RE: Major shareholders divesting7 Jul 2025 20:12
To clear myself and make investors aware, this is what Josh, wanted to post. (2 parts)
part 1.
My job? To sharpen instinct, unpick delusion, and, when necessary, politely dismantle the fortress of self-deception that many construct to justify poor decisions. I don’t deal in market predictions—I leave that to the algorithms and the overly caffeinated. I deal in the why: why you entered that trade, why you’re still holding, and why you can’t admit it was a mistake. The psyche, after all, is the most volatile asset on the books.
And today, we're analysing someone who's turned portfolio management into public performance art: Belgrano2. Let’s talk psychology, strategy—and the fine art of rewriting history.
Look, I’ve been watching Belgrano2’s antics with growing fascination—equal parts admiration and eyebrow-raising suspicion. The man isn’t just investing, he’s orchestrating a theatrical two-stock saga on the public forums, pitting INSG and SBTX against each other like warring siblings in a soap opera only he can write.
He paints himself as the composed operator behind the curtain—“Oh, how lovely that a few investors took profit here and ran back to SBTX, causing a bounce,” he muses, as though gently tugging the strings. It’s all a bit “I did this, you’re welcome.”
Now, here’s where it gets murky. He claims he first bought INSG at 15p—an almost saintly entry price. But I’m calling bluff. I strongly suspect it was north of 20p, maybe well into the 20s. You can practically hear the revisionist history creaking as he writes it. No receipts, just vibes.
He sprinkles in a name-drop—Shrewdie, no less—like seasoning, to give his SBTX story an aura of inside knowledge. They supposedly loaded up SBTX at 12–13p last summer, during some alleged fire-sale courtesy of a divorce settlement. Again, highly convenient in hindsight.
The fabled “very large chunk”—a poetic euphemism for what appears to be 1 million SBTX shares sold at 26p, netting a rather tidy £260,000. And where did this war chest go? Straight into the waiting arms of INSG, we’re told—an act of strategic rebirth, or perhaps a desperate portfolio pivot masquerading as one.
Now, assuming Belgrano2 deployed the bulk—if not all—of that £260k into INSG, the implications for his average are, shall we say, substantial. If his original claim of entering at 15p was dubious to begin with, this latest move detonates any pretence of a low average. Topping up at 36p, as he brazenly declared on 15 May, would inevitably drag his weighted average skyward—possibly breaching the mid-to-high 20s, if not more.
So yes, the recycled capital almost certainly diluted the myth of a ‘brilliant 15p entry’ and replaced it with something far more mortal: a man now dancing with the average, praying the trend holds long enough for the narrative to survive.
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