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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.
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.
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.