H.C. Wainwright Reaffirms Their Hold Rating on Argo Blockchain (ARBK)We find it difficult to substantiate any potentiality, either positive or negative, regarding the outcome here, but there is an operating plan, however obscured in non-disclosure agreements. Growler deal included an up-front $7.5M loan, in effort, we believe, to bridge the payment gaps on the bonds missed at end-August, with approximately $3.3M drawn down as of Tuesday's release. The possible better outcome, however, hinges on access to infrastructure in Alabama, the extent of which remains undisclosed, and based on feedback received yesterday, may remain that way until the recapitalization initiative is complete sometime toward December, should it progress as planned. Note, as we understand circumstances, no shareholder vote is required ratify the deal under British law.