ການຟ້ອງຮ້ອງຕໍ່ Argo Blockchain ກ່ຽວກັບນັກລົງທຶນທີ່ຫຼອກລວງ

• Lawsuit was launched against Argo and many of its top executives and board members.
• The investors contend that the miner’s financial prospects were exaggerated.

In a class action lawsuit filed, investors in crypto ແຮ່ທາດ Argo Blockchain claimed the company misled them during the IPO by making false representations and withholding key facts.

On January 26, a lawsuit was ຖືກຍື່ນ against Argo and many of its top executives and board members. It asserts the company concealed its vulnerability to cash flow issues, high energy bills, and infrastructure challenges.

ການຟ້ອງຮ້ອງອ່ານວ່າ:

"ເອກະສານການສະເຫນີຂາຍໄດ້ຖືກກະກຽມຢ່າງບໍ່ລະມັດລະວັງແລະ, ດັ່ງນັ້ນ, ປະກອບດ້ວຍຄໍາຖະແຫຼງທີ່ບໍ່ເປັນຄວາມຈິງຂອງຄວາມຈິງທີ່ເປັນວັດຖຸຫຼືຖືກລະເວັ້ນເພື່ອບອກຂໍ້ເທັດຈິງອື່ນໆທີ່ຈໍາເປັນເພື່ອເຮັດໃຫ້ຄໍາຖະແຫຼງທີ່ບໍ່ເຂົ້າໃຈຜິດ."

Shares Price Plummeted

The investors contend that this means the miner’s financial prospects were exaggerated since the firm is “less sustainable” than they were led to expect.

The complaint mentioned:

"ຖ້າ [ນັກລົງທຶນ] ໄດ້ຮູ້ຄວາມຈິງ, ພວກເຂົາຈະບໍ່ໄດ້ຊື້ຫຼືໄດ້ຮັບຫຼັກຊັບທີ່ກ່າວມາ, ຫຼືຈະບໍ່ຊື້ຫຼືຊື້ມັນໃນລາຄາທີ່ສູງຂື້ນທີ່ຈ່າຍ."

On September 23, 2021, Argo disclosed the data in filings with the United States Securities and Exchange Commission (SEC) for its first public offering (IPO).

On the same day, at an offering price of $15 per share, 7.5 million shares were sold to the public, bringing in $105 million before fees and costs. Shares of the mining company have taken a pounding since then, dropping to a low of $0.36 and now trading at $1.96.

In order to be listed on the Nasdaq Stock Market, a business must have a closing bid price of at least $1 for 10 consecutive trading days, a requirement that Argo fulfilled as recently as January 23.