Thatâs summed up things pretty well. I am also finding it harder to champion Freetrade lately.
The business update delay has been disappointing to say the least. Also at the last investors meet up or the one before , investors were told there would a recording made for those unable to attend. Despite various requests it was never provided/shared.
I fully understand everyone at Freetrade is busy, but no point advising something will be done then nothing happens.
Do you know why they have not released an update? They donât really give a toss about the community unless they need your vote for the British Bank awards.
I can guarantee you that the numbers are going to be very good
We should also all remember that no matter what happens @adam and @Viktor are already multi millionaires.
Any delay to include another âgood monthâ and to round off the whole quarter has to be good news.
I get that these financial results are particularly important considering the stage of the cycle. Itâs so much more important that these are good versus the timing of when we receive them.
I agree with you and Simon, that waiting longer to include good news from Q1 is beneficial. My issue is with:
The lack of any business updates to crowd investors to date (other than in the fundraising rounds).
The repeated promise of such an update with no information forthcoming.
The teasing of, and stating of, dates where the update would be provided, yet those dates being missed.
All this could have so easily been avoided with a simple statement such as:
âWeâd like to thank our crowd investors for their continued support of our platform. We understand the appetite from our investors for information on Freetradeâs performance and apologise for the lack of transparency to date. Going forward we will be releasing an [ annual/bi-annual/quarterly ] business update that you can expect within [ x ] weeks of [ year/quarter ] end closing. We anticipate the first update will be in [ month ]â Etc etc.
Iâm still surprised they didnât release one feature in Q1 itâs bad enough the Christmas list was incomplete and keeping everyone in the dark so so long even the half built web app was put on hold so long ago they could have finished it by now at the moment my confidence in Freetrade it all time low.
I donât ât believe anything they say anymore there all hype now to keep us staying on there platform, took them years to do a function website still surprise me everything they do take ages like they have interns in the software development who are still learning, all year no features and Christmas itâs still half bake I know they where building there own fx system but that doesnât take all there development team focus away
Sounds like they need to setup some âStart and Finishâ Task Groups with the emphasis on the finish to get their promised features out. Alongside quality assurance monitoring to prevent drift.
Itâs nearing 8 weeks since my first posting about a business update. Appreciate things are busy at Freetrade HQ but are we close to receiving an update?
Maybe there is big news brewing that it wouldnât make sense to release the update yet then drop the news after. Having seen something similar with m&a transactions for private conpanies in my time on both sides (just my opinion)
Something must be up, I know :freetrade: have been worn out some peoples patience but the longer this goes on the longer I feel there must be a reason for the silence.
This was the type of behaviour that occured when they mentioned they would share a video of the investors meet-up , I think it was last year. It was never forthcoming despite repeated requests. Eventually Freetrade stopped responding to requests for it.
Now I see the same behaviour for the Business Update , continued deflection. Itâs wearing my patience thin to be honest. More so being an early investor.