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BREAKING EXPOSE: Argo Blockchain rejects more money at higher price for stinking subscription that still leaves it insolvent

By Tom Winnifrith, the Sheriff of AIM | Monday 2 December 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I am struggling to get my head around this. As of last week, I am reliably double sourced to reveal that Argo Blockchain (ARB) had been offered c£5 million at 6p per share in a placing by a UK broker. Today it has turned that down to raise £4.2 million at just 5.5p with an unnamed institution but it is still insolvent! This is insane and stinks. Why take less money at a lower price?
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