I sense a Bitcoin rebound before the US market open21 Apr 2021 13:24
Don't be caught out of this baby! This is a Multi-Coin mining company (Bitcoin and ZCash) with fingers in many pies (Pluto and the 1st Green mining pool). Mines 5% of of the World ZCash.....I think you should go on Argo's website.
While many small/micro-cap professionals may have heard that institutions can’t trade their stocks. Often, institutions can trade these stocks but the avoid them.
Institutional Investors don’t trade most penny stocks for 4 reasons:
Minimum Market Cap. “Many funds will have a minimum market cap requirement, and even where this is not an official policy, we often find that fund managers draw their own line in the sand.”
Liquidity Concerns. Many fund fear getting stuck in an illiquid holding.
Corporate Governance. Institutional funds are concerned with poor levels of corporate governance and disclosure among microcaps, “a perception reinforced by high profile corporate scandals.”
Materiality. No matter the size of investment, fund managers must perform a similar level of due diligence for each investment. The size of microcaps compared to the size of most institutions means a meaningful investment cannot be made.
RE: NASDAQ listing will not move the share price, IMHO21 Apr 2021 09:57
@BobRuncie, PW was asked if ARB is looking to move to FTSE250 and he said not on their plate now which means NASDAQ means more to them and for good reason as the FTSE (UK) does not fully appreciate Crypto as much as the Yankees. That is why we are at 170+ and not 500
This is like someone saying to sell you West London property to buy a car. While not exact, this says to me Navier are so confident Argo shares will not drop lower than the agreed value of 135p, meaning we can go to town buying up to that level. While I know they could have paid with fiat which is depreciating, the pound is not doing badly.