Member Info for Phoebus

WTF? Yet another tiddler doing a mega move on nowt. There have been a few this last week. Amazing, but very odd.

so OTC is already open. Day high over there so far is 263.1p.

US clocks changed yesterday so OTC has already opened.

Agreed. Wish I'd bought more now that you can use quote and deal and liquidity has improved so much. US clocks changed yesterday so OTC is already open. 16.5p paid there already today.

A proportion of their balance sheet? LOL. How much is that then £100K, £200K. An utterly minute faction of the market cap.

https://www.londonstockexchange.com/news-article/88E/movement-in-share-price/14900442

Well I never.

And now they've had to walk back the RNS from earlier.

'it has registered the below trademarks' becomes 'has applied to register the below trademarks'.
'These have been registered' becomes 'These trademarks have been applied for'.

Dreadful. How could you make such a fundamental mistake? If net current assets are indeed around £400K then this mornings market cap reached nearly 150x that on what so far appears to be of little substance. I'm almost warming to OBC by comparison.

I guess you mean the 1880s. Turned up again like a bad penny dreadful. Bet he told Graham Bell, Henry Ford and
Guglielmo Marconi they're idiots. Leave him on filter to lick bits of old paper in a dark room while the rest of the world looks to the future.

If you like NFTs then you should take a look at COIN (COIN.PL on this site). Less than £19M market cap with NFT projects and partnerships well underway, a COIN HODL including BTC and ETH and some DeFi interests.

WCAT merely mentions the word NFT in its RNS today and the stock adds £11M to hit £58M market cap. As far as I can tell they have net current assets of only around £400K and their crypto/blockchain operations as yet have little substance. Shows how cheap COIN is at less than £19M market cap with NFT projects and partnerships underway, a COIN HODL including BTC and ETH and some DeFi interests. Remarkable price imbalance. COIN is clearly in the right sector.

Just a shakeout. We needed a bit more consolidation before the break of $58K to get a strong move as we'd gone straight up, so this is good news IMO.

Very few vanadium plays on the LSE and with the huge rise in the metal since December these have been high on my watch list and today's news was the signal to get in IMO. The huge interest in the electric vehicle sector and the potential of vanadium flow batteries only adds to the attractiveness of this stock. GLA

I'm sure I've been hearing that same story for ages. Usual FUD.

https://www.investing.com/commodities/vanadium-pentoxide-98-min-europe-futures

Yep. The more consolidation we get the healthier and stronger the rise will be.

The rise from $43K has been pretty much straight up so if we consolidate a bit here then the move above the previous $58K high will be stronger.

https://www.zerohedge.com/crypto/hedge-fund-cio-ethereum-now-races-toward-becoming-foundation-new-global-financial-system

https://www.zerohedge.com/crypto/hedge-fund-cio-ethereum-now-races-toward-becoming-foundation-new-global-financial-system

Liquidity is continuing to improve noticeably and just the other day Barclays started to allow direct quote and deal to buy and sell and their liquidity was very good. As the bull market continues I expect more and more people to be drawn to KR1, more brokers to offer a quote a deal service and trading volumes and liquidity to continue to increase significantly. This will only lead to more resilient market making and a stronger SP. I have been critical that we needed to get listed on the LSE, but with these constant improvements the liquidity is already better than quite a few LSE listed shares I have come across and it's starting to feel more and more like a de-facto LSE listing.

Indeed. KR1 is a really awesome stock and I have a much bigger holding there than in COIN, however COIN offers the only UK-listed exposure to NFTs and this sector is really starting to explode. COIN also has a fairly decent crypto HODL portfolio including a chunk of BTC and ETH plus some DeFi interests. Unlike some stocks that have jumped on the crypto bandwagon by dropping a few choice nouns into their recent RNS statements, COIN is a proper bona fide crypto/blockchain stock. It's been well off people's radar, but I think this is about to change big time. Well worth investing a few quid as part of a UK listed crypto/blockchain portfolio IMO.