Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Hello,
Yes - that’s exactly what happened. Helium realised that they were going to make far too much money, they did the same with Facebook.
Not too many people know the story, however, when Facebook was just starting out a young Mark Z didn’t have too much cash. Often he would go hungry, one day the guys who owned the L Tosh Fish and Chip shop near Zucks dormitory notices a rather emancipated Zuckerberg. The owner (think his first name was Loadsa or something, common name in Lithuania) ask Zucks if he was ok - Mark explained that he was building the worlds greatest social media platform but was so poor he couldn’t afford to eat.
Loadsa was moved to tears - whilst he didn’t think that this thin student would amount to much he remembered back to when he was a poor and hungry immigrant.. with a tear in his eye, he offered Mark £1000 for 10% of What would become Facebook - although he said that his investment philosophy meant that he would never hold an investment once it reached a valuation of £50m.
Zucks was over the moon - he agreed a deal that valued Facebook at £25m (pre-money) and gave this immigrant purveyor of fried food a 10% share.
Weeks later and user numbers were growing exponentially, Mark couldn’t believe it - he took some advice from Goldman Sachs and they told him that FB was now worth £50m.
Mr Tosh couldn’t believe it - within weeks he had made £25k, that would allow him to buy a new chip fat fryer and also pay for some liposuction for his wife.
Anyway, to cut a long story short - he ended up selling his fish and chip shop and started the company we now know of today as Helium Rising Stars - due to his success with Mark and Facebook, he has never kept a company whose mcap goes over £50m.
I think this gives us two great life lessons -
- always take a profit.
- never believe anything in the internet.
Bob
Deb the AGM was not the best and content could have been better but only had 18 mins and so much to discuss but live onlines are never the best. I honestly believe that even if Gerry had delivered the perfect presentation we would still be where we are tonight. The proactive interview mid morning was the same format with BT the central focus & no sp decline & all positive comments on social media. Helium selling was the catalyst and it snowballed from there. Nothing has changed & once normality is resumed we will be back and beyond to yesterday’s highs.
Fantastic Twitter feed Lunsam. Makes a refreshing change from the dross that’s been posted since 12.30 yesterday. Confident DVRG will bounce bank strongly and rise above and well beyond yesterday’s high point in the near future with news on numerous work streams driving it.
Gates started MS in his garage with one other person, bezos was also very small and intimately involved in day to day in the early days. But I'm sure they didn't use a media that wasn't invented.
SO 13TH,Gerry`s managing a team of experts,
good to know, I`m sure Jeff and Bill will be pleased
with your description of them,.
Truffle, for bezos&gates there was no means to engage PIs or indeed PIs that brought and sold themselves, it was all done through brokers.
Regarding musk, have you seen twittet, he's all over it. Also bezos and gates were very small companies where they would be doing a lot of the actual work as opposed to managing teams of experts.
Frankly your opinion shows a complete lack of understanding of any of the people mentioned or the world they worked in.
lunsam, Jeff Bezoz, Eeon Musk and Bill Gates all built trillion dollar
businesses, they didn`t do it on twitter, they didn`t do it by engaging
with shareholders on bulletin boards, they were singe minded, totally
focused individuels, they didn`t need sycophantic shareholders telling
them how wonderful they are, if this company is going to achieve it`s
potential, that`s what it needs, take note Gerry!
An excellent read Lunsam, thanks for sharing.
Credit to Lunsam on Twitter for this explanation;
"Helium only invest to £50m mcap, at 61p/64p where they sold #SKIN + #MWG had a combined mcap of >£100m.
Its not within the fund investment strategy to hold companies of that size, which is why they sold. Its a shame it happened yesterday, it created utter panic amongst PIs."
From what I hear on advfn, the price rising above 6 triggered Helium so sell 6% thus causing the panic.