Member Info for CLSKBull

On one hand you're talking about price being important (ranks, which clearly bitcoin has won), on the other your saying tech is more important, which seems a matter of opinion like android vs iOS. Bitcoin is now a financial instrument and has failed to live up to Satoshi's vision as alternative to mainstream finance, it is now as corrupt and manipulated as all other big financial instruments.

DS you're so funny, still hating on BTC. Get over it, bitcoin won, just like Apple won ,VHS won and Brexit won. Bitcoin Cash will never make it, it will always be a small player.

This deal seems to be daylight robbery and should be voted down, but the reality is common share holders are probably shafted either way. Disgraceful. They do still have one site that is probably worth something, and some machines they could get some money for, but I guess Note holders have first dibs on any money. What is the size of Growler's total investment here? $7.5mil debt conversion?

From https://drive.google.com/file/d/1jadfNyZVAHdTQ5aoBnxRMcUzxJOFVFxl/view

Page 15:

Shareholders: 2.5% of the Plan Company’s Ordinary Shares valued at £0.47m-£0.56m, on a pro rata basis

Noteholders: 10% of the Plan Company’s Ordinary Shares valued at £1.88m-£2.24m, on a pro rata basis

Secured Lender: 87.5% of the Plan Company’s Ordinary Shares valued at £16.47m- £19.59m, on a pro rata basis

And JPMorgan will take a massive cut.

Baie Comeau must be worth more than this.

The weird thing is market cap of Argo commons is still 9mil.

Yes WULF has been holding very strong over the downturn.

That Lord is useless, seemed bored and uninterested, how much is he getting paid?

Shayne came across well. The treasury stuff who cares, the Bake stuff could have done with some "good volume" type talk. Fine the platform stayed functional, but more news would have been good.

What's the latest here? 41 Chat items and only 5 trades. Company seems to have gone silent?

I've still got a fair few shares in this sitting on a significant loss, but pretty sure this will move when market sentiment picks up, provided the company doesn't do something stupid. Best case they make a positive announcement during a general market run.

Arthur I see you're still posting here every 5 minutes with your worries - seriously you need to consider if this is a good use of your time - I'm worried about you genuinely?

Funny how we all have our favourites and struggle to break ties with them. Mara being outperformed by stablecoins is down to Fred - he's lost support of the market which sees Mara as a Fred enrichment scheme first and foremost. Sure the market has been killing the sector the last few weeks, but not convinced Mara is the horse to back. Market doesn't know what it is - a treasury play, a mediocre bitcoin miner, or HPC. I think there is less dumb money this time around and Mara is suffering for this reason.

Your other favourite MIGI took a real beating yesterday, due to a 20-1 reverse stock split. It might be worth a punt post consolidation, but suspect they'll want to raise money pretty fast after that.

CLSK has full year earnings next Tuesday and due to bitcoin price on 30 Sep, the profit should look very good. They are moving into HPC as well, so an outside chance of HPC news. Combined with the beaten down price I see this as a good risk/reward play. I'm heavy in this.

BTDR and BITF both seem undervalued also. IREN seems overvalued to me, but is the new MARA, with CIFR becoming the new RIOT. RIOT seems to be ticking along fine and faring better than MARA.

MSTR has lost its shine, shunned by the market. ASST seems to be the only treasury play with any life to it.

On the UK side you've got SWC that seems to have some volume and moves with BTC price. KR1 has taken a heavy hit with Alt's all punished recently - might be a good play if things get moving - they are moving to main market apparently.

I think we've got one last leg up (including general market run) before a big bad bear. Expecting peak in the next 2 months.

Could be wrong of course, but that is my expectation.

Um... I'd estimate a less than 0 chance.

Yeah I'm sticking to NASDAQ companies now and can't see myself touching anything on aim again.

It's not how it works as they move the price if you buy or sell any real quantity. So each subsequent sell they offer less, or subsequent buy they make you pay more. I'm sure I could have executed the sell better if I was more patient but I just wanted rid.

It's weird as I sold around £23 k worth of shares and the price dropped around 14% or something, which reduces the mcap by about £500k. Why is the company worth 500k less because I sold 23k's worth? There's next to no volume here so that's probably the main reason, but still...

Yep PW turned out to be a liar and a cheat. I don't know how he lives with himself either. There's no sense of remorse and no apology. He seems to see the whole episode as a success.

That said, Helios was a great site, and Galaxy are literally making billions off it. If PW had not been so terrible this would be at all time highs instead of the sad story it is now.

Thanks both much appreciated. Yes definitely prefer to be open about these things as it's difficult enough being a private investor (not the level playing field that they promote).

Emma and her poor comms (both frequency and unclear content) and execution have made it very difficult to support an investment here. But I'm often wrong so maybe it shoots up now. Best of luck all!

I just closed out my remaining holdings here. The big sells were me - apologies holders. Taken a loss on these - but no more sells from me now as I no longer have any shares here. There's no GRL specific reason I sold these today, however I gave up on this company a while back due to poor management/comms. I'll put the money elsewhere. Win some and lose some. Best of luck to anyone still holding, I hope it all comes good for you.

It's on hardly any volume so can't really read anything into it, but at least it went up.

Why do you think an alt season would not help this - because of future placings?

Up 20% I didn't predict that.

They won't be ADR's anymore they'll be NASDAQ native presumably.

For some reason the US are buying. 2mil volume (20mil UK equiv), up 12%. I'm not going to pretend I understand any of this price action but hopefully it helps out a few people.

https://www.nasdaq.com/market-activity/stocks/arbk

There's a load of stuff going on in the US right now with miners being loved again, not for BTC mining but for having access to power, they're all pivoting to HPC/AI. It feels very much like 2021 with things really shifting - if you back the right horse. Some things like MSTR and MARA are failing to get going though. For me treasury companies are done, they've had their day and did very well at the time. Might get one last move if BTC breaks out to 130, but I'm staying away from them. Feels the right moves at the moment are to find something unloved where attention and volume are picking up, ride it for a week or two and then jump off. I'm feeling that we've started the last innings now, exciting times.

Cmouk I don't know what my thoughts are here either. On the surface of this release I don't see how it's good for shareholders.

Why main market rather than NASDAQ? Are we signing up to discounted placings going forward the old fashioned London way? We have a very decent portfolio, why do we need further funding? Surely they have enough shtcoins. The focus should surely be on at least getting fair value as it currently stands, not diluting at a discount.

I've got a LOT of these, and was all set for alt-season and for these to go up in a predictable way (patiently waiting...). This has thrown a spanner in the works. I'll see what the prospectus says I guess before I make any rash decisions. But my first impressions are that of annoyance.

"Jan 2026 (est.) - ADS ratio/reverse split to ensure NASDAQ compliance."

So it's currently 10:1 and is 45 cents, so it would likely go to 100:1 - which would also bring the share count down to around 300mil. Maybe they go higher than 100:1.

Also the timing of Jan, I suspect they'll miss the bull run. I think there are a lot of holders with small quantities that are deep in red and they are just riding it out whatever happens as the loss is already too much to worry about getting back. Meanwhile Galaxy making a fortune off Helios. The whole episode is just a huge disappointment. For what it's worth I'm mostly staying way from UK shares now, it's the US where everything happens - sad state of affairs.