UK 05:56 Monday, 21 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
There is no finessing in the strategy of The Smarter Web Company (SWC). Raise fiat at a pemium to NAV then use the net proceds ( 95% to 97%) to buy bitcoin. Folks are thus already anything up to 5% down on the bitcoin trade on day one. Chuck in the fact that they are paying a 150% premiom to NAV and what can possibly go wrong? Meanwhile the fiat cash spunk will eat into that NAV. Grifter Andrew Webley is on twitter showing how.
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