51 days ago
On 25 September Hamak Strategy (HAMA) CEO Nick Thurlow told mug punters in an investor meeting that his company was fully funded for 12 months. With negative net current assets that was clearly disingenuous, either Hamak had to sell some of its 20 bitcoin or it needed to issue shares. Today it has announced not one but two death spirals! Confetti ahoy!
62 days ago
As of Wednesday next week you will all be able to gain exposure to bitcoin by buying bitcoin CLNs. You pay NAV and the management fees are trivial so only very marginally erode NAV. And that makes shares in companies with loss making core businesses trading at a premium or multiple of NAV for the insane only, a point I made HERE on Friday. The Smarter Web Company (SWC) was asked by a reader for a response and…
71 days ago
Does anybody care about the rules any more? The FRC will not look at interims. Advisor Peterhouse will say tat “Directors take responsibility” so its clients breaking the rules is not any of its business. And directors clearly don’t give a FF. as for AQSE Regulation.. it makes the Oxymorons at AIM Regulation look like razor sharp teethed bloodhounds.
109 days ago
I discuss bitcoin prices and how and why this bubble is deflating and could bust. I discuss Smarter Web (SWC), Consilium (COIN), now 95% down in 10 weeks, London Bitcoin Company (BTC), Bluebird (BMV) and Satsuma (SATS)
112 days ago
If investment manager Lawrence Lepard is right about bitcoin, then shares in companes like the grifter Andrew Webley's Smarter Web Company (SWC) would probably still be trading at a premium to NAV and be overvalued!
133 days ago
I discuss the worrying way bitcoin and other cryptos are tumbling and what that means for shitcoin in treasury constructs like Smarter Web Company (SWC). I look at three gold companies: Wishbone (WSBN), Serabi (SRB) and Amaroq (AMRQ) and I have had a small bet on the next PM, the odds out there are interesting.
134 days ago
Writing so many articles a day, organizing ShareStock, spending holiday time with the Mrs and Kids, trying to maintain two old houses, there are not enough hours in the day. Oh but there are says LSE Bulletin Board Moron Hydraulicmech. He posts:
136 days ago
In today's podcast I discuss Wishbone Gold (WSBN), The Smarter Web Company (SWC), the Reverend Andrew Carter and the other zealots, Coinsilium (COIN), London Bitcoin Company (BTC), Satsuma (SATS) , your FREE MONEY GUARANTEED WIN TRADE and finally Skinbiotherapeutics (SBTX)
140 days ago
Another day and another bookbuild from The Smarter Web Company (SWC)sees it raising another £17,543,942 gross at 295p, call it £16.5 million net after fees and commission for Tennyson, Peterhouse and others with urgent bills from the Ukrainian Young Ladies and Colombian import merchants to pay. So suckers will pay 295p for a fully diluted NAV of, say, 38p. Guess how that works out in the long run! Following the issue the new maths at a $118,545 bitcoin price are:
142 days ago
The spoof valued at more than 1.1 billion pounds on a fully diluted basis has issued a new research report telling us how we must use new methods to see how cheap Smarter shares are as the old ones do not work. It is lie backed nonsense and all involved should be ashamed. When this bubble bursts many folks will be wiped out while Webley walks away with up to 15 million quid and the advisors cash in warrants at 3p funding the renting of legions of young ladies from Ukraine. This bubble is a disgrace.
162 days ago
1 still trades at almost 9x fully diluted NAV, one could be trading at a discount to NAV within weeks
168 days ago
The guilty men and women, regulators, Rachel from Customer Services, sordid promoters and social media influencers know who they are. When thus bubble bursts and folks who have bought in at ludicrous prices lose everything, bookmark this article and make sure the guilty men and women are held to account.
170 days ago
Bulls of Bitcoin tell you that with countries debasing their Fiat currencies by running continually running budget deficits that Bitcoin will appreciate in value because unlike Fiat currencies, Bitcoin it has a finite supply. And thus you must own bitcoin in treasury stocks but I just flag up a couple more inconvenient truths
205 days ago
https://shareprophets.com/views/80312/tom-winnifrith-bearcast-folks-doing-leni-maths-at-vast-resources-and-at-smarter-web
