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I've just read the article I posted, and once again, while I agree with the criticism of Bixby and Edwards, they are assuming FIH (Timis et al) will follow through with a share buyback. Some other commentators have suggested the cash being distributed among shareholders. Now, were that the case I would be advocating voting in favour of the resolutions, but the fact remains, it's highly unlikely Timis will be spending the cash on a share buyback or distributing money among the shareholders. Timis will likely be looking to spaff every last penny up the wall on some overpriced African shzite mine.

FIH have made no effort to explain what they want to do to add value because the fact remains they will likely appoint some turd who will draw as large a salary as Bixby and Edwards put together and then blow all the spare cash on the usual Timis trash.

If FIH wants votes, then they need to state their intentions going forward, otherwise the only sensible vote is AGAINST the resolutions.

They could easily disclose their intentions moving forward but instead have chosen to simply state that they intend to invest in better "stuff" once they get their hands on over 10 million of our cash.

If FIH can't disclose the terms legally, does that mean they've entered into some sort of legal agreement with Bixby and Edwards behind everyone's back? That being the case, one would hope FIH put a clause in the agreement that should further cash be depleted by the the board then all deals are off. From what I've read thus far, FIH seems quite content to give away the BTC mining business and all of it's assets for virtually nothing, even if our money is being ploughed into it hand over fist as we speak. Why is that? Why all the cloak and dagger stuff? Why can't FIH be clear about their intentions?

We all know Bixby and Edwards are next to fcking useless, but how is FIH and a twice convicted heroin dealer better?

..........The RNS released this morning by FIH is as guarded as ever I see about certain facts.

"In the meeting, Argo’s management also put forward a proposal to buyout the cryptocurrency
business. Whilst FIH cannot disclose the terms and conditions set out"

According to the letter TW claims to have seen, it was FIH who made the offer to the board.

IMO FIH don't want to disclose the terms set out because it would show they are not being completely honest with shareholders and that they fully intend to give away the mining BTC business for virtually nothing to Bixby and Edwards, even after them spending a further 3 million on the BTC mining business as I predicted they would.

As I said Timis et al doesn't care that a further 3 million has been spent on the business he intends to throw away. He just wants to get his hands on a wad of cash to pizz up the wall, be it 15 million or 10 million, he's happy.

The attack on the current order of things, whilst remaining completely guarded about their real motives and intentions by FIH should be a major red flag for investors thinking of voting in favour of the resolutions. This only strengthens my position and I would now recommend people more than ever consider voting AGAINST the resolutions put forward some the shadiest characters in the business.

Not to mention, that anywhere between £3m-£5m has probably been invested in BTC mining hardware since our known cash position on 31st March 2019.

Investors need to stand by their cash and the assets their cash is tied up in. Timis just wants a wad of cash to pizz up the wall himself, and if allowing the current BOD to strip the business of it's assets for a pittance means he can achieve that then he doesn't care. Timis is low-life and should be kept well away from this company if people place any value on their investment here.

I agree that Bixby and Edwards need to change the way they operate. Their running of the company up to now has certainly left a lot to be desired, but voting them out in favour of a heroin dealer who intends to scrap what is now becoming a profitable business seems a ludicrous move for shareholders moving forward.

If investors value their holding in ARB it's important that they take the time to cast their votes AGAINST the resolutions.

It's also important as a holder that you spread the word, keep the conversation alive and encourage other investors to cast their votes.

Every vote will count here because there are large holders intending for the resolutions. FIH and Align come to around 17% and we know which way they intend to vote. Several other big Institutional holders will likely jump on the Timis train too. So, if we are to avoid the company being hijacked by a twice convicted heroin dealer, followed by a potential asset strip by the current BOD (If they take Timis up on his offer) people need to take the time to cast their votes and spread the word.

.........IMO there is too much money invested in the BTC business to just allow it to be thrown aside by Timis' mob. At this point it's really costing us nothing and is on the verge of making a profit. I see no logical reason to throw that away now.

If people here are intending to vote I would strongly urge people to vote AGAINST the resolutions put forward by Timis and FIH.

Today's RNS says they have commited a further £1.7m to buying BTC mining equipment. It also states that all things considered things are looking good and the business is just about to become profitable. Common sense should tell everyone that although the current BOD are far from perfect, it would be ridiculous to cut down the tree just as it begins to finally bear fruit.

I would also urge investors to spread the word on here and social media about the EGM and enlighten everyone as to the facts. If you value your investment, now is the time to fight for it and not allow it to be frittered away on some useless African mining project or the like by a twice convicted heroin dealer.

As I've said before the BOD are totally ineffective here. Given the way GSPC have behaved they should have been given no ground whatsoever, but you know what the white collar mob are like once you get them in a room together talking golf and bollix. This shower folded like a cheap tent and said "fob us off a bit longer why don't ya. You all seem like a nice bunch of lads". Complete tosspots end of story.

I wouldn't be surprised if this useless lot don't give GSPC the benefit of the doubt forever more before acting in the companies best interests. Get them in a room together and these gits always come to the conclusion that they have more in common with each other than they do with the rest of us mugs who pay their obscene wages.

........but the whole IMTK thing left a bitter taste in my mouth. I warned everyone here that once the business was poached from shareholders AF would likely jump ship, which he did.

I really don't believe they know what they are going to do here, not to mention the lack of any decent amount of cash to do it with.

........to break the .4p floor by claiming it isn't really the floor to get us back to .3p. What a bunch of azzholes.

.......try to stick the boot in on this rise. No wonder the company wouldn't answer Align's questions. Align have missed out here by the looks, lol.

..........We can assume there won't be anything happening for a long time yet.

I suspect it will keep drifting down until some real news arrives. The problem is, the market knows these legal disputes can take years and given the nature of the AIM, time is the biggest enemy of profit.

..........Align have just cashed in here. They did the same over on OEX last year. Share price carnage normally ensues. Align get on my fking titts so bad.

........Just posted a link to an old Tweet from March of this year by PCGE:

"The Company is working hard to be able to provide shareholders with an update. When we are able to share an update with shareholders, we will do so promptly. The Company is very keen to update shareholders as soon as we can and continues to drive towards success of the business."

Does that ring any bells?

Virtually the same response RP and/or his lackeys have been trotting out on their WSBN Twitter account too. What a pathetic mob they really are.

If everything had gone to plan we'd have already had a RNS by now IMO.

I'm pretty sure that by law they would have been required to RNS the news everyone was expecting if they had actually achieved it. So we can only surmise that RP has failed to even achieve what few targets he set himself.

It feels to me like the company is simply delaying news of further delays and less than expected results. The longer they leave it, the less distant the delays will appear to the market and the better production will seem if it's all lumped together in one RNS, all IMO of course .

........They said "We are working to issue an update". How long does it take to put together a RNS?

They've been on the verge of issuing an update for a month now. Has the fella' typing the RNS' got arthritis in his fingers or something?

You would think selling it would be easy wouldn't you, but as of yet we still haven't had any news of the first batch. Of course that begs the question, why?

Hence my comment about increasing production from where it is currently being easy. By that, I mean their current production could be next to nothing still for all we know. If RP himself went scratching around in the mud armed with a magnifying glass for just a half hour every fortnight we would probably see production double from where it is currently.

Increasing production from where it is currently shouldn't be difficult, but production means nothing if they haven't sold any.

FFS, the time RP has had on this, I could have made more money on the local playing field with a Cash4Gold envelope, a bowl of water and a fcking trowel by now.

.......When news arrives it will probably not be what people are expecting.

Why the radio silence? Why has the first quarter deadline lapsed with no update?

I also notice the WSBN Twitter feed is spouting all sorts of nonsense in it's replies to people asking questions.

When news is long overdue and a company finally breaks radio silence only to talk about their good ethics and how happy the locals they've employed to do menial work for them are you can almost be sure bad news is on the way. Seen it all before with these crappy miners run by the usual spiv types.