RE: Seed Innovations23 Mar 2022 17:13
This LTH wouldn't be at all surprised if nothing happens this year. As far as Leap is concerned it seems fairly obvious something is rotten in the state of Denmark.
My take is that there was never any intention to IPO and Ed thought he would have negotiated Seed's exit with IMG by now. Well it looks like they have called his bluff from where I'm standing and the only way forward now is -
Go through with the IPO (would be a disaster imo), or
Settle for a valuation a lot lower than Ed's implied 50 million mcap for Seed, or
Just keep on kicking the can down the road.
Sorry if that is depressing for some but that is the way I see it.