Member Info for Tra8tr

You do realize that none of the investors even have their shares yet and can't sell. You also realize that the total volume on the day is like 300k, so no ones racing for the door. I think you should maybe do a bit more research on how markets work

Are you sure? I guess well see

Informed from who?

A responsibly priced raised in line with proper MNAV is not what you depict in your message. You look at large mistakes and market mismanagement from SWC publicly stating they "won't raise money at a discount" but then have just raised money at 2.00 when their previous raises were as high as 3.95. I'll say it again, down rounds are much worse then discounts. Pricing things inline with proper MNAV to ensure that the following raises will ALWAYS be done at a higher price than the previous is a long term sustainable goal. If retail over prices the market, that doesn't mean that management should do an irresponsible thing and bag shareholders by raising money at an inflated unsustainable price, this simply just sets the company up for a weaker, down rounds. I would imagine the company puts out a release this week in regards to the final deal size, and then well see what the next steps are. For me, Im a buyer at these levels as I see this being a steady march up!

Not to mention Andrew was publicly saying that he turned down money at like 2.95 because "it was a discount to market and he would never raise at a discount to market". Then proceeds to do a 50% down round. Ego driven Inexperience at its best

Seems they have some ties to Kraken with this appointment. Maybe Kraken is one of the institutions that invested in the round? That would for sure be a great signal!

Super strong board appointment. Former general counsel and head of Government affairs of the LSE and current General Counsel and Government affairs of Kraken!!

https://www.londonstockexchange.com/news-article/SATS/board-appointment-of-jonathan-jachym/17162890

When did the broker say they wouldn't be unlisted for along time?

It's been a few days since the announcement of the closing of the book, I would imagine we get an update here soon on funding with final numbers and hopefully participants of the book. Once they start acquiring bitcoin this should liven up a bit. I think these levels are a long term steal, Ill be buying some in here

How about the ones that participated at 3.95? This whole nonsense Andrew pukes about how they "won't do raises at a discount to market". meanwhile he's done multiple significant down rounds, which is far worse than a discount to market. Proper price management ensuring that each round you do is at a higher price then the previous requires discounts to market in these situation due to the high MNAVs that are being reflected in the markets. Drinking your own cool aide and thinking short term with big egos, completely ignoring the fact that most of the money is and was coming from a short arbitrage, and publicly pigeon holing yourself with unsustainable narratives about never offering a discount is simply just disastrous. The inexperience and ego driven decisions from management will have long term negative results. In addition, still no one talking about the enormous amounts of 2.5p warrants that aren't being publicly disclosed or calculated into the public MNAV they are representing. There is over 75m 2.5p warrants, many of which are held by Andrew himself, this is completely deceptive, and will not bode well in regards to a main market listing.

Until the prospectus is approved, none of these shares or warrants are able to be exercised or sold

You're missing the point completely. First, SWC has over 70m undisclosed warrants at 2.5p, that they aren't telling investors about and aren't calculating into their MNAV, this is completely deceptive and will be used by management and stakeholders to dump onto unsuspecting investors when they come off restriction. Second, SWCs whole "we won't raise at a discount" shows their lack of understanding of how to properly manage a long term capital raising program. It's not about a discount to market, it's about offering the correct and appropriate MNAV to strong institutional investors, that ensures you can continue to raise larger follow on rounds at a higher share price and MNAV. SWC has been taking any money available "not at a discount" but is completely ignoring the fact that they have done multiple disastrous down rounds. DOWN ROUNDS ARE BAD, DISCOUNTS ARE NOT. SWC will now have to raise money at almost a 50% premium to market to not completely f over their previous round investors who invested at 2.95 and 3.95. Cleary as you can see this is not sustainable. SATS is a main market listed company, clearly showing that their first raise is close to if not more then SWC has raised since inception, I suspect the second raise will be done at a significantly higher price for a much larger amount, given the strong institutional backing they have received. Finally, everything is about transparency, which SWC has made claims to do but shown their true colors by deceiving the market completely with the non disclosed huge material block of 2.5p warrants. SATS on the other hand, announced weeks ago the raise at 1p, fully disclosing to the market their intention. In addition, there are no hidden warrants, everything is fully disclosed as it should be. For me, hopefully both of them do well, as rising tides benefit all ships, but it appears the wind has been taken out of SWC and they will have to renege on several statements they've made.

Is it more important to make sure you're not doing down rounds, i.e raising at a lower price then the previous financing. To me that's much more important than this ridiculous narrative that "I will never raise money at a discount to market". That's simply not sustainable. Ensuring the investors are seeing consistent upside rather than a 40-50% down round is the proper way to manage markets for companies that are consistently raising.

They mentioned the books would close not he 23rd, I would expect the update the market on the raise Thursday or Friday, they don't need a US listing for this to be completed, the US listing will help with liquidity on the stock

The last subscription was significantly higher, this is a down round. Andrew should be less worried about a "discount to market" and more focused on making sure each raise is done at a higher share price than the previous. Down rounds are worse then discounts.

Ok so Im lying? In less than a year the share structure almost doubles with very little additional cash and you don't think that's important or deceptive to not include it in the current MNAV? Assuming the price stays flat or continues to rise, or even declines, these will still come into play so anyone investing here with a medium to long term outlook should be counting these into the float. In addition, the company should be openly disclosing this. If you were buying a house and the realtor knew that in less then a year the actual value of your home was going to be cut in half, would you not think it would be an important thing to disclose?

There is a huge chunk, I believe over 100m warrants at 2.5p that are NOT being calculated into the MNAV. I believe this to be deceptive and misleading, when warrants are in the money, especially to that extreme, MNAV should be calculated on a fully diluted basis. Considering this would almost double the share count and market cap, the MNAV would do the same. Why is no one talking about this?

It would be good if this settles in around 4-5p then launches from there with the close of the financing. As long as they hit their minimum 100m number this should be an absolute rocket ship

Over reaction to some tweets, I would imagine there will be an announcement from SATS soon

What market are you watching?