Member Info for jayblu48

It has not been just Timis selling, if you add his holdings to Hadron, Trium and Ironport that would have been around 74 Million shares, then there would have been some flippers from the placing, so we have held up quite well and support at the lower levels is holding, so to my mind being absorbed. We also know they had less than 40 million between them as at 15th of March but may have been some time before that. How much they have left now is speculation but average volume is around 7 million per day. I have been quite happy to average up at these levels as similar to last year when we dropped dramatically (Chang I think had to sell) their sales will eventually dry out.

RTNXF is OTC not Nasdaq and for some reason which I can’t be bothered to find out PureTech is showing as listed on OTC and Nas,

because his shares aren't going to one buyer

hits $200, can't be bad, GLA

I concur with BodRuncie (assuming maximus decimus meridius etc. ;-)

Xenor - also taking their profit have been Hadron Capital, Trium Capital and Ironport Blockchain, added to First Investments it equals around 73 million shares, that's a lot of shares being absorbed.

Yes, we can confirm from the latest information that we have, as per the significant shareholders' section on our website that First Investment Holdings no longer holds more than 3%.
We are proud of our dedication to transparency, and encourage all to visit our FAQ section and our investor relation page to see all press releases. As well, we maintain regular communication via Twitter.
Regards,
The Argo Team

Those of us who have been here a long time will recall we had similar sales and moaning last April/May when 1219626 BC Ltd (Chang?)and others were selling. It will eventually end as it did last year, hopefully with the same massive rise in price.

will let you know when I get a reply from Argo,
re valuation, Simplywallstreet don't seem to value Mara either
MARA
"RISK ANALYSIS
Highly volatile share price over the past 3 months
Shareholders have been substantially diluted in the past year.
Does not have meaningful revenue ($4M)
MARA is unprofitable, so we can't compare its PE Ratio to the US IT industry average.

I did Google it and couldn't find it, why not just post the link?

I wrote to Argo and asked them for the Significant Shareholders page to be updated, which is what they did. If you have a link to your findings I will contact them again.

Not according to Argo website.....
As of 15 March 2021, as far as the Directors are aware, the following shareholders are Company Directors or interested in 3% or more of the issued share capital of the Company.
BLOK ETF (Toroso Asset Management) Ordinary Shares: 14,044,537 % of Share Capital: 3.68%
Peter Wall Ordinary Shares: 1,045,000 % of Share Capital: 0.27%
Matthew Shaw Ordinary Shares: 137,289 % of Share Capital: 0.04%

Steve88 - Timis has sold all his shares or owns less than 3% price, so price has held pretty well.

they are selling for various reasons, we know Edwards is starting another company, but over 30 times your initial outlay is not a bad reason

For some clarity these were the previous disclosed substantial shareholders.
First Investments (Timis) 41,000,000 13.99%
Hadron Capitol 13,548,000 4.61%
Trium Capital 9,750,000 3.32%
Ironport Blockchain 9,000,000 3.06%
None of the above have reported TR1's but are no longer listed as holding 3% or more.

Tedoby - Timis owned 14% through First Investments

FSA are a waste of space, selling without a TR1 has happened many times with other companies, seems like Timis goes by his own rules, either way he has sold to under 3%.

There are 3 tiers.
We seem to meet Tier 3 - The Nasdaq Capital Market: Financial and Liquidity Requirements
https://listingcenter.nasdaq.com/assets/initialguide.pdf

remember PW sold 1,400,000 Argo @ 29.5p so it does not always mean something is wrong.

Interesting..... https://stockhouse.com/news/press-releases/2021/03/31/dmg-blockchain-solutions-and-marathon-digital-holdings-enter-into-definitive