RE: Emmm20 Nov 2025 06:09
On the “staggering” word count – fair comment, but I’d rather spend the time highlighting risks and delivery gaps than watch the same mistakes repeat for another year. Most of my longer posts only happen when yet another timeline slips or narrative shifts. Prevention is cheaper than the cure, and the share price is the cure that keeps being applied.
A few quick reality checks on the ramping side (because these things do matter when sentiment eventually flips):
* End-Sep / early-Oct: multiple posters (including some very vocal ones) insisting MICA was “days away” the moment I posted the Tim email surfaced. It wasn’t.
* Post-suspension: confident predictions that SemNet issues would be fixed in “6 weeks to 3 months”. Still waiting.
* July: widespread 5p–10p calls, some posting hourly updates. Price went the other way – hard.
* The old Netformx/SemNet deal that was supposedly worth “tens of millions a year” quietly morphed into the GS Money site that had vanished for 3 years!.
* GS20 exchange website criticised here last year (I took flak for it); now generally accepted as sub-par.
* BOD comms avoidance flagged all last year; now widely acknowledged as a weakness.
Pattern: the optimistic camp rarely gets push-back when they’re wrong (because it’s the “popular” view at the time), whereas anyone highlighting risks gets labelled a basher. That asymmetry is why sentiment is where it is.
On the BTC treasury – announced five months ago tomorrow. Raised at 1.2p (heavily dilutive), promised up to $2m deployment, and five months later only ~half has actually been spent. If they’d executed two months earlier we would have seen 10-20p. That’s not hindsight; plenty of us were screaming for a treasury in the early part of the year when BTC treasury were pumping !
At 0.7p the mathematical upside is obviously huge – no argument there. But upside only materialises if execution and communication improve dramatically. Five pillars, zero regular updates, and radio silence between milestones isn’t a recipe for re-rating – it’s a recipe for the share price to keep drifting on tiny volume until something forces their hand.
I hold, I have sold over 80 % of my original holding and I’ll keep holding what I have, hero or zero, and I still believe the assets can deliver life-changing returns one day. But pretending everything is fine and “they only speak when there’s news” is how we went from 3.5p+ to sub-1p in the first place.
Happy to be proved wrong – in fact I’d love nothing more – but it’ll take delivery, not hope.
Pro tip today if you can get a quote this AM buy WCAP !
GLA
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