The deal is for Ubecoin a crypto currency that is taking on bartercard. This is just one string in group of uses. The deal allows existing share holders to participate and benefit. It allows the existing shareholders to increase further than the rights through shortfall. It also allows further participation if the shareholder is a soph investor. Or if the shareholder does not want to participate then they still will gain. I spoke with Andrew today to reassure myself before committing. There are two issues (1) not raising enough, Min raise of 175,000GBP. IMO this can easily be done. This allows the deal to go ahead. If the deal goes ahead, then I think that Ubecoin will raise sufficient interest itself. And (2) problems listing on the LSE. There is no record of profitable business. LSE is the preferred exchange and the first port of call. There are other exchanges that we could be eligible as a second choice. I will be all in.
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