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ICB888
You are right to look at sales rather than profit. Ed himself said last year that the industry value a company on roughly 7 times sales. We just don't what the sales are for sure .
Not much time for deramping. Just a few weeks left of q2 and we will know the outcome. Leap wi give us a decent return and exit for many.
I would like to commend and very much agree with GardenEye’s excellent post early this morning.
The derampers didn’t like it but I think they are firmly on the back foot in the face of the 25% rise at the end of the week.
In response to the suggestion of £3 million revenue per month the derampers are asking about profit. They are correct to recall that a year or so Leap were expected to announce a profit in the following quarter. The profit was not announced but Ed said at this stage in Leaps development increasing revenue was more important than profit. We all know this to be true if we just look at most leading technology businesses who achieved large market caps without making a profit for many years.
Anyone who wants to bet against an early liquidity event for LEAP at a market leading value will only have themselves to blame when they miss out on a multi bagging event at SEED,but in the meantime we will no doubt have to continue watching the increasingly boring Carry on Deramping.
Don’t expect a true answer Sam. They have told the ramp squad to form in here. Lol. Depends how they log revenue. Mellon had a company with revenue over half a billion and it’s mcap was £20m. Can’t really base it until you see all the figures.
Here's one question that I would be interested to hear everybody's take on. If Leap really are doing £3m revenue each month then why did they need to do the small raise a few months back?
I do agree with one point gardener as do many. It’s all down to Leap. It’s the only thing most are here for. It’s the only holding that can give the NAV a big boost. Is that your latest spreadsheet ??
I admit it, 7 years ago I was most certainly green around the ears when Factom, Juvenescence, LeapGaming & Vemo had extraordinary potential - it was a spreadsheet from a different age, and that spreadsheet was nothing more than a best case scenario at that time. Little was I to know how inept the management was at Factom & it failed, so be it...
6 years on and finally one of those old legacy investments LEAP, has come through & the direction of #SEED has done a 180 degree turn & is now run with purpose and with a plan.
So you can pointlessly harp back to a different era all you want. LEAP is now quite a game changer for SEED and with the Medicinal Cannabis market at a low ebb - what better timing could one possibly have to create an exceptional fund like no other in the World with a BOD who really the medicinal cannabis industry that is effectively in its infancy.
It doesn't take a great deal to understand the incredibly close, even symbiotic relationship between Leap and IMG Arena - & see that they are almost certainly producing a revenue way above £3m per month based on their global output and the licensing accords that tie in directly to all that IMGA do. Leap are now a Global leader - their products can be seen everywhere. If you look - if you actually bother to do some research.
BTW - I see zero research from you whatsoever - you're like a mouldy potato trying to tell everyone what to think.
You sit back and try to dominate this board with abuse & negativity - well, that's your call - but after 6 years I've done my research thoroughly & I have a pretty good idea that the Liquidity event Ed McDermott, our CEO has spoken of is now very, very close - the UK licences were pivotal & a LEAP sale or IPO will catapult SEED forward. It's pretty bloody obvious frankly.
These are new and exciting times for SEED & right now we are on the doorstep to a new beginning, after a droll few years.
So I hope you're wearing your glasses and when you walk out of the door & don't trip over the re-rate that will happen. I wish you all the best.
In trite & typical style you'll probably drown this post out with endless small petty & abusive posts in order that fair thinking folk can't access it. What a guy you are.
I remember seeing a spreadsheet around 6 years back predicting it would only take 2 years to reach 50p a share and 4 years to reach £50 a share. Well 6 years on and the share price is actually lower after all that time. I see the squad have a new one. With “assumed” values. Rather odd! Just added over £20m to the NAV to make it look better. They have Yooma which is currently down a few million on their investment and
Is worth about £100k. Down as £9m. Assumed Value. Ass…value. Think they are smoking the happy baccy