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it may well be normal but there past record don't look that good does it, id say every placing is less than the last one, maybe the next one will break there duck, well it should do surely.
It is normal to have the ability to issue new shares and it is necessary to create them at an agm or egm. I would speculate based on what the Chairman said that they will only look to issue new shares when the NAV gets to £50 million+. So essentially when Leap has been sold and the sp will be say 25p. The new shares will be issued at that price to create a fund of circa £100 million to make serious investments in the Cannabis and wellness sectors. That would allow investors to get out at a good profit if they choose when the Leap money lands. Just my thoughts if I was sitting in Ed’s shoes.
LEAP has been going to IPO OR sold in the next Q something or other for a very long time. Tomorrow has always been a very strong promise for years.
So just forget it and wait until something actually happens .
Big boys are not interested, yet, until some firm news and a rise in the NAV occurs SEED will fiddle along.
Six years we have been hearing the same old promises and upbeat statements from some of you who would have been better occupied living instead of posting any little news you spent hours searching that is relevant to FFWD / SEED. Whatever good things you post do not do the slightest good to the SP and read by very few at a guess.
You either feel it is worth investing in SEED or you sell up. We own a few hundred thousand shares and do not intend to increase towards the million mark.
WE DO THINK IT IS WORTH HOLDING ON TO THE SHARES WE HAVE, AS WE MAY DOUBLE OUR MONEY, PLUS. Doubling we could have done investing elsewhere over the last six years. But we fill our ISAs with them just incase there is a massive breakthrough
yes he did say 50mill, don't forget the possible 100% new shares now, why rush that if he thinks we get loads for Leap, no good being awash with cash if you don't put it to use.
But he has given a very big hint that Leap is worth a lot of money by saying we will have a £50 million + market cap by the end of this year. The only way that will be achieved is Leap bringing in a very large sum. I believe we are in for a very pleasant surprise. Remember Ed will have a very clear idea of that sum as he is involved in the process as a Director of Leap.
I'm sure its calendar, Ed been working with Leap nearly 7 months now on IPO/Sale, no feedback on how its going but that's no surprise really
Does anyone know when Ed mentioned Q3 IPO - is he referring to calender Q3 or financial year Q3?