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Ed’s master plan to narrow the gap between NAV and the SP……drop the NAV
...about time we had the nightmare experience of seeing some figures?
Good Old Jim
What a man
I think that was the only way they could raise any cash Mat. They have such a tiny mcap now, it would be nearly impossible to raise anything. Probably just a matter of time before it’s delisted and ends back in the major shareholders hands, the small investors losing out. It’s another of Jim’s. ‘Interests’.
Portage Biotech have sold all its Intensity Therapeutics shares
Reefles
As my tabloid style writing is beneath you, I suggest you scroll through some the tweets of this scholar, I have randomly selected just one, I hope he meets your standards, your grace
https://x.com/edmcdermott12/status/1511707889194438656?s=46&t=iahakT7lQFUXUOGuXsuDhQ
2023 Ed’s basic was £160k and Alfredo’s £100k. Not huge for city wages, though ridiculous considering this is a part time job. A few hours a week position. They both have many positions and even at best could hardly give a day per week here. It took Ed many years to buy any shares and even then I think it was done as a gesture of sorts. More than likely given an option of buying around a years worth of salary in shares or go to performance related wages, more than likely pressured into buying them.
Longlad - you have the writing style of a tabloid journalist, it’s exhausting. Why not just state Ed’s salary rather than stating it’s “insane”? I thought he was on like £130k or something, which I’d describe as “a bit high, given recent performance, but about the right level for the talent level we expect”.
You must have more than an iota of confidence in the BoD. You’re still here.
Sorry to be boring, but I get sick of you telling us we’ve invested in something that has NO hope.
Where we stand, so we have a fund with cash run by a BoD that no one as an iota of confidence in, and every likelihood that they will squander this money like they have everything else.
(1) If they don’t invest the cash, then they’ll drain it from us through their insane salaries
(2) If they invest it…..let’s just shall we say someone will benefit but it won’t be us
(3). Wrap up this nonsense, shareholder’s get something back but this will also be met with golden parachutes for our bod who have worked tirelessly 24/7 to get us where we are today…..🤡s
All of us long suffering holders completely agree with you Kingsley.
5x return in 3 years?
We held game for 6-7 years and leap made huge progress yet we only managed to sell it for what we paid all them years ago!
Of course no serious investor worth their salt will touch this as an investment. Its blatantly obvious us PIs will never benefit here .
But where does Ed go from here now ? I mean the game is up now he obviously should do the decent thing and A liquidate this or B walk.
But as all long termers know he's not a moral man.maybe when the market rises we may see some kind of rise in sp here .apart from that there will be no value for holders .that will be the time to sell.i have nothing but disdain for Ed and his disgusting greedy friends.bunch of crooks the lot of them.
Hot off the press. seed new investment. a whitening toothpaste company set up by our mates with lorne abony trying it out. ed say this sounds great. i have put 3 million of the seed money in to pay wages and so my mates can have some nice holidays. all shareholders are entitled to one tube of toothpaste as the 3 million will turn into nothing. ho ho.
Tak. i think that may be right. he has become risk averse because of how poor it has all been. so now opportunity cost comes into it because of it being scary out there for him in the markets. this master invester show sounds like a load of crap.
Ed says challenging conditions but that is only on what he and seed invest in year on year. i mean 3 million of this cash invested in bitcoin when i said at 20 thousand or whatever is now worth around 9 million at around 70 thousand dollars. so about 6 million up in less than a year. this is not a point of telling him where to invest the money. it is getting it through his skull that the challenging conditions he faces every year is buying the same crap.
mellons “mentoring has do e sweet fa so far.
the fund is reflective of mellons diabetic boot company.
**** poor
I’ve recently had a handful of investments written off in private equity, though with the tax relief this can bring the loss to a very small %. I really would recommend people to look into it. SEIS investments allow you to claim back 50% of your investment immediately following your investment - This gives you an immediate gain of 100% on your investment and if written off up to 45% of the loss can be reclaimed. I’ve had around 1 in 8 written off, though I’ve just had one increase 10 fold in less than 4 years and a couple increase around 4 fold in 3 or so years. What I’m getting at is, with decent management, you’d expect at least a few multibaggers in the portfolio over the years. Many of the pitches I look at are only interesting to the professionals if they look like they can give a return of 5 fold in 3 years or 10 fold in 5 years. Where are the big returns here?
It has been absolutely shocking. I invest heavily in private equity and understand that it’s very high risk. I’m not a professional, though I like to research and go with ‘sensible’ investments. This has worked well over the years and when I look at some of FFWD’s and SEEDs investments, the only reason I can see on many occasions their reason for investing in them, is the fact of their association with that business.
He’ll probably invest a few million pounds in the tooth fairy
Has Ed had a bang in his car or something he’s got a tooth missing on lower mandible.
He looks knackered
Ed, being kind, has been economical with the truth (leap 50 million market cap etc).
Assuming Mellon has taken Ed on as a charity case, isn’t it all a nepotistic basket case?! Why should Ed and co get paid excessive salaries for what? They bring nothing to the table. These are considerations any investor will look at, their success rate has been absolutely terrible. They should never have been in the position they are in. If aim ever gets a breath of life and this pos does rise, I predict it’ll be the last hurrah as shareholders who have been locked in here for years run with a manageable loss.
So which comes first : a breath of life into aim; Ed and alfresco blow the leap cash on another ‘friendly’ venture; Ed and go drain the reserves through salaries and shareholder events for 7 people.
Seed: ‘on the job training for CEOs’
Longlad: Boredom!! Ha ha ha! Absolutely! That's why I come on this board, to read all the really entertaining posts!
Mat: Mellon isn't such a bad person to have around. He's rich. Combination of luck and timing. Perhaps some may rub off on Ed? And skill? Maybe, maybe not, but I'm not bothered about that. Better than no mentor at all. I'm not sure I'd have started here without the likes of Mellon in the background.
Mentorship aside, Mellon can likely provide access to some interesting VC meetings/events for Ed, for Ed to meet the right people, for Ed to hear the 'top gossip' about what's about to be hot, for Ed to be in the loop about what's about to happen. That's more important for someone in Ed's position, and Mellon's usefulness. You win some, you lose some in the end. No sense in despairing. We're not in a desperate position here. Ed's certainly become steadier in the last year. Less of a fast boy perhaps, more self aware. That's good. Personally I'm worried that he's perhaps become risk averse! There are some exciting start ups/early stage companies out there, particularly in some 'sectors' (lets leave the medicinal cannabis sector alone for a bit of time though I'd suggest), and it would be great for SEED to get a position in those other sector's star companies before those bubbles start. Because there will be more bubbles. We just need to get there first.
Mentoring from Mellon?
I hope not.
Multiple wrong calls and failed business behind him. Nah no thanks
hi takayama
‘….may well remain undervalued until they either fold or we as investors die of old age.’
die of old age or boredom!
@ed end of another month, take your salary ya ****….the wealth transfer continues, honestly don’t know how you can look yourself in the mirror
I'm not too sure I'd agree with Ed that there's a scarcity of capital out there. For the right company in the right sector, there's a lot of investors chasing. There are marginal areas that few people expect growth (ahem, medical cannabis appears to be one of those at the moment) and there are likely to be plenty of companies in these sectors that are overvaluing themselves (I'd agree with that), so those that are genuinely undervalued, no one would really be interested in them anyway so they may well remain undervalued until they either fold or we as investors die of old age. So for example, in the field of DNA data storage, Evonetix had a very oversubscribed series B funding round (£44M chasing £20M Series B round), and that alongside a few other sectors, really IS the future, and would be an exciting area for SEED to consider. I thought Ed's March 18 presentation wasn't too bad. Interesting to hear that Mellon's increased his holding. Mellon and McDermott are obviously very close, so I hope that Mellon's able to provide further mentoring to McDermott. Mellon I think runs the Master Investor Show? Mellon and McDermott certainly share some of the same language ("That shows how much of a lousy investor I am, ha ha"). I think Mellon can get away with it but of course McDermott isn't there yet. And has Lloyd Leckerman exited completely or has he transferred to his wife? I can't remember. I wouldn't be surprised about the former. As others have said here, there is a risk discount likely applied with Ed at the helm so I personally hope he manages to demonstrate some value investing in the near future that can get us excited. I'm guessing the CFG exit is on the horizon too.
Until at such time he's improve my balance here.
I'm afraid he'll always be thought of as useless in this field.
The cool kids where I live would say. "The dog's done a McDermott"