Member Info for barnetpeter

52 Week High 16.40
52 Week High Date 01-Aug-2022
52 Week Low 0.525
52 Week Low Date 19-Apr-2023

I think I sold last time at around 10p....a punt of course but i can see 0.8 to 1p soon enough.

Yes about 4/5p. So many stocks are announcing poor news and get smashed (WBI today on news a bank will no longer lend). Reason? I think ARB are in dire financial state.

Which is terrible. Arb were in a fantastic position before they got carried away and spanked huge amounts on Texas etc. Tons of cash, loads of BTC and no debt to this dire position. A chief exec who thought he was the next Apple etc. From being voted the top of the year and showered with awards to this mess....except of course that he is no longer around.

52 Week High 9.30
52 Week High Date 05-May-2022
52 Week Low 0.225
52 Week Low Date 19-Apr-2023

Ouch!! This is terrible. I think this might happen to many small caps. The banks are nervy about a recession and want out. WBI has just raised £3 million in new equity so they are going to find it tough to raise more at any sort of price.

The sellers here may have known this and have been dumping WBI for yonks. Just bought more at 0.95 last week. Sigh.

Who knows what the bid price will be? 120p would be an amazing price. Buy more if you think they are bonkers

Yes the results were dire today. A vast hit to the balance sheet. Would you buy these at 90p if there was no bid? Of course not. Crazy valuation and the shorts would take you on every day.

I hope most PI holders cashed in yesterday over 90p at least to take their cash back. A great price. I did. The selling and shorts did good business today. I think we will see below 70p but there will be some punters hoping for a big rally. Watch out if apollo withdraw....which they can do at any time. Who knows what the price of a bid would be. A real gamble

Not worth more than 40 to 50 pence if that on these results. If Apollo decide not to proceed then timber. Back below 80 pence and very much a gamble. I reckon 90 pence buyout would be an excellent price myself.

Two placings now in two months. Every time the stock starts to move up. The mkt is going to get bored with this soon.

But at what price? Only up a smallish amount now. I am in much lower at just below 50. To sell hold or buy more

Placing on the way before decision? They will need cash and would be mad not to get new money in after this huge rally

Look at the heavy selling of TEK today though. Placing stock being dumped I guess. Hopefully volume will allow a lot of this to be cleared esp if Lucy closes at approx $5. Those who bought in the placing wanted to flip but will take break even at just above 16. That will take time so dont expect miracles. They are not interested in the company.

The old Arb...yes. But then it would be 50p to 70p now.

No-one seems to answer the obvious questions:

How much does Arb make at 30,000 per coin?

How many machines do they currently own?

Current cash?

Current debt and future liability?

Plans to raise new funding?

The company used to be debt free, had 1000 plus bitcoin and piles of cash.

We need answers but the silence is deafening.

Why? Is it because company is in dire trouble. I really dont know and I have been following Arb for many years

Not really....the sellers are now out in force.

Bought some just now at below 16p. Easy to buy.

Arb used to have a significant amount of capital, a stack of coins and not a penny of debt.....oh woe

I know. Why? Because the mkt does not know how much business Arb has left or how much debt it has. How much Arb is making per coin. It used to be very clear .....now others are creaming off x amount. We used to know that at 30K Arb would be making a substantial profit? Now? Are they even solvent? How many machines are left after all the sales? What is the liability in Texas if any? The market is looking at Arb and wondering if bankruptcy is still an option.

I have followed Arb for many years and I dont really understand where Arb currently is either. 13p bid. Is that all?

"Within a year or two, we will be banning lab-grown meat – and, just like Italy, dooming ourselves to a generation or more of relentless economic decline"

Not sure about this..in the Telegraph. But the UK seems to be banning lots of new tech so it is good that BSFA are looking to list in the US. They should be looking to float the lab meat side off and move that bit to the US. Not a single significant tech business has floated in the UK for about 18 months....anywhere but the UK.

Just OK although NAV well above mkt cap. Not a single trade all day. Crazy spread.

06-Apr-23 16:19:30 1.20 4,831,528 Buy* 1.15 1.20 57.98k

A confident punt or what!

Wow indeed. Well done to those that held on to these from the 0.3 levels....not long ago. The herd is here and they are piling in. Shame there is a break until Tuesday now....1.5 to 1.75 is possible next week with the volume this week. Anything is possible once the momentum is flying high.

I am a trader. I don’t make up trades, I don’t post under other names, I don’t post on every board. Gst is a penny punt. I punted in it. I don’t lie and if I lose on a stock I admit to it. Block me if you wish. I don’t give a ****e.

20/03/2023 22/03/2023 GSTechnologies Ltd Ord NPV (DI)
@ .3752

A penny punting stock. I remember looking at this MB at the time and everyone on here was moaning about the stock. Usually a good time to buy a few.