Member Info for reefles

...I was sure we were going to see a 100k+ buy around 4pm. Shame.

Cheers Scoobs. Let's just hope there aren't any shenanigans! I think we'll be waving goodbye to single digit pennies on the SP soon. GLA!

I do my market research like everyone else, yep...!
(DYOR... in a well ventilated space.)

Haha - well I love your talking horse reference! (I assumed you were talking about stalking horses, until the penny dropped!)

I just maxed my overdraft and bought another 23k, 2mins before your words of warning. So, with the greatest respect, I hope you're wrong and we see a flurry of new interest this week. (Which I know you also hope for...)

We'll get there! We will re-rate before long, and then my mum will take us all to Pizza Hut as a treat, (if we behave ourselves). And as for a hollow win, was it the Mouldy Peaches who sang:

There’s no such thing as a harmless joke
There’s no such thing as a gentle toke
There’s no such thing as a hollow win
Who-o-o is bought in? Who-o-o is bought in?

Forum doesn't start until 4pm today, but I would expect to see some big new buyers taking an interest in SEED today. Maybe in time for market close, but more likely with some large orders to be filled tomorrow.

In my humble opinion only, anyone with liquidity / other stocks they can sell... would be MAD not buy in at < 9p today. Pretty soon, everyone's going to know about our secret stash of investments that are underpriced by 30%... and which are getting more underpriced by the day, as they all start to flourish. GLA.

I can't imagine what it must be like to have those responsibilities, but I want to reinforce the opinion I've expressed here several times before: I think ODonnell is excellent and a valuable member of the BB.

(And the comments about charities made me chuckle. I'm between contracts at the moment, so have been doing the accounts and governance work for a charity that brings free audiobook readers to patients in hospitals recovering from ICU; a group of 100 local artists who open their home studios for a fortnight in the summer; and a society for tulip exhibitors... whilst looking in at this board!)

Halifax will apparently sell me £7.5k's worth at 8.837p.... which I would do if I had £7.5k spare.

Not the picture we saw on Friday, with no volume left. Who on earth would get out of SEED at this point??

Can anyone see the volume on the 8.80 sell at 17:09...? If all LSE's buy / sell tags were correct today, there was almost exactly 300k more shares bought than sold by 5pm today.

I actually giggled at the 5k buy yesterday that went through at 8.48 in the middle of the 8.50s... after the MMs had whinged to AJ Bell the day before! I think they might have disadvantaged themselves.

Does anyone want to play Truth or Dare today? Dare = put in an order for more than 5k shares. Truth = say why not...!

Yeah - Wadnob's a right rampety scamp, with all his references to relevant, independent, market analyses and press releases, the selfish bar steward...

I don't understand how the MMs could be "disadvantaged". I mean... couldn't they have just calculated what they would have charged, and recouped this by upping the Ask...?? What have I missed? (Is that just against regulation??)

I'm getting attached to Leap. I think we should keep it. If it has an IPO, I'd buy in...

The paranoia is that if there's any sense of smoke and mirrors being used, it's a really bad sign. Like... catching the first mouse you've seen in a house. You don't think, well it was only the one, everything's fine now.

So, even though I think it's extremely unlikely, Longy's right to call out anything that looks off. If SEED are not actually making site visits, but periodically posting updates so it looks like they're busy - they need to be less sloppy about it! I don't think that's the case, but this BB does often criticise SEED for not being in the public eye enough. If they're trying to fake the clout they have with clients, or their engagement with their investments, it ain't a good sign.

I didn't get the Bangkok reference, though. (An old tweet of Alfredo's?)

Talking of farmers / pharma, is anyone here invested in MGC Pharma? If so, wise move!

It does go to show how quickly things can move in the industry, though. A nice 50 or 60% bump is surely due here soon.

Ta Mata d'or, you're right! I might be rich in the future, so they should still be inviting me to their parties.

Chrystal were very keen to have a private conversation with me, after I put in for Northern Leaf. But, so that they didn't get unduly excited, I told them: "with bonuses and holiday sell-back, I've just scraped over the earnings levels for HNWI in the last couple of years; before that I worked for charities and was skint. I've got £10k in Northern Leaf (despite applying for £30k) and £40k in FFWD - which I think is at a better discount than investing directly in Yooma - so you'd need to convince me that you've got something more attractive than FFWD in an ISA".

Not heard a peep since then. When I applied to dial in to the forum, I got an automated "thanks for applying, but... (and you can almost hear them sucking their teeth)... it might be a bit too busy for the likes of you - we'll let you know". That isn't verbatim. I might just need some nicotine in me - I'm usually an advocate of Chrystal.

Oh! And I see the O'Donnells are to the rescue anyway. (Is it OK that I think of you like parent figures, O'Donnells...?)

Reviving an old topic.... Did anyone get confirmation of tickets to this event? I applied but haven't been sent login details. (This is possibly because I was pretty transparent with Chrystal Capital when they were raising funds for Yooma: "I barely scraped into the HNWI bracket when I invested in Northern Leaf, and I've put literally everything I have left into FFWD"...!)

It's two weeks from today. If I'm allowed in, I'll take notes; but if someone with more gravitas wants to register for a place so we can make sure we're all updated, that would be great.

https://www.lsegissuerservices.com/spark/cannabis-capital-markets-forum-2021

Awh, I love your posts here O'Donnells! Looks like someone's just bought a decent chunk (123k shares) and we've bounced off an Ask of 8.12 back to 8.14. At least it's the right direction of travel. I've given up trying to understand what's happening...

O'Donnells - are you still "strong buy". No opinion listed...
x

l'orange - I think there's a marked difference between setting up a new fund in a bull market, and changing the name and focus of an existing small cap fund to concentrate on a new market. It's weird and confusing. The people who wanted to invest in tech might not like the idea of cannabis. People who want to invest in a cannabis fund can find ones which don't have some old tech holdings to shift. This is why I see Seed as such a good opportunity. It's like '80s movies - the gawky looking geeks in thick glasses who turn out to be winners in the end.

O'Donnell - respectfully disagree with your take on portfolio analysis. While we can't control the share price by assessing the underlying value, we can determine whether it's trading at a discount or a premium and act accordingly. And - yes - I would buy more and more except... I already have. I'm spent up. I'm in for just over 500k shares at an avg. of just over 8.5p, and if I think NAV has fallen below this I'd be thinking of selling at a loss. Probability assessments aren't entirely futile. I do agree with the sentiment of needing to be patient, though, of course. (And I just generally like you...)

Pleasure, Shelly. If you like - or anyone else does - I started drafting a tracker of SEED's investments, with a view to estimating some possible expectations for each. I didn't get particularly far, to be honest, but it might be a useful template in case anyone wants to keep their own version. It was meant to be reconciled to the March accounts and current position. Obviously, all possible disclaimers - not updated for a few weeks and I am in no way claiming it is accurate or correct:

https://we.tl/t-9PKbCAmTzD

All sounds well researched and sensible to me, Shelly! This isn't to steal your thunder, but here is a similar list posted by Scooby at the end of July (Scooby, I hope you don't mind me digging this out). Shelly's is more up to date. Scooby's slightly broader. For new investors, welcome in! Come and hang out in Aladdin's Cave...

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9p is peanuts when the NAV is 11.72p as at 31/3/21.
A c30% discount to the NAV = distressed level which SEED in no way is.

Since 1/4/21, the NAV has increased substantially with:
- very profitable sale of EMMAC,
- excellent investment into LGP
- pending IPOs of smaller investments of SWG / Northern Leaf (publicised but not sure when)
- UK listing of Yooma
- Write back of investment of Factom (positive impact to the P and L) which was fully written off a whie back.
and
- the jewel in the crown - imminent IPO of Leap Gaming (SEED own c44% and c23% owned by giants IMG, part of Endeavor (nasdaq).
plus desserts - pending Nasdaq IPO of Juvanascence (see recent news of Insilico, one of their investee companies).
- imminent IPO of Juvanascent

Probably missing a few other tasty morsels. Absolute no brainer -
- as a growth stock play - cannibis sector
- as a value play (c30% below reported NAV (albeit outdated now since current NAV even higher)
- Plenty of cash / no debt and will be hugely profitable in this FY.