Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
@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 £5 p/s.
"My theory, if you sell Friday and the Bitcoin goes upover the weekend even 3000 , argo won’t be much bigger sp ? But if it’s 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 £2 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 £2 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?
I don't think the dilution is the problem at all, there's more to it than that. How else was we going to expand? PW decides when we list on the Nasdaq, he has not control of the Sp and BTC price at the time. You can't just list on the Nasdaq without plans to grow the company.
I'm as bemused as you are pop, I don't think it's too much expansion too soon but how we are going to fund new machines could be holding us back. Nothing else makes makes much sense regarding the Sp.
For the umpteenth time it's not the amount of shares in issue its the mcap and how well BTC is performing. If the mcap is too low this should be rocketing regardless of Sii.
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.