Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Based on mcaps of our peers and what discount the IPO was set at this should be getting smashed out of the park by now. Especially with BTC racing North, churn of shares shouldn't come into it they should be flying off the shelf! Nearer £2 if you ask me.
You say huge dilution how else do you expect the company to expand and grow? PW believes that BTC will go up substantially in the future it would be stupid not to Hodl. Had we IPO'ed at $18.4 that would have been only about 14m less shares in issue, what's that between friends? That would of looked good wouldn't it not even holding the price of the IPO because no doubt the Sp would of gone down. Where would be the attraction in that?
I'm afraid you'll have to swallow the dilution if you want to see real growth. It's not as if it's like some AIM listed companies i could mention, diluted to oblivion every couple of months and see FA for your money lol. We are now on the biggest exchange in the world, the cash is being spent wisely and ARB will grow exponentially.
Um! For whatever reason BTC price isn't being reflected in our Sp i can only think its the overhang from the 20% odd dilution. It pretty much was that way before the Nasdaq sentiment fully kicked in. Obviously BTC price is relevant and will drip down/drive the Sp soon enough, it has to revenues and profits will start to soar and the Sp will reflect this. Like any discounted dilution you'll always get some selling for a measly 10% or so until the shares find sticky hands.
Dilution isn't always a bad thing if you can see past your nose. This has the potential now to go much much higher!
If people stopped selling for peanuts here the supply to the US would dry up. Catch 22 they see this not moving much and sell regardless.
Exactly that Fireblade, lse are now the sheep.
Thanks Eddie, i nearly missed your reply it was somewhere amongst the 300 or so posts about John lol
is better than over the pond since the IPO, what will it take to kickstart the recovery? Good RNS, BTC up etc etc. We closed higher than the US its hardly profit taking and they've got heavily discounted shares what's not to like? The US are a drag if anything looks to me like the Sp wants to go much higher here but lse are sheep.
Lol he's taking the p/ss if you ask me, another one for the filtered bin!!
I get what your saying but doubt anyone a BB would know that, it's a question for PW.
$43.4k now
Yes it's holding up well there is huge support 39.6k/41k, I think it's bottoming out personally.
From the launch of the public offering the Sp was £1.33 taken from the last closing price, the actual pricing was around £1.09. Had the price been £1.33 it would of raised an additional $26m, that said to attract institutional buyers it has to come at a discount. You could argue that most of the gains in the Sp post the proposed launch was solely due to sentiment about the Nasdaq. PW has no control over this. There are alot of variables that need to be taken into account when pricing an IPO, chiefly the BTC price. Its fallen from the highs and seemingly stuck in a range atm. Where is the attraction whilst there is still uncertainty surrounding its price? If you price these things too high it doesn't look very good on the first trading day.
I'm not entirely sure as i don't have any access of info/or the time but didn't we file a registration statement on August 20th, therefore the quiet period ends this Thursday?
PW doesn't care about existing investors that's rubbish imo. To start with the Sp got ahead of itself that's not his problem, BTC also came crashing down again out of his control.
Jeez this raise hasn't been much different to many other companies I've been invested in over the years. It's raised a significant amount of money that we needed and the discount has to be attractive. It's been put to good use, the amount of placings I've seen over the years elsewhere squandered, saying its going towards this and that and squandered on working capital/wages etc. I know its an IPO but a raise all the same.
These new shares will get flipped time and time again, the company is moving forward so much to look forward to if only some can see past there noses.
Give it another week/month and the Nasdaq effect will kick in, i don't see it taking off immediately you'll always get people buying in any IPO/placing etc to just dump the shares for a measly 10%. Once they've flipped the real increases in Sp will kick.
Choo Choo
Now
Wake me up at $27 plus