If at IPO crowd cube want the 5% ‘success fee’ are they going to be demanding cash before they’ll release shares or will they take some of your holding- they are they locked into their position if they do this?
The whole thing feels a bit rushed and back of an envelope.
Crowdcube don’t control the shares, they are kept with Freetrade so all they can do is politely ask/remind you to give them their 5%.
It’s going to be impossible to enforce surely and the whole situation is poorly thought out 
“The 5% fee will be applied before the proceeds are transferred to you.”
No need to go through you Crowcube, we can sell our shares on the exchanges after Freetrade IPO’s 
IPO. What are the realistic timescales for an IPO? Is it finger in the air stuff or at this rate of growth is 2023 possible? It would be great to realise a return on my investment.
I imagine the email from Crowdcube is a canned response to “is there a fee when I sell my shares” - without taking into account the particulars of the company or raise.
I’m pretty sure the success fee is charged when Crowdcube Nominees is used to manage shareholders.
As Adam says, Freetrade does not use Crowdcube Nominees to manage shareholders. Each shareholder owns the shares themselves, rather than by proxy. Additionally, Freetrade manages comms to shareholders itself.
I don’t think a carry will apply to any Freetrade raise.
Seems like not everyone is on the same page, and FT and CC needs to clear things up legally, as everyone who invested agreed to the new terms and conditions before the proceed with payment, and CC is a business at the end of the day they needs to figure a way to become profitable without discouraging people with higher fees for all investments, and this only applies to the profit of the investments.
Circa 10,000 shares for sale
I’m just being nosey but seeing as you’re a founding member you must have got a great price, how many shares do you hold?
I won’t be jealous I swear 
I want to grab more UK shares, does anyone know how I can do that? Is anyone currently got shares they’re willing to sell at the current price?
Is anyone currently got shares they’re willing to sell
This dude @herbsandspicy said he’s got some for sale, maybe message him. Freetrade can sort the transfer
Alternatively, Crowdcube Cubex , google it
Also you can register your interest on Crowdcube if the EU allocation isn’t all used up, they might open up again to UK investors
@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.
Guys, please stop spreading disinformation. There is no confusion here. New R7 shares are not held by FT. They are held by CC nominees on your behalf. They will deduct 5% off your return at IPO (assuming that’s where we end) regardless of whether you decide to sell at IPO or convert to listed shares. Either way it’s an exit event where your shares will transfer from CC nominees to cash or listed shares in your chosen brokers nominee account (hopefully FT!). It’s really simple, stop asking FT for pointless clarifications, many of us have spelt it out many times.
Old R1-6 FT shares are not affected by the 5% fee.
I think the confusion is due too Adams comment as stated above, I do believe the certificate for this round will indicate nominee unlike previous rounds.
Thanks for the info. Do you have a source?
Adam contradicts your comment:
In my experience with Crowdcube, a nominee arrangement is always disclosed on the pitch page, because it’s important and it matters! On this basis alone, I have to assume that these B2 shares will be held directly. However that doesn’t conclude whether the carry fee applies or not, but it does take control away from Crowdcube.
Some examples:
eg. 1
eg. 2
eg. 3
The latest Freetrade pitch says nothing about Nominee:
Yes, see Neil Bs email from CC above. It literally spells it out on black and white.
The B shares have always been held by CrowdCube - in a Nominee structure (except for the A Share holders which is what Adam is saying.
Absolutely incorrect
Sorry, that is incorrect- I just checked my certificate from R3
Pot, kettle, black
Ok dude. At least I immediately correct myself
