Member Info for MacF1

I would certainly hope we get many buy recommendations. Onwards and upwards!

I'd rather they were not allowed to rate our stock until after the 40days is up and PW can fire out masses of good news and favourable info.

Getting rated by the "experts" with the current SP action and 10 more days of quiet period may well be a terrible thing for us!!

3rd row up from bottom of the chart in my link.

I would trust Nasdaq's own website over a 3rd party one.

Plus - 23rd Sept to 18th Oct is not 40 days.

23rd Sept to 2nd Nov is 40 days.

https://www.nasdaq.com/market-activity/ipos/overview?dealId=1144401-98970

Good post though, OP.

The 40 day news embargo ends on 2nd November, not 18th Oct as stated above.

Yup, agreed, you’re right.

I think we’re all hopeful that a similar thing is happening now with all the new shares finding new homes.

Once that process is complete, a solid foundation will form from which to grow again.

I do not think it will take a year. If BTC reaches new highs and continues, it won’t even take a month.

In fact I don't think I did Chaebolox.......the Timmis sale period dropped the price significantly to the 130p area and there was a pop up the 205 after if I've got my quick scan back over the charts correct.

Anyway - there's no need to nit pick.

Ahh - yea - I may have mixed that bit up. Well spotted mate.

The gist of my posts remain.....selling lots of shares in one period stagnates the price.

In fact - no. If there was no nasdaq listing, we would never have got to 180p prior to it. Simple as that.

Millikino said - "Nasdaq was the worst thing to happen. We would be 180 if listed on just lse with the bitcoin booming! Whats the long term upside...? If the share price isn't linked to btc what's the point?"

Yes, true, but, we would have £125,000,000 less cash in the bank and would be stuck in the market with no growth plans and no Texas facility being built.

People seem to forget this point when moaning about the current SP.

It is possibly a very similar situation to the one we had a while ago when Mr Timmis was forced to offload a large percentage of his shareholding in order to be under the 3% ownership threshold for the Nasdaq uplifting.

That sale of shares kept the SP flat for weeks while BTC was rising. We were all just as puzzled then.

Eventually - it went pop and shot up again.

LottoHopes: Yes, agreed, that's the bit I suggested the MMs can play with to a certain extent.

My bullish thoughts are as follows.....

Due to there not being much in the way of (as far as we know) institutional take up of the new IPO shares, that means that they were all "sold" to the market but it may be that they were not all bought by PIs or IIs yet....

What I mean is.....millions of these new $15 ADR shares might be sat on the MMs books at various brokers around the world, and could still be looking for buyers. So, the MMs have to use tools like naked shorting and 'manipulation', if it's fair to call it that, to keep the price attractive to new investors until all ~85,000,000+ ADRs have been sold.

If this theory is correct, it also means that the MMs are trying their best to keep the price above $15 per ADR as it would be a massive disat=ster for them if the price went lower. So while some of the people on this board think the MMs are trying to screw us, it may be, in fact, that they've been doing us a favour and keeping the price above $15.

That's my theory anyway. It would certainly explain why HUT8 stagnated for weeks before taking off.

I am very much expecting Argo to do the same as HUT and BITF soon. Maybe on or after November 5th which I think is 40 days after the IPO.

THEN FIREWORKS!! (That really would make for a great fireworks night!( UK joke) )

I keep seeing this word, "Manipulation" on these chat forums, but am yet to see a single post where anyone explains just how a stock actually gets manipulated, and by whom.

People seem to think that MMs do it, and I agree they can play a small part, but only due to their requirement to fulfil buy or sell orders on behalf of other PIs or IIs. Do people seriously think there are MMs sat at their desks at Hargreaves Landsdown, IBKR, Interactive Investor, Barclays Brokers etc all scheming and covertly working together to manipulate the markets to their own benefit? Hmmmmm.

Good work.

I’ve just altered your text a bit so it looks different and sent to the same address.

Hopefully they’ll fix the error soon, and hopefully that’ll mean it’s fixed on other platforms like Stocktwits too.

I must add.....the spread also depends on which platform you are using.

If you're on one like HL that charges you ~£10 per trade, then you'll get a tight(ish) spread, but if you're using a "free" trading app like eToro or T212, then the spread will be massive as that IS where they make their money.

As said above, the indicated spread is usually a lot wider than the actual spread.

Like just before close today (as above right now), the spread is 115/125 but if you look at the higher volume trades from the last 30 minutes, they (the MMs) were clearly selling shares at about 119p and buying them up at about 117p. So a 2p spread.

The indicated spread is there as a tool to assess the current volume. Wide spread = low volume, tight spread = high volume.

Nice work Argobull. Thank you.

Fingers crossed ARGO goes the same way as Hut and BitF.

I must say, the current feeling is the same as when that Timmis guy was doing all that selling earlier in the year. We should have been going up with the others but just stagnated for weeks.

I expect that having just created many millions of new shares, (and raised $120m in cash from it, thank you very much) these new shares churning around in the pot must be having a similar effect. They’ll take time to get swooped about until they find new investors who wish to hold them longer term.

Brilliant post @lottohopes. (Wednesday at 23.04)

Many excellent points made.

Thank you.

I wonder how our September gross profit compares to our competitors?

Assume their figures must be way down too, for the same reason.

It's such a shame that the market has not yet realised that our SP is considerably better value than the competitors. I still think that has something to do with many private (Robinhood type) investors not realising that our US SP is for 10 shares, not 1, like the others.