RE: ARB limited offer - Primary Bid App only8 Mar 2021 23:09
Eva - just to add, Pluto (incorporated in jan 2021 and based out of a lawyers office- I checked the register at companies house) is now doing second round of raising of 20+ million, so they need 7 million to keep 25% of the shareholding. That’s the rational for the £7 million, where’s rest of the money going?
My biggest concern is that they have no plans to sell any bitcoin, then where will the cash flow cone from. Are they going to continue to just raise.
It’s like a gold miner, digs up gold and then just hoards it and never sells it!!