Member Info for Midas3316

As anyone in his position he will have information on many of the holdings. But in most cases it’s only applicable in limited time scales. He won’t be inside for more than a few weeks at a time.

Fatman. He’s not inside now. He can buy if he wanted. He’s said several times in the last he’s had the chance to buy and chose not to. But at this amazing discount that he keeps mentioning,
Wouldn’t you think he would see it as a bargain down here???

Dad. You didn’t buy Boom on Quints recommendation did you? Lol. You do know the guy that got him to ramp it on twitter, was later found to be trying to exit a large position, Quint sold his soon after lol. Dropped another 30% since.

Yes Barwickman. In the top 200 providers it’s just recently broke the top 100. Even so a lot of those in the same area are successful, money-making companies. It is like you say a very saturated market, even so I would have expected at least double what they have it valued it at.

I was only here for Leap Longlad . Thought it would give the NAV a boost. I still think it’s a good company, my view hasn’t changed. I thought Moon was an amazing company. 10’s of MILLIONS per Month revenues With the number one app and they sold it for 1/10th of what the figures by an analyst and a financial editor thought it would be worth. It’s history repeating

Virtuals look pretty but I’d never put cash on them

Exactly Fatman. That’s why I’m thinking how will they ever get even close to NAV again. An investment trust you invest in and the professionals will do the trading of their holdings giving a steady increase over time. As this chart shows it’s gains have been short lived every single time - meaning it’s only gained as a pump and dump stock. There aren’t any fund managers on the BOD. A funny comment he made at the meeting. They scrutinise over 100 propositions each month for investment. Lol. Really……they have no cash whatsoever to invest….I think we knew early on that Ed was incompetent. The problem is not only is he incompetent, he quite literally lies through his teeth. When you hear him talking almost every time he is wrong with what he says about holdings/ values. That presentation has a few monetary errors in the printed version also. Like I’ve said many times most of my investments are in private equity and the listed ones like this I have, I’ve always made most of my gains in crap stocks like this - pump and dump - ones that are cheap - normally for a reason, but maybe have a liquidity event on the cards which may give a big increase in NAV - like Leap. The problem is Leap is another of their failures. All that money and time and traction by Leap and they are just getting their money back.

I’m sure at that price you can make a profit. Get out on any rise though. You know history shows even in good times this hasn’t never held its gains…..lol. Not much use as an investment trust really then. Pmsl.

Nice and crunchy those beaks. All jokes aside. I still think Leap is incredibly cheap. I mentioned another PE deal I invested in around 3 years back on here a couple of weeks back . One of my bigger investments in a Seed round, it had a £2m valuation for a website with a couple of college mates but making a big name for themselves…….also 5 minutes walk from where I’m based….local lads…Today they are doing really well and have been recognised as such, small team of a dozen or so and now in a couple of countries - specialists in gaming and esports recruitment. Their pitch deck 3 years back at £2m valuation was with an expectation of an IPO or sale within five years with a value in the region of £20m. So earlier than they thought they have confirmed offers in the region of £12 - £13million. Only been around 3 or so years since they started , another few years before reaching a profit and still quite small revenues - just got quarterly report yesterday. Revenues are just a few hundred k for the last year They said they probably would have got closer to £15m last year. But markets etc now as low as £12m. It’s a really good company - yet when I compare them to Leap I really don’t see them as being worth much more than a quarter of Leap. The only advantage is there are very few companies doing what they do, whereas with Leap there are literally hundreds supplying slots…..some of last years slots can be yours for a few quid a week. Either way like I said with Moon. It looks very suspect to me

Lol. I like you can still laugh about it.

Lol. Your family Mat ? Just tell them they may have to wait a few more years.

Still plenty selling at a loss. Don’t see how they can really turn this around. NAV is 8p….They sell Leap for £6m…NAV is still 8p. They will have money to then invest but….Ed picking the next investments !!!! How are they going to even get near to NAV again. It’s not market conditions that have this here ( well maybe a small part is ). It’s incompetence and failure after failure.

It is quite a spread. Not as bad as Portage or Yooma had at times. I’ve seen 60% spread on those. Then they wonder why the value of Yooma is down a few million

You would think Ed would buy at these prices. He’s not inside and these are at bargain prices…….He said he wouldn’t sell Seed for £50million. They are now £5m mcap. Strange, it just doesn’t add up….he’s thinking it’s worth over £50m and here he can buy shares for a tenth of that…..Odd!!

Why do you say that Da? They might have a few quid to invest er…wisely. Yet there will be no increase in NAV. It will be the same as it is right now 8p.

Doggo. What did Ed say when you have him that warning ?

We know Doggo. It was you that caused the 30p to 6p and the 15p to 6p the 12p to 5p and the 8p to 2p. So you think Ed should invest his £6m from Leap in Inveniam ??

That’s the way Doggo. You can’t polish a turd. But get sprinkling your glitter on it. Lol.

I know I’ve mentioned it many a time but Moon sale for me was an absolute con. They sold 3% of a company that own .: “coin master” ..even then it’s revenues were 10s of millions PER MONTH!!! It was quoted at the time that the 3% should be worth around £5m. and Ffwd took £500k. Lol. Turns out that was probably true as just 18months later that 3% sold for £50million. By the way today worth £300million for that 3%. I’m not saying oohhh we should have kept it and we could of had £300m. I’m saying when we sold it for £500k for a company with coinmaster the number one app even then!!!!! That one app is now bringing in over £1 BILLION a year now. Crazy. Sold very very cheap. Strange how they also gave their buddies £5m at Factom when FFWD held such a tiny amount and despite trying to raise funds for over a year the bigger share holders in Factom wouldn’t give them a penny. £5m. Their biggest investment to date in a company with mates of mates. Couldn’t make this crap up.

It feels like Moon all over again for me. They sold that 3% for £500k. A small profit. Share prophets and others said they would get £5m or so for their sale and they got £500k !!!!!! I said at the time it was ridiculously cheap as Moon had monthly revenues of 10’s Millions £. And increasing. Yet the usual crowd said I was deramping. Of course they sold it too cheap. Just 18months later the buyer sold the same 3% for £50m. Couldn’t make it up.