Member Info for Globex

At 70k most miners should be higher for sure but signs they're looking more robust lately, especially given local btc pullback. Noticed yesterday IBIT and Mara were both down - but with Mara down less of the two, which hasn't happened before on day both red. Nothing to get too carried away about, but with IBIT effectively being spot during market hours handy intraday benchmark. Mara outperforming btc on a down day feels different. New phase maybe.

Retail Gazette broke story and they were specific in saying it was a resignation. Ingenuity has been dead in the water for a while but it's unclear if him leaving relates to that, arguably that was the case when he joined too. Firm is opaque as ever so only insiders will know actual story.

Kering profit warning hit sector today, when even first tier companies coming under expectation a third party retailer like this looking pretty exposed.

Nobody's acquiring Audioboom I'm afraid. There's nothing to acquire, they are now just a publisher so their primary assets consist of podcasters. If you're a bigger player why buy the whole firm when you can instead just target any of the better podcasters they have signed up, as soon as their contracts are up? That's exactly what happened when Wondery plucked one off.

https://www.thisismoney.co.uk/money/markets/article-12634769/Audioboom-sales-hit-loss-true-crime-podcast.html

Not making allegations about this company - I have no opinion on the broker here - but insider trading happens frequently. That's not a conspiracy theory.

FCA's own evidence via a freedom of information request pointed to its frequency.

https://www.independent.co.uk/news/business/news/fca-city-london-insider-trading-convictions-five-years-financial-conduct-authority-a8167486.html

The thing that's much rarer is prosecutions like this one from last month. Reasons for that vary from it being hard to prove, FCA lack of resources and/or sophistication to investigate effectively.

https://www.fca.org.uk/news/press-releases/mohammed-zina-found-guilty-insider-dealing-fraud

Nonetheless if anyone does have evidence of insider trading definitely worth submitting a report - FCA can't act on it if they don't know about in first place.

Cifr wins miner roulette today, not celebrating too much as it's lagged forever but pump maybe encouraging for sector, particularly not being based on any real news. Lot of mispricing opportunities at the moment.

Comparing to Putin might be a bit much, it's not as if he tries to censor free speech or those critical of his leadership, hates the free press, tries to clamp down on an independent media organisation by installing his own yes men, strips away tangible assets to enrich himself, runs a rigged leadership election he's bound to win because he's backed by powerful friends and can dilute the power of everyone else to make a difference. Hang on a minute..

Last two trading days there has been a subtle shift in miner prices, not just that've not gone down dramatically (although that's novel), but more btc upside correlating again, maybe signal bad news largely baked in? Once market trusts a trend reversal is in motion I do expect a fast rerate, some of them have lot of catching up to do.

Btw check out the pool, 3 in last hr - that could be lucky streak, but even still 7 in last 24 hours is best we've seen in a while. Suggests close to firing back on all cylinders.

Fred talks a very convincing game but have to wonder how committed he shareholder value. Dilution my main gripe but then that's this faustian pact with miners we all face to one degree or another. It could be done more sensibly but ultimately I've come to terms with it being necessary for expansion. As we know without expansion market would punish even more (argo).

Blimey CLSKBull really came out swinging against Mara. Valid on operational problems and I do have some concern around inconsistency of messaging. In Jan it was weather related, fair enough but now it's Spring. Ellendale site given as main reason now, but if that was "nearly back to full strength" on March 5th we should be seeing better numbers this month. They could actually learn a few things from Corz's consistency here, how they manage scale despite challenge of running older hardware overall.

All a bit unfortunate timing down to last month of this block reward, it's going to be a rough quarter - but keep in mind these issues are short term. Before January they've outperformed for a long time and no reason to think that won't happen again. The other stuff I have less of an issue with. Personnel a non-issue, seems they're retaining Applied staff for latest site, and can hire anyone they need. Hedging a bit annoying as we said at time but small fry really.

Dilution always a pain but hopium here is once they've bought enough sites and are more self-sufficient, they'll surely pause. When all sites 100% again and assuming btc does its thing they will have far less need.

For me it comes down to price, I don't see it as a binary choice between miners. I like CLSK and hold it but they are priced for perfection, Mara represents better value to me at these prices so I hold more.

Not up, that's your wishful thinking. Any inorganic pump would be temporary. Couldn't have been much clearer concluding direction this goes, which you'll know now you've read twice the last sentence of my post you keep going on about.

If that sarcastic reply was directed at me I'd suggest you re-read my post and try to understand it this time. I appreciate you must be hurting if you held this all the way down, but you'd be better placed lashing out at the company rather than any particular poster here.

It's a bit laughable for you to try and play critic when I don't see you providing any analysis whatsoever, or in fact ever posting anything of any worth at all.

True for full year accounts, should have said 30th April rather than 28th March there

@fgha I'm a bit shocked you were blocked for that post. It was reasonable, unemotional and factual. Him blocking you for a post like that actually reveals quite a bit about his character, particularly tolerance of views that don't exactly align with his own.

The thing is he is the one who has chosen to communicate via social media and take this company public. As a large shareholder you should be entitled to have a say using his platform of choice. The whole point of social media is interaction, it's a two-way street, speaks volumes that he thinks he's entitled to use it just for broadcasting, and allowing comments only if they are positive.

April Fools Day would be apt

Shows how useless these newspaper share tips are. At least they admit they got it wrong recommending the equity before share price went on to collapse. More than can be said for quite a few rampers on here when it was 30p+, who seem to have now gone very quiet?

I wouldn't bank on 9p holding, could fall further depending on sentiment. Equally it could be they'll pump it up with news flow once Diggle and co are allocated their shares from April, to give him option to dump again if price gets high enough. Beyond that the biggest overhang is lack of revenue. Despite all the bluster they're still a long way from being self-sufficient and cash burn remains high, so only a matter of time before the begging bowl comes out again.

Will be very interesting to see what auditors have made of all this. If they've not signed it off, depending on how open the company are, first signal of something amiss could be a delay in publishing accounts.

Management must be approaching boundaries of trading insolvently, certainly if they continue status quo. With early Easter, hard deadline for publication is 28th March, failing that suspension the following week. One way or another it has the feeling of an end game.

Considering buying some Applied Digital. Not in myself yet, need to do bit of reading but could be useful offset to Mara holdings. Not so much as a hedge being so interlinked, but my thinking is inevitably one of them will end up getting the better deal on this/other future sites, and I'm heavy only on Mara side.

Also like they've explicitly said they're not doing ATMs, more insulated from miner legislation, and while there's a bit of a gold rush for these sites.