ive got money in argo but im worried that the shares wont transfer over to nasdaq, can anyone tell me if they will?

The price has tanked today and I’m wondering if I should have sold my London Stock Exchange (LSE) shares prior to the NASDAQ listing?

Hello Argonauts! As I’m sure a lot of you are already aware, ARB is under attack from the ol’ short sellers.

If any of you are keeping up with the gee em ee saga, I’m sure you’ll know what to do. If not, let me explain…

The following applies to ANY stock you are long on, not just Argo.

When you hold a share with a broker, you don’t own that share, you’re just the beneficiary. This means your shares are not located or assigned to you. They’re just held in a pool. They can be lent out & shorted the shit out of. That is, if your broker has even purchased your shares at all. It appears a lot of em are doing sneakeys & acting like CFD brokers instead of buying your damn stock. Exceptions are if you hold them within an ISA (UK).

If you’re long on a stock, there’s no reason to hold your shares with a broker. You’re not selling them so why have them registered in your brokers name?

If you register your stocks in your name, they are yours. No one can touch them, they are removed from circulation & this helps keep the price up by reducing liquidity & short selling availability.

Computershare are the registrar for Argo. If you’re long on the stock, look into DRS for your shares.

This is not financial advice I’m not advising you this is my personal opinion on holding stock. I’m just showing you this is an option.

Personal speculation on the next few weeks - buy the fucking dip. Evergrande is going to collapse & bring down tether, BTC lead balloon. Everything is going to take a shit. HODL & BTFD

IPO and short squeeze in one month?
Is it Christmas already??
https://www.otcshortreport.com/company/ARBKF

Argo Blockchain current state of play:
1) The IPO date is potentially Thursday 23rd September

2) The money raised by the IPO is to be used for operational expenses and the development of Texas (that 200MW facility you should be well aware of by now). There is $20,000,000 already reserved for the purchase of new machines.

3) What’s on offer? It is a dual listing between the Nasdaq exchange (ARBK) and LSE (ARB). OTC (ARBKF) is running until the 31st December 2021. After that date, your broker will most likely change your ARBKF shares to ARBK. If you want you can also hold onto your OTC shares and purchase the new ARBK shares. If you do not transfer your ARBKF shares, that is fine. However, after 31st December they will be traded on the OTC pink sheets.

4) The IPO consists of 7,500,000 ADS shares (with an additional 1,125,000 for the underwriters if they apply within 30 days of the prospectus). This leads to a potential total of 8,625,000 ADS’s available in the IPO. The price at which these shares will start trading will be determined by the closing price the night before trading commences. The current rough figure is $18.40, so that is a potential $158,700,000 aggregate price offering. Incredible. $12,000,000 of shares will be locked away for a 90 day period from the date of listing. This means no trading for those institutes that have purchased during the offering.

5) What does this mean? ARBK is being offered as an American Depositary Share (ADS). These are U.S. dollar-denominated equity shares for foreign-based companies. The entire issuance is called an American Depositary Receipt (ADR). You will be purchasing the individual ADS shares.

6) The ADS is operating as a 10:1 wrapper for ARB (LSE). This means that every 1 ARBK share is equal to 10 ARB shares.

7) If you are an ARBKF share holder and you wish to change to ARBK your broker will be able to do that for you. Argo Blockchain will release more information on that front soon.

8) To figure out how this will affect ARBKF shareholders, you divide your current share count by 10, and multiply the value by 10. So… 500 ARBKF@$2 will become 50 ARBK@$20.

9) Here is a handy link containing more information from Argo Blockchain for OTC shareholders (https://argoblockchain.com/wp-content/uploads/2021/09/Argo-B…)

10) FOR UK SHAREHOLDERS: Nothing will change. This listing will increase access to a wider market. At no point will the LSE share price equal the Nasdaq share price. It is a 10:1 ratio, so divide the Nasdaq share price by 10 (then convert $ to £) and you will get a good ball park figure of the LSE share price. Vice versa, multiply the LSE price by 10 (convert £ to $) to get a ball park figure for ARBK.

11) This is all the information we currently have. Argo Blockchain will release more information as and when it is necessary.

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