Member Info for Globex

I would try Schwab first, they've recently opened up to UK users will allow you to trade pretty much anything including these pink sheets UK brokers are so scared about.

Alternatively the latest proposals suggest Chapter 11 emergence around October time. Depends if debtors give that a go ahead but once that happens a proper Nasdaq listing again would in theory just be a formality. (I'm also force holding but having made it this far decided to wait it out.)

@Bonkle the previous registered address is a building owned by Tom Allsworth. In an ideal world there would be total separation but this being aim it was one of those Moulding style property deals where both the tenant and landlord effectively same interest. Lease runs until at least 2025 so the conflicted interest stays until then but perhaps laying groundwork to tidy up.

Thanks for that, who needs a psychologist when you can get a free diagnosis from some dude on lse.

Wait a minute, academic based in Australia, is Craig Wright writing about himself again?

Credit where it's due to Boo in this case, funding share awards with buybacks benefits both recipients and shareholders. Far from the norm, so many PLCs take the lazy short termist route and simply dilute then gift to director level. Chunky 3 year vesting period too, potential incentive to somewhat reduce staff turnover.

Last time they bought at the placing lows in 2020 they flipped a good chunk after a recovery, they're hoping for a repeat? Will be using portion of their funds from Hurricane Energy sale. The fund is in windown mode so can't imagine this will be that much of a long term investment.

True TB doesn't miss a trick, least of all chance for payday. Latest thing is from March next year directors have right to 2.5m shares at 7.7p. Another reason to be wary is this latest AGM proposal to issue up to 20m additional shares. From current level would mean nearly 30% dilution.

One thing about this CEO is with such a massive shareholding he has lost more than anyone so arguably has greatest incentive to turn this around. Must be at least considering management buyout with market cap this low. He could afford to pay a big premium on today's price with personal IPO cash alone.

There was a pretty decent window on Thursday when this was available at 6p, was able to buy in then without issue.

CEO does appear out of his depth, ideally he'd be moved to a face saving operations type role. Hope is that major shareholders will be pressuring that an adult is put in charge.

With the right management there's absolutely no reason for cash to run out with such a healthy balance. Employee numbers have tripled since IPO, as far as I can see it now has more personnel than peer Team17 which is valued at £500m, madness. Drastically cutting headcout would be easy win as part of wider hunker down strategy while in downturn cycle.

Craig Wright is the David Brent of crypto, but here for the comedy of him trying to go up against the world's biggest asset manager.

It's an incredibly low turnout. Emphasizes lack of institutions. At this time I don't believe there's any one entity holding more than 3%, so shareholding base is highly fractured, in some ways a decentralised register appropriate.

Main takeaway is this must now largely be held by PIs, we're notoriously apathetic when it comes to voting.

It's handy for them to be able to value their own unlisted investments, like marking your own homework leads to some interesting outcomes. Paraytec last year they valued at £220,622, now £3,038,625. So only increased by about 1300% in 12 months. Then Kirkstall goes from £0 to £1,678,844.

Lucky old trev to happen to have what must be two of the best performing assets on the planet in last year, what are the chances?

Does look excessive. Iirc he resigned in Feb + 3 months grace making it £100k monthly this year, with foot half way out the door. No wonder shareholders rebelling. Also looks quite telling that one remaining director from last year also not looking very popular, countdown on him probably begun.

Interesting, did say on Thursday the selling had hallmarks of a fund exiting.

This shareholding was already disclosed, Martin Currie Investment is a subsidiary of Franklin Templeton. So shareholding page simply showed the parent company.

Replied to wrong thread apols

Yeah corz isn't a growth story more of a recovery one. It was totally written off by the market with assumption equity would be zeroed, anything other than that is a win imo. Creditors will probably take 90%+ so it's not all gravy but what really changed was the restructuring also taking on board an equity committee and the ch11 process motoring along nicely.

Interestingly Blackrock took a small stake too while in OTC (so unlikely to have been part of a tracker).

In first half of this year it mined more than any other listed miner. Clearly that won't last forever but with btc on the up it improves the chance of equity recovery.

Mara is starting to really accelerate away from Riot now. Market caps still surprisingly similar given its outperformance but expect Mara to extend its lead.

Let's also not forget good old sleeper chapter 11 corz still chugging away, looking to again be over 1k btc this month.

I agree would have been much more defendable if they had made the awards performance related. Too late now though, they've already been awarded and are full vested, only restriction is they can't sell for 12 months.

Thanks for sharing Redinjun. Good question about Pluto (now Emergent Entertainment). In an ideal world they'd get rid of their stake here, a bit too frivolous to be investing in a company that's now pivoted to web3 gaming when argo's own finances precarious. CFO might be reluctant as must be illiquid and would mean crystalizing a loss (based on 22 accounts).

These heatwaves seem to get worse every year. US natural gas prices are a good leading indicator of leccy costs and they're still a fraction of last year so by my reckoning curtailment rather than price will be the bigger issue. But with so many major mining rigs in Texas to a certain extent level playing field.

Most shareholder votes only have a minority of the overall register voting. Share count majority is all that matters in company law, still perfectly democratic. As this is so widely accepted it's an unconventional tactic for board here to be emphasizing abstainer numbers. You don't even get politicians doing that after a general election and we know they'll spin anything.