RE: Smarter Web Facts30 Jun 2025 09:37
It's not 65m, it's around 39/40m after expenses.
Sop lying, it makes you untrustworthy.
SWC worth 475m right now, with only 42m in bitcoin and 40m cash.
475/82 mean the company is worth 6 TIMES what it's bitcoin + cash amounts are.
Why would anyone pay 6x what the fundamentals are?
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Direct from company RNS:
With a high level of demand the Bookbuild and Subscription has raised approximately £41.2 million (before expenses), well above the stated minimum of £30 million, through the issue of a total of 14,221,623 new ordinary shares of £0.001 each ("Ordinary Shares") at £2.90 per share ("Offer Price"). The Offer Price was at the closing bid price on 25 June 2025.
· A total of 1,713,830 new Ordinary Shares will be issued through the Subscription at the Offer Price, raising £4,970,107 (before expenses)
· A total of 12,507,793 new Ordinary Shares will be issued through the Bookbuild at the Offer Price, raising £36,272,600 (before expenses)