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Argo Blockchain plc (ARBKF)

Other OTC - Other OTC Delayed Price. Currency in USD
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1.7010-0.5290 (-23.72%)
At close: 3:59PM EDT
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  • S
    I do think that IPO-ing at a 30% discount shows a complete disregard for longer-term investors, and was completely unnecessary. Excellent arbitrage opportunity for anyone with insider knowledge though!
  • J
    this may be the first class action I would want to participate in
  • A
    New shareholders up 10%
    loyal shareholders down 30%
  • S
    $ARBK IPO price just finalized at $15 #robinhood


    Let’s go 🚀
  • D
    I have about 6000 shares of ARBKF at 2$. Does it get converted to ARBK automatically? And do my share count stay the same if the price of IPO is higher?
  • S
    Could somebody who's on Twitter ask Argo how they calculated the $15 price for the ADR IPO for Peter's next Q&A video. please? And what the reasoning was behind the massive discount?
  • A
    I am massively confused 😂
  • S
    The lack of liquidity on OTC/LSE caused the dump. Look at the volume - 5.3M vs 1.36M avg on OTC and 15.4M vs 5.9M avg on LSE. Meanwhile, the ADS has equivalent of 68M volume in just a few hrs.

    With the newfound liquidity Nasdaq brings, including institutional investors previously unable to take positions on OTC as well as options trading (and related squeezes), we should see Argo climb to new ATHs in the very near future.

    Read this thread
  • Y
    Why IPO is $18.40.. we are trading little over 2 here
  • T
    I sold all of it this morning. It is incredible what a con is being played. The company has absolutely zero interest in securing its current shareholders. They literally blew away 30% of your value in just a few hours.
    Class action time?
  • C
    The best gains would have been made at the height of the announcement. Looks to me regardless of your share amount ARBK is 10x the $ amount of ARBKF. The listing at 15$ had to push the OTC back to 1.50. That is the exact spot where a weekly gap formed. Perfect timing.
  • p
    im completely disgusted with the way we got played if anyone decides on a class action PLEASE count me in !!!
  • G
    Can someone please explain why the IPO stock price has shot up but the LSE price has dipped??
  • S
    Calm your nerves this will go back up....
  • C
    Everything I read stated share would convert to ARBK, hmmm
  • D
    The price is $15 because it's 10:1 to LSE. That's the correct ipo price like was always said. If LSE was 180, the ipo would be $18. Arbkf is on its own and allegedly go up/down with the same pattern it always has.
  • B
    can someone please explain what will happen to our ARBKF shares? Do we need to actively do anything?
  • w
    You will be able to convert your F shares the company will be supplying information after Nasdaq listing. they anticipate trading on the OTC until Dec 31. You will be able to convert your shares