Member Info for the_Chuz

I would expect a pump followed by a share issue.

@Mooh

"I wonder what Argo plans to do with the excess liquidity though,
They'll have around $20M cash after this deal,"

Swimming pools, lots of swimming pools... Or some bonuses for the great team they have, remember that renumeration package (tgat hot kicked out in the end).. If you want the best you have to pay the best blah blah.

With Helios gone and a management team that has proven itself to be unable to guide good ship Argo successfully I don't think 20 mil would last long at all.

Maybe some great deal with Pluto Digital whereby they get 20 mil and Argo get nothing in return then we go bust... But he will be able to keep his title of " Starfleet Chairman of Advisory Excellence".

Is Argo now profitable?

Does it produce more cash than it costs to run each month?
If yes then it can just sit tight and weather the storm.

If no it will need to raise cash to survive.. It either through debt which it can't afford or a nice big fat juicy share issue.

I know which one my money is on, they should of done it when I said about it at around 100p and paid off all the debt and finances Helios properly, instead they went for debt at a very poor rate.

I'm still waiting for that share issue, except now with Helios gone the whole company outlook is differnt.. Might as well just pay for machines to be hosted as an individual and remove the 3rd.party risk and costs.

I think some will find themselves well and truly squered with a spike up thier bottoms.

We all wondered at one point how much Helios was worth and now we know... How much was spent building it and acquiring the land again?

Would of been worth a lot more if it had a swimming pool.
It might be worth listing the assets that argo have.

Just reading on the QBT board as I was curios how that dig of a stick was doing after all its hype and read a post about qbt buying argo (purely as a thought not an actual likelyhood).... How can anyone mess up a company so quickly whereby the likes of qbt in theory could assets strip it.. The world its nuts... Although I'm still stuck in the past anyways... I couldn't ever get over the swimming pool.

Argo bull, I'm. All seriousness did you manage to get out with your shirt? I know you were in for a decent wedge by anyone's standard so I hope you manage to derisk it in time.

"Bitcoin looks unlikely to save the day here, will an Angel of some sort come in with a deal/offer? Maybe..."

My money is on btc being over 20k in the next couple of weeks.

Should of just issued some shares when I said to, can't believe PW didn't listen to me ha.

@rory

"Hopefully, people will start to shun sh*tcoins and altcoins, and look to Bitcoin as the only crypto worth investing in."

It might well do but I would go for Ethereum being the winner once all the dust has settled in moons to come.

It has a purpose other than a means of payment, it has a ecosystem and dApp, nft's etc and maybe more importantly has moved to proof of stake.

BTC on the other hand uses buckets of global energy and is used as a payment mechanism.

I reckon BTC and eth will remain but I think in years to come it will be eth that is king

Sold all my riot.. Just holding a bit of eth.. Should probably go to cash with that too... Who knows where the bottom is now.. 12k bitty anyone?

"When Michael saylor asked Peter Wall what would he do if MS was to give him £500m."

Haha yep.. I can't believe he managed to contain himself..

Well Michael, if I could, yes please umm I would build a giant slide for the locals so they coukd splash land in thier new swimming pool, 2 slides Michael yes 2 slides, I do two slides, I'd come in over budget, don't worry I'll use more shareholder money but also it's OK because Peri will study the ripples from the splashes and invent new immersion, can I have it Michael, can I have it.

I reckon that someone will buy it up at around 4p ish.. Helios is worth *something* but the real jewel in the crown surely has to be Peri's home brew immersion system which I am sure was ground breaking and worthy of many patents.. Think of all that lovely IP that can be bought.

1)Someone buys it around 4p and it is dissolved
2) The board clingnon for dear life and finance with as much debt as they can get hold of so they can keep there jobs a few more months.. The company then delist.

3) massive share dilution happens which buys another 12 months.

They should of done a share issue and sorted out the funding side of things when I was talking about it several times a day.

I think everyone is a little too critical.. Think about that lovely swimming pool that was revamped.. Argo made a real positive difference to thier lives (until its not maintained again).. Yes its taken many many millions of investors money but atleast the locals can take a dip.

As I have always said.. Funding is the issue, always has been for the grand plans to be executed.. People would prefer to give it "the big I am" and keyboard warrior thier way through... Its why I pulled right back on posting here..

Now we will hear about those caught on a spike, crying in thier cornflakes about how they lost thier 500 quid house deposit

"Lots of buying

Not sure why it's down"

Because those buys are actually sells... Yes i suppose technically its both but it happens when there is high market movement and the transaction happens on or around the mid price.. Usually when the reported spread is large and then transactions go through well inside the reported spread.

More selling pressure = price down
Price down = more selling pressure

You don't get higher share price by increase selling presure

Conversely you don't get lower share price by having higher buying pressure.. The market makers are there to make the market.. They are not evil entities.. They try to hold the minimal amount of shares as possible they make market by matching buyers and sellers then taking a commission on the transaction (the spread).

What is reported as a buy just means that the transaction was higher than the stated mid price.. Nothing more, and at times they are not accurate at all.

Hope there hasn't been too many tears in the cornflakes or house deposits lost.

The drop/pull back was predictable, which is why there is no point in the loud mouths (fingers) jumping on those who say that nothing has fundamentally changed for that rise to of happened.

Congrats to those who got in and out with some extra money in thier pockets.

If you landed on the spike, don't worry, you would of just lost it on a differnt share anyways

Muscles

"Time for chuz and chae to go long"

I only ever go long, I havn't shorted a stock in over a decade.. What I am getting at is that the same fundamental issues with the company remain, I have a feeling some folk are going to get spiked, the we will hear all about them crying in thier cornflakes because they just lost 500 quid and it was the start of thier house deposit...

Darren - I can tell its half term and the kids are off.

You do realise that the only reason it's up is because btc is up yea? Nothing transformational about the company, if btc does what btc does and drops it will take the share price with it.

Just saying, as like what was said the other day, you pay your money and take your chance, there's no way to really know, just risk mitigation and personally calculated probabilities

"13-Oct-22 16:34:25 14.301 500,000 Buy* 71.51k O"

More chance if that buy being a sell which contributed to the price drop. Buy doesn't necessarily mean buy it could be a sell because of mid pricing.

Chaebol... Is it time to buy yet?