Member Info for Veteran10

I look at it from the perspective of a customer. If you read the reviews they are comparing Weshop to cashback sites that payout after 3 months. I wouldn't say merchant of doom is right. I don't have a big holding anymore, JAN has recouped my losses, but I do watch with a view to buying back the holding I once had. Weshop listing was meant to be transformational for Wecap. The price never should have been $200. Now it is back to the IPO price. Wecap is lower than before the IPO. Saying that out allid shows there is an opportunity. I hope they extend the bond next week to get Wecap going. Then it would be down to Weshop to prove they are a proper business.

Like I say, I think the volatile moves up and down are killing the USP. The UK users have mostly written very poor reviews on Weshop too. Alot to do for the management team. I woukd support re-activating UK accounts and giving people back their shares and letting them sell within 3 months. Someone mentioned Weshop asked for suggestions so that's mine. Rebuild trust.

I am asking what was the rumour that turned out to be nonsense and caused the Weshop share price to drop 45% in one day?

The board are not doing a good job, that's the problem. Not enough communication allows these share price moves. Anyone could sign up to Awin affiliate marketing and have something similar to Weshop very quickly. The USP of giving members shares, doesn't seem very good when they don't let you sell for 12 months and the share price drops 75% in less than 2 months. Weshop will have to comment here. You could argue chartists have shorted it back down to the listing price, but members aren't going to accept or sign up to that volatility. I would think it may well bounce from here just on a technical point of view but without proper Weshop comments on progress, the USP of the company is failing. Most will just use a cashback site instead of the uncertainty of shares. The management team should have seen this coming unless they did and the direct listing (rare) was done to allow them to get a good price for their shares...and try to deal with the circumstances after. Wecap may well still be undervalued still, even with this drop, but Weshop needs to sort this mess out or there won't be anything left by November.

Why did you buy in December then?

I didn't see any rumour to drop Weshop 45%.

Instead of posting abuse towards Jason, when it's now Theo running the show, just email your feedback and questions to the contacts listed on the RNS. They can't tell you any inside information but they do reply and engage.

Weshop utilises Cloudfare which has big issues again today. Perhaps that explains the massive drop.

Nothing to do with X rumours. 45% down means the company needs to comment on what is happening. This sort of move is bigger than a chancer on X.

Odd as it hit 70 at one point yesterday. Hedge funds playing games maybe. Weshop can't stay quiet with this sort of movement.

Can't buy £1000 on HL. Only £500 at a time...

19p aside, I would expect us to test 3p shortly. Just selling a couple of other stocks to add on the momentum here.

Something is stirring. See what happens today. Does seem like it is time to take positions.

Bizarre movement. Up to 70 then back to 37 then up a bit again. Algorithm trading?

Have a look

Yep nice day again here. Someone has been accumulating I see.

Weshop finished 22% up

Interestingly only 0.06% of stock is held short at the moment. Points towards a bounce.

Yep came out at midday on US open.

More retailers announced by Weshop. Fashion this time.

Can't get a quote on HL for 2k so could explain the number of small trades. Someone has loaded up a million. Probably thinking they can double their money of this bounces.

Buys going through it seems