RE: Blonity21 Nov 2021 09:31
Saw a lot of honesty from PW, he looked back to his old chirpy self again, saw this ‘relaxed’ PW in the Wes video too.
The Nasdaq ipo enriched the underwriters and was an awful price $1.10 im glad he addressed it, just wish investor relations within Argo had been better prepared for this ipo and understood the legalities and technicalities of an ipo, it shouldn’t ave come with a big surprise/discount. Btc went from 40k to 69k during the ipo in terms of timing that it couldn’t have been better. However with the farce of the huge discount and poorly managed ipo it hasn’t benefited. Now the ipo churn has gone those underwriters have made the money they can F off and hopefully Argo can recover from the debacle this has been.
One other way of funding that interests me instead of using debt,equity or hodl to raise funds. Sell working interest joint ventures so the general public can buy miners and Argo could host for a fee, wouldn’t be ideal for Argo but would enable general public to invest in mining crypto and would offset the risk of arb buying all the machines fill Texas and make money.
Oil and gas companies sell the risk in joint ventures working interests all the time, and at about 12k usd all in mined costs per btc at these prices it’s viable, get an investment side of the business and start selling working interests in Texas for crypto mining.