@NeilB has any clarification been received from @Adam about this? As you say the situation is confusing. I assumed when I signed up for shares there would be no ‘success fee’ because Cube said:
Crowdcube’s success fee only applies to profits made on investments in businesses that opened to investment on or after the 1st of April 2021.
But Freetrade opened to investment long before 1 of April. This round is exactly that a round.
Crowdcube don’t provide support with respect to Freetrade shares - which in fact Freetrade directly manage. So what does Crowdcube think it is doing?
In any case Crowdcube don’t manage these shares so how can they ever know what profit/loss one makes on the shares? Say Freetrade IPO’s but the share holder doesn’t sell shares - (s)he hasn’t made a profit/loss.
Crowdcube charge a investment fee of 1.25% capped at £250 taken when you pay for the investment - I get that. The rest is confusing.
It would be really good if we get clarification - we can see from many of the responses on this topic that there is confusion and we are unclear what the situation is for R7 investors.