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This dilution isn't a means to keeping the lights on its strategical that's fits in with ARB's business model. The long term value that this dilution brings to ARB far outweighs the short term dilutive effect. If you don't like it moan away but come back in 12 months time and cast your views then.
The fact is i know of any number of companies that don't reach fair value initially, it's a process. This dilution will in time become irrelevant. Naturally after any form of dilution you'll see an increased amount of churn in shares, in this case i think it'll last several weeks yet. Traders will trade away, profit takers will take profit BUT fair value will become apparent at some point. If you are against dilution as a means to grow the company by all means sell. Some of the huge companies tesla springs to mind only grew via dilution, now look at them lol
Imo the shackles won't come off for another month yet, as regards BTC I'd like to see a cooling off period just in time for ARB pushing north. Can't see that happening though i think new ath's are imminent.
"Interesting. How many millions are being dumped? To the nearest two million?"
Impossible question to answer.
"And when you say âdumpedâ, do you mean âbought by someone â?"
Yes it's a slow process mind. Obviously the we have just as many buyers for those being dumped hence not dropped further.
That would be pretty difficult with millions of shares being dumped presently I'd suggest. Its not the first time the Sp hasn't followed the rise of BTC. Wait until its all cleared fundamentals/value always wins the day.
It's not frustrating at all if you are planning on holding shares for more than 5 minutes, we won't move up in a vertical line. Dilution is a means to promote growth, it doesn't happen overnight. I have a timescale of years so switch off to all this. I've been adding on the quiet.
I think we'll see a rerate at some point ÂŁ2 and beyond if BTC keeps going. Everything points to this should be happening now, so why isn't it? The only reason is shares are still being dumped from the IPO. Until its cleared nothing will happen its as simple as that, nothing untoward going on.
@Chuz
"The company has grown and is doing well but as an existing shareholders your share is worth less.
What is good for the company is not always good for existing shareholders."
Initially its not good for existing shareholders Sp wise granted but if your vision isn't blinkered we all will benefit. You need to step back and see how the mcap and Sp has grown to date. People would be saying the same thing if/when PW dilutes us at say ÂŁ5 p/s.
"My theory, if you sell Friday and the Bitcoin goes upover the weekend even 3000 , argo wonât be much bigger sp ? But if itâs t drops 3000 it could b close to 105 , is it worth the risk?? Opinions??"
Why wait for tomorrow? What if tomorrow never comes? We can all make assumptions.
"When will we rise to the occasion as they say ..."
Not sure we will until the dilution has cleared fully and the quiet period is over.
Like i say we won't move higher until the Sp has hit the IPO price or a shade below, nothing untoward going on its nearly always the case market mechanics.
We may have just seen that imo
Regarding the frustrating performance of our Sp i think too many people are venting their anger by creating problems that arn't really there. It's an opportunity to create multiple threads especially for those who's intention is to disrupt the board and troll.
The fact is we haven't dipped below the IPO price it's just a matter of time before the shares are soaked up. We are in a quiet period there is no significant news as such to send the Sp higher. Yes there is the argument BTC has done well since the IPO accompanied with what's appears to be ARB being grossly undervalued now. That said until the discounted diluted shares fall into sticky hands you'll just see people taking 10% or so rinse and repeat. Like i say we are hovering around the IPO levels nothing untoward is going on. People just need to be patient and accept that the dilution was necessary at this point. We haven't just listed on the Nasdaq to stagnate and sit on our hands.
On Nasdaq
Just the start imo it's way undervalued.
The shares are slowly but surely getting soaked up, wouldn't listen to the FUD spouted on here. Its coming!
I think what we are seeing is typical of any form of dilution. Initially you see a bit of a jump in the Sp then it falls to or a tad below the dilution price. Anyone can buy the dilution price but they know the score and will just take a quick profit. Once there's no profit to be had that's when you'll see a real jump in the Sp. The shares tend to fall into stickier hands ones that realise the value, also the traders that initially bought the IPO will start to come on board again. This all drives the Sp back up again usually resulting in a surge in demand. Imo we are not quite there yet, it's just typical how it all plays out doubt its any kind of manipulation lol
Drlong said he was closing his short tomorrow and would be gone for good? That was a couple of weeks ago ffs. Must be obsessed with ARB lol
More volume usually rule of thumb its 3 x the dilution before lift off, very much doubt we are there yet. But eventually it'll pop. Can't see any reason why it shouldn't from these cheap levels.
Even taking into account the large discounted IPO, sentiment seems much better this side of the pond. Several times the Sp has tried to go north here since but just adjusted to these levels. Clearly Nasdaq is holding us back we'd be nearer/over ÂŁ2 all things considered. Surely the value at some point must be realised over there soon.
Lol waste of time watching BTC the way Nasdaq moves with any rise. If the Nasdaq listing was delayed we'd be ÂŁ2 plus now with Nasdaq sentiment kicking in. Oh well.
HGN - who would of thought the company could grow this quickly and already be listed on the Nasdaq? Argo would be the first company i know of that lists on various exchanges not to raise cash, they all do. The fact is growth doesn't happen over night. Would it be better to list and stagnate?