Member Info for Globex

"Some of the research on here is terribly rushed."

As opposed to your own moronic posts on here calling this a turd? Or your revelation that the CEO is Eastern European? Why don't you tell us what you think his nationality indicates about the investment case.

As for cash level, it's a relevant valuation metric - particularly for a business in distress and at this ratio - so it's a highly reasonable discussion point. Plonker.

Alistair Osborne in the Times mentioned the Zeus conflict, at bottom here https://archive.is/amlBu

Also interested to see how long they give it between the mega dilution resolutions being passed and the raise. Shall we say about a month so they can then be free for their summer hols.

Thanks was second guessing myself because that much cash relative to market cap seemed too good to be true.

Noticed one of the bigger blockchain etfs with ~$490m under management has opted for CLSK as it's biggest miner holding. (They have a bit of RIOT too.) https://etf.invesco.com/gb/discretionary/en/product/invesco-coinshares-global-blockchain-ucits-etf-acc/trading-information

Not totally convinced on the quality of their stock picking as they also held a few turnips like Silvergate, but still could be a positive signal. Personally I've hedged my bets with a mix so can't be drawn into these partisan battles ;)

Correction $10-20m below the previous expectations, meaning $6.5-16.5m cash. Not great not terrible but the key part is they will have that surplus so in theory no raise should be required.

I do feel for any long term holders here, company has been mismanaged, but as a daytrade so far pretty happy with the bounce from 5.5p. We'll see if it retests that but with estimated $10-20m cash at year end this currently trades for not much in excess of that, there's only so much it can fall.

Now that is funny :D Seems legit to me also. Minto believes in Hosai, good news.

Does look like an excellent potential recovery play. Wildcard is mediocre management/strategy but this drop overdone and arguably all bad news more than priced in. It fell so far I reckon had hallmarks of a fund looking to exit sharpish meaning potential opportunity on the bounce back.

Available now, I'm in at this price reckon we'll at least see a dead cat bounce

What is particularly crooked is the then unexplained drop leading up to this, happens far too often in these small caps where insiders are given a heads up to exit and PIs last to know.

Still could be worth a punt at this price. Clearly current strategy isn't working, needs an absolute boardroom clearout. Current management could even be a total lost cause but at this price could still be value integrated with a proper dev company like Keyword Studios.

Credit where it's due, there is some recovery here. No material uncertainty a win of sorts, although looks like only because they've kicked the pension can down the road.

Currency still in decline and hard to see that picture changing but authentication revenue growing a bit in the period unexpected. The snag is that £29.6m loss and the business still not projected to be generating cash in 2024. With hefty liabilities that can't continue forever.

This was recommended by Sunday Times in April. https://www.thetimes.co.uk/article/share-tip-tinybuild-has-big-potential-j57bhhp06 Always thought this tipster was a bit of a blagger, that's confirmed it.

Counterintuitively when they announce another big buy like this it tends to result in a local btc pullback, probably because the announcement itself signals they've stopped for now, particularly as they tend to do it in these big bursts.

Fair comment. Holt has only been in position 7 months but has awarded himself 5,684,210 shares. That's the equivalent of over 1.8% of the company in this one tranche alone. Highly excessive.

The instrument purchased by Richard Griffiths (whoever he may be) is pretty close to Odey's equivalent number, looks like he must have bought straight from that firesale. If market sees Odey overhang gone would explain the sudden change in sentiment.

All eyes on tomorrow now though. Particularly interested to see how they're doing cash wise, those banking covenants (were they granted and at what cost?), where they are with the pension deferral, and auditors' wording around going concern. Should be lively.

"In the event of" implies future tense though, rather than forks that have already happened. So with this wording they are covering all legal angles for possibility of future forks where there would go with largest consensus, rather than offshoots.

Let's be completely honest here there is no scenario under which a Blackrock BTC ETF tracker would ever switch to BCH or BSV. On the other hand BCH did get an establishment nod via that exchange, no question it's livened things up.

Those figures are nonsense I'm afraid

So dramatic. More than 73% of voted against Holt's reappointment but he remains CEO, crazy. To overturn a democratic vote like that it's not something I've ever seen before.

So much ramping on here now, shame we had much better discussions in that phase when nobody cared about btc. I'm heavy into miners too but we really don't need a new thread every time btc goes up $300, or multiple posts literally just saying it's going up. There's no need to clog up the board like this, we can all see the charts.