Member Info for CLSKBull

Gotreal - yes these are all factors (even if generated by AI - a pet hate), let's go through them one by one as they don't warrant the disconnect. The price will never be 1:1, but the circa 1:10 makes no sense.

1. Lack of Marketability & Lock-up Period: Warrants a discount.

2. Significant Debt and Repayment Uncertainty: They'll have many options here and I'm sure they'll sort, not worried.

3. Uncertainty over Future Strategy: Nonsense.

4: WeShop's Own Volatility and Fundamentals: The logic is flawed and related to weshop. If the company were worried about the valuation holding they could optionally hedge the position.

As I say, you won't get a 1:1 valuation, but even if you got 50% you're 5x'ing from here. You've not missed the boat yet.

Yeah did an initial skim, seems a basic setup. They'll have various options around the bond with the current nasdaq valuation, so the power is not all with the bond holder, so I'm sure it will all get sorted either with the bond holder, or via other means, and the communication is saying the right things. US market has started the year strong, so if that carries on it's even more firepower.

Haven't researched much at all but seems a no brainer. Best of luck all!

Yes this is the correct board. Hopefully alts sustain these moves and get some traction going.

So I've had a look at the new setup to determine if it's worth a punt (spoiler: I'll not be touching).

Based on the current ADR price of $5.73, individual shares are now worth just over 0.2pence. Anyone who held on got shafted as expected. Why did the share price hold up so well before the cutover? My cynical side thinks they were buying some shares to ensure the vote went through.

Old shares now own 2.5% of the company, while noteholders hold 10%.

Struggled to work out the current shares on issue - either 28,857,675,200, or 32,877,137,103 (yes that's billions). With the new 2160 to 1 ADS ratio, you've got either 15,220,897 or 13,360,035 ADS's.

So the mcap is USD $75 to $85 mil.

What did Growler bring to the table? The main thing seems to have been the extinguishment of the notes debt.

Based on the 4225 machines and 13.5 MW at their existing Alabama Growler site data centre (storage containers according to linked article), this indicates the machines are S19 XP's (21.5 J/T).

They have also turned back on some Argo's old zcash miners.

Based on the above it's unlikely they are generating much cash after expenses and I'd expect them to raise to fund some vague HPC initiative.

Last Update:

https://www.sec.gov/Archives/edgar/data/1841675/000165495425013972/a6651l.htm

Growler Owner:

https://patch.com/alabama/tuscaloosa/stan-pate-his-own-words-part-ii-titan

I'm currently thinking that we're going to get a bit of weakness the next month or two with the AI bubble deflating a bit, and with various fears ruling the day (valid fears to be fair). Once the new fed chair comes in in May then he'll be a bit of a cowboy and pump the markets into MrB's 5th wave (does that fit your chart timelines MB?), followed by a horrible crash.

Yeah UK has lost its way the last 20 years. The island fantasy makes a lot of sense.

Yeah nothing beats a strong green day, you can wipe out weeks of red in a single day, often to see it head back down again the following weeks, but you certainly feel a rush when it runs.

Interesting change of scene with treasury buybacks and new fed chair coming soon. I don't think we've got a long time left, hopefully one more ath first, but I'd settle for 100k at the moment. Blow off top is hard to see at the moment, but iwm breakout perhaps hints at something brewing, if it can hold, Friday was hard going, very typical of this cycle, break out and stall.

Yes made most my money on nasdaq listed cos. UK is sadly not attractive to invest in. I think it's wrong to say no mistakes as I've made plenty and still moved forward. Markets are volatile and sometimes move against you even if you're right, on the flip side sometimes the market moves in your favour for no real reason. It's not an easy game that's for sure and probably not the best use of time or money for most as you say.

At best gross negligence, at worst theft from shareholders. Yet nothing will come of it. Sadly it's not just Argo it's rife in UK small caps.

For those that did believe in the fundamentals of Helios, you were right, Galaxy is making a fortune off it. But hard lessons learned. I got out way too late because I believed in the company and in PW, unfortunately he was a conman. I've fortunately managed to get my accounts back to full steam with a mix of success and failure, but the markets are certainly an eye opener on the dodgy stuff that goes on out there, least of all the manipulation on a daily basis with the bitcoin price. Probably the biggest lesson, it is not a level playing field whatever they tell you.

On a brighter note there are always new opportunities coming and you can make a great success of this and make life changing money. The odds are stacked against you but it is possible. All the best and Merry Christmas to all!

I don't know better, just what the RNS had said. Not that it matters, anyone who held through it all is getting next to nothing after the price action yesterday, possibly with an extra kick from jpm for good measure. Brutal. Based on the number of shares traded it seems growler derisking for a freeride?

If you're still holding shares then you first need to have a word with yourself.

They'll convert them to ADRs (2000 or so shares gets you 1 ADR share) and charge you a hefty fee for the privilege.

Well investors are pretty much getting wiped out. They'll own 2.5% of the new company (less fees), which will remain on Nasdaq.

Yeah it does feel this has been left on autopilot for the last year or so. Feels a bit dormant.

Now that there are a gazillion different coins out there it's a different playing field than it was when it first started with a lot less coins on offer, it is hard to imaging an alt season not being diluted because of this. Probably not the same investment it once was but I still think it will run again when alt season comes (if it ever comes), but agree with your thoughts.

COIN is roughly at NAV, while KR1 is below NAV (last time I checked).

So although it is always possible to go down further, it seems unlikely to me (other than moving in line with underlying holding movements).

The move to LSE seems to have achieved nothing so far. Some sort of comms from the company on what their strategy is going forward would be appreciated. Agree that they should be making some trades of some sort.

So far no difference, but hopefully when (if) alt season kicks off it helps.

It's so weird to see KR1 no longer listed on Aquis.

For anyone that comes along here wondering what happened, KR1 has now moved from Aquis exchange to LSE Main Market.

I just placed a trade as a test and it went through fine, and all my shares seem to have ported over fine.

https://www.aquis.eu/companies/KR1

https://polaris.brighterir.com/public/kr1_plc/news/rns_widget/story/rgllj0x

https://www.londonstockexchange.com/stock/KR1/kr1-plc/company-page

Be careful what you wish for. Saylor doesn't have the greatest reputation at the moment.

Interesting microcap company, possibly a scam company based on a quick search. Not a big player.

Then why is no one other than yourself talking about it? It's a hard sell. Not many will care about big blocks. Maybe a catchy theme song will help? I like big blocks and I cannot lie, you bitcoin maxis be denied....

Lol, and betamax is also likely to make a comeback and flip netflix.