Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Almost worthless
The way of many explorers. Luckily I sold a load over 1 to 1.40p but I had a good freeroll and I dont think we will see anything like those prices for a good while.
Mkt cap of 10 million? Based on what? Just the start of the fall. 15p to 25p is on the way. Who wants to buy a no flow i Angola in these punishing small cap mkts. Lets hope for a bounce to 60p please!
Will delist from aim and we will never hear from the company again
People are going to Wetherspoon these days. Cheap and packed. Shareholders turned down a bid of 100p. A few years now. Trying to get 10 million at a penny. Will wipe out current shareholders of course. Easter will be busy but all that work for nothing much.
52 Week High 3.85
52 Week High Date 24-Apr-2023
52 Week Low 0.70
52 Week Low Date 25-Mar-2024
I reluctantly sold out at 2.20p. Here we are at 0.6 bid a couple of months later. Not buying much at the moment in the small caps. Just a quick way to lose money in spades. Dire.
My view is that Arb will fall to 6p and there is a 50% chance of administration this year. All the company has is a load of debt, some old machines and a few bitcoin that it should have sold above 70K. A placing to raise another 10/15 million when the BTC price set new highs ....maybe they tried?
Almost worthless now. Raise after raise and now a huge write down. So many companies going into admin now. The money has run out and so many have been left with nothing much.
This went from below 0.19 to crazy levels. Up 15 fold. Mad not to sell. A crazy ramp and the recent statements from the company do not justify anything like the current mkt cap. We will see below 1 p soon as it heads down the mountain. People get so greedy. Some on here were 12 to 15 times up. But they wanted more. So now they are 6 times up. But they won’t sell because it might go up again. But the herd is moving on…I sold my last lot at 2.2p. Long painful experience told me it was time.
Selling at lower and lower prices. Going bankrupt soon enough. What products does it sell? Was well above 1p at one stage. Look at the volume. 105 trades. No point selling for most here…just a tax loss in time. When the money to pay the directors has gone and they cannot raise a bean more….
Btc is nearly 72.5k and Arb is closing well down and has lost well over 50 per cent since January this year. When Bitcoin started to soar. It’s a bit like gold hitting 5000 an ounce and all the gold producers crashing just as they announce huge profits and big dividends. Hard to make it up. If bitcoin hits 100 k will arb hit 5p perhaps. Two years ago the price would be 550p today. There you go. Shows what a dire position arb are in
Nearly 72K now and people desperately SELL!
Sigh....
The fact is that Arb has fallen nearly 50% just as BTC has soared to just below record levels. The sale of assets continues and the company struggles to make money after paying interest payments.
Holding some at nil cost. Which I am pleased about because Arb is never going to go much higher until it can sort out this debt.
I agree...no point in selling although I can see a placing of stock at about 12p. How much? As much as they can raise before the halving.
They may as well sell all their BTC at this price. When I say all just 14. Two years ago it was over 1500. I just think "what have you done" when I see BTC soaring.....
Not wrong was I? BTC nearly at 68,000 with all time high getting close....and Arb does nothing.
Hopeless. 7 trades plus a larger spread.
No wonder people dont want to invest in the UK mkt at this time.
Growth....plus the debt. Two years ago Arb would today be 350p with btc at 65K and the company holding over 1500 btc. This is now a shell company with debt.
What odds Arb will finish lower?
In 2017 I sold a load of angs for 37.35. What a time that was! I put thousands in at 10p to 11p. Horse Hill mania.
This board was discussing what sports car to buy. THAT was a pleasant board.
Whilst the Company's cashflow model shows positive cash balances to the end of March, the Company's Directors are becoming increasingly aware that certain contracted cash receipts may be withheld, therefore bringing forward the date, absent any further funding, on which the Company can no longer solvently trade.
Could be suspended at any time. Those who took a punt yesterday or today early have made some decent money mind. Could easily double from here bearing in mind it was 73p not too long ago. Just got to get out at the right time. The instits appear to be out now. All of them. Hell of a business though for this mkt cap IF it can be saved. I reckon there will be a queue for the administrator to buy bit off but no one will buy now imo
Wise. This stock is up about 12 times on the low this year. It was a great punt at about 0.2 but at 2.5? No. Any delay or just average news and the price will fall sharply. Many stocks soar in this business soar and then fall in a heap. Very few make it to the big time. Of course there is the odd one and the rampers will also say this is it. Best to take some solid profit out. Those who were around in dot com times or Polly Pec k or the rest will know how easy it is to lose big time from a big winning position. The rampers have their own agenda and it is not about your money!