Probably for the best, I’m not sure I could be trusted with the kind of power my holding at £3 would bring me, I’d be hunting the poor with crossbows on my own island within weeks.
Spreadex aren’t selling because they don’t like the deal with bitdeer, they are selling because there collective bank of clients have reduced there net long position, either by some longs closing and taking profit or by some shorters opening new positions.
Either way if they’d be so kind as to lower the price another .05 I’ll gladly help them offload another 9.6m then I’m at my final final limit
Very strong rns as we now move from paper to practice, also the tiny pilot revenue more than justifies our current mcap on a revenue multiplier basis, which is ridiculous.
Certainly interesting times, I’ve filled my boots now, I won’t be buying anymore.
My rough calcs suggest we need to around £20m in capital and about 18 months to 2 years to expand to 100mw, and sp could be around 5-10p if we pull it off.
We will be in the window for full results next week and warrants mostly gone.
Plenty of cash to keep the lights on if farm out discussion needs time, no major expense required, I think even without any news the sp is going to nudge up a little.
I think the key note for bitdeer is they want 100mw+ asap, we all know what that does to the SP if it happens and I expect the funding to unlock is about to happen. Not sure why this crashed on Friday but know I need to scrap around and try and find some more cash before it rockets again.
I rather suspect a lot more has been agreed behind the scenes already than can be announced, including strategic partnerships and funding, and maybe the bod change was one of conditions for that.
I’m sure it was recorded In the morning, it’s just a phone call, they’re basically publicists, I don’t see an issue, usually these things are done and dusted on the day.
He derisked by sitting through the high risk pre confirmation stage then sold after results confirmed but before any real upside, so took massive risk then a tiny return.
He’s now piled into a very high execution risk, where he will likely sit for another 2 years.