Updated: My NBF is a Harold Wilson for the bitcoin era but what are the maths on Smarter Web Company shares now?

One of the highlights of daughter Olaf’s acting career was her playing Harold Wilson in Made in Dagenham. Wilson famously said that the pound in your pocket ws worth the same today as it was yesterday after he had just devalued Sterling. Even Rachel from Customer Services might be able to understand why that was not true. I was reminded of Wilson’s comment when my New Best Friend Amdrew Webley of The Smarter Web Company (SWC) took to X as bitcoin took a beating again yesterday.

Smarter Web Company (#SWC) raises another half a millon quid at 54p under its ATM death spiral facility

The Smarter Web Company (#SWC) buys 10 bitcoin, brings average purchase price down to $111,232 (no comment!)

The Smarter Web Company (#SWC) – “intention to transfer listing to the Main Market of the London Stock Exchange”

Andrew Webley tweets to mislead

The grifter Andrew Webley of the Smarter Web Company (SWC) has sent out his long weekly X message. You can read it below and one takeaway is that the grifter says he is going to spend less time promoting the shares ( I guess pushing shit uphill is not everyone’s cup of tea) and more time at his desk creating value. He also misleads the muppets who follow him with fake numbers.

Bookmark this X: the grifter Andrew Webley clutching at straws

With bitcoin now back at $84,000 having slipped below $82,000 earlier today the grifter Andrew Webley is clutching at straws. Bookmark this X post below. 

The Death Spiral ATM facility unravel continues at The Smarter Web Company as hard data calls CEO Andrew Webley out as a moron!

When it comes to other people’s money is Andrew Webley, the grifter in charge of the Smarter Web Company (SWC) the worst investor on the listed scene? I merely offer up facts that his cheerleaders will not wish to take on board as they discuss his “bitcoin yield to date” and other completely made up metrics.

Andrew Webley boasts of another day eroding shareholder value at The Smarter Web Company

For all the talk of having a smart strategy for making money from Bitcoin, the reality is that the grossly overpaid team of “gurus” at The Smarter Web Company (SWC) have simply bought shitcoin as soon as they have raised fresh fiat from gullible investors. The average price it has paid has been $108,635. The bitcoin price is now $101,750.

Oh dear, Oh dear, the ATM is running out of money for Smarter Web, now 92.4% off peak ramp

As I have noted before, ATMs, aka death spirals might work when a stock is flying. But when it is tanking they act to stop the share price gains on the few up days and cannot be used on the many down days. Thus they crush the share price and that causes volumes to dry up and thus bring in ever reduced proceeds. Today’s ATM update from the Smarter Web Company (SWC) is horrific and leaves its shares at just 50p to sell.

Do these folks just not understand dilution?

@ZynxBTC is a full time tweeter of rampatsic nonsense about bitcoin, bitcoin in treasury companies in general and The Smarter Web Company (SWC) where he was buying shares all the way up and down and insists that he is still going to mint it. The stupid force is strong with Zynx who is venerated as something of a bien pensant in the X #SWC community. a recent tweet says it all.

Is Jesse Myers stupid or wicked?

Jesse Myers is not a common or garden Bulletin Board Moron, he is head of bitcoin strategy at The Smarter Web Company (SWC). As we know, the "strategy" is to raise fiat by issuing shares and then buy bitcoin asap. There is no finesse here in terms of timing or trading and why Smarter has bloated its PLC costs with numerous hires to roll out the "strategy" is anyone's guess. Jesse famously refers to me as "That Man" and seems to spend 90% of his time on X.

Smarter Web: More death spiral vicar?

The bitcoin price has bounced and so to have the shares in Smarter Web Company (SWC) the latter are now 67.5p, playing a fully diluted NAV of perhaps 50p. A fool and his money are easily parted. Meanwhile there is another dose of ATM death spiral.

The (not so) Smarter Web Co - a real bear scenario, I have been too generous apparently

With the shares in Smarter Web (SWC) fast approaching fully diluted NAV of around 46p (and which itself is falling post the recent Bitcoin price decline of near 20% and thanks to the bloated Plc overheads), a fellow market professional reckons my share price target of NAV, 46p, is far too generous. He opines:

Grifter Andrew Webley talks cock (again) and cannot do basic maths

Smarter Web Company (SWC) shares ended Friday at just 55.5p, down from 660p less then three months ago when its founder, the grifter Andrew Webley was urging folks to fill their boots as, based on new valuation metrics which have upended all the laws of investment, the shares were still cheap. Whatever..

These people are mad as a box of frogs: As NAV plunges to sub 46p and the shares to 55.5p, Smarter Web part 1

Shares in The Smarter Web Company (SWC), 660p just three months ago, closed Friday at just 55.5p.Grifter Andrew Webley was urging folks to buy all the way down insisting that new valuation metrics made the shares look cheap. The grifter is still at it, and still misleading his flock, as I shall demonstrate later.

EXPOSE: When will Smarter Web have to sell some of its bitcoin (almost certainly at a loss)?

The Smarter Web Company (SWC) shares, once 660p, are today just 59.5p. Welcome to the minus 90% club grifter Andrew Webley, who appears to have blocked me on X so that I cannot track his shareholder funded jet set lifestyle presenting at conferences across the globe. But if you think things are bad now….

Smarter Web shares now just 85p – FTSE 100 dreams in tatters

The grifter Andrew Webley and his overpaid limp dick colleagues at The Smarter Web Company (SWC) may dismiss the warnings of old TW, aka THAT MAN, as much as they wish but the shares have plunged from 660p on June 23 to just 85p today. But guess what? They are still overvalued.

TW is “That man” – Smarter Web in denial

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…

The Euroloon spots a flaw in The Grifter’s M&A strategy at The Smarter Web Company

The grifter Andrew Webley thinks that he might bolster the, inflated, share price of The Smarter Web Company (SWC) with a spot of M&A. He reckons that using his paper, still defying gravity and trading at a monster premium to NAV he can buy peers trading at a discount to NAV. But my good friend the Euroloon Jonathan Price has sent me over the article below suggesting that this strategy may, like our mutually beloved West Ham, be doomed. It reads:

The Reverend Andrew Carter needs to pray harder or maybe God is not listening: Smarter Web shares now 86% off peak and still grossly overvalued!

The Smarter Web Company (SWC) was going to make it into the FTSE 100 claimed its grifting boss Andrew Webley. Believers like the Reverend Andrew Carter of the Church of Mammon thought their prayers had been answered as the shares peaked at 660p on June 23. This morning they are just 90p to sell, a loss of 86% for those buying at peak. But…