RE: So many de-rampers9 Nov 2022 13:44
Pi in regards to the share price you don’t have much left to beat up here and bs pumps and spikes could catch me out at these levels. Btc plunging lower has little relevance to Argo, they don’t hold anything of real value in btc and I believe the market is beginning to price in bankruptcy. I just don’t fancy the risk/reward at these levels to pursue a shorting strategy but 100% I’m convinced this is going to zero, that wasn’t a gimmick from me.
Argo has 3 simple outcomes.
1.This goes bankrupt
2. Btc turns
3. Secures funding
I’m number 1 mate, I can’t see how Pete of all people gets Argo out of the mess he has created.
I think you’re way out on valuations with Helios, under these conditions I’d be amazed if it’s worth more than 50 million usd more like 25-30 million then maybe 20 mill for the machines, don’t underestimate the deep pockets someone needs to take on Helios and be prepared to lose money on initially.