Member Info for Armada

I used to have DEC shares in my ISA and 15% of dividend was withheld every time. I sold my shares from ISA and bought in my SIPP. I received US $ 525 on my 600 shares, which is without taking a deduction of 15% tax. A very good outcome my opinion.

Yesterday someone posted a report about Core Scientific. Is this company listed? I couldn't find it anywhere. Which country is it listed in?

Since 5th of October Mara has gone up from $34.03 to $43 and at the same time ARB has gone down from
121p to 111p. Question is WHY?

As the company issued 8.5M ADS in September, may be the floatation expenses have reduced gross profit in that month.

we are getting live trades on the screen. ( not 15 min delayed)

ADR and ADS don't carry any voting rights. I don't know how they will have an impact on issued capital.

Dealt in Bitcoin through MODE.Com today. They charged 1% commission and 1% spread. That seams to be quite expensive. Is there any other cheaper company for dealing crypto.

Thanks for your suggestions Newboy58. I was able to install through iTunes by connecting to my mac.

I deleted the old Mode app and when I went to down load app, the message was "you need IOS 14.1 ( I already have IOS 14.6) for new version". Therefore I was only able to load the old version.

As Binance has been stoped operating in UK, which other company is good for dealing Crypto currencies. I use Mode for Bitcoin but they charge 1% commission.

I have an iPhone SE6 and have down loaded iOS 14.6 but I am still unable to down load Mode's new app. When I open my old app the message says new version is available please update. When I press update, it takes me back to the old version. At the moment I am unable to buy or sell any amount. Is anyone else having same issue and how can I resolve it.

Facts based on 2020 annual report.
31/3/20: Cash plus BTC value -- £ 6.7M
31/3/21: 764 BTC valued At 32.6 M
Raised £ 49M by placing @ £2.00, Invested £8.3 in PLUTO and Purchased land foe £13m in Texas.
Hashing power increased from 210 P/H on 31.3.20 to 1075 P/H at present.
Total debt on 31/12/20 at £ 7.4M.
Total Liabilities on 31/12/20 at £ 8.3M.

I can't see anything about loan from Nat West Bank or Covnants breach.
I suggest MR PEARLS in to spend some time to look at their financial account and dig out some
facts and figures.

Binance CEO was on CNBC today and he said yesterday their company handled 3.5Billion Dollars worth of business. Imagine how much fees they earned just in a day. Although Binance is a very big company compared to MODE, but I am sure Mode also had a very high volume of transactions yesterday and today.

The company charges 1% commission on the volume of transactions whether buying or selling of BTC. If the company is saying the volume has gone up by 200%, doesn't that mean the income has also gone up by same the amount. Any views?

I don't know how the company is being managed financially. They never raised any funds at IPO. AZ valued the company at £ 224 million by having 32B shares @ 0.69p. No body know how many staff are employed and how all the salaries and consultants fees are paid. Anyone with some information will be most welcome.

Thanks for your suggestion guys. You are all very helpful. Hope the stock price is also helpful and goes up

I opened Mode account today. I am having issues with first deposit from my bank account to my Mode account. During the transfer of funds when I go to check OTP in messages I am unable to come back to Mode screen. Does anyone know the answer to this situation.

They have a secured loan of US $ 5million from West Face @ 12% pa.

Perfect way to keep the share price down till 12/2/2021 and let the warrants voted for.

It's a company of three employees i.e Gobind, Daniel and Jason. Between them and their Auditor they spent about £400,000 and £ 200,000 on other expenses. It's a start up company for now and hopping to become a big AUM one day.