Member Info for CLSKBull

It's hard to justify the spacex valuation, but I find the same with Tesla, I don't get it, the musk fandom is crazy.

The ai stuff is interesting as 1 bil people are not going to pay $10 a month to use it, so where are the fundamentals to support this crazy spend? Either it gets really good, and businesses pay good money for efficiency, or it has a massive pullback triggering a market crash (I'm confident it's the latter). A number of things are already bubbly, so I think 36 months won't happen, but that's the game

Miners doing well thanks to iren, I'm hoping to see clsk into the 30-40 range, but would require a hpc deal.

Both mara and clsk have high short %, the relative strength while btc carries on down suggests the market is treating them increasingly as hpc rather than miners.

Hope you're all doing well. Strange market action out there, btc drifting down while indexes hitting aths. AI related stuff still leading the way.

KR1 totally unloved. Annoying as I have a decent holding, hard to know if we're going to get an alt season or not. Space sector interesting with incoming spacex ipo. Has qbt renamed itself to quantum space AI yet?

This always goes down when Nasdaq goes down. Just seems a normal day on that front. Shame we weren't given any us launch target dates though.

There was no volume when it listed, there's no buzz to kill, but it's a very interesting stock. You don't see what I see. I think they'll make adequate noises on results release.

No idea mate I'll see what they have to say and go from there. Here's a clue with Nasdaq for you, fundamentals are for amateurs. They matter a little bit, but not that much. Heading to late cycle soon. This is 10x or 0x. I like those odds for a coin flip.

Yeah he's not got a clue, he's the board's pantomime bad guy. Can't get a thing right.

Hard to keep up with you Britney, there was 30 mil volume the other week, 2 mil cash invested recently, I've got a feeling about this one. Anyway keep your posts coming I enjoy them they are always so stupid and make me laugh.

I hate autocorrect

You keep going on about 150 mil, that was a UK pilot, it wasn't bau. News releases show they've been signing up agreements with us retailers, is the prereq for us launch. They key bit of the results is guidance on us launch, none of the other stuff you keep drinking on about.

Missing the point as per usual, they haven't launched in the US so of course you won't get numbers. Markets are forward looking - free lesson for you xx

Based on current GBP/USD exchange rate of 1.348, and Hawk loan value of £7965000, I get the below NAV calcs, which illustrate the multibag potential here. Basically below $10 this is worth nothing, but above $15 it really starts multiplying.

As illustrated in previous posts, if WSHP hurries up and launches in the US, and we start seeing traction with them raking in revenue, then this is a no brainer. It's all execution risk here. If they get going and launch successfully via influencers in the US like they did in the pilot, then this goes mental. If they keep delaying and biding their time then it's bad news for us.

But we have seen what can happen on WSHP on the NASDAQ, crazy highs and crazy lows and massive volume recently. These results are very important, but as I say the actual results don't matter as they are legacy, what matters is the guidance on US launch.

WSHP Price (USD) NAV per WCAP share (GBP)

10 0.0037

15 0.0146

20 0.0255

25 0.0363

30 0.0472

35 0.0580

40 0.0689

45 0.0798

50 0.0906

55 0.1015

60 0.1124

65 0.1232

70 0.1341

75 0.1450

80 0.1558

85 0.1667

90 0.1776

95 0.1884

100 0.1993

Ok think we've all got the measure of toxic, nothing of value to add just wants second by second price based conflict. Paints a sorry looking portrait. Some self development recommended.

Why are you wasting your time here, it's clearly not for you? It's a high risk stock that could go one of two ways, hugely successful or failure to launch. Risk reward ratio is fine for me.

It was up 20% yesterday TB, your analysis doesn't stack up to what's happening. Are you a serious investor or just dumping on this for no reason?

My experience is that most Nasdaq listed companies will do a live webcast where they run through results, tell us what their plans are and answer a few analyst questions.

I'll have whatever Google AI is smoking - 3bil of sales in Q4 is pure fantasy.

All I'm saying is don't get ahead of yourselves as you'll just end up disappointed. This hasn't even launched in the US yet. But will be good to hear them speak and hopefully get some solid progress. We know they've signed on retailers, we know they're hiring US staff, we just need to know where they are on launching.

The results won't be very good is my expectation but the market shouldn't care, this is all about the US, and any solid rollout guidance with near term dates would be supportive of price. Btw, CAA is just a recruitment agent, but hopefully they are hiring the staff they need to get this moving.

It's a private company so no idea but you are missing the key point:

Topcashback gives all the cashback to the user, they do not take this as revenue (company revenue will be small, and company valuation would also be small).

WeShop does not give the cashback to the user, it gives them shares instead.

Therefore WeShop (if they get a good active user base) could have massively higher revenues than a TopCashback model, which gives the cashback to the user and does not take it as revenue.

"The company is overvalued, what metric justifies $100m mkt cap?"

I would look at sector peers. Here's an example: https://www.topcashback.com/

Members earn on average $450 cash back a year according to that.

They have 15 to 25 mil subscribers - I don't know what the "active US" subscriber base is, but let's say it was 1mil, that would equate to 450mil revenue for WeShop if it had 1mil subscribers with the same profile as top cashback.

The key difference is that WeShop takes the affiliate cashback and rewards the user with shares rather than cashback, so the money goes in house.

$100mil mcap is nothing - or overvalued - depending on your viewpoint. If they execute well this is ridiculously undervalued, if they don't execute well, then it's junk.