Member Info for mysteryguy

Yea im back guys lol.

Tomorrow high 0.23, low 0

18 and closing 0.21

It's not an educated correlation rather just an actual correlation itself that is an actual fact. Take it as you will but I though I'd highlight our current position now compared to previously. of course various factors are playing into that most noticeable our sale of our Helius facility.

15July 2021 Bitcoin was 30k and Argo was 1.00
5th June 2022 Bitcoin was 30k and Argo was 50.00
Today Bitcoin is 30k and Argo is 14.00

Argo's financial restructure and the selling of Helious only gets us out of muddy water until the end of this year after which further dilution will inevitable be needed which in itself tends to worsen our alignment to the price of BTC. My concern is that we arent anyway near the 4 year halving with the next super surge to follow...

I'd say we need a minimum of BTC to reach 150k for Argo to get back to £1 and that's without any fund raising. Dog *** company with many of us trapped here. Oh well lesson learned

Might hit 15p but will be a lot of sellers waiting to offload this dog **** company so any momentum will be halted.

It's easy to get carried away after a little spike in BTC but lets be realistic BTC isn't going to hit any new highs this year and noor is Argo. If Argo approaches 40p I'd be suprised and will personally consider selling a chunk even at a loss.

Can be rest assured Argo will continue selling BTC soon as they need cash for the team. This is nothing more then a cash cow for the board members. Also doubt we will see anything past 30p this year

Told you M Peterson you cretin

Currently suspended will open with a huge drop 1-3p before trickling more down and the voila administration

I doubt we'll get past Q1 next year without this going under. Peter Wall hiding under a rock like the true coward he is.

Shame on you Peter Wall and all the other people involved in promoting this parhetic ponzi scheme for their own benefit. People like Peter Wall should be in prison what an absolute ***** but instead he will walk away with a nice pay out when Argo goes under and will take up another role as a CEO. Disgraceful.

I feel for everyone here including myself currently batling the idea of having to face the inevitable that we are loosing all our money.

Lesson learn from me is to stay out of the stock market far too rigged for me. Ive also started to realise the scam Bitcoin actually is.
I mean you buy BTC with Fiat currency on the premise it will go up in value. Have no idea how blockchain even works and then sell it to get Fiat currency again to actually buy *** with. Scam scam scam

Yep pretty much.

If something is good enough it doesn't need to be constantly ramped up so that's already a red flag

Chaebol - you can't beat good old Fiat Currency. All this crypto is just an unregulated ponzi scheme designed to fail. Scam alert

https://youtu.be/bS8CP1A6OCQ

Mass sell off's. People de-risking from this company. May see bigger fish taking a bigger bite but for now we are overprice. Ie if BTC were to stay stagnant in the coming months we would trickle down to 5p our default price.

And why would he lie? Lol

If you look at the price of Bitcoin since around Mid June you can see we are currently at the mean average across the 4 months and yet we have tanked almost 80% and we haven't even seen the low bottom of Bitcoin yet.
Argo's future is hanging by a thread. Largely dependent on obtaining further loans and they will still need to continue selling massive amounts of BTC at rock bottom prices.
We are headed to a scenario were we will aquire huge debts and have virtually no Bitcoin to cover our Opex and could quite easily becone bust.(worst case)
And the best case is we survive this bear market and in years to come we may get back to £1 but by then Bitcoin would need to be north of 150k .

The only way Argo can survive is if Bitcoin took a sudden turn and spiked up significantly but sadly this looks unlikely. Argo can't sustain itself with Bitcoin in a bear market and will be stripped apart. Very sad times for us all.
Even if Bitcoin did take a sudden spike up we would be nowhere near our previous highs.
Ponzy scheme comes to mind.

That's it now it's over. Soon as BTC hits 10k we are done. I suspect they will also be a big scandal and revelation on all the fraudulent activities PW and his team have been involved in. Definitely some BTC and cash gone in their pockets on the sly. So we are now at 19k BTC and 19p with 512BTC left jeez. Alarm bells

Hodgey66 - stay strong to old man. I hope you aren't to disgruntled at the massive sell off on pension funds. You've still got the state pension for your years of service from working and who knows Argo may infact suprise us all :)