Member Info for Billfunk1

They need a US listing. It's as simple as that. Riot are up 19% today whilst Argo fell again. It's clear as the light of day that the London listing is not working for us and we should be moved to the US. It has to be done as a top priority because pretty much nothing else will provide shareholder value at this stage.

I bought a few RIOT blockchain during yesterday's dip and will no longer be putting anymore money into Argo, at least not for the time being. I have emailed RIOT and asked them if they have any intention of making a bid for Argo given their obvious undervalued quality and the fact they are being punished by the technophobic London market. Somehow, ARB needs to find a home in the US and the sooner the better.

RIOT versus ARB is a very good argument for never investing in London ever again. I will be happy paying the FX charge safe in the knowledge that whatever US stock I pick will go up 400%+ whilst the UK equivalent won't even manage 100%.

The more I look at this country the more I think it is dying on its arse. Sterling has been slowly declining for the best part of a century. The stock market is full of zombie companies, zombie investors and zombie pension schemes. And the real economy outside of the South East is positively soviet. UK PLC looks like toast.

So how many ZEC does Argo hold then? Is it such small beer that the BOD think it's not worth updating us every month?

I was very heartened to see that Argo have paid off their new machines and are now stockpiling BTC. 117 BTC is around £850k for the month at current prices which puts us on a PE of 1.25. That's in a company with no debt, few staff and with the underlying commodity being on the cusp of a huge bull run, if you happen to believe the hype, which I do. I think they need to publicise themselves more and get a dual listing. Currently ARB is a stronger company than RIOT, yet gets absolutely none of the love.

Because ultimately it is only words at this stage. Ideally they would have released this last year to maintain confidence. Instead they just let the SP crash. They are at least acknowledging that they have to put some focus on sales. There is a false dichotomy which some people on here seem to follow: sales versus building relationships. I think you can do both. And yes, my average is 28p so 12% from 5p is bugger all for me too. However, I do welcome the BOD communicating about issues that I care about so will congratulate them on doing so. I hope for more.

I was slaughtered on here last week for suggesting that the BOD should be more focused on sales but I feel this latest RNS vindicates me. Projects with big brands already. Small, but building relationships for gen 5 console releases this autumn. Good stuff! And the SP is up 12%. Maybe they should listen to my advice more often?

FYI: That dodgy mining company currently has the same MCAP as BIDS. It also makes a profit every month which is something BIDS has never done. You guys do seem to be suspiciously sensitive about discussing this. How much are you all down? My average is 28p, but thankfully I only had a few grand in. I suspect the figure is much worse for some of you. I'm sorry that we have all so far been unsuccessful in this investment but without actual profits the MCAP will likely never go anywhere. Do you really expect the market to push this up to £1 plus on stories alone?

Long time lurker. And I'm not alleging the BOD are living extravagant lifestyles or fabricating anything. All I am saying is that they need to be more focused on generating some actual sales to restore confidence. Hopefully you are right about putting relationships before money as I am deep under water on this one!

Personally, I have had enough of all the talk,the partnerships and the development. That stuff is important but not at the expense of actual sales. I would have thought that the BOD would have focused more heavily on sales after the market lost confidence last year but this is AIM and these companies appear to be run as hobbies-that-pay for the management rather than money making concerns for the shareholders. I have had enough of the, admittedly great, story, but now I want BIDS to show me some actual hard cash. The longer it goes on like this the more I am inclined to think that this is a busted flush. What else am I supposed to think of a company that seems so shy to make money?

So RIOT blockchain are up over 16% on the day, MARA (who are they? exactly!) are up over 7%. Inefficient HUT8 are also up over 7% whilst Bitfarms are over 5%. Even the utter ****house Hive is up a few percent.And where are we? Up 2% on the day. Though our efficiency is higher than all those other companies and we have no debt. RIOT mined 138 BTC in the last quarter of last year. Not the last month, the last quarter. And they are worth £60m. We have been mining 300 per month pre-halving and are worth £15m. With (almost) no debt now we are trading on a P/E close to 1 post halving and in an environment of increased institutional interest (PTJ).The only difference I can see here is that ARB are listed in London whereas all the others are not. The BOD need to pull their fingers out and get us a dual listing in Canada or preferably the US because London is a mortuary. **** London.