Member Info for reefles

Yasss Longlad! That wasn't so hard, was it? #SEEDSP2400.00

I'm going to dig out some photos of Ed lifting a 24 pound fish to boost the campaign.

I heard a rumour that Juvenescence are trying to invent a new drug to transform an average person into the perfect CEO, who is youthful, dynamic, tough and successful.

They needed a guinea pig to run their early stage trials on, and made a deal with Ed McDermott. They created a fund for him to "be CEO of", in exchange for his agreement they can inject him with whatever experimental chemicals they like. They've had him in the boxing ring, catching fish with his bare hands, and now testing his reflexes on the race course.

I'm confident that pretty soon they'll crack it, and inject him with the right stuff to make him the world's best stock picker. Then we're laughing. Strong buy.

Haha - that's a direct hit on my battleship, Mat. I've probably lost about £40k, but I can't really think about it without feeling a bit sick.

It's not really a loss until I sell, right. So, on we go...

Strong buy!

Yes - Davey50! I'm glad there are others who see this. Mellon is getting a great deal by increasing his stake in a fund he has serious influence over, at a SP less than a third of NAV. Thus, Ed is doing a great job for his largest shareholder. Why do we need the SP to move, when the value is in the holdings and will get paid out eventually.

I suspect Matador and Longlad are just Jim Mellon in disguise, trying to talk down the SP of SEED so he can pick it up cheaply himself.

...because Mellon knows the true value of SEED and Ed's leadership.

But, keep listening to the nay sayers and let Mellon buy your shares, if you don't trust Ed!

Good hair, though.

Just catching up, after a few days in the sun…

Very happy to see further reinforcement of Mr Mellon’s position. We have an asset that a billionaire wants, and our Ed is helping him to buy it off the non-believers. Don’t lose the faith!

I also had a shareholder update from Northern Leaf on Thurs. They’ve only gone and survived! Think they’re written off to nil in SEED’s portfolio, but they’ve sold £3m of weed in the last six months.

It’s all coming together. IEWT.

Fatman - I'm not saying you're wrong, I just worry about your blood pressure if the BOD make you feel sick with disgust so regularly! (I thought the quote about doing nothing, from Winnie the Pooh, might make you chuckle...)

I'm optimistic, because to be realistic would be too depressing. Also, I'm assuming that Ed takes his instructions from our largest shareholder, who does keep steadily increasing his holding. If the fund was liquidated and closed, the shares that currently cost 1.5p should pay out the best part of 5.5p, which is a 3.6x return. It sort of feels as though it's in Mellon's interest to encourage all the current shareholders to sell up, so he can keep buying cheap then push for liquidation. If everyone trusted Ed and the SP was closer to NAV, he wouldn't get the same benefit - and this seems like it's a lower risk return than running the fund properly, even if NAV is eroded a little bit further in the process.

So, having bought my 550k shares at an 8p average (which is gutting), the idea of Mellon axing the fund before NAV drops below 4p gives me hope that I might get half my money back...

This is surely the only explanation as to the running of SEED. Otherwise, it is completely nonsensical. However, I can't really hold it against Ed that he's getting money for nothing, as that was also my motive for investing in SEED! Got to laugh or you'd cry, right? (Strong Buy!)

Fatman, I once read a book full of wisdom about life, the markets and everything. It said:

"Doing nothing often leads to the very best of something"

Oh look, Samval! We haven't lost a friend, it was just old Mellon-balls shifting things in the background so he can get himself another 2.5m share slice of the good stuff.

...and people say Ed *isn't* doing something right. IEWT.

Oh no! Who's just sold 600k shares? Have we lost another friend...?

You lot all accuse the BOD of being inactive and useless, but - once again - this has been disproved.

SEED put out an RNS at 7am, and the market has reacted by 8:23. See the trades. Ed knows what he's doing, like I've always said.

Strong Buy.

OMG, Peggy Sue, that's very negative. The whole maket is built on faith. You've just got to believe...

Mega trade!

Taks - good post on Friday. I hope you won't disappear now you're sold up.

You seem to get what's going on, much more than anyone whinging that Ed is an idiot / Ed's salary is too high / Ed doesn't invest in bitcoin / wah wah wah. There is clearly a plan in place - even if it is just for Ed to depress the SP so Mellon can pick up as many shares as possible before they collapse the fund. I've accepted my 80% losses and am curious enough to stick around for some answers - eventually.

I think of Ed as working for Mellon. Seed is one of Mellon's toys. He hasn't needed to use it much recently, but he's keeping it going, so must be intending to use it in future to fund some new projects... or to wind it up for the cash. Either way, I still quite like Ed and think he has good hair.

It's funny, isn't it, how everyone is hyper critical of Ed and wants to sell... except for the astute businessman who has direct dealings with Ed and knows what he wants from SEED - who keeps lengthening his position.

I'm sorry to see Taks selling up, but at least it's probably Mr Mellon picking up his shares.

Yeah - you can say that again...

Have you sold up here then, Taks?

How are you, Dyor? You sound a bit wounded. I just wanted to wish you a Happy Friday and I hope you have a good day.

What a nice New Year message from our Ed.

I liked the word "inaugural", (def. marking the beginning of an institution, activity, or period of office) in relation to the special dividend. Sounds like we'll be having another of those soon.

I didn't like "industry-agnostic", though. He presumably means industry-indifferent, rather than suggesting he's investing in an industrious approach to doubting we can comprehend the concept of God. Maybe that is what he's doing, but I thought it made him sound like he wasn't paying attention at school.

Still... it sounds like 2025 is the year we all get rich.