RE: So what's next?8 Jul 2025 08:42
Well, I invested for a small stake last week. I'm assuming HL will facilitate the WRAP offers. I'll certainly participate in the next 2 at least. Hoping we'll get one in the next day or so. SWC did the first few only a week apart each. That's the gold standard for me. Each at market price. Another gold standard. I don't agree with discounted placings, as the message is one of desperation and an immediate red flag for me.
The other thing they need to do is kick off an OTC listing. Again SWC were really quick off the mark. COIN were lucky that they have had one for ages, but they had pitiful volume going through. It only kicked off for them after the SWC listing.
They have organised a spaces meeting. First tick in the box.
They need to show that they can get institutions to buy in. That will be critical in a month's time, otherwise their fund raising will filter.
Lots to do, and to prove they are up to the job. On paper they should be. Let's see the action PDQ.
GLA