Member Info for Fatman83

Daghenam.
But you shouldn't have to have the need to trade it if it was a well run fund and shareholders were the priority.
Anyone can check rns from back when but about 5 and half years ago we was offered 4-5mil for leap when we only had 41%.
Now we have almost 44% and leap have made dozens of more games and made dozens of fantastic partnerships ,but we are made to believe we are not hardly worth anymore?
It's just madness and yet another example of what's going on here with our management.he has just carried on doing what lorne did.
He knew leaps financial state 12 months ago remember but it didn't stop him saying it is worth 100mil plus.
His words not mine.
Anyway what's the point,while he remains then nothing will change.

The thing is formula you are right there.certain posters on here have been wrong for alot of years on here,
Again it's about integrity.
I too am massively underwater but I would never encourage anyone else to buy in here while that proven incompetent man is still our CEO just so I could get my money back.
The analogy I will give is if you knew someone for 2 years but they were a proven BS ,would you trust anything they ever said again or would you give that person a wide berth?
And if anyone here thinks I am damaging our share price by calling Ed out I would laugh .
Ed has done the damage I just wanna see the back of him.

That's just it though barwick. Seed had go take this offer because we are skint?this was orchestrated exactly so we had to.
So the stringing investors along for 2 years with promises of IPO were obviously all lies.like when he sold a % of portage and didn't have decency to tell us and when he was raving about emmac but knowing it was weeks away from being sold.just like he was going to find a 20% investor but obviously one was never found.its not one thing ,its 2 years worth of lies from the man.
The market sees all this and will mark us accordingly. Zero share holder value, the man has no honesty or integrity,look what's happened to our money at YOOMA,another mates venture,2 mil almost worthless now .how can he be trusted with anymore money with his record here?
I would ask everyone here.
Knowing what we know about Ed now and knowing his terrible record here,how many would still invest their hard earned money in him?

The way Ed actually tries to spin the measly leap sale, spread over 12 months as some kind of victory is astounding. It shows the arrogance of the man and the contempt he has for us.
Of course the market will price us accordingly while he is still here .

I concur with that formula.it was only our investment in leap that kept me here all these years.i really thought 20plus mil to us for leap would really kick this fund on.
How wrong I was ,I just cannot believe that crooked scumbag Ed has done exactly the same with leap as his predecessor lorne did with moon active and sold us all down the river.
The contempt for us private investors shows the arrogance of Ed.
It really is painful .
There is no shareholder value here ,and hasn't been for the last 8 years .
Just look at the NAV over the last 7 years. This has been a complete disaster .
Hang your head in shame Sunday roast.

So does this mean you are bullish today on asos Claire, maybe bearish tomorrow ?

It's much easier for investors, who have been here 18 months or less to have selective memories, but not ones like me who have been here many years.
Like doggo said yesterday ,what's the surprise,we knew what we was going to get for leap 2 or 3 months ago?
Yes but we didn't know the peanuts payment was going to be spread over 12 months and has conditions!
Maybe that money as payment in full would have gone very far in this beaten up market.
But maybe the markets have recovered in 12 months and that money won't go very far,and that's providing we get it at all!!
Also,another big concern is the market does not rate Ed.so while he is still here,we will pay the price.to say the market is sceptical of him would be the understatement of the year.hes screwed us over with leap which mean he cannot be trusted in the future.
All he's done is guaranteed him and his mates wages for the next 12 months.
When the market recovers I am sure we will see the dizzy heights of 5 or maybe even 6p,but it won't be because of anything Ed the crook has done or achieved .worst part is,he couldn't care less!

Meant multibillion IMG

It's hardly a touch of genius Ed buying in under 2p ,his lies are the reason for the collapse.
It's apparent now the leap IPO was never going to happen but he deliberately kept mentioning a 100mil plus valuation.then the worst slap in the face wasn't even the fact that he's sold leap for less than we paid 7 years ago,its the fact that he's sold it to a multimillion pound company and we only get half and then maybe half in 12months time?? What a disgrace. Of course he wasn't going to buy in before, why would he?The man should be ashamed but he won't give a toss.
He's just done enough to make sure him and his pals get paid.this so called fund is only to line him and his mates pockets.

Doggo
I'm surprised you too are not annoyed,considering you said leap was going to be sold for 200million?!?!?!
I never believed such madness of course, I'm sure most of us didn't.
But 5mil spread over 12 months??
It just takes the mickey. Nobody is going to invest here now. that is the trouble if Ed stays.hes Finnished,he has no credibility here.

Obviously IMG were going to snap up leap (for peanuts)as soon as they got involved,but that didn't stop our lying ceo from telling us it was going to IPO constantly.
It's alot more than bad market conditions when he says leap was worth over 100mil but within 12 months we get 5mil? Half now and maybe half in 12 months??
Lornes mother knew over 6months ago there was never going to be an ipo and is obviously why she sold.its more than incompetence, its manipulation and theft from PIs.its us left with virtually nothing .the man truly makes me sick

Well said GG.
Ed is nothing more than a common criminal ,just like friend and previous ceo lorne "gnasher"abony.
Ed says his reputation mean everything???
I won't ever touch anything this crook is involved with again ,
the man is incompetent.

Well said formula.there Is no credibility here it's a laughing stock of a fund.lornes mother selling her millions of shares 6months ago while Ed was telling us leap was worth 100million she obviously knew then about this disgrace of a deal.leap IPO was a BS lie.
It was always going to be sold to IMG.
The final insult was that we don't even get all of the money at once ,2 instalments over 12 months makes me sick.
Nobody in their right mind will invest in this so called fund.
Especially with this clown Ed in charge .you can research these investe companies all you want but it makes no difference when the ceo is as crooked at the last one!

But providing an investor is long term and the shares gets in the 3000plus where alot of us think we belong,then in the end will it matter if you got in a 600 or 500??

Chill out people.yes it's looking like heading to 500,but the economy as a whole is gloomy so sp is going to be volatile unfortunately .just expect it.
Must be nerve wracking for "investors" who only invest for a few days at a time.

The thing is barwick,I cannot possibly see how Ed can stay here now,he has to go for the sake of the fund.hes been shown to have no integrity and and trust in him has gone.(like his great friend and mentor lorne a few years back)
The leap ipo and bs valuations were all lies and he knew it,he knew us PI were never going to see any of that.
No,j don't want to see him buy any shares I just want him to go for the integrity of the fund.i do not believe a word he says .when the trust has gone its gone forever .

The times Ed has deliberately strung investors along with his BS about leap being worth 100mil or more(it will be to the new owners)
Lorne and Ed remind me of sepp blatter and plattini at fifa.corrupt as hell. How can Ed the snake stay,he has zero credibility here now.
Momma abony will be laughing her head off

That's right midas ,it certainly is another moon type deal.
Yet some people were saying Ed is different to lorne ? Do me a favour.

Yea you did mat,kudos to you.
I remember you mentioning numerous times .
Like barwick has just said,it's a step in the right direction .

That's a good summary mat,I agree with it.
Rather than throwing the leap money away on some mates adventure I would rather see us put it on something that's listed.
There are so many good companies that are badly beaten up at the moment,it would be like shooting fish in a barrel.
Even Ed couldn't mess that up...could he??