Lombard I would guess. Lots to go. Dont pay more than 2.5p although 2p is possible. Just a big holder wants out. MM's will need to place a stack of stock in a weak mkt so down and down.
I was the only buyer of these at 7 and a bit. Put some of my boil profit in here. Only a small punt and now on a free roll. Don’t you love it when you call it like that but more importantly punts like this are beginning to pay off again. Been a long time since this has happened or so it seems. Stocks are so bombed out now is the time to be buying this mkt I reckon. Not just small caps. Marks and S was just 90p to buy a few days ago and there are loads of good quality companies that have got plenty of cash good revenue and are at year lows. Buying boots on!!
Just 15 to buy now. Sold at 25 and 30 so I have bought ca few back at this price. Might fall to 12 I guess but will take a few more then. Good business as I am sure another rally won’t be long.
Very unlikely. Just wait and if Arb goes into administration, just pick up the assets for pennies from the administrator.
My guess is Arb will go back to 2.9p...where it started this huge bull run. Buying these now is a huge gamble. The company is losing money every month and is on its last legs. Debt and liability everywhere. Everything is for sale. It is less the BTC price here...much more the crazy deals done at hugely inflated prices. Spending money they did not have and unlike the government they cannot just roll it all back.
At o.15 or so. The company has put in a stack of money and after much higher placings. Longer term holders have been kicked hard of course but for new punters they have a chance of 50 to 100 percent. Very risky. Punters only. Don’t hang around longer term if you make some.
0.9 the year high. Over 2p a year ago. Never achieved much apart from placings galore. Pathetic amount raised. Kept the lights on for a couple of months. Be lucky to avoid admin next year. Dire state.
I got 28 pence and a bit to buy and added more. Remember the big holders include some activists who will push for a sale of the business and will be looking for 80 pence minimum. Not sure about sales but rental sure is flying.
RE: What do people still see in this?13 Oct 2022 11:07
Yes....just the rampers desperate to get these higher so they can dump. Arb is broke and is now on a fire sale. selling BTC at an unknown price. It refused to sell them at 60K now forced to sell at 20K. If the investor pulls out....and the price has halved to a low of 14.5p today....then Arb will suspend and go into administration. All the assets left are secured against the huge debts so there will be nothing left for shareholders. Arb went up 100 times in about a year and just the mugs are left these days. The company just went crazy with its money and blew a huge amount. After all the awards and company of the year awards and so on.....a huge bonfire of ash is left. Very little hope left here.
The appeal will be adjourned for a month or so. The mkt is taking no prisoners at this time so further falls are possible. What is so annoying…the government sets a strategy and local councils ignore it completely just to look good to the protesters. Seen the ambulance and fire engine stopped today by the no oil lot? The police did…..not a lot. It was left to taxi drivers and van drivers…
Below 30 pence but nothing doing at this time. Looks great price to me. News today that the renters bill has been abandoned by the government. Labour would bring in back in 2 years but that’s the future.