Member Info for BigDave13

It seems current cash burn is somewhat higher. From the RNS:- "Cash at period end was £338,000 and stood at approximately £125,000 at the date of this statement". That is a £213k cash decrease in the most recent 2.5 month period. Not sure what this may relate to but as you point out, hopefully they have it covered.

Yes, but what about the impact of the pending dilution per the recent RNS. This will have quite a significant impact and limit SP upside.

This list is 1+ years out of date (from website). Needs to be updated to reflect current holdings/TR1s post placings / YA funding etc.

20m MC would be ~0.7p after last placing plus the first batch of Incentive shares.

50m each from the ATM at 0.2 to start with so the monies go to ASTR as well.

The Business Model seems to be changing weekly.

This info really needs to be distilled via RNS to the market in the first instance.

Does seem like future funding may not be required via the PLC but who knows?

Yes, CSIL is due to distribute in specie its WSHP shares to its own Shareholders, incl CHP at some point (after 6 month lock in?). I estimate CHP indirectly owns around 10,000 - 14,000 WSHP shares. Next CSIL accounts due this week but last year not released until 2 months later so who knows, should include latest status update.

Weshop Holding Ltd is a different legal entity to Weshop Ltd (now CSIL).

CSIL has reported a 6 month lock in, not to say it can't be withdrawn or altered.

DYOR.

My bad, didn't see the post. Agree, sell to cover the debt now and avoid unintended consequences should the market take a turn.

From Wecap Accounts:

Discounted Capital Bond

On 27 August 2020, WeCap announced that it had raised funds through a Discounted Capital Bond (“DCB”) that provided net proceeds of £4,400,250.78. The DCB was originally due to be repaid on 25 August 2023 but the repayment date, as announced on 4 December 2023, was extended to 24 November 2024.

On 25 November 2024, WeCap announced that by mutual agreement with the bond holder the repayment date of the DCB has been extended by a further 18 months to 24 May 2026. The DCB will continue to accrue interest on the same terms. The amount due under the DCB at maturity stands at £6,965,000.

Anyone considered potential tax liability on any net gains from sale of WSHP shares?

What does this 300m represent? I calculate it as WSHP closing MC is $1.24bn, WCAP owns (directly/indirectly) 11.8% which makes its value worth £112m or 25p. What am I missing?

Further info here. The first link provides a summary of Key Numbers.

https://investors.we.shop/sec-filings

In the last CSIL accounts, there was a note stating that there was a 6 month lock in period from listing preventing CSIL from transferring or disposing of those shares for 6 months. The CSIL shareholding in Weshop is supposed to be distributed in specie to its own shareholders. The latest set of accounts are due at month end so there may be some more info available next week.

Hello, per the RNS from 17 Nov, about 1/3 of the Weshop shares are held indirectly via CSIL (same as for CHP). In the last CSIL accounts, there was a note stating that there was a 6 month lock in period from listing preventing CSIL from transferring or disposing of those shares for 6 months. The CSIL shareholding in Weshop is supposed to be distributed in specie to its own shareholders. The latest set of accounts are due at month end so there may be some more info available next week.

@Volvie, there has recently been a 4:1 reverse stock split which reduced CSIL shares in WSHP to 2,083,33 (refer GROK/Wecap RNS). This is why I suggested the CHP allocation may be around 14k. I wonder if CHP have been informed of their pending allocation and could be the reason of the recent CSIL investment value write down noted in the accounts? My estimated CHP holding is a range of 10,000- 14,250! As you say, clarification would be helpful.

I estimate CHP shares to be c.14,250 based on the Wecap RNS outlining their ownership stake in CSIL and the shareholding in Weshop Holding reported as 2,083,333.

https://www.aquis.eu/stock-exchange/announcements/5467407

Weshop Holdings Ltd (based in BVI) which listed today is a different entity to the Weshop Ltd (now CSIL) that CHP originally invested in. This is reflected in the last Investment Update. Wecap Ltd is a different story, I believe they hold shares in both Weshop Holdings Ltd and CSIL (& maybe Option/CLNs). CHP should provide an update to clarify its position.

CHP own 71k shares in Community Social Investment Ltd who in turn own the shares in Weshop. CSI are supposed to be distribute these shares in specie to their own SHs incl CHP at some point so it is unknown how many actual shares CHP will be allocated in Weshop.

My simple take is that Sigma is building the trading application framework. Once deployed on the subnet, developers can create their own tools and develop their own trading modules (AI agents). Over time these will improve and there will some clear winners i,e those that can consistently outperform the stock market. At which time they can be commercialised by ASTR/Sigma and Investors can maybe pay a monthly subscription to have these Agents trade on their behalf. I don't know the timescale or full details but in principle sounds feasible.