The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
@Theeduke absolutely, looks like an amazing company which will impact GILD and BLU, going to be huge. LTH here, it's going to be worth the wait!
This is absolutely huge, it bring more mining power back to the Western world from China. Mining pools are very profitable for those that run them. It also allows ARB and DMG to decrease outflow as they won't necessarily cash out at the same time as other huge mining pools such as F2pool. Lastly, could we be getting in with DMG to maybe look at taking over when this bull run ends? Smaller miners may need to shut off when the BTC price drops 85%, maybe a future acquisition. Food for thought but PW knows what he's doing. GL all!
Interesting... I reckon many of his followers will invest in BTC now
https://metro-co-uk.cdn.ampproject.org/v/s/metro.co.uk/2021/03/19/martin-lewis-advice-on-bitcoin-should-you-buy-it-14271376/amp/?amp_js_v=a6&_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=16162254603560&csi=0&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fmetro.co.uk%2F2021%2F03%2F19%2Fmartin-lewis-advice-on-bitcoin-should-you-buy-it-14271376%2F
Good find Stevek1972, maybe but wasn't the money raised for that on the prior offering?
It's $5 million not £, under section 10 it states: Forward triangular merger involving Issuer's US subsidiary.
https://www.investopedia.com/terms/f/ftm.asp
Section 9 just says equity, that's just to show how the funds were raised, nothing links this transaction to Texas though!!
I believe it's a shell company purchase or maybe a buy out of Layer1... just speculation at this stage but I posted it over on Stocktwits to see what they think.
HHMMMM whats PW up to ?? seems we are purchasing something for $5,000,000 https://www.sec.gov/Archives/edgar/data/0001841675/000184167521000002/xslFormDX01/primary_doc.xml
https://www.investopedia.com/terms/f/ftm.asp
Could we be purchasing a shell company to speed up NASDAQ listing? I would appreciate other people's comments on this!
MODernMan you should check out Phemex, no KYC requirements for smaller deposit and withdrawals ;)
MODernMan can't you just limit in and out of orders? Effectively it would work as a stoploss and you could just adjust your limit order? Just a thought
StockScreenerHQ, that's correct. The only way to do it is buy at IPO, when you receive your shares in your dealing account you would then need to do a bed and ISA.
I forgot to put the 0. in front haha
Sorry I'm going mad, calculated it completely incorrect... Ignore me, I'll just go and sit in the corner and rock back and forwards! lol
Just be aware the gains look good from primary bid but they aren't necessarily all they are made out to be, I had 1k allocated from primary bid and bought more today on open, the primary bid are in my share dealing account but the ones I purchased today at 19.8p are in my ISA, as I'm higher tax payer I would be subject to 20% capital gains on the primary bid shares, the ones held in my ISA I have no capital gains tax to pay. Anyway, SP is looking good and heading in the right direction, I expect it will come down a bit once the initial buzz slows... Initial market cap of £25 million yet over 500million shares, based on current SP that gives the company an MCap of over 1.2 billion, be careful and don't get caught out at the top!
The miners using F2pool should boycott and switch to other mining pools based around the globe rather than in China. Bitmex (the dumping ground) along with other exchanges should ban their wallet address so they cannot accept outflow. Everyone involved in BTC should rally like crazy on BTC so that they liquidate their short position, maybe get WSB involved (not ARB not actual BTC). Make them pay for what they are doing so that they realise they are unable to control the market like this again. Just my brainstorm of thoughts haha. In all seriousness, we will hopefully be through for February... Same time next month.
This BTC crash wasn't a correction, it was a mining pool dumping leveraged x 100 BTC on Bitmex! This is absolutely crazy! Manipulation at it's worst form, mining pool attempting to be the hedge of BTC! https://twitter.com/CryptosR_Us/status/1364280147080339460?s=20
Please tell me your kidding ... CLP is nothing more than a trailer with old ASICs in... Look at the pictures on the site ... I'd say best stick with ARB unless you like investing in a firm with only 27TH/s http://www.clearleisure.co.uk/investments/miner-one.html
The reason it started falling: https://bitcoinist.com/calls-for-bitcoin-plunge-emerge-over-mysterious-1-5bn-btc-transfer/
The reason it continued falling: https://cointelegraph.com/news/fuel-for-a-broader-bitcoin-rally-btc-dip-fills-futures-gap-liquidating-1-billion/amp
We actually mine 5% of the global supply of ZCash, this equates to 180 coins a day, current price at $178 so that's approx $32k a day, approximately $961k a month or £685k in gbp, roughly £8.2million a year revenue or 144 extra BTC a year based on $57k BTC pricing.
Correct me if I'm wrong, I believe the 400million shares are publicly available, the higher number of shares are includes insider, initial investment and IPO. I could be wrong here though.
Bella6532, if you watched the YouTube videos, PW mentions some of the capital being raised is to also go on the companies float and will be used to pay for part of the Texas expansion, so not the shares but the cash generated from the shares. Also, ARB is OTC and full main market listed (not AIM) just an FYI.
This is pretty much as high as we are going to get now until we have our hashrate upgrade and new NASDAQ or NYSE listing. We have nearly 4 times as many shares as our competitors so that's why everyone else is doing well and we're not moving. Stay strong and hold long, I expect better news imminently over the next few weeks!! lets just hope BTC holds up for us.