Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
People have to understand we have a seller that had over 10+% holding in this company and now he has under 3% (we think).
For some reason (hoping regulatory but might just be he thinks he can make more money seeding something else than leaving money here)) he is selling out ~40m shares.
Now he does not want to crash the market - not in his interest, so lets say he drip feeds in 2m shares a day @230-240p. That's 20 trading days or one month of a wall of sells.
More likely he's drip feeding in 1m a day to really not create any waves. That would be 40 trading days or TWO months of selling wall. Maybe something in between.
I think this is exactly what we are going through now and you will soon notice the day he stops selling.
@D2C2
"Word has it sellers shares dried up, anybody hearing rumours?" is what you said.
Putting aside your patronising reply:
"Word has it" implies YOU have heard a rumour - then you ask us if we have heard said rumour.
You were then as ked , TWICE, what you have YOU heard , as in "Word has it" your words not mine.
So I ask again
What is this 'word' you have heard?
Take your time to answer because we both know what your intention was then ;-)
D2C2 - you got any evidence about your comment about seller drying up or you just chucking hopeful wishes out there trying to imply there is some fact involved? Will be filtered if you cannot back it up.
Thanks for that ArgoBull.
actually thats a good question to ask at Q&A regarding what the y do with ZCASH. Now they have cash in the bank they do not and should not be selling ZCASH. The HODL says bitcoin *OR* equivs which implies they still have coins other than bitcoin in it.
I hope they have not sold any ZCASH mined recently due to the massive price rise in last few weeks.
Is the poster who said they sell it to pay for operations or the other one who said they convert it to bitcoin correct or guessing - or are they HODLing it too?
https://twitter.com/MylesMcNulty/status/1379694475572879367?s=09
This is a good thread with some pretty good analysis that tells you how undervalued this is. Worth a read to those who need reassurance
actually its good. Gives us a chance to get ISA filled before the news breaks tomorrow (normally a Wednesday)
https://www.youtube.com/watch?v=66o9aaxwBUg
every time he speaks about his tick boxes for a bitcoin miner investment I just kept wanting to shout Argo! at him :-)
Honestly, listen to what he's saying about about all the other investors lining up to get involved with ONLY green, virgin bitcoin miners...
Peter Wall is waaaaay ahead of the game here... again.
https://www.youtube.com/watch?app=desktop&v=uykUWtB3MHo
covers a few topics - well worth a watch just to see how excited the man is about everything:-)
Zcash ripping also
https://www.kitco.com/zcash-price-charts-usd/
Guys - just chill until the March numbers come out - look at Zcash popping :-)
if you want a good comparison between the main miners - you really should watch Blonity's weekly miner comparison video on youtube - gives new update every Sunday.
Here is the latest one:
https://www.youtube.com/watch?v=wEgz0VndKsA
He's really very good.
They try not to sell any of the coins mined.
So for example, I estimate 150 bitcoins mined in March.
Mining cost of say $9K per bitcoin.
so 150x$9k = $1.35m.
This is why they need cash for operations else they would have to sell ~23 bitcoins per month @$58K to cover the expenses of mining 150.
If you think bitcoin is going to continue to rise in price, you would spend fiat, not bitcoin on expenses.
RC - great post/link - I am convinced this is a stellar move for Argo and anyone else jumping on their bandwagon. Green is everything now and will differentiate us from the pack. They will all copy. Argo ahead of the game as usual. Not far away Argo will get mentioned by the people on that panel - then boom
March Futures do not expire until 4pm London time TODAY.
ACtually google is my friend:
https://www.investopedia.com/tech/how-do-mining-pools-work/#:~:text=Pool%20members%20are%20rewarded%20based,keep%20the%20reward%20distribution%20fair.
"Before deciding to join a particular pool, miners should pay attention to how each pool shares its payments among members and what fees, if any, it charges. Typically, pools may charge between 1% and 3% as pool fees."
If Argo and DMG own the pool, and they are encouraging other to join them, would they get any revenue from that?