Member Info for Spill

I feel like we are now invested as the posted NAV seems to be moving around, which is inconsistent with funds simply sitting in a GBP Liquidity account (I think):

24/2/23: 46.2p NAV
27/2/23: 45.9p NAV
28/2/23: 45.72p NAV
1/3/23: 45.65p NAV
2/3/23: 46.5p NAV

Just shedding some light on the recent TR1 for TIME. This is direct from the Wellesley website and provides us with a reason for their sell:

"After seven years of trading, 2020 presented unique and unforeseen challenges that hindered Wellesley’s future liquidity position. This included the Covid19 pandemic and proposed changes in the regulatory environment which meant that Wellesley may no longer be able to raise funding through the issue of listed bonds on Euronext Dublin (formerly the Irish Stock Exchange). As such, Wellesley has entered a course of action to restructure, recapitalise and address these challenges accordingly."