Member Info for robrob

I heard Broadmoor Hospital have released a few people in time for Xmas :)

Looks like it is turning a corner with revenue, a promising RNS, I’ll read it in more detail

In the 5's now. My top up, 21,178 @ 5.89

I do not think it will go much lower, however I have been wrong in the past!!!

Soon enough? The SEED portfolio has EUROX titled as "longer term" investment. https://seedinnovations.co/investments/portfolio

IICB,

LEAP has been a direction for IPO some time prior, you can see some of the date timelines in FFWD result statements. This is why there are frustrations and concerns as it goes back way beyond 2020

"this is the worst thing ever Ed is really bad, Im losing money , leap gaming's rubbish, emmac was a scam etc"

- Ed has told us LEAP is going very well.
- Ed has told us he was delighted with the result from EMMAC for shareholders

There needs to be a real reflection on what is being said by RNS and interview, if these statements are true.

If Ed is happy with progress on LEAP he should confirm if it is an asset sale or an IPO at this stage of the works.
If Ed was delighted by EMMAC, then there would have been an IPO, remember this is what was being worked towards.

I think the problem is that the broad investment vehicle of FFWD is a past memory. SEED is a cannabis fund, working in a growth sector, with an asset that should not be in the porfolio.

We shareholders are asking why the growth being reported in the sector and on occasion of investee company is not reflective in valuations and share price, why is it performing under NAV if the portfolio performance in a growth sector is strong.

Cash has been invested / spent, there is little reserve left, the argument that this has a multiplier based on a cash asset is not available now.

No one wants to walk away from losses in a AIM company where the MD is "happy" with the portfolio and progress. If the Board was unhappy with their investment then I'd consider walking and taking a loss, but I'm told otherwise that "things are great" by the podcasts/interviews from Ed and that he would not sell for £50M if offered as the assets are in his opinion valued at a much higher level.

It takes some balls to say you value your portfolio as £50M+ when its circa published at £15-17M

There is a real disconnect here.

What shareholders are asking is for a real update from the BOD for LEAP so decisions can be made. FFWD was meant to be a fund for small retail investors, it seems SEED does not hold this value.

Just the 81.82% down since it IPOd

Trying to compete with the Factom loss? You'd think that would be hard to beat..... here comes YOOMA!

I did not realise that had happened. It does not sounds good or make sense to me.

The latest (singular) RNS update relating to LEAP was in March 2021, before this was the round-up in results, in July 2021.

Nine months of no RNS update from LEAP means no update from our largest nav/portfolio holding.

Explains why the share price is in the gutter.

Update is required. Seriously. Ed???

Jeez, if we knew the value, pace, run rate, where commercials were at, of Eurox... wow. 24 months is very difficult to guess, let alone 12 months or 6. So much legislation and politics either to open up or slow down progress...

Sounds lovely, I have a wonderful fireworks on Saturday cannot wait!!!

Hi ICB888

I didn’t say I wanted “all the information” what I’m alluding to is that the exploration for float has been a long time (2017).

I’d like to know more information about where this process is up to. We know there’s a slim chance for this year according to Ed, what exactly does that mean? What exchange are they intending to go for, prospectus timeline, it’s basic information not privileged that I seek.

Anyway each to our own. Your view is your view.

Thanks mat :)

Yes it’s odd times indeed.

I’m pretty sure what goes on in Twitter and these bb’s filter through.

I totally get the secrecy and commercial position where there has to be less information shared, but in the case of Leap, the company information is split across companies, nearly all shareholders don’t even understand the sales model of leap as it’s information blackout

This approach is so limiting, surely this far into a ipo or sale there is the common sense to update shareholders with some specifics. To not do so and remain silent tells me that any deal is troubled.

I think your position is very different to mine (as it should be). Detaching oneself from an investment is not an easy thing to do. This is the longest hold in my portfolio, and while I am no where near a large holder, I've invested 13 tranches myself.

Thats 13 times I have purchased or averaged down my holding. I am not going to walk away from continued WRONG and LOST promises from the board while they donate shares and have side deals. I have learned that no information from FFWD/SEED normally means trouble.

Lorne, Jim and Ed have done very well from side deals and salaries, its time SEED steps up and looks after its retail investors.

They have an accountability to shareholders and if a 50MC is flippant talk then Ed needs to be accounted and reminded that what he says in interviews is part of how investors look to make decisions.

I think this is only fair.

As emails have gone unanswered I will remark using channels open to me, I think thats a fair approach.

Lastly, there are some encouraging shoots of growth from what I can see, so don't call me a deramper, its just I'm more balanced after the experiences of FFWD and SEED to date.

SEED seem to be in growth sectors, the big question is WILL Seed deliver this time for shareholders? Wads with his daily. hourly posting of how great the market is and the billions it will grow into is a bad taste, its repetitive, Great if you can buy at 5p and sell high. well done.

To others including myself, I take the ramping news with extreme caution these days. So I wont detach myself from my investment thank you.

RE, what you wrote Mat, It's the amount of missed deadlines and vagueness of information, for me, it's also that we do not have any other near term liquidity events left at this time of this size or value.

As another poster highlighted LEAP looked into floating back in 2017.

For me, It's a very long journey that is made more painful through the vagueness.

Be careful Midas, people send rude pictures to each other on Twitter by DM, you might get a BIG or SMALL surprise

LOL

And by that I mean doggo.

I think you are smoking crack to be still droning on, surely you have a life outside of this bb?