Member Info for reefles

Yeh. And none of them are Ed. Ed has the experience to sell it, and has spent all year on their Board, and has said he’d sell (which you can’t say was a trick to raise the SP because he isn’t phased when the SP temporarily lulls).

I’m already fully invested, so have no interest in suppressing the SP any longer, like some on here. It’s time we stop pretending how underpriced SEED is.

But that’s the point, Fatman. We’ve seen how successful the various players can be (inside and outside SEED)… and we’ve seen that Ed is prepared to invest his time this year on Leap’s board + €450k of our dwindling funds. That suggests to me that they have EVEN MORE confidence in generating returns from Leap than from our staple CBD portfolio - which will be very successful in their own rights.

We’ve had Leap’s results posted here before. You can buy them for a few quid. Except… as Ed has said at interview, the Fralis structure is more complicated than that. The only relevance is what we’re worth to IMG, and how convinced they are by fake threats of an IPO.

Lorne’s mum could have sold for any number of reasons. My suspicion was that she was buying into Peridot, shortly after Ed’s appointment to its Board and the name change from Verdite… with a view to Peridot picking up 20% of SEED after the price has been crashed.

If the market gets things right, why could you buy SEED for < 6p a few months back, when it was known NAV was at least twice that.

Imagine if Leap was only worth £50m… It would then have been extremely hard to value SEED’s holding at c. £10m in the audited accounts last year. It would have been much lower, due to the uncertainty and contingencies on other parties.

Since then, Ed’s put a lot of time in at Board level, and SEED have put more cash in. This is value that auditors wouldn’t have recognised last March; it is also a sign of SEED’s faith this is all worthwhile. Similarly, the market M&A activity, and deepening relationship with IMG . (Don’t forget inflation has risen too!)

I’d be happy to agree on “somewhere between £50m and £100m”…

Do you really think we’ll invest anywhere before selling LEAP? I posted this on 25th Nov. If I were Ed, I wouldn’t want to be selling a 47% stake in a £100m asset without a few hundred grand in the bank for legal contingencies. Thus, I think we’ll sell soon.

“We had £2m on 22nd Sept, and running costs of c. £70k/month. So, from mid Sept to end of Nov, that's £210k running costs, £150k on SW Brands and £390k on Leap. So, we've spent £750k of £2m. That's not a lot of headroom left... which some might think suggests a HUGE LIQUIDITY EVENT must be on the cards soon. In three months time, Ed will have less than £1m in the bank for disasters / contingencies. I think we'll see movement before that point...”

Longlad - are you sure? Looked to me like the original 100k was shown as a sell, but is actually a buy... then the order has been topped up: 100k switched for 200k; then 200k switched for 450k; finally 450k switched for 525k after hours... but all listed at the original trade time?? It feels like someone is accumulating at a similar speed to when Rhonda got out, with similar MM support.

...almost looks like Ed's found his 20% investor, and the MMs are trying to remember how to slow down a bull run.

I don't like to complain, but I find it a it dull when we're doing well...

… for SEED shares this Christmas.

That £6.57 trade better not have been them!!

Ahh Fatman, you are just the worst. You have consistently talked about Ed’s underperformance (based on misquotes) and how SP will drop further. Why haven’t you sold, then? You can always come back once we’re in the 4s, which you think is inevitable - although I doubt any real holders would miss you.

Oh! We will… from Rhonda Abony!

I know half the posts here are intended to be irritating misinformation, but I’m SO BORED of people misquoting Ed and using it as a stick to beat him with.

I’m not saying he’s doing a good job, but at no point has he said share price will be 23p by yearend. He was pressured to answer an interview question about valuation by yearend (could be Dec or March), which was intended to make him reveal timings of the Leap sale. His response was that while he couldn’t give anything away, he wouldn’t swap SEED’s holdings at yearend for a £50m cheque. It was not a stupid remark for him to make. As I’ve said before, if IMG value Leap at £75m and buy us out, it pretty much takes us to NAV of £50m.

I don’t know why people interpret “yearend” as calendar year, not financial year - which is relevant for tax and reporting.

Pfft, I’ve had three Pfizers, and my blood is like a fine consommé. No lumps. This probably isn’t the place to discuss “natural immunity” in a modern world, though…

Oh come on, O'Donnells. We're all trying to find something positive to say, and you're throwing out double negatives?!

Maybe it is just total pony until New Year, but as my Pa used to say: "don't hit the pony; hit the dusty old trail or hit the hay".

So in Bambi, when Thumper was saying "if you can't say something nice, don't say..."

...do you think this is what he was expecting?? Did nobody have anything at all nice to say today?!
(*n.b. I'm counting this as nice)

I don’t know if I’m real, anymore.

I thought there were other people, but there all acting so suspiciously I question there existence as well as there motives. If I ever forget how to spell, I’ll no I’m no longer real and have become an alias. X

Err chaps, my daughter’s called Yooma, tone it down eh?

The 300k looked like a delayed buy to me

Blimey, sorry I asked! If I was being nosy, O’Donnell, it’s because you often say things like “We don’t understand why people are selling in the 7s… 6s… 5s…”

I’d also like to understand this, so I’m pretty open about when I’m topping up, how underwater I am etc. and I would tell the BB if I had to sell a few at a loss for cash flowing / other investments.

I assume people on here are relatively cooperative, rather than aggressively trading down, so isn’t it in everyone’s interest to have an idea of what % is held by regulars on here…? Then you’d get a better idea of who’s selling at 5.5 rather than relying on assumptions like: Rhonda’s brokers probably only trade in round numbers (!!)

Why do you think there are multiple sellers? It could all be multiple brokers for Rhonda Abony.

I never understand why people on here aren’t more open about their dealings. How many are you holding now, O’Donnell, and what’s your avg price down to??