Webis Share Chat (WEB)

I emailed ecomins@watchandwager.com on the 14th November 2025 and a follow up email on 16th January 2026 and heard nothing back so far. Does anyone have any news or update on the current state of the company and any other person to contact please?

Thanks

Invested all these years licences are still valid in USA why weren’t private shareholders invited to partake in a fundraiser I would have participated Gutted here pathetic performance from the board

We wait. Nothing will happen now until we get more deregulation. Trump will allow business to get on. If I am right Web will relist in the USA on a small exchange and raise a couple of million.

or Web will make an offer for our shares that will be a pittance,

or you will hear nothing about Web ever again. I think that is unlikely

So what happens with our shares now they have been delisted?

Cannot argue with you but we had a huge chance to sell out at a thumping profit when the California vote was on. I sold much of mine. The only ones I hold are from 0.12 down now and I will buy a little more. I learned from experience that when a stock soars and the rampers are screaming it is a good time to sell some. Look at Scgl recently. Went up 24 times recently

Cannot argue with you but we had a huge chance to sell out at a thumping profit when the California vote was on. I sold much of mine. The only ones I hold are from 0.12 down now and I will buy a little more. I learned from experience that when a stock soars and the rampers are screaming it is a good time to sell

Pathetic useless underperforming company in it for 20 years couldn’t turn a profit on 100 million dollars a year pari mutuel turnover with guaranteed fixed profit margins no risk inept useless pathetic dire

Another bites the dust

Late rns. I am not selling for this bonkers cap. I will take my chance.

The resolution passed by shareholders was a resolution approving the cancellation of the admission of the Company's Ordinary Shares to trading on AIM. Accordingly, it is expected that the last day of dealing in the Company's Ordinary Shares on AIM will be 2 January 2025 and that cancellation of their admission to trading on AIM will take place at 7.00 a.m. (UK time) on 3 January 2025.

Is the vote going to be no?

No chance of that Mr Bombastic. Lets see what next.

I’ve noted NO

And that’s why it’s delisting as the market isn’t playing fair. Directors aren’t stupid they know they can sell the licences on for mega money.

Fixed

Thank you for your recent message

We had investigated the issue of being unable to sell Webis Holdings online. I can confirm this was an error in which the way we had the instrument set up.

This has since been rectified and as such, you should now be able to place trades for the holding online.

I do apologise for any inconvenience this has caused.

At last, they want screen shots, should charge them for system testing!

The problem with HL this that it's removed the sell functionality on both web and app but HL are saying it's not them, ffs.

Think it's time I moved!

Yes..it's a standard warning in these situations

I've had them on 3 shares last 12mths where they have a GM to leave AIM

All standard

PIP could move quickly

HL just got back and said I can sell!!! The sell faciality does work on my phone app or web browser only for this share. personally I think the warning about selling has caused the issue.

At this market cap I would expect further upside

Also think there is another opportunity at PIP which was in danger of going bust but results this week and CEO personal loan looks promising

£400k cap

I agree Barnet

I also think PYC TIG worth a look

I said this was a buy at 12. I am not a seller here. A month to go. If you want to sell I would suggest you probably need to double do via the telephone and speak to a dealer. I will buy more at below 15. If we get there. Don’t be surprised if this lists in the USA given some time. It would list at many times this price if so. I can wait.

Davey said "point taken" to this on OPG 2 weeks ago

Yet still plagues other boards

Laura2022

Posts: 6,004

Price: 6.75

No Opinion

RE: Davey5015 Nov 2024 16:49

Davey

No need to apologise but maybe like with OPG WSG etc stop being so sanctimonious on other stocks

GB

With 3 FTSE250 takeovers yesterday I'm expecting TIG to be on the radar

Free cash flow cash backed and doing large share buy back

See TIG

GB

Some summaries today and last few days

Ignore Davey .sanctimonious deposited having shockers last few weeks on OPG WSG etc...he'll never learn

Can you not read? I haven’t bought .

Can you not buy any stock when it's unchanged ?

Amazed you have survived in this market, probably because you dump while telling others they are going to fly

Way taking their 20% and this will fly today

Fron today's RNS

Laura you e just lost all your investment unless you sell out quickly. Your post makes no sense you and shareholders are not part of the future

Huge upside for shareholders and worth averaging down

USA gaming market continues to be the land of opportunity, and we find that our platform and positioning are of interest to some of the key players in the market.

Wouldn't surprised if a bid or offer to buy remaining 35% of shares comes over next 3 weeks

Also, we have multiple other licenses in the USA, as mentioned in this report, and we hold the largest number of content license agreements of any advance deposit wagering company globally.

 

Whilst our market capitalisation at time of writing is very low, we plan to use these assets for business development for those interested in entering the USA gaming market. In addition, we believe our platform and unique positioning is attractive to potential partners or even merger and acquisition opportunities, especially post the delisting, if approved.

 

The point is that for a new entrant to enter the USA market, it would cost them significant sums of money. As shareholders are aware, the USA gaming market continues to be the land of opportunity, and we find that our platform and positioning are of interest to some of the key players in the market. We will keep shareholders fully informed on progress on these strategic matters

Coca

Thanks..we're all aware of that as we read the RNS last week

Is delisting

they loose £1m a year and the cash they have is the clients ring fenced money- ie not corporate money, so they havemt brokem company momey vs ring fenced client money down

be careful here as the market wont want the shares back that you buy

Bombastic

Fell from 1.2p to 0.1p

Really cheapest to buy size has been 0.12-0.17 this week

Could see this rocket back above 1p

Huge move from £400k market cap

These licenses are worth $$$$$

Big riser today

Monty

Please actually try ....the spread is 0 12p to 0 16p

80% spread. You just 160% on any buy or sell at the same mid price.

Laura, yes, only £500 worth.

2.5mln Mason

More to come and charts breakout due any day

Have u purchased.?

A biggie!

Morphius

Looks like it

Maybe filling an order??

No stock but can sell millions

"Value of license"

(b) the Directors do not believe that the Company's share price reflects the underlying value of the Company's assets (most notably, the value of certain licenses owned by the Group);

(c) the free float of the Company is only 36.9 per cent. and trading volumes in respect of the Shares are very low and this illiquidity prevents Shareholders from trading in meaningful volumes or with any frequency;

(d) the Company has not utilised its admission on AIM to raise fresh capital or issue Shares as consideration to fund acquisitions since January 2013;

(e) the Company remains reliant on its major shareholder, Mr Mellon, for funding to meet its ongoing working capital needs and despite several efforts it has been unable to attract capital on acceptable terms from third party investors, in particular through equity issues on AIM;

Burnbrae Limited

248,204,442

63.10%

What do you think of Mellon returning to the board of his company after 10 years or so, around the announcement of delisting? He also owes himself around $3million that he has loaned to Webis. Do you not suspect another scheme from Mellon? Looks like it could be worth a punt, but Mellon being owner of both puts me off

Yep 350k mcap currently offers a reasonable chance of a return. I’d also repeat it’s interesting that they issued the de-listing RNS prior to end of year results. When that RNS lands this week it could take a few by surprise. I bought another 1 mill on yesterday afternoons dip and also intend to hold as expect a bigger plans are afoot

I've got a one million share holding here and will continue to hold unlisted, but I do always fear in these cases.

So often they pre-package an administration when they can't meet payroll and sell to a few of the main shareholders, with small shareholders getting shafted as others have suggested. Hopefully the saving grace here is the US licences and the Authorities simply won't fall for it. Use it or lose it - I can't see why they would allow them to just be passed on to a new entity. Further dilution though I see as a certainty.

Fingers crossed. I think their could be money to be made here long term, particularly at under 0.1 per share, but it's certainly high(er) risk now.

I invested in a small but promising company around 5 years back, private equity. Business only valued at around £1m, 75% of shares held by the founder. Things were looking good, doing really well, small but increasing turnover. Out of the blue they liquidated the company as the founder (75% holder) hadn't been able to pay his £100k annual salary - sold it to his other business for the money he owed himself £100k and then did a raise valued at £5m 6 months later. I've seen some schemes over the years, in most cases the small shareholders lose out.

You have to remember that Jim Mellon (GALLOWAY) is owed several million dollars from Webis. Webis might have assets but Jim is owed a few million$ from Webis.

Https://www.bbc.co.uk/news/articles/cp9z332j4npo

2 hours ago

A group of MPs and Peers have published a scathing report on the UK's main financial regulator, the Financial Conduct Authority (FCA).

Describing it as "incompetent", they say the FCA is "too often failing" to perform its functions and are calling for it to be overhauled.

The regulator has been heavily criticised by several independent reviews in recent years.

The FCA did not see the full report ahead of publication but a spokesperson told the Financial Times, external: “We sympathise with those who have lost out as a result of wrongdoing in financial services, however we strongly reject the characterisation of the organisation."

Seriously though. Anything with Jim Mellon involved is a disaster. They talk the talk but never deliver.

I remember in 1 rns it said “ we have not had a shortage of takeover offers “

The jokers on aim

Webis has been Jim’s company for as long as I can remember. He resigned from webis around 2010, though still obviously continuing to hold the majority of the shares of webis.

Jr He’s had many companies written off and there are several more to follow. They are set up as playthings and tax vehicles.

The last share of mellons to delist was life sciences I think, it came back years later as Bradda head lithium. Everyone lost out

Yes he left Seed / FFWD out of embarrassment. Made no money on their investments in over 10 years. Plenty of investments in their or their mates companies. Nearly £10m of their investments that were invested in their own companies written off. Paid their wages for many years. Investors down over 90%.

Think also he has SEED .?

Another of Jim's pocket money companies....He's had this for over 10 years and used it as a vehicle like all his other small companies. Must be some reason for his recent appointment, it's been his for many years. That's 7 companies liquidated and or delisted in the last ten years for Jim. He has another 14 held by one of his holding formats and only 2 have ever made money for the shareholders. He makes his money from currency trades these days. These are a bit fun and a vehicle for him and his cronies to use as tax efficiencies

Doesn't make you want to invest in other Mellon vehicles though like Agri if this is the way they treat shareholders

De List is pretty much a cert, Jim Mellon joined the board to make this happen and his 64% holding alone will push it through. The software will go to another of his companies and the reduced costs will probably make it profitable.

More for the owners this way, if they had shareholders interests at heart they would merge a few of these loss making companies.

@Darlonil, sorry to hear of your loss. With that size of stake it may be worth hanging on as unlisted shares do have a value. I sold out because I have 4 or 5 unlisted shares now and I hear nowt and am suspicious that the company directors will still find a way to keep the 'profit ' for themselves via bonuses etc should they come good. Without scrutiny and a useless FCA it feels like robbery. I am putting no more money into aim stocks as I have only found about 2 honest and professional ones [ ggp and msi] amongst the 20 or so I have touched over the years. Good Luck.

Sorry to hear that @Darlonil.

Not much comfort I know but best to try and learn from mistakes and what went wrong. A delisted share still has value potentially though, obviously it's not liquid and you won't get updates still etc but if you believe in the company long term then sometimes it makes sense to hold as everyone else sells.

Aim has been the same for years wiping everyone out

Well that's £85k down the swanee.

Good job I went back to work in 2022 when I realised I may have to wait a few years for this to be successful.

Writing was on the wall when they failed to race at Arizona Downs and kept quiet about it for months and months. I was so far underwater that there was no point selling, However yesterday I could have got £9600 so sometimes its best to cut your losses.

Difficult conversation with the wife who has been on at me to sell for about a year.

At one point it was definitely worth some speculation but over the years there has been a lot of wrong information on here around the value of the licenses etc. I'm not saying this was deliberate; I'd like to think it was more lack of knowledge of the sector; but the licenses Webis hold are not the same as the licenses that Sports Betting or Online Casino operators would have to acquire if California regulated, which it won't for a long time yet. The best hope was for a an operator to see some strategic value in having a presence in California, or for another racing operator to take them on cheap to consolidate; but, unfortunately, there's really nothing overly positive about Webis, as today shows. I'd written off my holding a long time ago but held on the off chance they managed to find a deal of some sort and create one last spike; in my case probably to limit damage, if being honest. Never mind.

Will take 3 mill at 12.55 expecting a move up this pm

Held a chunk of these for years, forever hopeful of a happy outcome. Only bought them coz i like a punt. Seems this money is now lost.

I'm now looking at this as a horse race. My horse is back of the field 100/1 in the running with absolutely no chance. Is it worth a punt? This horse is still upright, with jockey aboard. Surely its worth a small bet at these odds. I backed Nortons Coin in the 1990 Gold Cup.