Member Info for jamrock

No RNS or anything to shore it up. Drifting lower everyday

Crazy share price swings on next to no volume!

Davand
These are ready to move much higher

Let’s see how FG does and I just care about him delivering otherwise I see us just drifting. The markets are sensitive to news and from watching other companies are selling into any good news. I just hope he drops news because that’s all that matters.
So called crypto experts have such wide and different valuations and metrics to value it you have wonder really what is the true value.
Who knows 12 months from here.

Hemo
The amount dilution is so ridiculous and the board so desperate now

USA consider reintroduction of tests on Chinese travellers as infections rocket.
How will all this pan out

Jambone
I do agree he needs to make an announcement and
A rerate would follow but until then it’s pure speculation. I hope and want to believe he
will deliver but he knows how important it is
to the companies survival so the longer he takes the
More the markets lose confidence

Jambone
You can’t say it failed because it was a scam company. I’ve argued that it was Ponzi for ages but we just don’t know which company is fully legitimate without regulations.
FTX proved the so called analyst and institutional investors were duped which is a real worry.
Argo blockchain showed how easy it is to destroy share holders value.
Qbt could be a winner and nobody wants to believe that they also need to produce the goods to satisfy investors. It’s simple it’s as big a risk than any other until we get contracts and facts

Pedrobull
Some analysts predict bitcoin at $5000 in 2023 and some say $250000. This is clearly miles apart which demonstrates nobody really knows in my opinion.

Pedrobull Unfortunately crypto does have a direct link because the success of bitcoin helps cement qbt because the concept of QBT is to save costs In producing a bitcoin and saving on energy use. If bitcoin falls and if at worse case it failed then the
QBT technology demand will subside. I think the
Quantum blockchain technology is and will be essential but it definitely needs bitcoin to succeed. My fear is everyone thinks Bitcoin is too big
To fail but look at FTX. If markets take
a few bitcoin is overvalued you can not
bet against more big companies going bust. Argo has kicked the can down the road but not out the woods
Yet.

Scharnhorst
I do think we need an update from MHC regarding ongoing sales etc. The silence isn’t helping the share price. I personally have been a long term believer that MHC will continue to grow but I need figures to be reassured otherwise I’ll be left thinking something is a miss without confirmation

Davand
What’s your share allowance

Davand
The share price is up again today nearly 6%
The only way to go on this is take up the share allocation. Nearly 20% premium to diluted price so averaging is the only play in town to recoup losses for LTH. Talk of court action is waisted energy

https://uk.finance.yahoo.com/news/london-crypto-firm-argo-sells-072638910.html
Interesting to see how the market reacts

Davand
Reynolds didn’t oversee this 84% discounted offer at YGEN so I would prefer him to current board over there

Scarnhorst
Adam was chairman at YGEN before he stepped down to become a Non Director. So I hope he can offer us some insight to the situation.

If they couldn’t make money out of Covid tests what chance of making money do they really have. I thought they may get a takeover offer but maybe potential buyers will take the companies assets in liquidation for a nominal fee. They clearly had huge revenues and blew the cash less than a year so 6m raise is a token gesture and even though I’m invested it’s a wild punt and nothing more without contracts news

Hemo
YGEN have discounted shares 84%. Not even Christmas cards get discounted that much in January. This wasn’t a discounted offer it was a desperate raise for survival. It’s amazing that any board can survive after that dilution and give that they had revenue of 37m earlier in the year can someone explain how the money has been spent. It’s a totally and utterly grave miss use of funds but nothing anyone can do. Do we think 6m lasts these Directors 12 months with there cash burn. Then they pile in at less than a third of a penny. Why not get it away in November. Clearly they are criminals but nout anyone can do. Look how much of the company they own now. Disgusting and clearly they think share holders are mugs. Simple.

Davand
You could argue YGEN only exists because MHC know how to sell there tests. What would of happened without our Revenue

Davand
Funds should last 12 months according to documents!
Are these the same people that said it was undervalued and the diluted the company the next month.