focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Discuss the Hive blockchain project directly with Frank Holmes. I think that we should approach Lukas, George and Keld
to organise a 'Blonity' interview. This could be aired on both Youtube and Patreon. Plus, I am going to be circulating some
of these videos around Stocktwits etc, to give them a taste of what will soon be coming their way....
the crisis last years. Two things are remarkable. Firstly, George's confidence and optimism that things would quickly turn around for his company (and they did). Second - this clip only got 721 views. I intend to repeat some of this old footage from time to time so that any potential new investors can see them and gain great confidence in terms of what they're buying into here. Lets get these viewing figures up guys !
https://youtu.be/Fxq7VAd1naw
Other KR1 director
.https://youtu.be/STqiXuw-jLE
119p....And now back in for a fresh killing, let me point out something interesting.
I have scoured the markets to find another ARB, and now undoubtedly found it.
It wasnt on the Nasdaq, which is riddled with fake Argos such as SOS and BTBT.
Its right here on LSE believe it or believe it not. Ticker KR1. They are pioneering
the new Ether , designed by Ether designer Gavin Wood, named Polkadot - which
is literally exploding up the charts in terms of mkt cap. This youtube video explains it
better than I can. GLTA and apologies for the intrusion. Btw ARB looks like a 5 bagger
from here in 2021, I
I wondered if having 50 % of my port in a company like this
was a good idea. Driving back in to work this morning , I was thinking
I could regret my decision, and wished I'd gone the full monte -
ie 100 % all in.
The only and obvious short term downfall - this stock is so far under
and off any radar known to man, and can only be detected by shining
a kryptonite powered torch directly at it at very close range. Am going to try
cross ramping it on some US crypto stock blogs.....its a longshot but hey.
https://wexboy.wordpress.com/2020/11/21/kr1-plc-the-crypto-alpha-bet/
Skin In The Game:
Shouldn’t the KR1 team have more #skininthegame?
Blame the annual report, which lacks relevant shareholdings/options disclosure. Again, it’s all in the RNS: i) George McDonaugh‘s 2.6 million shares & Keld van Schreven‘s 0.7M shares, ii) Smaller Company Capital‘s 5.0M shares & Jeremy Woodgate‘s 1.4M shares, iii) in lieu of compensation, a 2017 grant of options to acquire 9.87M shares (at their 0.19p nominal value, ’til Jun-2027), with 20% being awarded to each of McDonaugh, Woodgate & Rupert Williams, and the remaining 40% being awarded (I’d presume) to van Schreven & Janos Berghorn. [Woodgate & Williams both resigned as directors last year, but they/SCC remain as consultants – and this could present an opportunity to consider adding a new independent non-resident/non-crypto director]. In aggregate, that’s a 15%+ stake in KR1’s fully diluted ordinary share capital.
[NB: In terms of free float, also note these significant long-term holdings: a) Roshan Ashok Vaswani (rep. a UAE/African family office), 15.1 million shares, 11.5%, b) Adam Powell (of Neopets fame), 8.8M shares, 6.7%, and c) (estate of) Bruce Rowan, 4.8%.]
KR1 also has a bonus scheme (clearly disclosed in the annual report): A 15% performance fee, based on net asset gains (adj. for new capital), with a high water mark. [A 20-30% fee’s normal for similar private crypto VC/hedge funds, that require a significant min. investment & offer far less liquidity]. The only bonus paid to date (£1.3 million) was in 2017, when KR1’s equity increased from £0.4M to £13.6M. [Puts the high water mark at £14.5M, to inc. KR1’s final £0.8M placing in 2018 & misc. share issuance re options/services rendered]. Per the scheme, the team opted to receive part of the bonus as an across-the-board allocation of unlisted tokens. Unusual for a UK-listed company, but entirely normal for a VC firm, and it was designed for a nano-cap to attract/retain actual crypto-heads & ideally pay them via unlisted holdings, rather than cash/traded crypto it needed to fund new investments.
Frankly, I was delighted with this bonus allocation – crypto’s an emerging sector that can still expect radical change & volatility, so I sleep better knowing the team lies awake at night worrying about the value, security & staking potential of both KR1’s and their own personal holdings. And experiencing the same economics – many of KR1’s unlisted tokens soared & collapsed since, but just like shareholders, the team’s Polkadot allocation turned out to be the primary multi-bagger winner for them too.
I mean, what better skin in the game is there than that?!
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KR1 plc: Update on Polkadot Ecosystem Projects
17 November 2020, 07:00 GMT
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17 November 2020
KR1 PLC
(“KR1” or the “Company”)
Update on Polkadot Ecosystem Projects: Plasm, ChainX, Edgeware and Phala
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to
announce that the Company has participated in, generated staking revenue from,
and realised profit from, key projects in the wider Polkadot blockchain
ecosystem.
Plasm Network
Plasm (“Plasm“ or “PLM”) is a highly scalable decentralised application
platform, launching on the Polkadot blockchain, that allows developers to
build secure and scalable applications on Plasm’s ‘Layer 2’ solution for fast
and high capacity transactions.
The Company is pleased to announce its follow-on participation in the second
Plasm token distribution event, termed a 'lockdrop'. KR1 time-locked a total
of 1,000 Ether ("ETH") via a smart contract with a duration of 1,000 days. In
return for locking up the ETH, the Company will receive an additional
248,000,000.00 PLM tokens. KR1 previously participated in Plasm’s first
‘lockdrop’ and, across both token distribution events, the Company now holds a
total of 314,285,652.28 PLM.
KR1 is planning to use the acquired PLM tokens in staking activities in the
future and expects to regain access to the time-locked ETH in three separate
tranches: 500 ETH unlocking in Q1 2021 (from the first lockdrop), 232 ETH
unlocking in Q4 2022 (from the first lockdrop) and 1,000 ETH unlocking in Q2
2023 (from this, i.e. the second lockdrop).
ChainX
ChainX (“PCX”) is a blockchain that provides the technical infrastructure for
multiple digital assets, such as Bitcoin (“BTC”) or Ethereum (“ETH”), to be
migrated into the Polkadot ecosystem.
The ChainX network launched in July 2019 and, since then, the Company’s
staking activities have been generating revenue on an ongoing basis in
ChainX’s native PCX digital asset. To date, KR1 has generated a total of
30,072.02 PCX from staking activities, which thus far have not been realised
into fiat currency but, instead, are being ‘compounded’ to strengthen the
Company’s staking activities going forward.
At the date of this announcement, KR1’s total holding of ChainX tokens is
30,072.02 PCX, which are being actively staked.
Edgeware
Edgeware (“EDG”) is a high-performance smart-contract platform implemented on
the Polkadot network as a parachain. Edgeware aims to allow participants to
vote, delegate and fund each other to upgrade the network.
The Edgeware blockchain launched as a decentralised ‘Proof-of-Stake’ network
in February 2020 and, since then, the Company’s staking activities have been
generating revenue on an ongoing basis in Edgeware’s native EDG digital asset.
To date, KR1 has generated a total of 439,431.72 EDG from
THE DIRECTORS TALK ABOUT 2021 OUTLOOK....
https://www.**********.co.uk/media/5fc796069f98da001bbc4b44/?context=/listings/PLU/KR1/
I already owned a small amount of this, bought and paid from Argo winnings : - ) I just bought a ton more this morning.
Apart from the Grayscale adoption of DOT, I hadnt previously checked out the institutional holdings. These are highly
impressive for a micro-cap imo....roughly half the float. I didnt see anything about Director shareholdings - does anyone
know if they happen to own a few themselves ?
Substantial shareholdings:
Vidacos Nominees Limited - 33,289,473 - 25.47%
Hargreaves Lansdown (Nominees) Limited - 11,122,919 - 8.51%
Adam Powell - 8,806,675 - 6.74%
R B Rowan - 6,209,649 - 4.75%
Hargreaves Lansdown (Nominees) Limited - 4,598,643 - 3.52%
Pershing Nominees Limited - 4,532,893 - 3.47%
The Bank of New York (Nominees) Limited - 4,000,000 - 3.06%
Was half in, half out of ARB when the news broke. Fully in at 90 p now
though,and very very very happy with that. Was half expecting a dip...
eand ARB didnt disappoint. Now panic selling some TSX V uranium juniors
so I can panic buy more ARB in the morning. U stocks would have done well,
but require 12 months patience. Why wait when you can get paid the same in a
month, or less ? Total no brainer imo. Shame Nasdaq shut today. Could have
panic sold some Mara and Riot to really fill my boots ... : )
OVER THE WEEKEND.....The mining stocks would crap themselves and tank 50 % no problem.
Thats what I expected to see here and in Mara, Riot etc. As it happens, I only got around 15 %
discount buying these dips. A useful lesson. Well done guys, and a special well done to the yanks
today. The BTC rally has already resumed IMHO.
On Daughter's ISA and own pension a/c, almost 80 per cent which was in ARB, so
quite happy with the proceedings. Although I had been holding over weekends,
Xmas etc, something told me to leave on Friday. I sold 75 % . I know better than to
totally trust my own judgement. Happy days. Looking for a dip into 70's / 80 's in
the morning. Hopefully. Can then back up the truck. Happy Days : )
Double next week, its very tempting to lighten or switch between stocks.
This could well be a terrible mistake too - we just saw Btbt go up heavily
for 4 consecutive days, and better than tripled. And thats a stock I dont
happen to trust a great deal....