Shorting an AIM stock such as this is just gambling and arrogance that you know better than others and can predict market sentiment and the absence of news....not intelligent at all......just lucky.
I was a shareholder previously from 0.12p to the late 0.2p's...but missed the ride to 0.5p.
I bet Mark wished he had sold then, but Satoshipay was supposed to be worth masses.......maybe it still is worth a great deal more than its book value......even if nought, Dynasty covers the Market cap.....and seem to be progressing.....
I doubt Satoshipay is worth £0.........
Dipped my toe in, did a bit more research and got more confident.... :-)
"the shareholder participating in the Fundraise will receive a warrant allowing the holder to subscribe for ordinary shares in the Company, on a one to one basis, at an exercise price of 0.1 pence for an exercisable period of 3 years, expiring on 17 January 2027 ("Warrants"). The Warrants are not subject to any other performance criteria.
Additionally, in line with the Fundraise and to facilitate immediate free cash to be used for working capital purposes and to assist in delivering the strategy of the Company, the Directors of Blue Star have agreed to receive their remuneration in ordinary shares in the Company, in lieu of cash, on the same terms as the Placing Shares, which include Warrants, for the period between 1 February 2024 and 30 September 2024."
So, is this one shareholder, Mark White and why he sold down or the other large shareholder or a new shareholder....?
And I take comfort that Directors are taking shares at 0.1p instead of cash, but they do get the advantage of free warrants....free because they will only exercise when they can sell at a profit.......