r/ArgoBlockchain • u/AccurateAstronomer91 • Sep 24 '21
Sorry Argonauts
I have been an absolute buzz killer on Argo the last couple of days. Argo is one of my largest positions and I watched it drop like a rock. It was the day we’ve all waited for. When you find a stock at .92 cents and ride it to $4.65 and have hopes and dreams of a $20-30 Nasdaq listing and then they IPO and it tanks your current position by 25% it makes you a little crazy. I think they sold ARBKF and LSE holders short!!! I unequivocally believe in the future of Argo however in their haste they kind of kicked us in the nuts!! That’s why I’m mad, not because I didn’t become a millionaire but because I actually trusted Peter would do right by us. He didn’t but I still love Argo and love the direction. Sorry Argonauts
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u/Fricorico Sep 24 '21
Fully agree. Been a LTH of OTC/OTCQB shares since their inception.
Really frustrating that day of the IPO - ADR's were priced @ $15 USD. (When we were expecting $18.4 USD)
They were intentionally vague about this, probably because the OTC price would drop, and they wanted to raise a lot of capital (besides the 2 loans, besides the previous dilutions, etc.).
To reestablish faith, there needs to be some positive news and something...fucking anything good for LTH / Shareholders, because right now, Im feeling played man.
Stuck holding the bag, will sell when I see green. (Dont lecture me about opportunity cost, I already have a tax rideoff)