Member Info for snicklin74

In general cryptos are flying: https://www.coindesk.com/data

Just above $8k and Hive up over 8%, back on the upward trend tomorrow.

Same here Dan but I'm not a large holder in the context of money but in terms of investment it's 40% of my funds.

The upwards momentum is there just as the trend has been down, all the pieces are in place and the financial environment is positive, directors buying, company share swap, first big customer, overpaid director stepping down, new board member coming onboard, large shareholder now supporting company and looking to 'help' us in the right direction, BTC near $8K and we are waiting to sign up more financial institutions.

Definitely got legs now and on the up to 10p+ short term, slight pull back on Friday was to be expected but what with BTC back to $8000, new share swop and up to $1M monthly customer, this could quite easily double again this week.

Is expected with Cryptos down after a good run and with the share price doubling within a week, mind you ask is still 7.5p.

Expect the upward trend to continue now after the amazing news this week.

Interesting times ahead, can only see this going one way.

There has been little if no movement on VELA even though ARB has nearly doubled, a direct investment in ARB would have benefited investors as opposed to staying with VELA.

Didn't VELA buy into ARB at 8p?

https://investegate.co.uk/argo-blockchain-plc--arb-/rns/gm-statement/201905161257492977Z/

Further to yesterday's announcement Argo, a leading UK-based cryptomining company (LSE:ARB), confirms that at the general meeting convened earlier today, 16 May 2019, an indefinite adjournment was approved on a show of hands. Accordingly, Mr. Jonathan Bixby's resignation as a director has now become effective.

http://www.lse.co.uk/ShareNews.asp?shareprice=GVC&code=i17vcbnt&headline=UPDATE_2GVC_sees_lower_earnings_hit_from_betting_price_cap

GVC sees lower earnings hit from betting price cap

Always good to take a healthy profit, I'm near break-even but will continue to hold till 10p at least.

Loads of positives now, IPO was at 16p with a lot of II in at the 8p level Pre-IPO.

The story here has just got legs!

Can't believe with BTC at just under $7000 that ARB are still at 3.5p, that's some major disconnect especially with the cash the company has, lots of room to turn this around when the voting/uncertainty has finished and the business back on track.

IF the vote does go through the crypto business should be left alone to mine coins, it should pay for itself quite quickly, Bitcoin has gone from $3300 to $5800, we should have had some decent exposure to this increase.

I don't want the remaining funds to go into oil, gas or gold, I can buy into specific companies directly if I want.

Agree, I bought in on the exposure to the crypto market, it was never going to be a short term investment.

However the Directors need their wages cut big time.

The company should have continued with the packages.

The majority of the money is being paid to the Directors in wages and fees,this is the only reason WHY this company would FAIL, remove that and we should be fine.

Without this MAJOR drain ARB would be an even better investment.

https://www.investegate.co.uk/argo-blockchain-plc--arb-/rns/final-results/201904171439505277W/

On 15 February 2019 announced a strategic refocus involving a temporary closure of the MaaS business in light of continuing tough industry conditions and a shift to mining for the Group's own account, which is expected to be EBITDA break-even from the second half of 2019.

· Cash of £15m as of 31st March 2019

Commenting on the results, Jonathan Bixby, executive chairman of Argo, said: "The results reflect our first year's performance from start-up and were better than our expectations. In response to challenging market conditions the Group has taken prudent steps to transition its mining business to ride out the current downturn and position Argo for new opportunities being presented by the downturn. As a result the Group expects to turn EBITDA break-even in the second half of this year, which is earlier that its original expectations at the time of flotation, while also stepping-up investments in both its existing infrastructure and new mining capabilities to create long term value for shareholders."

Don't think so, they are not happy with the management, they want more value.

A bit like football managers, lol.

As you say 5p in cash but currently only valued at 2/3 of that.

They could return 5m to shareholders via a 1.5p a share payout and still have 10m in the bank?

With Bitcoin now $4100+, interesting.

https://www.investegate.co.uk/argo-blockchain-plc--arb-/rns/requisition-notice/201904010700065792U/

Argo announces that it has received a shareholder requisition notice from Lynchwood Nominees Limited ("Lynchwood"), a shareholder holding in excess of 5% of the Company's voting capital, to convene a general meeting at which resolutions would be proposed to remove Jonathan Bixby and Mike Edwards (and any other director appointed on or after 15 March 2019) as directors of the Company and to appoint an as-yet unidentified person to the board as a director.

Hey presto!

Cashregister's post is one of the most realistic ones on the board.

Beware the rampers!

The market doesn't agree with you.