RE: Don't get influenced by social media gurus3 Aug 2025 20:18
@40034427 - The ceo has said there are no plans to issue more shares. So this is not going to get diluted by "printing millions of shares on a weekly/biweekly basis".
If I was Nick I'd rush out an RNS announcing a high profile board appointment. It doesn't cost anything and it would give a real boost to the share price, hopefully similar to the RNS announcing Dr Laffer's appointment.
Anyone know what the free float is? The recent share issue locks holders in for 12 months. Plus directors own quite a few. There can't be many available to trade.
Someone has already posted numerous funding options that don’t involve issuing new shares. My favourite is an interest free loan from a major shareholder, how about the Qatari Royal family, with very favourable repayment terms. They already have 12.5m shares here - £100k at 0.8p - so I’m sure they wouldn’t mind giving say a £5m loan to buy bitcoin. Plus there’s the money from FAU and the FAU shares which are assets that could be used as collateral for loans to buy bitcoin.
No it was not a placing that caused the big drop and no I’m not suggesting that here. GSCU peaked on 1 April, the day Trump announced massive tariffs on the rest of the world, then dropped 30% in three days. 5m shares weren’t issued in GSCU until 7 April so AFTER the big drop from the peak. And that only took it to 555m shares, so less than 1% dilution. So unless people were mind readers AND massively overreacted then it can’t be because of the placing of new shares. In fact it’s more than halved and its total shares are only 573m now vs 550m at the peak - a 4% increase.
…is this meltdown all about? It’s still up 300% in a month and 674% in six months. This is a very small cap firm trying to do something big but new. It’s going to be volatile. If you can’t stand days or weeks of volatility then sell up now, move on, and save us all the f’ing BS you’re posting on here!
Look at GSCU. It dropped massively when Trump announced tariffs on 1 April after a big rise just before. Now this does the same. Coincidence? Maybe. Or it could be people have been spooked by Trump’s tariffs and are monetising shares where they’ve got a big gain so they’ve got cash in an uncertain world.
Not yet. I’ve asked my broker, First Direct, and they said they’d contact Hamak and get back to me within three working days. That was Wednesday. I’ll post their reply here when I get it.