Member Info for Brasso3

67p a share!

In 2012 there were under 250m shares in issue though and gas prices were higher.

250 million to 2 billion in 8 years is not bad???

Looking back now, the Angostura acquisition from CGC has turned into a disaster. The deal was struck around 4.5p and the staggered subscription was intended to work in PPCs favor as the share price increased. It has instead worked in CGCs favor as they have been accumulating shares down to 1.31p.

President Energy (AIM: PPC), the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, announces that, further to the announcement dated 21 October 2019, the acquisition of the Angostura exploration contract in Rio Negro Province, Argentina (the "Acquisition") from Compania General De Combustibles S.A. ("CGC") has successfully completed alongside the agreement for subscription for US$1.825 million of new ordinary shares ("Ordinary Shares") in the capital of the Company (the "Subscription") by CGC becoming unconditional.

20th Nov 19 - 8,722,213 at 4.45p ($500k)
28th Jan 20 - 5,644,599 at 4.05p ($300k)
27th Apr 20 - 7,073,856 at 1.315p ($200k)
28th Jul 20 - 7,073,856 at 1.825p ($165k)
26th Oct 20 - 8,587,779 at 1.475p ($165k)

Its not just $350k worth of shares! Its constant dilution over more than 10 years with a new excuse each time. We are still being diluted on a quarterly basis from the Angostura deal!

Exponential growth since the creation of President Energy:-

Oct 2012 - 249,949,887
Feb 2014 - 395,581,763
Nov 2015 - 525,320,628
Dec 2016 - 953,597,617
Oct 2017 - 1,020,254,127
Oct 2018 - 1,072,840,262
Mar 2019 - 1,126,560,677
Nov 2019 - 1,135,282,890
Jan 2020 - 1,216,925,264
Apr 2020 - 1,266,272,332
Jun 2020 - 2,007,914,603

Disgraceful! 35m options at 1p!

Nine Bitcoin Charts Already at All-Time Highs

https://medium.com/@nic__carter/nine-bitcoin-charts-already-at-all-time-highs-78abbfe82804

Bitcoin’s Moon Target Set at $318,000 in December 2021 by Citibank Report

https://bitcoinexchangeguide.com/bitcoins-moon-target-set-at-318000-in-december-2021-by-citibank-report/

Rich Dad Poor Dad Author Says “Buy as Much Bitcoin as You Can Now”

https://coinfomania.com/robert-kiyosaki-buy-bitcoin-as-you-can-now/

JPMorgan's Analysis Shows Institutional Investors Moving From Gold ETFs to Bitcoin

https://news.bitcoin.com/jpmorgan-gold-etfs-bitcoin/

There will be a point after 2025 when the halving is no longer relevant and BTC will be naturally tight as the adoption will be more widespread. When it becomes a recognized reserve asset the volatility will be removed.

ARB need to be clear about long term strategy. The divi should come after the bull run in 2021. There needs to be an approach to build up BTC reserves during the first half of 2021. The second half of 2021 should be about converting BTC to fiat currency to reward share holders. Then what comes next during the BTC bear market from 2022 - 2023? Surely there is then another cycle you have to prepare for to re-energize the fleet of mining equipment?

I would like to see ARB get to a position where we hold 500 - 1000 BTC in reserves. At $50k BTC that would take a lot of uncertainty away. Increasing reserves by 50 - 75 BTC a month should be easily possible above $16k BTC.

500 BTC = $25m
600 BTC = $30m
700 BTC = $35m
800 BTC = $40m
900 BTC = $ 45m
1000 BTC = $50m

Peter Wall is well incentivized as he has 5.7m options at 7p a share. At current prices (8p) he is up £57k.

A good article from Lyn Alden.

7 Misconceptions About Bitcoin

https://www.lynalden.com/misconceptions-about-bitcoin/

Big BTC predictions from Max Keiser are not uncommon but he has called this right so far around the elections.

The host of the Keiser Report predicts the Bitcoin price will very soon break through the $13,000 (£9875) price ceiling and then break out into a bull run.

"Expect Bitcoin well above $28k by Inauguration Day."

US election: Bitcoin to surge to $400,000 if Biden wins, expert claims

https://www.express.co.uk/finance/city/1357133/Bitcoin-joe-biden-win-donald-trump-crypto-surge-bull-run-max-keiser

Apple Should Take a Bite Out of Bitcoin

https://blog.etfthinktank.com/blog/apple-should-take-a-bite-out-of-bitcoin

I think estimates are 2m - 3m were lost in the early phases of BTC growth. Therefore its likely the BTC will top out at 18m but realistically much less.

The adoption phase continues...

World’s Second Biggest Bank to Issue $3B in Bonds Tradable for Bitcoin

https://finance.yahoo.com/news/world-second-biggest-bank-issue-092348073.html

This PPC BB get worse! PPC do placings every year to raise cash. Why would thy buy back shares?