Member Info for cowbridge

The broker has a target price for this share of 14p plus

the way to square the circle is for any fund raise to be at 3p or whatever the current price is and not a 10% discount - problems occur when you keep telling everyone how cheap the share is but you are happy to give cheaper shares to friends and family

if you raise at the current price or even a premium you show the market how excited you are to beinvesting and its starts to create a spiral of success

I think there is a strong case for the weshop management to unilaterally announce the reversing of the share awards

it seems to me that there was a false market in the weshop share price it spiked which kicked in the share awards

i dont think any of the shareholders when awarding management their remuneration plan would have reasonably expected it to be exercised on a share spike caused by no liquidity and no information - you have to look at the substance over the form

So wecap makes sales of $432k and paid the directors $63 million in shares as a reward

and that excludes all the advisors who were already paid for the US float!

the share price is squeezed due to mass lockins ?

words fail me at that point

i watched several youtube videos after the float of weshop with the management and as a result bought some wecap shares and that was months ago with no communication apart from that

but at no point in those videos did the weshop management mention that they were not ready to go live and had actually not launched!!

i find this actually incredible at best maybe even wecap had no idea?

i would have thought that any new weshop shareholders would have a right to have their share purchases refunded?

i guess it might turn out alright but it is hard to see when you have a small cap company that has just siphoned off 62 million in funds to insiders

that is quite a hill to climb i am out irrespecitive even if the share recovers you should pay bonuses when you have actually done something

Thanks nice1

i guessed the same

they probably ran out of money a while ago and are keeping the show on the road themselves while they see if they can get a partnership soon and i appreciate that, the sales were disappointing but we are where we are - if you take what they say at face value then there are 3 interested parties and if they structure it by buying product up front that we supply then we could get out of jail completely or at least not needing as much funding - i am always half glass full but resigned also to it not working as i want!

the interesting point was that a fourth party was carrying out randomised study on the product which usually is quite expensive and not often done in this market which suggests to me that it is a serious player - unfortunately that is a hard bar to pass rarely done but a good sign that someone likes the science which is hard for me to assess but was the reason for investing . for example Boots No7 Protect & Perfect serums are clinically proven to reduce wrinkles, Studies show a reduction in the appearance of fine lines and wrinkles, improved skin tone and radiance, and increased firmness and the product i think as a direct result it did very well as a result

so we just wait and hope but i hope that the final outcome is on how well the product works not it never getting to market and maybe all the parties are waiting for the trial to end? so good luck to all

and then we have a sun cream eventually to potentially launch also which might be a different sales channel or include say vitamin d so maybe more of a mass market product at a lower price point? so we just wait

I think it has all flowed from the withdrawal of the partnership with Marannaud. if some one ipoed now and said they had a cream for skin cancer, a sun protection cream and they had a face serum for dark spots that is ready for sale but needs marketing then i think you could get a valation of 20m for the IP - on the basis that it will either fail or make a lot of money but sentiment has gradually gone away and we need a partnership deal so very frustrating as i dont feel we fully know how the products will do and most of the pharma here do not get to product launch

My understanding was that incanthera were focused on a medical cream for skin cancer and it was actually Marinnaud that told them to develop the face serum as it was easier and quicker to get to market so they were not spreading themselves too thinly

On the patent arguments there was either a misunderstanding or agrument and the patents had to be shared or they did not agree with the claim but the timing just as they had spent the money on the new product meant they were in a difficult postion if it could take years so they agreed to no payments but maybe some sharing of the patents? - that is all guess work but you then go to the agreements asking for non disclosure clauses and so all a bit unsatisfactory but can understand a bit where we are and why there is no information, why did they not make the claim much earlier - seemed designed to damage?

anyway i think there is potentially value even a lot of value here but high risk and cannot be sure

but good luck to the management who have reasonable shareholdings difficult times

For me the problems are they said sales were going well and they were not, they didnt have an asia strategy the product was set up for china and we did not sell to china and the instagram people we targeted did not look like our target market you wonder how many middle aged people with surplus cash even saw the adverts

had nothing to say as they sound confident at the agm or maybe there is more work being done on alipay or chinese language tiktok that i do not access to but i think not the case but i guess you had to let their strategy play out

it may be the focus was always on getting a partnership and there is a small chance of a partnership announcement before a fund raise but they have already had a lot of time so more unlikely than likely

it maybe they didnt have much cash so hardly spent any money on the social media campaign so i would think the roll out has not been tried and there is a lot of hope in that but you would need to employ one manager as i dont think they have in house experience and say one or two employees who work full time on the media campaign so you move from a research company to implementation they could work from home and meet once a week or use a part time office structure, i think i would prefer otherwise you give our benefits to a consultancy and you do not learn as an organisation but it is a cultural change are they ready to try and launch this product and can you do it just on influencers or what is a reasonable advertising spend - focus on the uk usa and or china i would have thought, maybe take one or two mba student with social media experience they can get a bonus based on sales or even use a professor from a business school to consult on strategy

i dont know how doable signing up influencers are on a pay per sale basis but liked the idea as it did not have a lot of up front costs

if the skin diary is selling 60,000 units then that is a potential model to follow and would be enough - their main product sells for £135 i have not seen it being shown by influencers but then i do not follow them i have seen it on many adverts when i log onto instagram so it maybe that you do not use instagramers you just pay tiktok and instagram for advertising purely how much you spend but you obviously keep adjusting the advertising and need to make videos etc until it works

they make a claim that it is more effective than retinol which i can see why it sells but am surprised they can be that bold but it is like us a university spin off with technology

i would say that they are not just a life style company they have got to a physical product that i really like and the people i have given it to really like and they had however briefly secured a partnership with marionnaud

sorry for writing so much but i still want them to try to execute

futura medical launched an erectile cream and it did not work because the reviews were not great however i feel here we simply do not know we have not launced the product yet

Hsbc and interactive investor do not let me buy this share

what a shame

You have to ask what percentage say of qualified female lawyers in their 30s and 40s in the Shanghai area know about our product ?

I would of thought no one - so we haven’t launched yet it hasn’t been rejected the product has not been rolled out

The top 50 million Chinese are probably wealthier than the uk

In fairness management have a lot of shares so will want to adjust and go again

Spantrout

i only bought into the share after the marionnaud deal was announced as i thought we had distribution and marionnaud had confirmed or checked the science so for me it slightly reduced my risk then the deal fell through and the partner walked and the share price fell, still felt this meant that the product was probably ok but we did not have an outlet so it made it much more risky and i was down a lot on the share so didnt think it was worth selling and would just have to see and let it run

i am disappointed in that we did not seem to execute the strategy so do not really know so far if it could succeed its like a start up it might work or it might fail it is a high risk investment but the sales figures are so low - you would expect reasonable sales to start with a loss making marketing spend and then the question would be how many people make repeat orders and the science of the cream could buy loyalty

maybe the partnership was always the main plan but i still thought we had some chance as a retailer and we should have tried

but frustrated that we have not had the chance to see if it sells

medic 8 and augusta bader have become quite valuable brands in the last 10 years so if you have a different technology a science based cream there is always room for a new product - very competitive but also a vast market

having had marionnaud as a partner it does not seem impossible we can get another partner and they may be close to doing a deal but they said the sales were going and the were not so that is a major problem

the skin dairy advertises a lot on instagram and came out of work done at manchester university this article claims they are selling over 60,000 units a year and it is done through social media so i think it can be done that is why i think it can work these type of products with patents are rare

https://www.finishingline.co.uk/case-study/the-skin-diary/

no way of knowing if the article is true but i have seen the adverts many times on instagram so probably is true as they are big advertisers

I thought that you sign up a lot of influencers and you dont need to pay them anything but they get say £5 or 10 every times some one clicks through from their link on social media to buy the product. if sales dont take off you need to change influencers to find your customer, or cut the price, or explain the benefits of the product better with better videos and so you can do tiny experiments on what types of posts get sales like a laboratory and you dont have much in up front costs but you get there through trial and error

and then each market on its own like the uk or italy or korea or mexico would be enough on its own to put the company into profit

you go for middle aged women or wealthy working people but through trial and error you find what works if necessary you discount heavily but you would have thought you would have been able to shift product over 6 months

we probably used a consultancy that didnt deliver so you find another one or maybe you do it in house and employ say 2 junior start to contact influencers and each member of staff does a country and start with the uk or usa or china its a risk doing it in house but you do control costs and you are very close then to understanding your customer

if there is no interest or push back you cut prices and you have a discount product or you go on day time tv

in theory it should be possible but i dont know the industry and you can tell me i am mad but few have a ready high end product spun out of a university to sell and is ready for delivery and with science backing

we need a better understanding of why sales did not happen

if we get a deal to supply a big customer then that might be enough and you just stick to research to sell to big pharma or if not lidls and aldi! but i still think there must be a way with low overheads to flog this product on line and actually do very well independently but there needs to be a lot of energy and obviously a new strategy

quite of a few of the protein powder businesses have come through direct sales we just need to employ someone who has done this - you were knocked down in round one and you have to get yourself back up hopefully we are Usyk!

Usually a product is a launched and it gets good reviews and then it succeeds or gets bad reviews and fails

we seemed to have launched a product with a few good reviews but not many people ever got to know about it so we never got to the point where the reviews made a difference either way

i am not sure it was rejected i think the marketing and sales channels did not get the product to people who might have wanted to buy it?

Gosh very very disappointing sales

we didnt seem to have a very good online strategy as the people on it didnt seem mainly to be the customers we wanted was not sure princess sachiko was the best brand ambassador ?

i compared with genaura who launched at the same time and it looked slicker so maybe should have raised money to fund marketing and employed someone with specifically face cream experience but i am now very wary that even genaura did not do that well and you just had to have a bigger partner to distribute and the money could have been wasted - either way i do wonder to what extent the message ever got out did people even know about the product?

its true that if you are launching yourself on social media you would have had it at a lower price point but the idea of the marionnaud partnership was that it was expensive as it had special technology and it was golden as the main target market was china so had to be made in switzerland at a higher cost, we had a higher more expensive product so it did seem reasonable to go with what you had developed based on marionnaud's advice

but as far as i can tell we didnt have any distribution in china no partnership so i dont think it was marketed in china?

they had improved the web site a lot and filled it in tried to explain what it did but there had been no activity on social media since december which was worrying so i just hoped they were finalising a partnership

I see unilver have announced the closure of Ren and that malin and goetz who do very expensive body washes has gone into administration so not an easy time as both had lovely products

the company we ceased partnering with https://limewaypharmadesign.co.uk/ now has a website presumably offering partnerships in similar technology just do not know or understand what they offer?

they have two or three potential businesses the face cream, a sun protection cream and maybe a medical cream for skin cancer as the cream may behave differently to anything else on the market so we will need a strategy and it could easily be retrieved if they get a partner the intellectual property might actually work and be valuable just no one knows it but the company is so small it is high risk but there could be value here still but so far not good, they only have a few staff so any ramp up in sales could change things quickly but at the moment who knows?!

This has been a disappointing share so many shares were locked up maybe there was a false market in weshop shares?

could be still some value here if the weshop price does not decline any further?

anyway i guess all depends on weshops first trading statement!

does the announcement below tell us how well they are doing - someone can explain to me what this means in terms of sales -are they old uk sales or recent american sales i have no idea! in the uk did they make not i think over $100 million but over about 18 months and with the US at least 5 times the market size and wealthier nasdaq should be able to give you a valuation at least in line with one times sales plus for a fast growing techy business?

WeShop Announces $2.0 Million Proceeds from the Exercise of Performance Incentive Grants

PRESS RELEASE GlobeNewswire

Mar. 20, 2026, 07:00 AM

212,156 Performance Incentive Grants were exercised at $9.64 per share between January 30, 2026, and March 17, 2026, generating $2,045,184 in proceeds for WeShop

Proceeds will support working capital and general corporate purposes as WeShop continues expansion across North America

LONDON, March 20, 2026 (GLOBE NEWSWIRE) -- WeShop Holdings Limited (“WeShop” or the “Company”) (NASDAQ: WSHP), the world’s first community-owned social commerce platform, today announced that holders of the WeShop Performance Incentive Grants have exercised their grants to purchase the Company’s Class A ordinary shares.

Since the listing on 14th November 2025, the holders of Performance Incentive Grants have exercised a total of 212,156 grants at $9.64 per share. These exercises generated aggregate proceeds to the Company of $2,045,184. The proceeds provide additional working capital to support WeShop’s ongoing operations, strategic growth initiatives, and expansion in the United States.

“Strengthening our balance sheet positions us to execute our strategy more effectively and deliver long-term value to our retailers, customers, and shareholders,” said John Garner, Founder of WeShop. “This investment underscores the confidence we have in our long-term vision and growth trajectory. The additional capital, together with our existing cash-on-hand, enhances our financial flexibility and enables us to pursue strategic opportunities in an increasingly dynamic market environment without the immediate need for external financing.”

The Performance Incentive Grants vested following the achievement of certain valuation milestones, allowing holders to exercise their grants and providing capital directly to the Company. Based on the certain valuation targets that have been achieved, the total number of grants that are vested and available to exercise is approximately $47 million in proceeds. To date, approximately $2.0 million has been exercis

Thanks moneyraiser yes agreed it was just a possible perception where as it offers a lot of value

the great advantage of appian is that they actually build mines not just sell the asset on

anyway all good we have retraced everything today

Odd time to be selling your shares the possible sale of eureka would transform this company as it would give us the cash to bring the other assets forward and potentially could be enough to get us into production, we dont have to sell which is vital but we could have news in the next one to three months that if the price is good would at least double or more the share price and it would reaffirm the judgement of the management especially with a royalty but we have to be able to walk away and do it ourself

the sunday roast podcast was great - he reaffirmed that appian want to stay involved and that they liked the geology of Pereira Velho but of course it needs more drilling but we have two projects with potential medium term gold production, and also that they were looking at other possible ventures

we had someone on this site who kept trashing the company who has now left the board i dont mind criticism it makes your judgement better but there was no detail in the criticism no argument and that is not helpful to anyone

likewise he explained that the old Alexander assets were not fully explored the main thrust for alexander was to show case their leach technology so they could sell the rights to other miners so there was plenty more potential in the assets and anyway of course we are now in a completely different price environment for silver assets

the recent rns issued shares at a below market price that is fine by me it conserves catch and means we do not have to pay as much cash - any of these projects that work out will be many multiples of the current share price

In a bull market i just dont like to see fund raises over a 5% discount to the share price but a vendor sale is different as the asset is worth many times the purchase price

this is looking good as there should be a steady flow of news

The edison valuation is in my view what the market values other shares for oz in the ground

you would expect a slight premium for the sale of a trophy asset

The market only really starts to fully reward valuations when they are close to production so otherwise you would want to bring this into production yourself but nice that others are interested in our assets a good place to be and a sign of a good work by the management

This is great news

From the resent Edison report

A summary of the range of results for Eureka is presented in Exhibit 7, below, depending on the resource estimate adopted. In the most conservative scenario, we value the undiluted Codelco copper resource at US$3.1m. In the most optimistic, we value Peñoles’ exploration potential at US$47.3m. The average valuation of all six resource estimates is US$20.0m. In addition, because it is not associated with the copper, the gold resource of 52,000oz can be valued at an additional US$1.4m (at an average value of US$26.71/oz Au in-situ for resources listed in London, based on a similar comparison of gold explorers’ EV/oz estimates) to give a total valuation of US$21.4m, within a range of US$4.5–48.7m.

You would want $45 million minimum plus a royalty listen to Robert Friedland in Saudi arabia the copper price is going only one way and Michael Oliver and David Morgan on gold

gla

There should have been no options issued until after the legal claim was sorted, a cash bonus of up to say 30% of salary would have been much more appropriate and a good bonus if there is delivery on the uranium and the solar

do we even have any non executive directors what were they thinking?

even allowed to buy share options at 15p would be a joke

that is only 5 times the current share price

the share collapsed because of tunisia and 15p would only put you back to where you were - 29 million shares would give you a profit of around £3.4 million which would be due not to good management but volatility and a transfer of wealth

the same has happened with ascent resources transfering assets to the management

the full claim could mean the shares are 1/15 of the current value and the directors already probably have plenty of warrants as i think there are lots of those as well surely that is enough get your salary and buy shares in the market like everyone else but a full claim would mean even a greater wealth transfer from existing shareholders

the ceo's salary is about £320k which is a good salary and there does not seem to be any need to dole out large amounts of share options when it just gets us back to square one and any reward would be the result of volatilty or using good lawyers

there is very little academic evidence that bonuses motivate people as they should be doing their job

its only really proven to work when the bonus is a genuine surprise

one of the reasons the banks have been such bad investments is that the companies are run for the benefit of their staff and not their shareholders

Shouldn’t the options be set after the arbitration result and any rise in the share price?

If the arbitration is successful directors would be rewarded for the outcome of the arbitration which is completely out of their control

There has been a big destruction in value you would not reward for just getting your own asset back?

Who signed this off?

Its one of 5 or 6 projects!

the geologist who discovered it is coming over - i treat that as a good sign as he has found a working mine 30km away

applian are staying it was just too small for them? - yes if they now leave the share register that would not be great but that so far is not the plan?

if the grade is lower but it comes out of the ore easily and it is shallow then it can work, you cannot just go by the grade and then a higher price environment - agreed less certain they have to expand the resources but being only 30km from a working mine seems to be a reasonable target, i am not sure it would be in their interests to sell assets that did not have the metallurgy they say it has but yes they need to do work and expand the asset that is why they got it at the price they did but it is a nice add on but i dont think YET central to the valuation here, however the shallow nature would mean if they get any success they would be way earlier into gold production than any of the copper assets so i think a good target and a good plan a chance of early stage gold production while looking for larger copper and possibly silver

the priority i think is eureaka and perhaps short term gold if possible from la nortenga?

and not too many warrants on the way

but this share looks cheap to me