Member Info for barnetpeter

Not much point for many investors at 1p. To think a take over at 100p was rejected. Not by the BOD but by the institution shareholders. Most long term investors would not cover costs if they sold. This company has just been unlucky I think. The company was booming, the business model looked fine, the bars were packed, plenty of cash....then came covid and a cost of living as taxation soared to 70 year levels. Wars, inflation, interest rates....no-one could have seen any of this. Most costs have soared. The response of only opening at peak times was good. In 10 years or so a new set of bars like this will boom. Now is just not the time.

Nothing was the answer. Delisted and I doubt it will ever be heard of again. Just a line in the stocks going into administration in a few months.

Another 25 per cent down. Don’t rush to buy these imo until they go much lower or the company reassures.

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?