may be far superior or weaker than its rivals. The opposite however is true with BTC miners. If Argo hold 3000 BTC and RIOT hold 3000 BTC each coin is worth exactly the same. The difference between the miners is of course, the cost of electricity, the mining power, the balance sheet and the growth plans. But ultimately they mine and produce an identical product. Unlike other sectors. Hence when we uplist, our share value will have to be re-rated in broad comparison with MARA and RIOT.
I think this is completely different as their launch was via a SPAC and lets face it SPAC's have taken quite a hammering since Nicola and other largely hyped EV related stock. It seems to be total confusion over on their board as there's also a conversion factor to take into account: something like 8 US shares equals 1 UK share. Definitely dropped though but may have been hyped heavily on Friday. Of course it may well improve as more brokers list it?
I know very little about 4D but i'd imagine ARB already have a relatively strong footprint in the US compared to 4D. A quick look on Stocktwits shows that they have 170 followers compared to 18,000.
If potential investors haven't heard of the company or don't understand what they do then being on NASDAQ isn't going to instantly raise the price. We're lucky already in that we have a lot of people following ARB not to mention what we do is relatively straightforward to understand..... we print money :D
The nasdaq effect should be considered a medium term thing. You can't expect everyone in the US to buy before 10AM on day 1. If you don't intend to sell before 10am on day 1... it's also irrelevant.
@Tymers When NASDAQ opened the share price was 1.45. Dropped to 1.38 within 10 minutes. I'm not worried as I plan to hold, but the drop took me by surprise. Still up for the day in general however.
It’s up on the day but down since US opening. Who knows how much publicity they put into the launch? Very astute of Peter Wall to line up an experienced US PR company ahead of any ARB listing on NASDAQ.
INTERESTING!!!
Hardly its up!
The share price for 4D took a sharp drop when NASDAQ opened. Starting to think people are over stating the NASDAQ effect on this board.
SeethreeIPO
Thanks for the explanation,that explains it
Thank you
Yes...
4d Pharma PLC Is this the company your talking about
Gladiator it's an RTO/Merger
Snap Xenor, really great to experience on 4D today what I hope to see happen with ARB, albeit I expect even greater gains from ARB!
Great time to be investing
GLA
I bought in as well at 1.29, thank you for the tip. Looking forward to seeing what happens this afternoon, but a great morning so far for 4D