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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16853624" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3916270-argo-blockchain-provides-update-on-liquidity-in-advanced-talks-to-sell-certain-assets?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Argo Blockchain provides update on liquidity, in advanced talks to sell certain assets</a></h3><p><a href="https://seekingalpha.com/symbol/ARBKF?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">ARBKF +3.08%</a>Dec. 12, 2022 2:08 PM ET</p><p></p><ul> <li data-xf-list-type="ul">Argo Blockchain (<a href="https://seekingalpha.com/symbol/ARBKF" target="_blank">OTCQX:ARBKF</a>) said Monday it is <a href="https://seekingalpha.com/pr/19052550-argo-blockchain-plc-announces-restoration-of-trading-on-lse" target="_blank">at risk of having insufficient cash</a> to support ongoing operations within the next month.</li> <li data-xf-list-type="ul">The cryptocurrency miner is in advanced talks with a third party to sell certain assets and engage in an equipment financing deal that it expects will strengthen its balance sheet and improve liquidity.</li> <li data-xf-list-type="ul">Argo (<a href="https://seekingalpha.com/symbol/ARBKF" target="_blank">OTCQX:ARBKF</a>) hopes it will be able to close the deal outside of a voluntary Chapter 11 bankruptcy filing in the U.S. However, there is no assurance it can avoid such a filing.</li> <li data-xf-list-type="ul">Argo (<a href="https://seekingalpha.com/symbol/ARBKF" target="_blank">OTCQX:ARBKF</a>) said as part of this process, certain draft materials were inadvertently published on its website, which implied that it was filing for Chapter 11 bankruptcy.</li> <li data-xf-list-type="ul">This led to the suspension of trading of its stock on the London Stock Exchange and Nasdaq on December 9.</li> <li data-xf-list-type="ul">The firm clarified that it has not filed for bankruptcy at this time.</li> <li data-xf-list-type="ul">Argo (<a href="https://seekingalpha.com/symbol/ARBKF" target="_blank">OTCQX:ARBKF</a>) requested the U.K. Financial Conduct Authority to restore the listing of its shares, which is expected as soon as practicable.</li> <li data-xf-list-type="ul">The company earlier said it <a href="https://seekingalpha.com/news/3897605-argo-blockchain-stock-plunges-amid-rising-liquidity-concerns" target="_blank">did not expect to close</a> its planned fundraising, which led to multiple downgrades on account of cash flow and <a href="https://seekingalpha.com/news/3898547-argo-blockchain-extends-drop-as-analysts-downgrade-crypto-miner-on-liquidity-concerns" target="_blank">broader industry headwinds</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16853624, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3916270-argo-blockchain-provides-update-on-liquidity-in-advanced-talks-to-sell-certain-assets?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Argo Blockchain provides update on liquidity, in advanced talks to sell certain assets[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/ARBKF?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']ARBKF +3.08%[/URL]Dec. 12, 2022 2:08 PM ET [LIST] [*]Argo Blockchain ([URL='https://seekingalpha.com/symbol/ARBKF']OTCQX:ARBKF[/URL]) said Monday it is [URL='https://seekingalpha.com/pr/19052550-argo-blockchain-plc-announces-restoration-of-trading-on-lse']at risk of having insufficient cash[/URL] to support ongoing operations within the next month. [*]The cryptocurrency miner is in advanced talks with a third party to sell certain assets and engage in an equipment financing deal that it expects will strengthen its balance sheet and improve liquidity. [*]Argo ([URL='https://seekingalpha.com/symbol/ARBKF']OTCQX:ARBKF[/URL]) hopes it will be able to close the deal outside of a voluntary Chapter 11 bankruptcy filing in the U.S. However, there is no assurance it can avoid such a filing. [*]Argo ([URL='https://seekingalpha.com/symbol/ARBKF']OTCQX:ARBKF[/URL]) said as part of this process, certain draft materials were inadvertently published on its website, which implied that it was filing for Chapter 11 bankruptcy. [*]This led to the suspension of trading of its stock on the London Stock Exchange and Nasdaq on December 9. [*]The firm clarified that it has not filed for bankruptcy at this time. [*]Argo ([URL='https://seekingalpha.com/symbol/ARBKF']OTCQX:ARBKF[/URL]) requested the U.K. Financial Conduct Authority to restore the listing of its shares, which is expected as soon as practicable. [*]The company earlier said it [URL='https://seekingalpha.com/news/3897605-argo-blockchain-stock-plunges-amid-rising-liquidity-concerns']did not expect to close[/URL] its planned fundraising, which led to multiple downgrades on account of cash flow and [URL='https://seekingalpha.com/news/3898547-argo-blockchain-extends-drop-as-analysts-downgrade-crypto-miner-on-liquidity-concerns']broader industry headwinds[/URL]. [/LIST] [/QUOTE]
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