Member Info for BodRuncie

If it weren't for that pesky "insignificant", this would be £3+.

Unfortunately, the statistical significance is what is most crucial. It's a measure of the signal-to-noise of the results.

Example:
Three tests are done, and the scores are 5, 6 and 7. This gives a total of 18 and an average of 6. The results are fairly similar, so if the test were to be repeated again, it would be reasonable to predict a score around 6.

If three tests are done, and the scores are 3, 5 and 9. This gives a total of 18, and an average of 6. But the results are not similar to each other, so if this test were repeated again, it would be difficult to predict with any accuracy what the result might be.

The p-value is a measure of the similarity of the results.

Looking at the flipside, there isn't much downside to investing in ARB at the moment*. With BTC predicted to rise, with cryptos only gaining in acceptance worldwide, that all points to a rising ARB share price. Other miners being bought out, a Paypal agreement... and this will rocket. (Moderately rocket, because it's ARB).

It's frustrating to be stuck around the 5.5p mark, but it was more frustrating to be stuck at 3.5p a couple of months ago :)

*although, of course, the unpredictable always seems to happen...

I'm in profit now. That feels strange! I could get used to this.

Not wishing to sound rude, but if you've been watching for several months you should be aware of the potential deals in play.

Have you read the RNSs?

I could get used to this :)

And once the full year results come out and investors see we make money from other cryptos too, like zcash, hopefully we will continue to rise inline with BTC, but also have some measure of insulation from the big drops. Wouldn't that be a crazy thought!?

If it's disputed? Fair enough. But it would only be temporary.

I wasn't calling the enitre 11-year bull market a bubble. I was referring to Trump's taxation and market policies in the past couple of years, which were designed to boost the stock market in the short term, instead of the economy as a whole.

I see no risk of a market crash purely because of the outcome of the US election (whoever wins).

Have to disagree on the outcome of the US election. A Biden/Harris presidency would be much better for the US economy and the global economy than the short-term stock market bubble Trump has created. Trump only looks backwards (oil, coal etc...). More progressive policies in the White House would see a greater focus on the future (i.e. sectors like digital currencies and green initiatives).

VDTK should certainly have updated the market previously on these scenarios. I don't like that it took TW (utter scum, imo) to get the company to offer market updates.

However, there is plenty of good news in there, so why didn't the company want to publicise these new advances?

A silly flash crash from whoever sold. I guess MMs trying to take out stops to rake in some cheap shares. This is only going one way, and that is back up to ATHs.

I'd rather they kept it quiet in the monthly updates. Industry secrets and all that... don't let the competitors in on what ARB know :)

Way to go, Tyrion!

It's never easy to see a paper loss on screen, but buying low and holding is the only way to make money in the markets. You have to go against the herd, and that can be difficult for the human mindset. As long as the fundamentals are strong (and ARB is making money each month, so it's a bit of a no-brainer that sub 4p is way too low a valuation), then hold tight and keep the faith.

No worries guys, we'll have to agree to disagree :)

I'm not sure what the "nice try" refers to.

See recent history:
15th June 2020 - EQTEC plc appoint joint broker.
9th July 2020 - EQTEC plc proposed placing (33% dilution).

In my experience, the appointment of a Joint Broker heralds the prospect of a fund-raising share placement in the not-too-distant future.

I'm back in the blue now too. It feels good, and not just for the monetary reasons, but also because it validates the research put into the company and being baffled how undervalued it was.

For all the comments on here and advfn about the board not having any skin in the game, Peter Wall's recent purchase looks like a great bit of business now, doesn't it? I'll bet the other board members had wished they'd bought in :)

See Billfunk1's last post :)

I guess I'm in the wrong stock!

Just a word of caution. There are quite a few outlandish figures being quoted for future worth of bitcoin (100k, 1m).

Bitcoin will never reach these levels, because there is a lot more competition out there now. As digital currencies become normalised and accepted, and as payment systems start to accept digital currencies, we will see a range of currencies that will be accepted, not just bitcoin.

BTC seems like a chartist's dream, but it's not. Only in hindsight can charting rules be applied to it, and will not apply going forward, because charting only looks at a company sui generis, and takes no account of outside forces like competition.

ARB is worth more than 4p per share based on a BTC value of 10k, but I wouldn't start thinking about ARB 100x bagging from here. 15-20p is much more likely.

For those still waiting for their placing shares, try this:

I had been waiting for the placing shares to show in my x-o account, and I thought they hadn't arrived yet. I was only looking at the share purchase history of my account, and they weren't showing.

When I searched through all EQT.L transactions, the placing shares could be seen. They were categorised as a "transfer in", rather than a purchase.

It's good to see that Peter is looking hard at other angles for raising money using our cheap electricity and mining capacity.

If the board were only concerned with raking in their monthly pay, they probably wouldn't bother with other cryptos and just peddle the same lines about tracking bitcoin, waiting for a (Godot-like) rise above 10k.

But the fact that they are buying secondhand miners to get a few extra percent on Zcash, to stay ahead of the game in a competitive field, gives me a measure of faith in the board's actions.

I got £1,800 worth of shares out of the £3,000 I requested.

I'll buy the rest on the market tomorrow if we open in the 40s.