Member Info for Phoebus

Originalharrystamper, I agree with your analysis 100%.

But not negative £1.25M.

The breach of the Dec 2017 ATH for BTC was a major buy signal for crypto assets as we start to see major multi-year break outs across the sector ready for another major parabolic move higher. ARB is the de facto crypto investment vehicle on the LSE and was always going to see a huge surge in buying at this juncture with or without the US listing. Better access for US investors adds even more fuel to the fire just at the perfect time for what is shaping up to be one hell of a ride. GLA

https://www.zerohedge.com/news/2020-12-29/why-m1-money-supply-cash-skyrocketing-no-time-history

Hole in one on a PAR 9 coming up.

Bonkers? Wait till it start going parabolic on a log chart. FOMO is coming. :D

Seriously, stop worrying about CEO's share dealings. They're irrelevant. Bloke made a nice profit before they expired.

Is the ARB SP geared to the price of Bitcoin? Yes. Is the BTC price going up? Yes, it's rocketing. Will BTC crash because ARB CEO did a cashless exercise of some warrants for a profit before they expired whilst maintaining an unchanged shareholding of £180K? Nope. The price of BTC doesn't give a toss and will keep rising. Will ARB SP keep rising with it. Yep. End of.

BTC now almost 20% above the level it was when ARB gapped up on LSE open last Tuesday.

on Monday morning if BTC continues to move like this. Hope nobody was suckered into selling any last week. Huge upside here over the next few weeks and months. GLA

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I'm sticking with my prediction of $32K by Monday LSE open and reckon we'll be around $45K by the end of the month.

$30480 already. Rocket Ronnie. That's 15.5% above the level it was at on the open this last Tuesday when ARB gapped up big time. ARB SP should advance significantly following this weeks consolidation.

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Only 7 minutes till 3.5 day holiday. $31K+ by Monday?

He may already have a high enough percentage of his net worth in ARB. Never go 100% on anything regardless of what you think you know.

Note that his shareholding remains the same after the warrant exercise and share sale. Company has an extra £1.82M though. Guess we can target an even higher PH with the extra cash to mine even more BTC at just the right moment in the cycle. Perfect.

It will have cost a lot of money to exercise those warrants, which he may not have had, so in effect it was a cashless exercise of the warrants before they expired to make a profit. EVERYONE would do the same if the warrants were in the money. Interesting that they were sold at roughly the week low. Guess they were part of the reason for the dip, but they are now already sold so no overhang.

whilst LSE is closed and ARB cannot be traded. If BTC continues to move as anticipated there could be another large gap on Monday. GLA

My guess is the warrants were exercised now as they were in profit and about to expire, so it was a case of exercise or lose the profit. No brainer. Share sale was by same guy. I guess the share sale was to cover the cost of paying for the warrant exercise. All looks bullish to me.

Excellent news. Could be used to add capacity.