Member Info for K3VMC

krautyankee

Yes, the 3p initial raise was satisfied by $DOT which were worth $75k when mined, but the 6p raise was about £7.3m, from memory. Anyway the 10x is just based on the PD view of how the TSXV listing will go, so I reckon the amount they paid initially isn’t that material when you are looking out that far and with margins for error. But you are right, we paid buttons for the initial 25% holding.

Caddor38, we paid about £8m for 24.65% of Pluto. The terms of the rt valued PD at £96m and NFT at £40m. PD gets access to £30m cash, of which they have taken £5m upfront to invest in DeFi projects while crypto valuations are low.

I don’t doubt that PD and ARB share investment opportunities, but PD is now investing heavily in gaming featuring NFT and blockchain, targeting 2.5 billion gamers worldwide.

As a PD shareholder, I’m buzzing at the advantages of this deal. The NFT application to list in Canada means the IPO will be sooner and smoother than if PD had to apply to TSXV from scratch.

PD is confident that the IPO valuation will be 2-3x the current combined mcap of £136m. Split the difference at 2.5x gives mcap of £340, with ARB’s 24.65% worth £84m. That’s a 10x roi and about 18p per share.

Good work PW.

CaneToad

“ Crypto must now be the most lucrative activity going for gangs. Move money directly from joe ordinary into their own pockets and keep that going for a decade!”

Really? Do you include btc in this? I think there is much more fraud in credit cards.

“ Written By: Security.org Team | Published: November 16, 2021

Credit card fraud is an unfortunate fact of life, with hundreds of thousands of Americans falling victim each year.1 This multibillion-dollar crime became even more common during the first year of the COVID-19 pandemic. It's expected to grow as people continue to rely on online shopping and social media, creating many opportunities for scammers to snag their personal information.”

flowerpot999

“I think pw might have to swallow his pride and fill helios with anyone miners.”

Nothing to do with pride or vanity. What do you think TerraPool is? It’s a mixture of Argo miners and non-Argo miners. That has ALWAYS been the plan!

Hexam, I have to say, you are spot on with the detail, as usual. I know we have disagreed on profitability, especially regarding depreciation, but I’ve always got respect for your research.

Hexam, yes that sounds reasonable. I’m frying other fish at the moment, so just took that figure from my broker a reliable and an exit for me, at 150% over the past 9 months or so.

So Argo is up £16m on the deal, but I’m sure they will be staying in, as will I.

According to my broker. No idea how that is worked out, but he reckons I will be able to sell for 14p. I wanted some NFT.PL anyway, so will probably hold.

PD gets the NFT.PL cash pile of about £30m and a couple of decent investments already made.

I’m guessing ARB, PIRI and RGO must be supportive, although our “transparent “ board are typically uncommunicative.

MrBB

“I hold shares in RGO & PIRI & used to own shares in ARB.
Clearly Bixby & Wall are the prime movers in todays RNS & it will be interesting to see whether RGO & Piri will support the acquisition,which ARB clearly will.”

I hold shares in all three. I would be holding NFT, if I had had the cash.

I wouldn’t support this deal. Pluto is worth twice the price, minimum.

Pluto is a steal at £96m, but it’s still a decent profit.

dreamingof

“ The issue is I fear that the proper due diligence wasn’t carried out”.

What do I know that they don’t! I like that. Punchy and in the first paragraph, which is as far as I get.

When there’s a sell off, we always have “what does the seller know that we don’t”.

Dreamingof

Impressive word count.

flowerpot999

I’m going further south as I get older. Any time I miss the promised land, I look at the weather forecast.

I will happily share, after I have taken my positions.

flowerpot999, I can guarantee you are not Scottish.

I’m making French onion soup. Then I’m going to make a Helles lager. Never made lager before.

Not at all nervous about btc or Argo. If you can’t handle a little bit of up and down action, don’t invest in stuff that does that.

It’s not rocket surgery, is it?

:-))

Shorts reduced to 3062btc and price increased by $600 within three minutes.

I have zero Bitcoin and not that much more cash. If I had cash, I would be buying now, not selling.

Anyway, we are all bit players here, so let’s just chill and watch.

:-))

3269btc

Xenor

“ Whatever happened to $300k bitcoin and £10 a share by Christmas that I was led to believe when I bought in the March spike?”

I’m not sure if that is a lie or a fantasy. My strong hunch is that it’s a lie, but I’m sure it’s one of the other.

Life goes on, even when investors are panicking about btc price.

Pluto Digital may have picked the wrong day to publish the YOP 2.0 Whitepaper, but it arrived in my email yesterday. For anyone interested, you can find it here.

https://yop.finance/wp-content/uploads/2022/01/YOP_Whitepaper_final.pdf

I have only skimmed it so far, but looking at the timeline on page 22, it would make sense to me for the IPO to happen in May / June, after the YOP 2.0 public launch.

My current view is that Pluto will be worth 20p+ to ARB. I’m not sharing my figures, and this is only my opinion. I am posting it for the purpose of entertainment only. :-))

Nothing wrong with property for investment. I just got tired of drug dealers, stabbings, vandalism, arson, bad debts and just the one murderer.

HarChris, but what’s the point, if you only have a tiny holding? Or does size really not matter?