The Smarter Web Co modeler asks what a single TSWCF share owns in bitcoin once every claim ranking ahead of it is settled. Convertible notes are the senior claim ahead of the common, and the projection carries them at their own conversion terms. Claims denominated in GBP are converted at the rate in effect, so a currency move changes what the common owns without any bitcoin changing hands. Senior Claims % and CEBE are recomputed from the capital structure at whatever bitcoin price and issuance path you set, so the figures below are the ones your own assumptions produce rather than a forecast.
| Company | BTC Held | CEBE | FD BPS | Claims % | Equity% | Break-Even |
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