Member Info for buried_treasure

Aquis isn't known as 'the lobster pot' for nothing. Easy to get in, impossible to get out.

Good luck all holders. I think you're going to need it.

Geologist? Anyone buying Harry's bull**** should see a psychiatrist.

Still living rent free in your uber self-disciplined head then Dusty, yeah?

As in 'second'.

As in 'coming'. That some have been waiting two millennia for.

Will adjust my expectations accordingly, thanks for clarifying.

Adams is LORD. Keep the faith, ye sheep.

'shortly'.

Is that a longer or shorter period than Adams's 'imminently', because that has been 3 years and I need to know when to order the new celebration cake that became a loaf that became an airport runway landing slab.

Winston I can't quite be sure how many of the last 3 'breakouts' you have predicted. Is it 46 or 47?

it's halved since that roast parasite said it was priced to fail. make of that what you will.

swanny put this ****show back on the rails single handedly more than once. that he has had enough is damning.

we will see indeed.

In other news, THE_COMICAL can assure you there are no enemy tanks in Baghdad.

Yes Johnnyy.

I've given you the time to hit the sell button, now run along little boy.

I hear Aquis might be stepping in to stop this company raiding, sorry, raising more money just to buy bitcoin.

It's not often you can time the bursting of a speculative bubble to the second, but I reckon anyone having 29/05/2025 08:00:01 in the sweepstake will be taking the kitty.

More burner accounts promoting the latest boiler room scam stocks.

I mean it makes sense to diversify into 10 bigger fool bubble stocks so more people can roger you, rather than just getting rogered by one set of promoters.

I know the 'Nakamoto' story well, CLSKBull. In fact you could say we are cousins.

Fundamental stores of value will always be so. And there will always be money in trading grain and rice. People gotta eat.

I don't believe bitcoin is different. It drains resources to 'mine' and has only the intangible value ascribed to it for purely monetary reasons. But differing opinions are what makes a market.

Thanks Johnnyy.

My grandkids agree with your assessment, and their views are the only ones that matter to me now. We don't all wear capes, apparently.

"What are your thoughts on the current monetary system? Do you not think that those with savings in a bank account are mugs? I don't know about you but since before Covid to now most things have doubled in price. It's scandalous in my eyes. Why is it good from your perspective?"

Yes, fiat currencies are debasing themselves at an alarming rate. Cheap money since 2008 has created asset bubbles and a looming sovereign debt crisis that can only be inflated / devalued away. The answer is to buy physical stores of value and, for risk assets, direct holdings of shares that pay a healthy, boring dividend.

I will not be having anything to do with cryptocurrency. Shark infested waters.

So like I said, bigger fool theory!

Just don't be left holding the bag when the whole thing collapses. Which could be in 5 minutes.

I honestly have no idea how you guys (and especially the promoters of these get rich quick schemes) sleep at night!

To warn other marks who might be thinking of playing the three card game Johnnyy.

It's too late for you, you've already fallen for it and now need bigger fools to come and play the game to get your money back.

Naked promoters like these chancers (hi, Hydraulicmech!) and those at Technology Minerals, KEFI, Georgina Energy, etc., p**s in the well I have to drink from. I am here to stop their self-enrichment at private investors' expense.

Clean, efficient markets have benefits for all. And if the Regulator won't put a stop to it, I will make it my job to do so.

"as time goes on this amount will keep growing (BTC per share)"

That is complete c*ck. As you issue more and more and more shares, the BTC per share goes DOWN, not up.

Oh, so now that I've laid bare that part of the three card trick, the premium GROWING is apparently "wanted / desired"...

Which is it? Do you want the premium to 'reduce' as per rylidan, or 'grow' as per CLSKBull? Can't have it both ways.

Fact is, people buying today are buying a share of £5M of assets... for the cost of an identical share of £175M!!!

Now those assets might grow to £25M, £55M, but the proportion they have a share of will grow even more as the company dilutes via more and more shares with each new raise.

Like the three card monte, it is an ILLUSION.

And remains for financial masochists only.

"The premium will slowly reduce over time"

How so?

Round numbers, but assume we currently have NAV in BTC of £5M and a mcap of £175M. Premium to NAV therefore £170M.

Raise £50M gross, say £45M net and invest it all in BTC (they have invested a much lower percentage with each raise so far, but I'm willing to accept they might invest it all going forward now they have cash behind them to pay the PLC costs for a while).

After the placing and the BTC purchase, all other things being equal the NAV in BTC is £50M and the mcap is £225M. Premium to NAV therefore £175M.

The premium from NAV to mcap has INCREASED by the £5M (10%) costs of the fundraise!!!

So precisely how will "the premium slowly reduce over time"?

If you're saying 'because the BTC price will increase', well that may be the case, but it might just as well go down. And if you buy the 'BTC will increase' story, just buy BTC and cut out the middle man! You certainly don't buy an ungeared play (some would say lifestyle business / naked promote) like this!

So again, how / where does this create value? It makes money for the directors and brokers at the expense of you mug punters, but how does it create value for you?

Bigger fool theory writ large.

Atlas have gazillions they would like to unload at 0.1 which might create a bit of an overhang.

I think he's spent too much time in the sun with his hat off.