GMET are 125p today. That is a "loss" of over 20 million pounds in weeks. POW may well blow this cash "up the wall" by buying a load of rubbish chasing another winner. Why did they sell? They had the big winner and GMET is headed for 200p I reckon (I hold).
The mkt was clearly banking on the stake in GMET and does not trust POW with this cash. It is worried that it will blow the money on dross. So here we are at a pathetic 13.5p.
Fortunately I sold some POW at a higher price and bought GMET.
This is terrible. No reason to sell 1911....went up 18% yesterday alone. Its like....we can do as well with Canada. But that might take years.
POW sold its holding in GMET about 6 weeks ago. For 55p. Today GMET are 125p. A "loss" of 20 million. POW are below cash value because the mkt has no idea what POW will do with the money. Just because you had a big winner last time ....
I said at the time of the announcement that there were too many who had bought at 2p and for too long. Including me and many others who were on this board. Too much. 400 to 500 hundred per cent profit instantly. Many said they would not sell but of course many did. Some were sitting on a hundred grand profit in just over a day.
So down we go. The mkt will decide the lows in time.
RE: A QUESTION TO THE KNOW ALL HERE8 Oct 2025 12:02
I take your point Long.....but this still has a place. I might put money in this new system but I wont sell these. But then I think you can never have enough BTC products.
Why? Security, tax, theft, fraud. Worth it for a small premium. Paying 6 fold or something was bonkers on all these stocks but selling this at 90 or 85 ....I dont get it.
Yes i know. At one time i was the only regular poster on this board. 3 to 4 pence and it never moved. Then....it became the biggest volume stock on the mkt as it flew to over £3. Thousands of posts a day. Then the awards poured in and the directors were out of their depth and Texas etc. Elon Musk praised Arb on its green credentials. True. Can you imagine how much Arb would be worth at the highs BTC it is hitting today? Even so it was fantastic....200 pence placing and it was 50 times over subbed. It was fun! A top ceo would have seen this to £10 but Wall got carried away and got scammed imo.
I bought some of these at around 2p a while ago and got 5.4p this morning for half so its ok. What is going on here I dont know but I dont mind having my cash back on these. I reckon we will see bitcoin at $250,000 in 2026. Will arb survive? I dont know. Sometimes holding shares that go up day after day for weeks is just fun.
124,034.80 is current btc price. I dont understand why anyone is selling here unless very bearish on btc. You are getting a free option on btc. If you bought one on the mkts it could cost you a significant amount....far more than the cost built into this.
I am a buyer under 100p. If BTC hits 200K as many usa finance houses say it will over the next few months....what would this be worth based on current holdings? Anyone?
RE: Woo hoo, another 3 million gone!6 Oct 2025 11:26
Sold just before I took the dog out for a walk out this morning. 20 per cent up. A good rally from 8.8p as posted here on the big fall last week. Doubt I will be back here but near 50% was very fair. I was banking on the appeal. Not going to be one. Good luck to all holders.
RE: What was the reason for the drop today ????3 Oct 2025 21:32
This was posted on X/twitter this evening. I dont know if true but the person is known as a big hitter. He has claimed the company has no cash before so who knows?
"Massive news!!
Defence Holdings doing a market sounding for a placing.
A few months ago this was 30p to 50p. Now 5p. Many of the Btc stocks went bonkers. Now they all look cheap. Been buying this and Tir and SWC with profits from ALRT and EPP....
Dont understand this. Not seen a blue day since I bought...the instits seem to have taken the higher liquidity to sell as many as they possibly can. Plenty of new money raised and that is being sold at a loss. Scratching my head.
I got over 18 yesterday for some of my holding. Gun usually drifts from 11 at the lows to around 20 at the highs. A few selling today. A placing is a possibility I guess? Leaky ship.