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I support it because only shareholders benefit. if i was ed i would tell my mates your not going to get any of this 6 million plus and infact you should buy seed shares and then you would get the dividend. so help out or do one. that is what he should be saying to them. none of this nonsense giving them the 6 million to turn it into nothing. unreal. so dividend should be high up on the list for the money. also news that it could happen would help sentiment. a rising share price from being dead cheap / low market cap with the bonus of a dividend for holding. who would not want that apart from his mates.
There seems much support for a dividend. Gets my vote.
This reminds me of that dom joly skit where he is a removal man and his van is called stupid and sons. he then throws boxes into the van smashing the expensive glass stuff inside. lol. this could be called stupid investing in the amount of companies in portfolio that have turned millions into nothing. dom joly was just a comedy skit. well, you would hope it is. stupid investing is real life.
What i like about the idea of a dividend as it goes to shareholders direct. not to his mates, they do not get the money because they are not shareholders in seed. and ed benefits himself as he is a shareholder in seed. it basically cuts the vultures out his mates and there companies which regular turn all the money put into them to dust. so cut them out of this 6 million plus. they are as much good as a chocolate biscuit to this fund. millions given to them gone down the plug hole but paid for nice lifestyles and they are not even shareholders of seed. so enough is enough.
I hope you are right, Fatman, but history is against you! He could do worse than look at a few AI juniors, but I fear his mates will talk him round, AGAIN!
I can not see him being reckless with it judging on the last 12 months. i think it will be how best to use 6 million plus and a dividend may be part of the solution of sentiment change. because that is what we need. sentiment change. another thing with seed we know it is not going to drop off a cliff end like other aim stocks. a fairly safe stock with millions of liqiud cash to spend. for example. hzm today . down 83 percent in one day. that will not happen with seed. so all we need is change of sentiment. not easy but ed has the cash to do it.
I certainly breathed a sigh of relief when I seen we had received the second leap payment and like everyone else ,I would love to see a 1p dividend.but after having so much pain for many years here it's hard to see this lot putting us first for a change .I have no faith in ed at all because I am convinced he is controlled like a puppet by lorne.
But at least the money should see us ride out this rough market and we should eventually rise when the AIM market does.maybe 5 or even 6p could be achieved who knows but at least this money allows us to ride the market out.
Providing genius Ed doesn't do something reckless with it.
Whatever happens, it’s going to be hilarious here! Let’s hope it isn’t tulip bulbs!
....who spent £6250 of their hard-earned on a purchase here last Thursday... no longer needs to enlighten us long termers as to their expectations... with the Leap cash hitting the coffers less than 24 hours later.
Was the timing of this public? I wasn't aware we'd get the cash Friday (although it is exactly a year since the sale RNS), and I'm just curious as to whether other people missed a trick or if this was a bit of insider knowledge. I suppose with this spread, it's only about a 3% gain so far, but I fully expect the blue streak to continue.
(Ps. Longlad - your broadsheet writing style IS appreciated, haha! Thank you.)
Go on seed. giddy up. so ed needs to concentrate on sentiment now. news of dividend, investment etc. and talking the talk and walking the walk. saying and repeating it that he is going to do the right thing with the money and all benefit to shareholders.
Nothing in this game is fair. it is all about timing and not falling in love with any company. yep. anyone buying in now would get the dividend if they hold which is unfair to long term holders. but it is what it is. if they can get this share price moving up from here and pay out a dividend it is better than where we are currently at.
icb888
agreed. shame there can’t be a criteria for dividing a special dividend amongst shareholders in proportion to the amount of pain/stress they’ve incurred over the many years of ******ology by management…..but thats not how markets work, and those buying today will benefit equally as those of us who were taken in by the lies and incompetence.
getting ahead of ourselves a little, god only knows what ed & co have got in store for us….judging by the record - nothing good!
So over 5 million from leap gaming in cash plus the over 2 million in part sale and then any interest etc would mean cash of up to 8 million. less buyback, wages over the last 12 months would mean cash position over 6 million. so let us see what ed is going to do with all this liquid cash which is way above market cap. this is the last liquid cash so time to make a move with at least some of it.
SEED Innovations Ltd, the AIM-quoted company investment company providing shareholders with exposure to early-stage health, wellness, and medical cannabis companies, to which, in normal circumstances they have limited access to, is pleased to announce that it has received the remaining circa £2.4m (€2.76m) from the sale of its portfolio company Fralis LLC, trading as Leap Gaming.
Leap Gaming was sold in April 2023 (see RNS dated 11 April 2023), with SEED's proceeds of the sale totalling €5.8 million payable in two tranches. The first tranche of €3 million (£2.7m) was received on completion of the deal and the balance was received on the 12 April 2024.
The Leap Gaming sale has contributed to SEED's strong cash position of over £6m, which remains higher than its market capitalisation.
Commenting on the announcement, Ed McDermott, CEO of Seed said: "With an additional £2.4 million in cash in the bank, our financial position is exceptionally robust. Despite ongoing liquidity challenges in junior stocks, the investment landscape continues to offer compelling opportunities. Accordingly, we are committed to identifying innovative investment opportunities that will benefit our shareholders. Our primary objective is to enhance shareholder value, and we anticipate unveiling several strategic initiatives aimed at achieving this goal in the near future. We are confident that these initiatives will be well-received by our shareholders."
SEED’s cash now exceeds its cash. The only responsible action for SEED now in the best interests of long suffering shareholders is to make a large special dividend based on NAV. Actually I would advocate it follows DSM and conducts an orderly wind down of the company distributing cash as it becomes available. DSM has an NAV of 67p per share and shareholders are about to receive the first cash dividend of 30p per share.
S. N. I. G. G.E.R.I.N.G is forbidden apparently 🙄
And we are up😜
another £2.4m in the kitty and the sp does nada..
can see longlad s********* in the background😏
Except it reads more like:
We are delighted to announce that our incoming balance is now valued at £Nill.
This now provides seed with a unique opportunity to explore a plethora of avenues of obtaining finance that would only be available to our BoD due to their experience and expertise.
On behalf of the BoD and all shareholders I would like to thank ed and alfresco for navigating the fund through these difficult times.
RNS release time 1400
Due to the ongoing War between Israel and Iran we regret the funds due from Leap gaming have been lost.
Morning fatman,
No harm in an early start!!
Ed wouldn’t have the brains to run a Ponzi scheme….i think what we have here is something far more simple…..shareholders’ money providing exit liquidity for lorne & co…..in my opinion its just a simple ‘transfer mechanism’…..I could have inserted a four letter word beginning with s and ending with m…..but i wouldn’t want to offend anyone with such tabloid-like writing :)
Morning peeps,early shift for me some fool has to work them on a 😔.
All this talk of dividends is just wishful thinking I am afraid ffwd/seed in the last 10 years do not have a history of giving bk to private investors it's always been about TAKING from investors.abit like medical canabis juiceyfields that have just been busted.although seed is not a ponzi scheme,it has all the characteristics of one!
I would love to be proved wrong and see this clown pay us a 1p dividend but it is not happening.very hard to see where he goes feom here now because nobody trusts him or believes a word he says anymore,he has burnt his bridges.let us see if we even get the second leap payment first.if not then watch this POS drop below 1p in the blink of an eye.
Longlad. it is pretty thick when you meet people who are not good at something but think they are and brag and talk rubbish. we have all met them. so what you are saying ed with his limited intellect thinks he is good and actually should be paid more. lol. let us face it folks. we have all met them in life.
Actually if ed said to my face then sell seed if your not happy. now i could sell but it makes little difference in my situation as made money elsewhere. so i am hanging on for the time being. but if ed said it to my face i would be telling him what i think. and it would be worse than i say in print. lol. he should not be telling anyone anything. he should be doing the right thing for shareholders. keeping his mouth shut and getting on with it. period.
Longlad. yep. spot on. interesting you mention jamie dimon. another ego paid a fortune and this is the dude who said bitcoin is not worth putting money since it was a few dollars. now bitcoin is 70 thousand dollars per coin around about. probaly dimon is somebody ed looks up to. lol. the irony of it all is the hardest workers in this country get paid the least and because they are not financial savvy it stays like that. and then ed working about an hour a month gets 4 times there salary or more. and he is not any good. lol. one thing that does make me laugh about jamie dimon seems you mentioned him. he says bitcoin is a scam while his bank has been fined billons of dollars over decades for dodgy stuff.
Dagenham
I agree with all you said.
Ed cant see he is doing anything wrong, ed and alfresco can blame the markets, blame Ukraine war, blame Israel, blame trump or biden, they wont take responsibility for their incompetence.
They’ll continue to take their inflated salaries but with their limited intellect they will think themselves hard done by as they will be looking at other bosses like Jamie dimon’s salary!
Ed will think, if you don't like the way i am running seed…then sell! Which would be the juvenile attitude I’d expect from him. He should, as been suggested, pause salaries until such a time that they do something right, ed you’ve had enough of us for the destruction you have caused.
Talking about doing the right thing for example. i am in a share that has rose from 2 dollars to hitting a recent high of 24 dollars in the past 12 months. the boss recently sold some shares but i think for 2 years he took no wages. that is defo better. when yoiur in a stock like that yoiu really see how bad seed is and how it treats shareholders. so ed that is an example of how it should be done. you are a shareholder in seed. a rising share price with also a dividend and you get paid yourself. but wages should be stopped for the time being and performance related pay brought in.