Member Info for reefles

What are you all talking about?! How is Leap a clusterfunk? If an experienced fund manager delays an IPO, it’s probably because his waiting yields more value. If Ed had sold Leap earlier, what would he have spent the cash on? More LGP? It’s cheaper now. Ed is working for the fund, not short term traders. How many major deals has Leap secured over the 12 months in which Ed hadn’t flogged it off cheaply?? Is it three or four? Preparing a company for an optimised sale / IPO can easily take a year of reconciling spend to IP rights, novating licence agreements, getting recognition… then identifying investors and demonstrating value / synergies to them. It sounds like the audits are done, though, for what that’s worth.

Baldmare - how was that what you took from Ed’s interview?! The value of Leap is in its IP and its deals already in place. The Kyiv team are not only all OK, but they’re being relocated to European offices by IMG and are still creating new content at 70% of their non-wartime target. This doesn’t affect IPO timeframes except for the general risk appetite of the market - but the delay has been in getting three years’ of Maltese accounts audited. You don’t set up your company in Malta because you want to keep meticulous records and have auditors on site all the time - so it’s taken a while. Personally, I think everyone expects IMG to buy us out of Leap, but we’ve got to make the bluff of an IPO look credible in order to get a good price from IMG, who could otherwise be pretty pushy. Why don’t you find someone from Leap Kyiv on social media and tell them we’re all bloody proud of them.

…dreaming of Wadnob

You see, Barwy… people DID start buying yesterday, as soon as they realised they were probably supporting Ukrainians who have had to sell their shares in SEED. Sometimes you’ve just got to have a bit of faith in people. We’ll be back at sixes and sevens again soon.

O’Don… Remember Leap has a base in Kyiv. Perhaps we have a lot of Ukrainian friends invested in SEED, who know about how valuable Leap is, but quite understandably need the cash to help their families. Be empathetic and get buying - it’s the least we can do…

Great news - I was searching for Northern Leaf last week, as there should be quarterly results / IPO plans announced any day now.

Jersey has plenty more weird visitor attractions, besides Tamba, and are very proud of both horticulture and wealth… so I can see this getting a lot of local support. (They’ll want to beat Guernsey in the market.)

Caught up with my ex from Jersey this w/e, and CannaVapes are pretty prevalent there too. Wonder if St Helier will become the next Amsterdam…?!

O'Donnell - 'twas I who said that about 7p. It was ironic. (I wasn't being ironic a few days ago when I said the war wouldn't kick off, but one can't be right the whole time...)

Why are people selling? Wrong question. We've had a good day compared to almost all other AIM companies, and even against FTSE / DAX etc. that are down nearly 4% today. Plus, I reckon those three oligarchs were almost definitely invested in SEED. Isn't one of them related to Rhonda?!

Focus on the physio. There's so little volume changing hands here, that our SP means almost as little as Yooma's.

Yeh - I bet that looks amazing after sampling all 51 of the Yooma products available on eBay.

I think Liz Truss was literally the only person to think any war was likely, but good on Uncle Putin for playing nicely.

...should be releasing their quarterly report in the next week or so. They're already late for their IPO - but apparently this is due to the congested market, not that they're behind internally. With any luck the report will have some good IPO news and a nice little NAV bump up for SEED.

Well didn’t Quint buy in at c. 5p, then make a big song and dance about SEED? I’m not saying it’s Quint who has been selling since New Year… but many who bought in at the same time have probably been selling at 20+% gain and are flogging off the final few at over 10%. Fair enough, I guess.

Yep. I was entirely wrong. Again. (Keep buying…)

Haha - well I didn’t mean it literally…! More in the Chaucerian sense. But people should keep buying.

https://en.m.wikipedia.org/wiki/At_sixes_and_sevens

…is buy-day!

I wouldn’t want to be out of this one over the weekend - I doubt we’ll still be at sixes and sevens come Monday.

Just imagine the auditors coming in at yearend:
“Ahh what?! You still haven’t sold Leap?”
“No”
“And you still think you will…”
“Definitely”
“Right, and you’re impairing the holding value?”
“No - we’d like to up it to £50m. Sort of a hunch.”
“B…b…but a lot of people are looking at this!”

Not long to wait.

I don’t think we’ll ever see SEED available under 7p again… haha!

Ed’s comments that he “would refuse a £50m cheque for all of SEED’s holdings” and that he expected the market cap to catch up to NAV by the end of the year… doesn’t mean our NAV isn’t already at £50m, based on Leap. We won’t know until we see the audited holdings, but Leap doesn’t just jump from being worth £10m to £50m on one day. It’ll have been slowly growing in value behind the scenes, and the SP is still just miles off NAV. I’d be topping up if I had ANY funds left…!

Let 's go.
We can't.
Why not?
We're waiting for Leap.

You’re quite right. That was a low blow and we’ve got no quarrel. Flick the switch and sleep well.

Wow, Mata old mate, you spell like Barwick and sound like QAnon.