Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Extract from Financial Services Markets Act 2000
Suspension or removal of financial instruments from trading: notification and trading on other venues
(1)The FCA must take the steps in subsection (2) to (4) if it imposes a requirement on an institution under section 313A to—
(a)suspend or remove a financial instrument from trading; or
(b)suspend or remove a derivative which relates, or is referenced, to the financial instrument from trading to support the objectives of a suspension or removal mentioned in paragraph (a).
(2)The FCA must require any trading venue or systematic internaliser which falls under its jurisdiction and trades the same instrument or derivative to suspend or remove the instrument or derivative from trading if a suspension or removal mentioned in subsection (1) was due to—
(a)suspected market abuse;
(b)a take-over bid; or
(c)the non-disclosure of inside information about the issuer or the instrument.
(3)But the FCA is not obliged to impose a requirement under subsection (2) if it could cause significant damage to the interests of investors or the orderly functioning of the market.
(4)The FCA must—
(a)inform ESMA and the competent authorities of every other EEA State of—
(i)a decision to impose a requirement under section 313A;
(ii)a decision to revoke a requirement imposed under section 313A;
(iii)a decision to impose, not to impose, or to revoke a requirement under subsection (2); and
(b)publish a decision mentioned in paragraph (a)(i) to (iii) in such a manner as it considers appropriate unless the decision has already been published under section 313B(2)(b) or 313BE(5).]]
G03/01/2018
RP
Under sections 313CA(2) and (3) of the Act, if the FCA imposes a requirement to suspend or remove a financial instrument from trading, the FCA must require any trading venue or systematic internaliser, falling under its jurisdiction as defined in section 313D of the Act, which trades the same instrument to suspend or remove the instrument if the suspension or removal was due to suspected market abuse; a take-over bid; or the non-disclosure of inside information about the issuer or the instrument, unless such a step would cause significant damage to the interests of investors or the orderly functioning of the financial markets. The same applies in relation to a derivative which relates to or is referenced to the financial instrument.
So the RNS
network iffy - but no explanation
merging the USA tickers by Jan 2023
down on btc for Nov, but fail to state it is a 30 day month cf Oct 31 days
looking for funding opportunities
halted by FCA
Looking at that balance sheet the profit went up by 700% ? Is that the Portfolio Manager they hired as the CFO?
Another lacklustre press release from Tancredi.
'network difficulty in Sept compared to Oct' no explanation offered.
'false Hydro Electric claim in Canada' - failed to counterbalance by telling investors they also have a site in Texas.
'was seeking financing' - not said what for, because I guess they hired a buy side portfolio manager
BUT FAILED TO MENTION THE MINING PROFIT ON THE BALANCE SHEET.
Argo is showing up as analysts' buy recommendation on yahoo finance.
https://uk.finance.yahoo.com/quote/ARB.L/analysis?p=ARB.L
Those large trades look like they cancel themselves out. On a happy note the no.of institutions holding 88 has goneup from 2 to 5
Major holdersCurrency in GBp
Breakdown
0.89% % of shares held by all insiders
0.21% % of shares held by institutions
0.22% % of float held by institutions
5 Number of institutions holding shares
I was listening to Raol Paul. He reckoned they will do something to stop the inflation going manic because too many baby boomers in government wanting to write books like Paul Volcker. As an alternative, Greg Mannarino reckons Janet Yellen would be great as a lollipop lady.
Someone mentioned this appointment on Stocktwits of this Board Appointment. Where is his experience at raising capital. I can's see it.
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB), is pleased to announce the appointment of Raghav Chopra as an independent non-executive director effective as of 23 February 2022.
Raghav Chopra is a digital assets and technology investor with over fifteen years of experience in these sectors. He was most recently a Portfolio Manager for AllianceBernstein LP, and has a decade of experience in managing a significant and wide range of technology investments at leading hedge funds. Prior to that, Mr. Chopra was an Associate in private equity at The Carlyle Group and an Analyst in investment banking at Goldman Sachs & Co.
Mr. Chopra holds a Bachelor of Science in Electrical Engineering and Economics with Distinction from Yale University, and a Master of Business Administration with High Distinction from the Harvard Business School, where he was named a George F. Baker Scholar. He also serves on the Board of the Harvard Club of New York City Foundation and is a member of the Economic Club of New York.
Peter Wall, Chief Executive of Argo and interim Chairman, said: "After an extensive selection process, we are delighted to welcome Raghav to the board as an independent director. Raghav brings a wealth of experience within the capital markets and financial technology sectors, and specific insight that will be invaluable as Argo looks to continue to progress as a global leader in cryptocurrency mining."
Let's also talk about his other associated company C**. That's tanking too and David B is promoting Qatar. Right now everything Peter is touching is turning to ****. Pull your finger out Peter and bring your A game if it is not too much to ask. Thanks!
I feel Argo will survive. They are a UK blockchain company. They just need to stop hiring mates and hire properly qualified people. Did they every get Blonity on as a consultant? Or maybe Mike? No, they knew better. Peter needs to start acting like a CEO and stop trying to be the journalist that he is. Remember Q** have all those PHD graduates. When is the next shareholders meeting?
I said it earlier, I am not a fan of Tancredi. The press releases are always lacklustre and the English idiomatics is poor. They are the mouthpiece of Argo, and I a sorry to say I have never been impressed. Here is a cost saving for Argo, bring the Marketing in-house.