Member Info for GLR1990

Doesn't it get a bit iffy once you get to 30%?

Be interesting to see how far it goes, they were willing to take 45% of everyones holding at 2.2p

Yes good tactic, but was trading a bit lower at the time

He is pushing the price up, and if the price is 10% higher than the tender on the tender date, it gets pulled.

What does he want such a huge ownership, anyone know?

There you go now over 20%

got to be careful because so little volume, if wanted to go to 30% no chance without paying 3p+ maybe even 4p+

wonder if they will increase the price of the tender, technically it is currently default because the RNS stated if the SP went 10% over the tender price (2.2p) on the tender date (14th Aug) it would be pulled.

I thought that but I dont think it can be pulled

When they list on AQSE the funds can then be 'listed' and the £10m can be put towards BTC purchases

Looks like they got stung by a rule breach, I believe if you buy crypto exceeding your total assets it can breach IFRS accounting standards (or something like that...) so they cant currently buy any bitcoin until listed on AQSE

Bit of a disaster really, very very poor, but all should be sorted soon and back to 0.2

Hmm took some for a trade

2 ways to win 1 way to lose

Win

1. successful move to AQSE buying at 0.14 vs 0.2 placing massive discount to NAV

2. placing pulled = massive discount to nav forward selling short squeeze

lose

3. conduct a lower placing at 0.1 but cant go lower as below nominal

Who did you speak too at FS Art?

Agree Tool

1 How many shares is it 824m or is it 5.7bn?

2 if 5.7bn then why does it say on the RNS shares will ONLY BE ADMITTED TO MAIN MARKET LSE when secondary prospectus is published

3. Now not going on LSE, OK so will just transfer shares to AQSE but what if they are not admitted in time to the main market then move to LSE?

4. Can the placing be pulled?

5. If its pulled what next, short squeeze or re-negotiate raise at a lower price / bid price?

6. IF CASH IS IN THE BANK THEN WHY NOT BUY SOME BITCOIN?! THIS WOULD SKYROCKET THE PRICE! ESPECIALLY £10M!

Lots of Q's...

Dont think it would go below nominal which is 0.1

If they do re-raise then might be at that price

or could be 0.2

thats the gamble so to speak

They definitely havent got the shares or the money

BUT

at 0.14 IF they do get the shares and the money then would be a squeeze and we will do very well

My concern is if the 0.2 price gets renogiated or any of the terms of the original placing deal are pulled / changed due to moving on LSE

The money is in Q but they have DEFINITELY not got the shares it precisely says it in the rns no questions asked.

Fair enough

Good points made all round

Hopefully company can clarify

Unfortunately not the case

the company will APPLY FOR THE SHARES TO BE ADMITTED TO THE MAIN MARKET UPON THE PUBLICATION OF A SECONDARY PROSPECTUS APPROVED BY THE FCA

no shares admitted no £10m

Unless you are expecting £10m of investors to be OK giving the company £10m for no shares in return?

when they move to AQSE this will breach the terms and conditions of the placing and subscription, and they will need to be re-negotiated IMHO

of course the company could clarify this or buy some bitcoin if they do have the £10m... they got the £10m on the 18th July didnt they?? so why havent they bought any bitcoin?? or maybe the didnt.

The fundraise has already concluded and the shares are to be issued on the publication of a secondary prospectus

So they funders cannot have a say on this?

However, if the seconadary prospectus is not released (as per todays RNS, that looks very unlikely as they are moving to AQSE) then the shares will never be issued on the main market, and the fundraise will be what.... pulled?

This is starting to look very, very dodgy!

On a serious note I do think this is a highly logical, calculated gamble.

JM is taking up 40% of the company, its clear its been ran via the back seat and Ed likely is happy to finally move on and live his life.

SEED is one of the best positioned companies on the entire market, with £8m in private investments and £3m+ in cash vs market cap of just over £4m GBP

Ive said for months now they should have jumped on the BTC treasury band wagon when it was super hot, but to be fair there's no longevity in that... if they have some attractive AI / Robotics investments they can deploy cash into, that can trade on huge multiples.

No matter what way you dress it up, the potential here 'in the right hands' is absolutely astronomical, so its worth consideration just based on that.

At the end of the day you still need a good jockey and a good trainer, and perhaps a bit of luck, but the SEED horse has champion calibre pedigree so you place your bets and you can be comfortable with the outcome.

Stick it all in bitcoin and call it a day

by 2032 (conversion date) the BTC will probably be worth more than the gold asset ever would be anyway...

This is a joke but actually could come true!

Be funny is the bond holders said put it all in bitcoin!

Although they are bond holders, not bong holders.

Is that where the AGM is? Haha

Floor 85, Guernsey Towers... please note the lift is out of operation.

Does need explaining why the BTC holding has been reduced, was it initially falsely overstated, or have they sold some for what reason, is that the policy to hold bitcoin instead of cash, BUT still sell and use 'BTC' to fund operations....?

I think most of us here have been caught in a bit of a book flip

Previous directors did the initial placing, then bought open market, when the market was hot.

They have now left, the market is still hot but CLAI has a change of ship / personnel so people are selling down at any price to get off the books.

The current CEO seems more than capable of taking this forward, was founder of TAO strategies. Has put cash in, albeit obv just took warrants but what CEO/BOD dont do that, they always have very favourable options...

I just cant get away from the simple fact they have raised £10m GBP and it cannot be sold down aggressively, the losses would be astronomic. The CEO is capable, and the AI approach is potentially lucrative but the jury is firmly out on that one long term.

with £10m they should be able to move the SP

Not advice, dont bet the farm!

GLR

Yes but you wont be able to sell £10m shares at 0.22, 0.25 or even 0.3p for that matter, if you want out youll be selling them all the way down to zero and you will have to wait over a year for the volume to clear. So the £10m investors have absolutely no way of making any profit whatsoever unless this company seriously increases in both value and sentiment.

We might be able to liquidate small holdings of £1K or £5K or £10K depending what you are holding/trading, try selling £10m at the bid price! You would be banned from every exchange for market abuse.

So the £10m is locked in for at least a year, maybe more.

Sure there will be some small holders who flip, but whoever put in the majority needs this to perform and perform well. (or BTC to double...)

Price action really doesnt make sense unless there is some bad news that we are not aware of.

Right now at 0.23p bid you have

- £10m incoming at 0.20p so barely a discount, 15% which is fair for £10m!

- £500K SOL position already on the books

- £500K bitcoin already on the books / cash

Fully diluted cap post placing and cash injection of £10m will be at this price, around £11.5m GBP!

So we are literally trading at an MNAV of 1x!

AI subnet producing 10 tao per day, valued basically at nothing / zero!

I dont understand the price action at CLAI at all... makes zero sense!

Moral of the story

Go where you are valued.