Member Info for krautyankee

I want to know more about the 4 days of downtime. The Mickey Mouse - RNS they released basically said nothing. Why was there no contingency plan in place? Unbelievable and Unprofessional and Unacceptable.

PW is crazy if he really believes that covid-19 was a "hurdle" for the company. With the rigs pretty much always on auto-pilot, minimal staff requirements, and operations running 24/7, if anything, crypto mining is about as "covid-19 proof" as it gets. The Zcash rigs they purchased was the high-light of H1. Using sequential growth % as a PR / marketing metric is worthless, since the company has completely changed over the last 12 months. Lets wait and see what the H2 numbers are, compared to today's. Decent performance but, like most of the other PI, still wondering how will value be returned to shareholders...and when?

Was the DOT investment being carried anywhere on their balance sheet, prior to them "claiming" the 100000?

imaging converting your cash reserves from Fiat to BTC (as a few companies have recently done) and having to deal with this kind of volatility. This is a "real" red flag to BTC going "mainstream".

The problem is that ARB results do not seem to matter. Only the BTC price is relevant. If the numbers were relevant, the SP would be north of 20p.

Unfortunately the SP seems to be only connected to the BTC price; The company's performance (especially compared to "peers") is being ignored. RIOT released their quarterly results, which were not as impressive as ARGO.....RIOT SP is over 4 usd $ a share. Explain to me that one....

Bill - not a bad idea, but probably to no avail; for the most part, yanks will not invest in companies listed in London. I do not know if the electronic trading platforms (e-trade) allow them to. Of course, smart money (MM) buy worldwide, 24/7; but the basic PI is not too sophisticated. Also tax rules and the exchange rate, etc., create a barrier. I would think that Canadians would definitely be interested; Hell, ARGO may be based in the UK legally, and listed there, but all assets and operations are in Canada, as far as I know. ARGO's low market cap makes it appear to be a very small fish; but the accounts tell a different story. The only scenario that I can imagine is another company buying us. All of our competitors certainly know what we should/could be worth. IMO we will be bought out this year. DYOR.

Zcash has also done well in July; I must admit, the purchase of additional kit at the end of June to mine Zcash was perfect timing!

Either ARB pays us a dividend, or a SIGNIFICANT portion of management / BoD compensation is tied to SP performance. I am not talking about share options; "Execs" should be paid a very basic salary, as well as be eligible for a quarterly bonus, based on SP performance, and/or margin % targets. That is fair. Otherwise, PI's are the only ones with skin in the game.

everyone makin' bank....except the shareholders. Definite lack of transparency re. admin costs. The BOD would have to approve any "arrangements" / renting of facilities belonging to company execs. based on compliance / conflict of interest regs. It seems there is quite a bit of dirty laundry that still needs uncovering. I feel sorry for those with several 100k shares that bought in at 7+. DYOR.

Loki- I hope you re-think your strategy over this weekend. If you can still get 700 quid back, then do it. There are many who have lost 20 or 30 times what you will (ST. Valentine's Massacre in 2019). You got played. Move on; you will get over it. If it seems too good to be true, it probably is. I lost about 4k on this turd (bought in AFTER the above-mentioned massacre, and believed the CEO ("We do not believe there needs to be an additional trial").....

The company does not have to comment on anything, deny rumours, etc., only requirement for RNS has been posted a few times here. Since the company has not issued RNS, the action here is pure pump & dump, or, someone is acquiring shares on the open market - reason unknown, but obviously anything nowadays related to treatment of lung infection (bacterial or viral) gets attention. Lots of wishful thinking from most posters, trying to somehow spin the message. This stock needs a good shave, using Occam's razor. Roulette table here, if u ask me.

Ivy, your thoughtful posts last year (before the "final" FDA rejection) were always most appreciated. The "Heroes" from today (yeah, they saw this one coming), since they are "new" Heroes indeed, will most likely lose any profits made today in their next investment, due to their newfound expertise. Even a blind pig finds an apple every now and then. In the end, maybe some us who have been holding, even before the infamous "February Massacre", will be able to claw back enough so as to leave this space with only one, instead of two black eyes.

Pebsi - the company is required to report any material changes to the business. If todays action is based solely on rumor + pump and dump, the company would not need to issue a statement. Of course, they could elect to comment on todays happenings, regardless. If it turns out that some traders or individuals were buying shares, based on "privy" information (non-public), related to a deal soon to be announced, as is being speculated, then they could be prosecuted for insider trading and people could go to jail. . Strange that todays action occurred before a long weekend.... I guess we will find out soon enough

The market determines the SP, not the BoD; If you really believe in the company, then buy more / average down. The SP will eventually come around, when others become as convinced as you are (were), and they begin buying shares. Anything related to BTC is considered high-risk, which I assume you took into account before becoming a shareholder. Those on this thread, already having visions of grandeur ("soon gonna be a millionaire"..) need to take a chill pill. No one knows what the halving is going to do BTC, (lots of "experts" on both sides of the argument). ARG seems to be motoring along just fine....

Some excellent posts lately; got me thinking: GL stated on Thursday, "The FDA *encouraged* Motif to do an additional trial to obtain data (paraphrasing here). What is meant here? (is this more "deceit" / "spin" doctoring)? Using the word "encouraged" could be seen by investors as an implicit suggestion that the FDA thinks Motif is "almost there" / eludes to an eventual successful outcome. This particular choice of words by GL, especially now, is disturbing to me...

Imagine how the poor sods who had their stop-losses taken out earlier would feel, if the RNS (positive) comes out before the Mkt. close and the SP shoots up to 40p......

will Motif be informed via email, or will it arrive via "snail-mail" (US/Royal Mail)?

almost as suspenseful as the last time the conclave chose the new pope (cough..)

This is BS ! All the folks who took the time & spent money to get to this "event", all for naught. Once again, lousy management.