Member Info for samval2403

Fatman, have a look at other Cannabis / CBD companies. They're getting battered by the markets. Ed isn't wrong about that

Let's see how they spend the £3m. Though as said by me a numerous others here it really should be spent as much as possible on Seed shares.

Yeah Midas it seems weak and Ed can't blame this one on someone else. They were his CLNs. At least if your taking (not even liquid) shares get your extra 25% like you were due on IPO. Why wasn't that written in to the deal to account for acquisition. I'm guessing Seed could have dug in to get a cash return and block this but decided not to

Still 18% blended return not too bad and OTO are having increased success raising and growing. Like Mat said overall a good deal even if a little disappointed to not get the best deal. I'm happy with it, but anything less than the best and you always notice it with Seed

No 20% discount on IPO benefit and a significant % of the payment in more non-listed shares in another loss making company

Technical win for the fund still, it reads to me like they really didn't have much of a choice

You've just made me realise I've been kicked from the group Chris, ah well.

SWB sale hopefully leads to CLN repayment fairly soon. Shame they couldn't list so Seed get the real advantage from their investment but £500k+ back will be another nice boost to the Leap money. Northern Leaf decision day should be soon too.

Most importantly though, please Ed if you ever read this board use some of the cash for a buyback!

I'm with you oldmanriver, buyback is the clear smart play but it just doesn't seem likely to me. There's no win in it for Ed and Alfredo to be seen as making a good investment, so they'll buy something that needs to 3 bag to get the same value as buying themselves right now.

If Ed is serious about the market not valuing the fund right then buy the fund at a massive discount.

Since Doggo seems to have given up on the sharing the LinkedIn posts I'll add this one from Seed's number 1 current investment - https://www.linkedin.com/posts/avextra-ag_meet-avextra-europes-leader-in-cannabis-based-activity-7049319349584572416-HWQj?utm_source=share&utm_medium=member_android

A company that will be ready to commercialise big time if German regulation comes through in their favour. News expected in the short and medium term, Cannabis law improvements were a part of the coalition government's manifesto

This, Juv liquidity event, another £1m or so in CLNs as well as the big one of how they spend the Leap cash can provide a boost to market perception of Seed. Ed has talked big before and failed and we all know this. Just one of the 4 catalysts I've listed here can change that

GL all

£4.8m Leap money + £4.4m just raised £17m Avextra + £1m+ CLNs due imminently + £2.8m Juv + £1m liquid LGP

If a £4m mcap isn't the right time to take a seat at the table. I don't know what is.

Looks like the alleged Twitter / TMS pump hasn't worked out as well as hoped.....

Agree with Barwick. Just because some of the 10% crew turn up on a beaten up stock it doesn't mean a significant rise is coming. It's hard to get excited right now. If this clears 2.5p before that Leap money comes maybe then is the time to have hopes

Still a stonking buy at 2pish to me. Just not one I want to get excited about until it actually moves

It would be nicer for the rest of us if there wasn't all of this playing around

A good starting point would be oneforthemoney stopping posting but they're a part of this awful routine and I think they love it

"Inferred value in the carrying value of SEED's holding in Avextra remains at c. €5 million (c.£4.4 GBP million at today's exchange rate)"

That's the whole mcap at 2.1p. 0 value for the £4.8m Leap money or the rest of the portfolio! Even if you do think this fund costs too much to run, purely based on today's news it's undervalued.

"The market doesn’t buy our story as is, reducing the amount of shares available by buyback won’t attract buyers IMO.
Leap was our draw card. We need juice, we haven’t got anything for people to get excited about."

Light agree on your premise Longlad. Medium term though if the juice did come and there were for example 15% less shares in circulation it would have a bigger impact

Opportunity exists in the portfolio if the cannabis wellness sector improves. Eurox/Avextra investment worth over the current market cap on their last raise.LGP seem to be operationally good whilst their SP has been less so of course. Inveniam have big figures that might one day mean something to us. c£4.8m Leap cash + all the CLNs they have are worth something

Barwick and Longlad you're both better than this

£2.4m coming from Leap. £1m for 12 months expenses ( which yeah I mean complete agreement is absolutely disgusting) leaves £1.4m to use. That buys 25% of the company at a 2.5p average. Even if they picked up 10% at that price it's a nice way to get the NAV per share back closer double digits

Okay Barwick, from a different angle he picked 2% of the company in under a week in December. I don't see any reason they can't slowly buyback 10% of the company in a couple of months all still likely all shares bought under 3p

They can do it fairly slowly. Ed bought nearly 3% of the company in not a lot of time

Buyback is a near must now for me Mat. If they can get on with it quietly they can take 10%-15% of the shares out of circulation fairly straightforwardly. Buying themselves at a 70%+ discount to NAV is a better investment than likely anything they'll find right now

I have said similar before but right now it's the biggest open goal they've got. Naturally of course they'll instead find something to invest the £1m or so extra Leap money that they get to justify the mounting expenses at the fund. Medical cannabis is not doing great right now but Seed would have the chance to pick up something at a hopefully good price

Either play should raise the NAV per share mid term, former of course better than the latter. GL everyone still invested

What a comment from the CEO. Yes the Yooma holding is immaterial now but the 4m shares certainly were not when they were bought by the fund.

Anyone thought what Norbert Teufelberger's next move might be now Leap and Seed are done?

Just trying to be realistic about my investment Biker. You're just salty I referred to you as foolish.

Read this a few times: No one here can move the price of this share. Ramps, deramps and everything in between are just people expressing their views and sharing information.

Stage 2 isn't even an offer stage, it's a further DD stage. If no one wanted to even move there how good can they really think Junior Lake is? If it isn't selling now it likely won't sell. Believing it's solely 'market conditions' that have tempered interest is foolish to me.

I'm down to a quarter of my highest holding here and need 37p to break even. I've now joined the esteemed Landore Resources bagholder club, hooray. The CEO should be ashamed of himself, coming out mentioning $100-200m deals and not being able to get anyone interested in even moving to stage 2.