Member Info for Midas3316

Ed was lucky there, they funded 9 days before the end of the CLN contract. That’s added a few hundred k to the NAV. I always had faith in Ed …….lol

Every little helps. Ed has a decent pot to spend now. Let’s see what he gets on his shopping spree

They have a couple of decent investments. I just don't know how he will get investors back onboard. There has been a couple of funds recently with a discount no where near as large as this, liquidate to get value for the shareholders. Ed's got several jobs and interests already. If he had any decency he would liquidate this. The chances of him increasing the NAV is slim to zero, the chances of the discount narrowing to a reasonable % is also extremely slim. They could probably achieve close to 7p a share. An exceptional return for everyone. It could be many years before, or if this gets to 7p again. Jim isn't bothered about his holding here. Saladino's holding is worth more to him at 2p than what it would be at 15p if he has any large capital gains to cash in. That would be funny if he cashed those 17 million shares down here at 2p. Just fingers crossed that Ed gets lucky or gets someone else to pick a good investment

Yes at first glance it seems unbelievable, you would never see a share at this discount to NAV, EVER. It's down to sentiment. Nobody has faith in this anymore, they don't believe he can turn it around. Around £3m cash in the coffers and a couple more next year. Though £1m is needed for wages until the next payout.

That’s about the top and bottom of it Fatman. The only people holding are ones like us hoping to get more of our investment back before we get out and run. Those that foolishly believe because it’s at a huge discount to NAV that it must go up….sometime ….and those trying to make the odd 10% on the now very rare spikes. The ones that are missing are investors buying in for a long term investment, those that invest and hold for the NAV and the SP to increase over time with the fund manager buying and selling at what is considered the ideal point - not buying and holding until its worth nothing- steadily increasing the NAV over the years and bringing in more investors and increases SP. This NAV has actually dropped over the last 7 years or more. Investors hung on for Leap IPO…..turned out to be lies…..that’s why it’s at this huge discount. It’s not an accident in the market, an overlooked share…..:it’s here because of failure after failure…..investments written off along the way…It needs a huge turnaround. Getting 18% return from a CLN isn’t going to move it ….even a million or so added to the NAV….it’s not enough. They need some good investments….they aren’t holding anything that makes people want to invest……As longlad would say in Ed we trust

Lol. No I wasn’t wrong. That was the terms of the CLN. Ed accepted a change to the terms - as that wasn’t the terms of the CLN for SWB. Like Sam and I had also stated. Ed probably caved in and took
Whatever they offered him. The CLN for Northern Leaf have expired they legally should have paid seed £720k by now. They are under no obligation to give any deals with Seed. Unless they tell Ed otherwise. And of course Ed will accept as he has with everything else.

The CLN are 10% pa. 25 % discount at event up until 01-Apr-23. Where they will be redeemed. So by contract as in SWN they should get £720k cash only. Unless they change the contract…..agreed ? Or so you not understand CLN??

Ohh pardon me. I just went by the original agreement. Which was later changed as you rightly know.

Like I said a few months back. A decent conversion rate, but the problem with CLN’s is even if it were to list for £600m seed get the same return =£900k worth of shares, no matter what valuation it lists at. - Though the redemption date has just passed so it looks like Seed will just get £720k cash returned unless it has been extended.

I think Ed should buy something he can sell if conditions change, and not just hold onto until it dwindles to zero because its shares in his or his mates companies

You don't believe them. I bought many £10k lots of shares here over the years. Posting a minute or so beforehand.....Sold £50k worth for fun in 5 mins to annoy doggo and gain a few £ on points - back when you could buy them in FFWD. Ask him, he knows...this time around 1.65m at around 4.9 average I've posted many times.....what do you hold

Yea of course he is. He only shows up, makes a comment then leaves. Every one of his posts is the same. Wadnob aka TheWorks and also probably Oneforthemoney........

Lol. If you’d been here longer than a couple of months you’d see what I’m holding. Proved it many times. I would post before I bought chunks. Unlike those who tell everyone they are buying as they are actually selling. Down £40k here. Look back. It’s all there.

He might want his 17p back

Agree Sam. They should have received cash for the total as the agreement. Looks like part paid in shares to save on outlay.

Your entire post history is trolling people on chat boards. lol. I think you need to take a step back and look at yourself. Yes and tuck your shirt in, teacher won’t be happy.

I own shares in this POS. It’s well documented that I’ve bought into this and with a decent chunk. You don’t own any. So run along now. Be a good boy.

You better hurry, you’ll be late for school

Yea I quite like LGP. It's dropped quite a bit, though most others have too. Maybe a good buying opportunity for them

We could do with lots more Chris. Maybe find out soon what Ed’s next investment is!!