Member Info for PageofCups

If you read the debut announcement to trading, 50% of shares have been put in trust which shoppers have to earn by spending money on the Weshop platform. This means they have to spend Billions of dollars to earn shares in the company. Eventually shoppers may end up owning 90% of Weshop, and there is nothing wrong in that. The shares will have a value and end up being sold and bought just like any other company. The beauty is that shoppers will have spent billions of dollars at Weshop, providing huge revenues and earnings and profit, and shoppers will get back some cash by selling any shares earned. It's a win win.

For clarity,

The company has deposited over 50% of its shares into a trust to be distributed to its shoppers.

https://we.shop/news/weshop-debuts-on-nasdaq-under-ticker-wshp-ushering-in-a-new-retail-revolution/

Just so you know, only 50% of shares in issue will be made available to users of Weshop who buy products through their platform. How much a customer has to spend to receive a share of the company is likely to be quite a bit, think of your Clubcard points when shopping at Tesco.

I will be adding Wcap in tranches for lowest average. When the shares run out, the price will hit double figures. Might not have long though. This afternoons' Nasdaq action will be interesting..

UK pilot completed revenues of over $140m.

Thousands of brands and over 1.2B products.

Weshop partners with John Lewis, Ebay, Selfridges, ASOS, Expedia, British Airways, TEMU, Shein, and many more.

https://x.com/bobbyoflondon/status/1990317926377984076/photo/1

The Chuditch drill is targeting over 1Tcf of gas with 300 million cubic feet per day production, (50,000 barrels oil equivalent per day) from the gas field.

Sunda's 30% interest after farmout, equates to 15,000 barrels of oil equivalent per day.

Pipeline infrastructure in place to deliver gas.

After a false start, it now looks good to start drilling.

Sp did go to 0.085p on last farmout announcement.

240% rise from here.

Progress has been sign posted.

A steal at current price.

Seems like they have their ducks lined up and a rig contract with helicopter service that is acceptable to Timor Gap government partner. The rig contact and financing is likely to be on better financial terms. Environmental permit is due anytime now.

Managed to get 10m @ 0.0248p

Massively undervalued. It was 8p when they announced they were delisting. I expect Ronan Murphy will buy more shares on JP Jenkins after the delisting as he won't be restricted by AIM rules. Daft Mcap at 5m. Their revenues are £13m plus a year. Prime takeover target once delisted.

Time running out for cheap shares. Mon 3rd November is the last day on AIM. Expect some contracts to be announced after de-lsting. A proper valuation can be established once de-listed. 10 X current price on original listing of 30p.

This will get taken over post delisting. Splunk are in the running to make an offer. Smarttech are an elite partner of Splunk.

Not many days left to buy at this crazy price before delisting on 3rd November.

That's a good point Ronan Murphy being banned from buying. until after delisting.

I hope the other directors buy after the meeting tomorrow, before it's delisted, if we are so undervalued.

I can't believe Raluca and others do not have any meaningful holding. Surely they back the company?

You'd think the directors would be buying like crazy before delisting if it's that undervalued.

I wonder what this was all about? Maybe they were going to announce a buy out. Strange they never shared what's coming.

Something exciting is in the works with exclusive expert insights from Splunk and Smarttech247.

Filming is underway… and we can’t wait to share what’s coming.

Stay tuned, more to come very soon!

https://x.com/smarttech247/status/1956007910560944384

Sounds like Smarttech is going to be acquired after delisting. Probably by an American tech company. Splunk most probably. Much easier once the company is private. IPO was £30m, so above that figure.

Https://www.linkedin.com/posts/businessposthq_smarttech247-is-leaving-londons-aim-market-activity-7378088746661097472-EilC

Since year end of July 25, Smarttech have won a number of contracts, but these were not RNS'd. It seems strange not to announce them. It surely would have increased the share price. Some of the contracts don't give a value such as the MDR contract with a leading European Bank. Who knows how much that is worth. Clearly massively undervalued and with all the clients Smarttech have and recurring revenues, it remains an attractive buyout. Seems a no brainer while AIM market has this mispriced.

Outlook

Our positive momentum has continued into FY2026 with a number of further contract wins. In particular, we have just secured a 4-year VisionX MDR contract with a major UK transportation services company worth approximately £715,000. The Company has also received a letter of intent for a 3-year MDR contract with a leading European bank. Smarttech247 has also secured a 1-year deal with a public transportation company and a 1-year deal with a major UK airport, both for dark web monitoring services, with a combined worth of €80,000. The Company has also won a 6-month MDR contract with a global aviation services company (worth €180,000, with a potential 3-year extension due in January 2026).

The sales pipeline also continues to increase compared to the previous period, thereby building momentum and positioning us for continued success. With several new contracts, as described above, we expect the positive impact of these wins to be realised progressively in our recurring revenue during this current financial year and into the next. Going forward, the Company remains well-positioned and well-funded for growth in an exciting sector and with a customer base that clearly values the services that the Company is able to provide.

"I doubt it, because it is merely a small % of shares that sellers have accepted low prices for.."

Did not see any sellers accepting low prices on Friday. They were all buys.

6m buys v 600k sells.

10 X buys.

I expect buys will continue.

Totally bizarre situation Smarttech have got themselves into. The management have self inflicted a huge loss of value, saying they are leaving AIM to get a proper valuation. If they announced they were no longer delisting, then this would go back to 8p, which would be a 200% gain. I'm sure the management are horrified at the markets reaction, but it was always going to be like that. If they want a proper valuation, then announce the company is no longer delisting and we can get back to 8p and probably more, now that the company has gained attention.