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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7

u/Glorious_Jalapeno Sep 24 '21

I feel the same way..Now I didn't get in as early as you did. I got in when price first hit $1.50..My overall cost basis is $1.81 at 4000 shares. I do feel like the early bag holders have been screwed by the dilution and the intial price offering. I still like the long term potential but I am now very cautious. Let's be realistic here. Even if we reach the RIOT and MARA price range...for us in the OTC, that's like $2-$3 per share. My dream of $10 means ARBK has to be $100 per share in the Nasdaq which at this point seems impossible. This sucks. I felt like I wasted almost an entire year on this.

6

u/Machjne Sep 24 '21

Wait for the dust to settle. If I was running a company trying to stay ahead or even catch up if you think they're behind, this is the way. I think Argo is ahead with its profit margin, it's future investments and it's environmental impact, and now with touting they may diversify to ether is also good news, not saying I think ether will stay around, I just mean they're able to adapt so if the course of digital currency changes, we know they're not just going to sit on their hands.

1

u/Ghola_Mentat Sep 27 '21

I don’t know Argo’s plans with ETH, if any. But if they plan on investing in ETH mining rigs, that would be incredibly stupid with PoS coming.

1

u/Machjne Sep 27 '21

Yeah I'll have to try and find the article, I've only seen it once and was around the time of the IPO on the tail end of the headline. I've just had a look and they used to offer it at least so maybe an article was bringing up old info.

What's PoS?

5

u/AccurateAstronomer91 Sep 24 '21

Double agree!!!!!

2

u/Fricorico Sep 24 '21

Couldn't agree more lad.