Crowdfunding 2023 - šŸŽˆ

Freetrade Chat šŸ”„
177

For FormFormFormā€™s (Sugru) buyout by Tesa, crowdcube investors received a payment of [number of shares] x [price per share paid by Tesa].

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178

How can anyone say? Itā€™s impossible.

There are so many different ways a company could be acquired that itā€™s pointless speculating.

You may get payment in cash straight awayā€¦spread out over several yearsā€¦you might get shares in the acquiring companyā€¦you might get a mix of bothā€¦you might get paid in Argos vouchersā€¦anything is possible.

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179

Several hundred thousand Ā£ on an Argos gift card. That would be something :joy:

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180

Will the shares from the last CLN convert to A or B shares orā€¦?

I havenā€™t seen any mention of this, apologies if itā€™s addressed elsewhereā€¦

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181

WOW
image

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182

Thats just a million I think they were really hoping for Ā£2.5 mill

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183

mil was the target

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image1146Ɨ342 107 KB

184

B shares

185

Thatā€™s the target set on Crowdcube not what Freetradeā€™s goal is.

186

They will probably just hit the Ā£2.5 mill target which would be on-track for the ā€œbase planā€. However, to realize the ā€œgrowth planā€ expectation was to get Ā£7 mill in this roundā€¦which I donā€™t think it would happen.

( see slide 25 of the pitch deck for reference)

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189

Well on the way!

190

Is hype not a factor in valuations?

191

After investing on the over estimated value of Freetrade in Nov 2021 and the failure of Coconut last month or so, I think I have learnt my lessons with Crowdfunding and will now rather invest in the stock market for the long term. Sorry

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192

FT just published updated May numbers on crowdcube. The EBITDA loss for May has been revised down to Ā£0.4M. This is down from Ā£0.6/0.7M they mentioned at the crowdfunding meetup. Veeery close to profitability.

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193

Yep really promising update!

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194

Well I invested in the end, only through in a grand, so will bring my average down slightly. Didnā€™t really fancy putting anymore in.

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195

Will existing shareholders with more than Ā£10k value (> 3,850) also receive the monthly business updates? Iā€™d really hope soā€¦

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196

I have the same question.

197

Did I hear right?
The last CLN round will be converted to B shares at a 20% discount to the new price of Ā£2.60?
Or did I dream that;)

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198

I donā€™t think you dreamt this unless we had the same dream :sleeping:

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