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The development of only half of the optimisations previously created by the expert, has proved a 9.56% speed improvement using a commercial Graphic
Processing Unit (GPU), compared to the standard Bitcoin mining algorithm on the same GPU.
Then:
A second and more impactful set of optimisations for the Bitcoin mining algorithm have now been identified by the expert, which will be filed as an international patent within weeks. This is ideally the first of several patents the Company plans to file in the coming months. More details on the efficiency in running the Bitcoin mining algorithm with this new set of optimisations, will be released shortly after filing the patent.
The above sounds extremely promising.
Caddor - Class action???? You can’t be serious!!
From what PW said it’s a profit share agreement that’s in dispute. The said agreement turned out to be great timing for Argo in terms of the Bitcoin price increase at the time..
A profit share agreement will NOT bring Argo to its knees and PW would have obtained counsels advice as to whether the market needed to be informed and the answer was obviously no they don’t..
Check out the Advfn thread last night regarding mobility one tech pvt.
Rosewall - as I read it the asset disposal was in 2019. Things have moved on a bit since then. A new FY and all that… DYOR :)
2020 Unaudited revenue increased 45.6% to £246.7 million (2019: £169.4 million) mainly due to higher sales recorded in the Group's mobile phone prepaid airtime reload and bill payment business in Malaysia;
· Gross profit of £12.96 million (2019: £10.77 million);
· Profit before tax of £2.26 million (2019: £1.08 million);
· Profit after tax of £1.61 million (2019: £1.87 million, included gain on disposal of a subsidiary of £1.11 million);
· Cash and cash equivalents as at 31 December 2020 of £4.42 million (31 December 2019: £4.42 million);
Great to see MBO on the LSE share risers for the second time this week.
Drop the last few weeks was way over done IMO. Wise listing will defo put us under the spot light going forward. Keep the momentum going!
Nuri - it’s astonishing the amount of money that’s currently being traded in WISE. A minuscule fraction of the money would send MBO SP into the stratosphere :).
MBO has 106 million shares in issue and a very small float. Of course DYOR but the SP is roughly half of what it was several weeks ago.
Needs more volume. Decent amount of shares traded yesterday and up it went. Just did a £5k dummy sell with Halifax and it was quoting 24p :(
Extremely unlikely IMO.
Rejection of the proposal
Many developed countries and pharmaceutical companies oppose this proposal, arguing that “suspending patents will not increase vaccine production in the short term”, since the necessary infrastructure to produce them in developing areas does not yet exist.
They also ensure that the intellectual property rights that are defended by patents “are essential to promote research.”
If the judge can be satisfied insolvency will happen and Senator has given some great input to the secured bonds, then for me this is the biggest hurdle we face to get the scheme over the line.
The judge said the court is entitled to explore the objective facts that were presented to him so I would expect correspondence between Amigo and the judges clerk confirming and enhancing the position given by QC Vickers yesterday in particular regarding the secured facilities.
Been contemplating a rights issue a lot but believe the board have been given the correct advice and that wasn't to raise now. FCA will not discuss Amigo 2.0 until the scheme has passed so how could the board seek money from shareholders when the scheme and future business is in real doubt.
The argument put forward about the unsophisticated creditors doesn't carry a great deal of weight IMO. The scheme documents are very easy to navigate through and they explain the scheme details very well.
The % of creditors votes was low but even the FCA confirmed in their letter this a normal for SOA's
Sword of Damocles it maybe but isn't that the whole purpose of a pre-insolvency restructuring mechanism. This is the alternative now. Take it or leave it or tweak it a little then take it.. There's scope to modify and why not.
Not sure about debt for equity.. In theory I suppose it could work but again with Amigo 2.0 on hold I'm sure how this can be done and to what level. Perhaps those more in the know on here could explain how this would work if the scheme is modified incorporating debt for equity passed and then we come out of suspension?
Thanks
Just wondering if anyone is familiar with the high court process whereby if Amigo think s hit we missed the bond issue today etc. Is the door open at this point for further evidence to be submitted to the judge? Or will a new hearing need to be arranged or is it just not possible to submit evidence after the hearing? Thanks