Member Info for Lee8

Morning FM. I am not currently directly invested in AI, though may have a couple of investments that are highly dependent on it. I certainly don’t see AI as a passing fad, its uses are continuing to unfold in so many areas. All AI apps and sites were blocked by my work NHS , due to the ‘ great unknown’. Recently they have approved an AI site that can help with administration work. Using the AI can save many hours work over the week. So even the NHS which is usually years behind in the technology field is beginning to use it. The pharmaceutical companies are also widely using it in research and it is showing to provide results far quicker than conventional methods.

So yes, I personally think AI is amazing and the uses are increasing all the time.

Though………..I think like Michael Burry also stated recently, the big AI players are already hugely overpriced and it looks like the AI bubble is about to burst. It will obviously still continue to be a huge investment sector and long term a good investment.

Jim Mellon reminds me of older relatives. Five years after you’ve been trying to persuade your aging aunt to get a mobile phone, they then eventually get one after everyone else and find it’s the best thing ever.

Seed seems to have a similar investment style.

Factom blockchain was already behind the field. Cannabis investment bubbles were starting to pop just as Seed started investing.

Now this change of investment area also seems to be a little late to the game. I do believe an early investment in a small AI company in a niche field could provide huge returns long term. The problem is will Seed be investing into the most promising lucrative companies, or those that will support friends and family regardless of their prospects ?

At the time when a well known pump and dump member ‘doggo’ would be pushing the figures of how one game alone of Leap’s was bringing in millions for just one site. Well, yes the casino was bringing in millions, the slot provider - Leap, well some of their slots can used on your own site for as little as £100 a month with no commission!

The Leap saga was terrible. Investors were misled and obviously when you have somebody inside the company for years talking about huge valuations, well who wouldn’t think everything was good. It was clearly misleading and not a case of market conditions changing the valuation.

I totally get what you guys are saying. Sometimes you think once you sell you will miss out on a huge gain around the corner.

With a conventional fund the share price will never realistically multi bag in a day or day. The price will increase over the years as the NAV steadily increases.

This, although labelled a ‘fund’ is better described as a vehicle for those on the BOD and those large holders. It is able to use large amounts of shareholders money to invest in and support their own, or their associates ventures. Because of this the NAV has decreased over the years. The only saving grace is that this micro fund has had over the years a lot of pump and dump teams working on it. It may present an opportunity to get out on a price higher than the investments are actually worth. A regular well managed fund with a good history and NAV of 6p would usually trade at around 5-5.5p. This has had a disastrous history and therefore has the large discount. The only way this would exceed the NAV would be the news on a large investment and pump and dump crews working it. If nothing changes and it gets to 5p plus, there would be no sensible reason to continue to hold - unless there is a holding large enough that also has your interest. Good luck on those that persevere!

I thought most here would have cashed in when this reached 4.5p recently. That would seem a fair price for the current NAV and the investments held. For it to reach anywhere close to the NAV of around 6p will take quite some news! I know there is an old adage of it’s not a profit, or loss until it’s sold. In this case, and as most fund managers have proven, take the loss and invest in something that can recoup your losses. Why would you hold onto a fund that has consistently reduced its NAV consistently over the last ten years? Seed shareholders who bought in at a high price of say 10p and have held for 6 or more years hoping for it to reach that price again may never see that price again. Every year the NAV is dropping, the investments need to make an ever increasing gain to be able to see those levels again. Like a lot of these tiny funds it may happen on a couple of days of ramping on X etc. Past experience has shown this to be a disaster. It wasn’t any better when Jim was here first time around, having left to avoid a lot of embarrassing situations they had with their investments at the time. For those that continue to hold, good luck!