Member Info for jfk9

Robert, I am mystified. Why would any new money come in here to buy bitcoin, when its value would need to rise by a factor of at least five for them to see a return on their investment. Surely they would do far better just to go out and buy the bitcoin?

Perhaps AC is about to do us all a favour, take his snout out of the trough and resign!

Whether holding 1 or 10 it is an insignificant amount and insufficient to beneficially impact sp.

That is just 1% of the Smarter Web holding. Whilst they may now be overpriced, GST certainly missed the boat on this one.

And Bitcoin only needs to increase by a multiple of 6 to bring market value and asset value of SWC into line!

So if results are going to be favourable., surely a far better strategy would have been to do a more substantial raise, perhaps £20m, on the back of them. That would buy £200 Bitcoin.

Strikes me the only game in town at the moment is significant Bitcoin investment, US investor exposure and self promotion.

Smarter Web company, a one trick pony, have raised over £100m, just in past couple of months m, now holds 1.000 Bitcoin and has £30m or so in cash. Their market valuation £1,000’ish million which is 7x their asset valuation …… today up over 20%! Just crazy and utterly illogical. I cannot see it being sustained, but who knows.

GST management should surely take note, iin my view a far more solid investment

Strikes me the only way to get valuation up is significant Bitcoin investment. SWC a one trick pony, have raised over £100m, now hold 1.000 Bitcoin and have £30m or so in cash. Their market valuation £750’ish million which is 5x valuation ……crazy!!

Monochrome, I am not deramping. Just pointing out unethical behaviour. I like many have a sizeable investment here and am under water. I do not intend to to increase my investment.

To let their mates get in in the cheap!

Reflecting further on the RNS, it may have been to let their mates in cheap ahead of releasing good results. Let’s hope that’s the case, if so not particularly ethical!

Kat, my sentiments entirely and r at of the market. You do a raise on the back of good results. Bitcoin treasury, too little tooo late and all smacks of desperation.. Semnet looks like a non starter. I will certainly not participate in the valued shareholder placing. Writing on the wall here.

Not doing this on back of results, so clearly they are not going to be good. The BTC treasury train has already left and buying 20 BTC won’t get them very far. Looks like it’s back to sp of 1.2 p today, a dead loss

Thank God they never succeeded in acquiring Trinity exploration!

Likely they will struggle to raise anything now, there delivery performance has been appalling and they have lost all credibility. If they are able go sucker anybody in to providing further funding, it would have to be at a massive discount to a share price which is already on the floor. That would mean considerable dilution. Strikes me, the best option for shareholders is a takeover bid, perhaps 25 to 30p or capable management is brought in to replace these clowns.

Good post, treasury hype seems over blown and now they are all at it. Having said that strikes me that bitcoin is the dominant digital currency and is only going one way. I cannot understand why they are not selling the minors and taking a position on bitcoin, surely a no brainer

They should have announced the treasury move weeks ago, now they are all at it! I fear that boat has sailed

Absolutely, GST are consistently behind the curve, and increasingly looking hopeless. They are proving to be a great disappointment.

Absolutely agree, they could hedge their bets and just move a proportion on BTC, crazy not to

You would have to be nuts to buy in. AC’s 100 percent record for non-delivery remains intact.