Seraphim Sp Share Price (SSIT)

Run1 and StarBright - I agree this is smoke and mirrors and small for PI’s.

SSV 2 was setup as a Private FUND Limited Partnership (PFLP) - which in my experience this only benefits those in Partner and small or nothing for PI’s - who is the founding partner of SSV2 and designated member of the Limited Liability Partner Generation Space Venture 2 - information obtainable from Companies House - however, as the company is setup as PFLP they are exempt from certain statutory and any admin or filing duties - such as any capital contributions / withdrawals etc. And this also goes for investors wishing to invest in the PFLP - there is no requirement for the amount to be registered on the company register and this goes vice versa too - ie. Any capital withdrawn from PFLP does not need to be registered.

Now it does not take a genius to work out what is being constructed….which I guess if it all proves unsuccessful the partners have a contingent exit strategy and PI’s are left holding the bag.

Dont mean to be doom and gloom but thought I would share my thoughts as IPO’er here and still holder for the time being.

GLA & ATB.

Seriously do your DD as this all starting to sound fishy (and im still a holder from IPO days and topped up from 50p when it dropped from £1 - but have refrained from increasing my holdings since).

Bit confused by this move. I’m assuming SSIT owns 100% of the new venture. And so any new investors will be buying into SSIT equity. I can see that this might be away of attracting more speculative investors and spreading the risk of early stage companies. Is this right?

StarBright, this sounds very similar to what Jim Mellon did at Agronomics, creating a parallel fund with "insider" shareholders (the executives at Agronomics and a few hand-picked buddies) that invests alongside Agronomics in the same companies. Apparently, this is good for Agronomics and it's small PIs for reasons that are not entirely clear and as yet unproven.

SSV II appears to have been launched by hiving off 9 small investments from SSIT into a new vehicle, in which SSIT is (today) the only holder.

Seraphim put out a press release announcing the "close" of their new fund, SSV II. If I were a cynical investor I'd point out that this is nonsense, smoke and mirrors. The new fund has only one holder (SSIT), no new capital was raised, and no new investments were made.

Of course the new fund can be marketed to investors looking for additional exposure to SpaceTech. Holders of SSIT might prefer to see those investors buying SSIT in the secondary market, but there you go....

Not impressed, but happy to re-educated if I have misunderstood.

Is Seraphim Space Ventures II LP part of the Seraphim Space Investment Trust PLC portfolio? For us to benefit from the future upside?