Member Info for Blubay

Actual numbers will be posted in the table on the form when known though, watch this space

All the numbers are indicative, it's a prospectus for illustration. The actual numbers will be different, whatever the market price is for general sale and whatever is negotiated for the discount advance buyers.

Also, no-one publishes 'buys and sells' information. Only trade values, volumes and prices are published publicly during trading. If you're looking at the ticker on this BB then that is not an accurate indication, it's only showing reported trades below and above the mid price at the time of reporting (and marking them as if they were buys and sells). As the SETSqx trading system relies on auctions and price crossings throughout the day the time of report also doesn't necessarily coincide with the correct mid-price. I would just ignore the red-blue distinction on this page.

It's an RNS, it's on the stock exchange, it's on the company website, it's on their Twitter feed. If there was any truth in it at all then it wouldn't be there!

We also know from PW's videos that there is no problem getting machines and cheaper than originally budgeted, but we don't yet know if that's a done deal

It's entirely normal for traders to 'sell on news'

Predictable news is priced in by the market in advance so you wouldn't expect to see a big jump today, as the company committed months ago to do this before the end of Q3. The jump (if there is one) will come from actual demand for shares, from the IPO being fully subscribed and when we start trading on NASDAQ, or it will come from actual developments/results, or rapid rise in underlying BTC price, or all of these things coming together (which is likely). The FinnCap valuation of 240p is entirely feasible and could well get priced in ahead of Texas completion if there is confidence that everything all on track (for which we need to know the IPO is sold out, the debt faculty is paid off, new machines are coming, etc). Let's get the IPO done first.

we won't know until the next stage when it is announced

although I think it may make us less volatile over time as there will be more shares in more sticky hands

The general benefit is in opening the company to trade in the largest tech market in the world, giving it much increased liquidity in the market. There are also certain classes of US buyers who cannot buy/hold ARB shares at the moment because they are limited in the markets they can trade in (e.g. certain pension arrangements and certain investment funds are limited to shares on major exchanges, or NASDAQ specifically). In addition, we get to raise £100m to pay of the loan facility and build out Texas.

many people buy on rumour and sell on news

The example trading day price quoted in the SEC filing registration form is indicative, showing what price a foreign company is trading on a different exchange and converting that to an illustrative $$ equivalent. The IPO (initial offering) is made on the basis of the prospectus, which includes this illustration but it's a closed process of bidding and negotiation (these are discount buyers agreeing to a significant lock in). After this, there is a public pricing for NASDAQ and a listing date is announced. The MMs can also arbitrate the price between markets during the final pre-listing period if necessary.

Yes, the actual pricing comes later.

That’s not very likely, OTC usually aligns very closely with LSE.

the company has always committed to try and launch before end of Q3 so that seems to be still on track, before end of September

1.33 is not the official pricing for NASDAQ, it's just for the SEC filing form.

price is fine, currently under $20 so it will look like an established company (twice the normal launch price on NASDAQ) but a lot cheaper than the competitor miners

it does not say that, there will be a discount for prospectus buyers. They are not going to buy at market price and agree to a 180 lock in

@Buster - "~20% dilution to existing holders. Not good."

wrong number and wrong conclusion. It's 10% and will be a massive boost to company growth and therefore shareholders.

The example trading day price information on the SEC filing form is not the actual pricing on NASDAQ, which comes later.