RE: Valuation comparisons10 Aug 2021 23:17
Ed is in a difficult position as he has to try to win over the long term holders who have been sitting here since pre Factom who are hanging on for a Leap exit whilst laso attracting new investors to his vision of a Cannabis and Wellness superfund. The SP has gone from overcooked to deflated as the Factom debacle dragged in new investors and then spat them out as it all went to ****.
Ed has talked a really good game in his last few interviews and podcasts and talks of 5 to 10x gains for each investment which we will only see in the long term. In the short term he needs to be in a position to issue 5 to 6 RNS's prior to the interims in December. If all of these are positive eg SWB ipo, Ciitech IPO via reverse takeover, Yooma acquisitions and 1 or 2 new investments then the SP will follow. Investors need to believe in Ed's ability to invest in quality and whilst the SWB and Ciitech IPO's won't deliver the instant multiples as they are both CLN's it will be a proof of concept.
As for Leap I'm easy either way, an early exit for a decent return or commentary showing the figures for Leap showing that holding will lead to greater gains.