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The Smarter Web Company: New death spiral announced, even Angela Rayner could understand the maths

Tom Winnifrith
Thursday 4 September 2025
The Smarter Web Company (SWC) has announced that it has issued another 21 million shares to Shard Capital for it to flog on to its clients under a death spiral which is just bound to drive the shares down. If you look at how the first 21 million death spiral played out even Angela Raynor and her crack tax advisors can figure out the maths and how this plays out.

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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