September should be a huge month for Freetrade, when can we get some dates and details??
Based on previous communication we are expecting EU stocks, expansion and crowdfunding to happen this monthâŠ
Weâve seen some movement in EU stocks from the recent T&C update, but still no date or official announcement.
Expansion doesnât seem any closer, especially as the French team member has left and not been replaced (to my knowledge) and the Swedish operational team is still being assembled.
Crowdfunding campaign we are left guessing when this will be, waiting for 1M users makes sense to me but it would be good to hear the strategy!
Sam announced the crowdfunding wouldnât be this month. The schools of thought from that thread are
Waiting for 1,000,000 users
Waiting for EU expansion which has been delayed (FT are building their own platform for this and Adam has hinted a some improvements will come alongside like National Declaration & Shareholder voting)
Maybe they are working on growing the business by improving the product and expanding to new markets, and preparing a joint CF VC funding round
I donât think thereâs much to say other than:
a) weâre on it, completely focused on it
b) itâs done, here it is⊠the moment we were all waiting for
How often should they repeat a) till it gets boring?! Let them do their thing while we focus on ours: read and interpret financial statements of the companies we want to invest in
Well surely thatâs a given. Otherwise we are all in trouble
I donât think itâs much to ask for an update after you publicly set targets (with an overly enthusiastic community) and then fail to meet them several times over.
The things they are trying to do are not easy, but a quick update to your investors & community is well, easy!
This is why I say they shouldnât talk more Iâve always been taught to make sure you deliver on time no matter what and best not to say you will do something unless your 100% you will do it in the time mentioned.
As they have said they will do things in certain time windows then an update if they wonât make that deadline should be posted but surely that is what Sam did recently.
My mistake I thought he had done a brief update recently but forgot it was the funding which people had linked to EU expansion as apparently both will do raises at the same time. The rest of my comment actually agreed with you. I donât get why a company would say they would do something and then not complete in time as it is terrible PR/trust. âRight first timeâ should be almost always kept to and not multiple delays.
Think people pitching FT to the EU based audience should wait till more of the official news come out
To give you some local perspective. Trade Republic has been investing heavily in social media marketing in France. They have a similar low cost investing positioning as FT.
Hope the news come out soon enough to capitalize to the max on early adopters
I think Freetrade wonât be late to the party even if expansion to EU countries is delayed to 2022, because of the combined power of crowdfunding and word of mouth.
Having said this I personally want the EU expansion to be a thing of the past. I wouldâve liked to have seen it already.
I reckon the doors have not been opened yet mainly due to the time it takes to obtain the licences from the regulators.
And now the possibility to open new countries after achieving 1M users in the origin country seems to present it self⊠I think this possibility has an invaluable, priceless symbolic value and should not be wasted.
Like everyone else I canât wait to know about it to the point of feeling restless at times, but I also think management must keep their mouth shut till the moment they announce it and make it official.
As for Trade Republic I wish them well and hope they are successful in their business ventures for I believe competition is the best for retail users.
The rest of my comment actually agreed with you. I donât get why a company would say they would do something and then not complete in time as it is terrible PR/trust. âRight first timeâ should be almost always kept to and not multiple delays.