Member Info for Blubay

Pick whatever number you like, STF predicts BTC to $1m before 2027, make of it what you will

Trading suspended on the request of the regulator in London, normally would be RNS outlining suspension at request of the company (eg negotiating a reverse takeover). US suspension wasn’t flagged as regulatory concern on NASDAQ, so it looks like an FCA concern not an SEC concern. Main flag for me is the lack of company denial of yesterday’s premature bankruptcy story (did they post it, was it hoaxed?). FCA may just want clarification but with no denial you’d have to consider the likelihood of smoke without fire, unless the FCA have discovered evidence of market manipulation. I’ve no inside info.

Chai - "I was right..."

sure you are, so right that you claim to have put money on it for the first time yesterday, seriously?

...although interestingly Soros Fund Management has just got go ahead to invest in crypto

"don't you think that producing quarterly financials and then stopping is a bit of a red flag for the FCA (especially when it is requirement elsewhere where they are listed)?"

It's a requirement for NASDAQ (which was the reason ARB started doing it) so yes, it's a regulatory requirement there. If FCA had foresight of an SEC action to suspend then they might pre-empt but I'd be surprised. I think it's likely more serious than that.

Last pre-market trade on ARBK was just before 5am New York time

I'm not expecting good news

That's not how it works Pearls

Correct, I presume the rogue trade logs are just anomalous

oops, brain not in gear, it's the same price near enough although the trades are new

purdah is either good or bad, read down the message threads for speculation options.

https://www.londonstockexchange.com/stock/BCE/beacon-energy-plc/company-page

yes, a handful of trades appeared on the exchange logs today around 0.18p (i.e. double the suspension price) - total 9.3m shares, £16.3k

Date Time Price Currency Volume Trade Value Trade type Trade flag Venue Of Publication MIC
09.09.22 12:33:24 0.18 GBX 605,342 1,089.01 Off-Book N AIMX AIMX
09.09.22 12:31:07 0.18 GBX 4,494,382 8,000.00 Off-Book N AIMX AIMX
09.09.22 12:29:31 0.17 GBX 1,093,841 1,865.00 Off-Book N AIMX AIMX
09.09.22 12:29:02 0.18 GBX 135,798 239.00 Off-Book N AIMX AIMX
09.09.22 12:28:54 0.17 GBX 3,000,000 5,145.00 Off-Book N AIMX AIMX

Q3 reporting is not an FCA requirement (only H1 and H2)

any of the first 6 as options, but (5) could only relate to ARBKF, as ARBK is still trading pre-market on NASDAQ.

(1) is possible but not for the Q3 results as that's not a London requirement, and if it's required for NASDAQ then it would be a matter for SEC suspension there
(2) certainly a possibility if news has been leaked without a regulatory news release
(3) possible
(4) also possible if there is issue about a transaction
(6) seems unlikely without ARB announcing it to the market, but possible

Best to watch the NASDAQ and see what happens there...

Don’t be ridiculous Chai, there is a legal obligation to disclose first to the market

Give it a rest with the multiple doomsday speculation, you have a tiny stake for the number of posts

There is an official notice from the regulator

https://www.londonstockexchange.com/news-article/market-news/suspension-argo-blockchain-plc/15751483

regulator intervention probably due to yesterday’s apparent leak or error about bankruptcy filing, temporary suspension pending clarification. We’ll see.

thanks, that makes sense