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Yea you are right barwick,that was another friends venture(turkey teeth abony )he threw 2mil of our money away on.but Ed has got this job to make sure he carries on this
nepotism after all,he certainly has done nothing to be called a fund manager.I mean nearly everything he says he's a proven bs merchant like where is this 20% investor? Went in a puff of smoke like the leap ipo .like mat has said In the past,nobody with any credibility will touch this because its been tainted in the past with so many dodgy decisions to deliberately deceive investors. The new investors will seem upbeat until after a few years they see the repeat of lies and the NAV never increasing.then they will see things the way us long termers do.but eventually,even this pos sp will increase eventually,only because the market in general does.to what price? Depends on world events but it will have nothing to do with ed .that will be the sign to get the hell out of here and never return.the problem here is us small investors were supposed to benefit from our best investments (moon and leap) But as know we never did or never will in the future .its just about selling a story here to reel in unsuspecting investors.i researched the hell out of leap gaming for years but it was all in vain .
I remember the days when jlp only had 250mil shares ,now it will be 3 billion!!! I get the adage it's to support growth ,but where is the growth in the share price??when leon too over-the-counter sp was about 34p!! Look at the history here,a history of issuing shares like confetti unfortunately.
Unfortunately gray1 Leon has been a joke for a long time,he was a joke at Breamore resources many years ago,he just wears a different cap now.
But it shows the danger in AIM where majority of CEO are the same as him.looking out for number 1.its a harsh lesson for us all not to listen to what they are going to do but to judge them on what they have done because they can all sell a story but most fail to deliver.
For me ,mid cap fallen angels are great value at the moment,much safer than most AIM casino companies.
Yea our saving grace is we are cash rich so should be able to rude out this storm.although I do not have faith in ed doing big things with that money,at least we should go up when the sector eventually goes up.rising tide floats all boats and all.that is the time to get out of here if you ask me.but yea it's been a harsh lesson in holding AIM stocks pal.
Morning tak.
Your post made me chuckle.only connection I see between Ed and abramovic is they are both unscrupulous,but it ends there.once IMG got involved with leap many years ago then the ipo was never going to happen.it was just a smokescreen and very convenient for lornes mother to sell her many millions of shares into along with Ed 100plus million valuation.we are marked down at 2p even though pur assets are valued at 6p because the market does not have faith in him,because of his past.our sp will pay the price for that.even alfredo is refusing to back him and buy any shares(at least over the 3% anyway)
I like your positive attitude pal I really do but it fights against the tide while Ed is in charge unfortunately.
The idea of this fund was supposed to be that we get a few ok investmenst, and some not so great .but every now and again we will get 1 brilliant one that will make up for all the rest put together .if our old crooked ceo abony(eds really good friend) had not sold us out on the cheap with moon active 7 years ago,then this so called fund would have been worth 100s of millions now .its also why Ed was given his position to make sure he carries on doing the same ,and is exactly what he did with leap gaming.how are we ever supposed to progress here when we Pi never benefit from our best investments? It's obvious after all these years we are not going to as well until that changes.i am not trying to bring the board down by arguing but this simply has to change or we will go nowhere here.
Also for the record,mat has been the most positive investor here and would regularly post positive links and even chased up barclays so ffwd/seed could be traded with them while our bod sat by and did nothing.plenty of times me and mat didn't agree but I respect that he always tried to do things here In the right way for many years.
I am genuinely not trying to bring this board down but it would be nice for the spotlight to be put on useless Ed by all investors .
I understand the investors that have only been here 12-18months will want to believe in ed .like mat said ,just look back ,history matters here.
Someone big is also dumping here and ed is hardly the toast of the market.
We are supposed to be an investment fund yet after 6 years of holding leap and countless lies-we broke even!!
Although to ed seems happy with it like its some great success??? I imagine there are not many long term investors here confident in ed returning us a decent recent.its just hope now,bit like when you play the lottery 😂
Easy longlad.i agree the buyback has been a flop but I put alot of that down to the market having a long memory of Ed and the lies with leap.
I admit I was just being selfish and hoped it could get us to 5.5p and I would start dumping
And get the hell out of here and bite the bullet on the loss.but as we know we barely touched 4p,as is the faith in Ed.i mean I have no faith in him at all .I still remember him saying people shouldn't take what he says literally when he was quoting leap at 100 plus valuation. What a cheek ! He was on the board of leap so obviously we expected big things because he was inside and he knew it.
He's untrustworthy and that Is almost impossible to shake off.
Morning mat.not great but I know the feeling of losing confidence in Ed.all we have left is to hope the market lifts and with it drags this pos along too .i will be willing to dump at 5p and take a big hit just to get out of here .it's certainly been emotional if nothing else!
It's the things that Ed comes out with longlad.like in one of his recent presentations he was going on like it's a 24/7 job saying even when I am on holiday i am constantly answering my phone about buisness opportunities for seed.acting like our has sp has gone up 10x.i mean where does he get all this from and does he think investors believe anything he says? I would be surprised if it was a 10 hour a week job.
I feel your pain mat,you have been here years as I have .your posts were always grounded while I have been opposite .it's hard to stay positive when Ed given us nothing to be positive about for so long! Our NAV was higher 8 years ago ,this year it's down another 20% .
I will never be convinced of Ed after leap but we are stuck with him so we have to make do.our only saving grace is we have enough money in the bank to ride out the rough economy and as the market goes up then hopefully our sp should too. that should allow us to sell out hopefully.thats my thinking anyway buddy.its going to be along hard slog here but most stocks are now.
In the current climate we can all agree its great to have 7 mil in cash.as we know ,poor cash flow destroys a buisness.but for ne this really is eds last chance to prove himself and not follow past habits of having cash from the sale of an asset but then squandering it on some friends failed buisness venture.its a fund for crying out loud it needs to start acting like one.
Ed if fortunate that he can pick assets up dirt cheap and we are so cash rich.i have said it before but if he cannot turn our 7 mil into 20 mil over the next 2 years then he needs to hold his hands up and walk away and admit that managing money is not for him.all eyes are on him now to see what he does with our money.
Has been performing his slight of hand tricks here for years.he puts a few fanciful words in the RNSs that the rampers love and cling onto but let's look at the facts. This company issues shares at an alarming rate,as the saying goes like confetti!
I remember back in the day when jubilee had less than 300m shares.
Now it's approaching 3BILLION shares!!!
Of course for anyone wanting to buy now ,they should get a good return.but the longtermers are sold a pipe dream.
I say once again,look at the amount of shares issued over the years. It's a huge red flag.
Was the same at Breamore resources many years ago.he has been collecting a large salary in all that time,talking big but delivering nothing.
Unfortunately he is your typical ceo and is the reason AIM has a bad reputation. Should be a lesson for us all I guess.