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Wasn't there supposed to be a restructure of the loan as well with shareholder participation, or is that expected later?
And, for what it's worth, I think TF won his bet.
One day to go and still no information - the risk of delist, although always there in the back of my mind, was too high for me after the last RNS from the company.
If it delists, the company is not just going to buy your unlisted shares and you'll have nowhere to exit.
It could also delist.
Even if something is going on, would the company let it? Would they release another speeding ticket?
And that's what I find odd about this timely afternoon RNS? Was it to protect small, retail investors?
I really hate this share lol
Surely that RNS causes more confusion than not...
In the same RNS: " reduction in net debt expected for the year to 30 November 2020"
See Share News, GM meeting on Mon Sept 28
Something brewing, or just wide spread?
Yes, there will be an update on 11th Aug for ESL, today's was for the 'associate company'
Bitcoin hash rate (and zec) only goes one direction. At some point, ARB needs to buy btc mining equipment again to maintain its % hash rate of the global hash rate... a fine balance between getting a good price for the latest miner, and timing of delivery. All bought on financing I guess too. So between earning the bitcoin and paying the staff and loans, what is the equity that is being created in the company, that makes it valuable for shareholders? The treasury is thin, it's loaded with stablecoins and some random alts, which should be doing well during this current altseason, but inevitably it will need to continue to upgrade equipment unless a change of tack? How's their staking strategy which they mentioned a few weeks ago?
Wide spread, low vol
The way I see it, I am happy for the bods to be paid handsomely if they deliver shareholder returns - same for any listed company out there. They are also paid to make the right decisions and in ARB's case, this is deciding which coin(s) to mine (it's not hard to switch coins even periodically to optimise mining profitability), deciding how much to sell and hold, trading and managing the alts portfolio held in treasury, and obtaining financing for investment. Should the decision be "to do nothing", let alone just hodl, when clearly "to do nothing" is not working, then that would fall below what I expect of them