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I see. You might consider some sort of hook to hold it up there. It might not be pretty if it came down whilst stropping!
Also, I believe that fabric is nylon? I don't know how well that works...

I am with Neil. The leather is to be used on the front side with the logo while the nylon webbed strop hangs. The nylon webbed one would be summarily used by turning the whole strop over and allowing...