RE: Wonder why usa have taken a back on arbkf11 Mar 2021 00:11
No, what Peter and his team have underestimated is the psychological impact of the sudden placing. When they did their finance analysis, I’m sure their conclusions were correct, and that raising money this way was best for the future of the business... And he’s absolutely right, it is.
But, the short term affects are always greater than anticipated because one thing they have misjudged is sentiment!
This stock is driven on sentiment because it tracks Bitcoin, which is equally the same. It’s volatile through emotion of future value.
But..... seriously we have to move on. It’s done, the decision was right, the execution was poor, the timing was awful. But bitty will be 60k in the next few days and eventually that will show here.
This stock will be £3.10 by Tuesday and all will be forgotten....
On that note I’m going to bed.
Until the morrow peeps!