Sorry if I sound ignorant, but what shares are hitting the market this week? I thought the £2 shares have all sold and only 3m went to retail. So even if half cash in, it’s a tiny amount and I’d expect most sold the day they found out they had them. Am I missing something?
Djk, this is also why I’m invested. Even with the dilution it still massively undervalued and is expanding very quickly. Anyone looking at the figures will see that and the SP will rise. FWIW, we have caught up with competitors over the last month even with this weeks set backs.
Harve, Peter has explained that they gave the retail market the maximum allowed during the fundraiser due to LSE restraints. Of course everything could have been handled a lot better and some people are now anxious about how the company is being run.
But you can’t come on here and say the business is crooked. It insinuates that there is dodgy underlying activities which you have no knowledge of. If anyone sees your post it could put them off investing in the company.
If you have that much of an issue, I’d advice you sell your holding and move on.
The MMs are obliged to buy anyone shares who want to sell. So if there are more sellers for a week, they will have shares in their hands ready to be sold. That’s why you can always sell your share when you want to. They are there to keep the market liquid. That’s why the price goes down if they have too many as they want to sell them off.
If you think the price will go up just hold on to them. It’s not a given that the price will drop to £2. It might have a little bit of an impact, but it’s anybody’s guess. If you want to make a quick profit sell them tomorrow, but it could end up higher at the end of the week. FWIW I’d HODL them
There’s been some really strange and quite disturbing behaviour on here today. Probably one of the most toxic for a while. Still don’t understand why some come on here without being invested just to cause trouble.
Beyond baffling!
DNA1. Totally agree and I can see why people now have anxiety about where it’s heading. You also need to remember where the company was 3 month ago. It’s a growing company and it in a fast moving industry. If they take out loans and god forbid BTC goes back to 10k, where does it leave them as a company? At least having assets on the books helps negate the risk a bit.
Hopefully this is the end of fundraisers and we can all get back to making more money.
Riot are currently 35% down on their highest close.
Argo are currently 25% down on their highest close.
If you look at the bigger picture it’s not that bad. We got slightly ahead of where we should have been and have retraced slightly. The fundraiser hasn’t helped but we’ll be back on track soon.
The SP has moved sideways the last few weeks but the foundations are a lot stronger now. And the asset sheet should be looking really healthy as well.
HODL!
Eva
He’s already explained they gave retailers the maximum amount of shares allowed during the fundraiser. These shares were snapped up quickly.
They may well have bought more BTC, we won’t know until month end.
I agree that discount was too much and dilution is probably affecting some people looking to invest. FWIW I think they’ll do it again this year.
But looking at the bigger picture it’s better than devaluing the company by selling an asset that is increasing so much. Everyone has the right to get out if they don’t like what’s happening, but I’m waiting to see what happens once the Texas plant is built as there’s still massive growth potential in the SP.
I was going to post something similar Mattermatics. 15% down from last time BTC was at this level. I thought we’d be pushing £4 by now. I can only assume it grew too quickly last time and things are slowing down a touch. I think we now how a lot of new investors and a few of the older investors have taken profits and moved on now, which will add a lot of stability going forward.
The markets always catch up eventually so we should be looking good towards the end of the year.