Member Info for platypus

Only 4000 left at 24p, then onto 29p to buy

24p trade just gone through

23p

sp climbing on Britdaq :)

To quote you directly.. "Never heard such ramping in my life.. who cares what a shareholder of Whetstone is worth. GSC is not Whetstone." GSC is 66% of Whetstone. Whetstone is GSCs only asset... The calculations I made in my original post are very easy to follow. If you are a Whetstone shareholder you perhaps should care what a shareholder of Whetstone (namely GSC) is worth.... As their value is based on their only asset ie a 66% holding in Whetstone. Its not rocket science

Attempting to work out a valuation for Whetstone.....

Guildford Street Capital (GSC) owns 66.49% of Whetstone see: http://whetstone.capital/

According to this filing at companies house on 7th August: https://beta.companieshouse.gov.uk/company/10868344/filing-history

Someone bought 157,000 GSC shares at 88p each, if for arguments sake a value of 88p is applied to the entire share capital of 20,167,000, it would value GSC at approx £17.7m

As far as I can tell the only asset that GSC has is its 38.4m Whetstone shares (ie 66%)

May be making a few assumptions here, but if 66% of Whetsone is valued at £17.7m, then on that basis Whetstone could/should be valued at circa £26.8m.

There are just shy of 58m Whetstone shares (38.5m held by Allan Biggar through GSC)

£26.8m / 58m shares gives you a share price of 46.2p (cheapest offer currently 24p on Britdaq)

Please feel free to comment away, appreciate some assumptions have been made in my logic/calculations.

Bargain if they get them

35p to buy and only 5k currently available

19.5p to buy, edging up..

For those that missed it last week, re subsidiary claims referred to in liquidators last update... https://www.scotsman.com/news/law-firm-ordered-to-reveal-details-of-oldco-rangers-settlement-1-4773481

Few trades gone through this morning and some big buys (35k & 40k) added to the buy side...... :)

Last update is liquidators progress report dated 8th March.

Read the section titled 'subsidiary claims'.

https://beta.companieshouse.gov.uk/company/00527186/filing-history

2nd WHET deal can't be far off????

So why say 'we got 5p back per share', why not 17p? Dumbkopf

GumT - you sold your WHET at 5p? #schoolboyerror

Manifesto.... could get VERY interesting if shorts are still active and WRN exits liquidation. Totally unique situation

Happy, chilled and relaxed.

Seen some much bigger buys go through in last few days, upward trend forming........19p to buy now

tankdog - just suppose for one moment, maybe against your judgement, that Aidan is telling the truth....

think.....after nearly 4 years why isn't WRN dead and buried?
think.....why did you receive free shares in Whetstone - has that EVER happened before?
think.....if what he describes in his blog is true (and I for one believe it is)

It's so easy to mis-judge people/situations when we have little info to go on....

When I launched this website in late 2016, I said at the time that "It is somewhat ironic that the last chapter of my book looks like being played out in public, when I would have preferred it to remain private, but I suppose it has the benefit of enabling people to see a genuine miracle take place, whilst it is still possible to deny that it will" Despite every conceivable type of opposition, which I propose to summarise over the next couple of weeks - prior to the launch of the legal action against those primarily responsible for the campaign of Tortious Interference - that final chapter is now close to completion. And keep in mind that the acquisition programme originally planned has, thus far, had to take place without the benefit of liquid main market listed paper. How much simpler would the whole process have been had we had the benefit of easily traded shares from the outset - if, say, Worthington had not been undermined? As I said, I will be outlining the extent of that opposition prior to 18th July when a full litigation update will be provided, together with some rather surprising news relating to the FCA. But for long suffering shareholders of Worthington, the next few weeks should bring some very welcome news. Happy, chilled & relaxed