The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Trading Commences on the OTCQB Venture Market in the United States
Argo Blockchain (LSE: ARB), the leading cryptocurrency miner based in the UK, is pleased to announce that it has received approval from the OTC Market Group Inc. to commence trading on the OTCQB Venture Market under the ticker symbol "ARBKF" at the opening of the trading day on 13 January 2021. Argo's shares will continue to trade on the London Stock Exchange.
The OTCQB offers transparent trading in entrepreneurial and development stage companies that have met a minimum bid price test, are current in their financial reporting and have undergone an annual verification and management certification process.
Trading on the US OTC market has no impact on existing Argo ordinary shares trading on the Main Market of the London Stock Exchange and no new ordinary shares will be issued as part of the cross-trade. Argo will continue to rely on the announcements and disclosures it makes to the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements.
Peter Wall, Chief Executive of Argo Blockchain, said: "Argo is delighted to begin trading on the OTCQB Venture Market. The cross-trading of the ordinary shares from London will provide the Company with increased access to US institutional and retail investors and a broader shareholder base. US investors will now have the opportunity to share in the Company's growth as the cryptocurrency market gains momentum. US investors can find real-time quotes and market information for Argo at www.otcmarkets.com and access current company news and developments."
Jonathan Dickson, VP of International Corporate Services at OTC Markets, said: "We are delighted to welcome Argo Blockchain plc to the OTCQB Market. The OTC Market supports international companies seeking to strengthen visibility and transparency in the US public market. Trading on the London Stock Exchange and on the OTCQB Market will enable Argo to efficiently build global investor awareness and provide US investors with a seamless trading facility, enabling them to more easily trade through the broker of their choice."
This video is well worth watching
https://twitter.com/financefunky/status/1345689052784316416?s=21
Herdie - what an adventure ..
The last five days have been crazy with btc value but also stocktwits is starting to grow.
The next few weeks are going to be insane .
I think we are around 19% up on btc since NYE midday ..
Here is a good SP prediction from a very researched investor
https://twitter.com/briannoronha5/status/1345094411978465282?s=21
('Argo' or 'The Company')
Application to trade on the OTCQB Venture Market in the United States
Argo (LSE: ARB), the leading cryptocurrency miner based in the UK, is pleased to announce that it has filed an application with FINRA, the Financial Industry Regulatory Authority, for the Company's shares to be cross-traded publicly on the US OTCQB Venture Market ("OTCQB"), under the ticker ARBKF, which would make Argo's shares more widely available to North American investors.
Trading on the US OTC market would have no impact on existing Argo ordinary shares trading on the Main Market of the London Stock Exchange and no new ordinary shares will be issued as part of the cross-trade. Argo will continue to rely on the announcements and disclosures it makes to the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements.
Should the application be successful, the cross-trading facility will be provided through OTC Markets Group Inc., located in New York. OTC Markets operates the world's largest electronic interdealer quotation system for US broker dealers and offers multiple media channels to increase the visibility of OTC-listed companies. Independent studies show that trading on the OTC by an international company offers a positive effect on the liquidity of its shares.
Peter Wall, Chief Executive of Argo Blockchain, said: "We want to make Argo available to US markets in order to gain access to a broader investor base and enhance our visibility in North America. We are already trading on OTCPK and we anticipate a full OTC listing with wider investor reach in the coming days."
Melendhar is a first class researcher on shares , I have been asking for months for him to join this board .
Check out his twitter
https://twitter.com/melendhar/status/1325697125611659264?s=21
This week is going to be incredible 2.25 m share volume across the German exchanges , that’s 30 times the average daily volume ..
US share volume 1.8m , they did 600k on Xmas eve , so three times higher .
Sit back and enjoy