Yup, itās a whole heap of nothing much, but @GMCay can probably explain it better.
@Viktor can we still expect this today? Investor communication has been really poor lately and giving us false hope like this just makes it more frustrating. I really donāt want to wait another weekend. Please help us to get excited about what has been achieved lately and what is to come.
So BEFORE Saturday then?
The company issued some G Ordinary Shares that will be awarded to the management if the exit value is over £357,997,590 (G Hurdle). Meaning if the exit value is less than £357m the G shares have no value
This doesnāt sound like itās in shareholder interests tbh. If the company exits above something like half its current value then the directors get rewarded? Iād expect it to be aligned with an improvement. Not a fan of setting a low bar. Or have I got the wrong end of the stick?
It is not unusual that the Boards of companies award additional shares to Founders based on exit outcome.
Maybe Freetrade Board should have disclose this event (G shares) to all the shareholders, but probably by governance that do not have any obligation for disclosureā¦
At the current rate of development, I think theyāve set the bar really high here.
@hookedinvesting Dude?!?!?! Seriously! >shaking my damn head<
Iāll leave this here for the FT trade team.
G shares were added to the Memo & Arts in November you should have seen that in the previous filing.
Also, I am not sure how you determined these are for management only. They are for all employees and their purpose is to align their interests with those of us shareholders - the ultimate growth in the value of Freetrade. They were issued so Freetrade could retain and attract top talent.
We have got to stop picking apart ever decision that is made as if you know better. Either you trust the management team and the board to make the right decision or you donāt. So far it looks like they have done so much in the best interests of shareholders. Let them keeping doing so.
Also, I am not sure how you determined these are for management only. They are for all employees and their purpose is to align their interests with those of us shareholders - the ultimate growth in the value of Freetrade. They were issued so Freetrade could retain and attract top talent.
G shares (Growth Shares) are issues for founders/Board members only. Usually companies issue them to funders or Board Members after the Series B/C.
As an investor, I can tell you that in the last 12 months both Moneybox and JustPark issued those type of shares.
However JustPark have the decency to ask the shareholder to vote about thisā¦
There is nothing bad about itā¦I think they can incentive the management team
The big news item in the email is ā [Feature Request š§] Desktop/Web Interface
We have got to stop picking apart ever decision that is made as if you know better. Either you trust the management team and the board to make the right decision or you donāt. So far it looks like they have done so much in the best interests of shareholders. Let them keeping doing so.
Thats your opinionā¦So why you write on the forum? Just seat, enjoy your investment and wait for the returnā¦
Freetrade did ask voting shareholders to vote on it.
Can you evidence this please. Happy to be proven wrong. Just trying to stop miss information.
Ok! A web interface, the newsletter was worth the wait! Personally Iām happy with the phone and iPad apps but Iām glad this feature is here for those who need it⦠and all at the low monthly cost which is the same as a single trade on AJ Hell.
Iāve dropped Plus for now as I canāt afford to put it to good use or save in an ISA. Everything I have is going into a LISA at the moment but as soon as FT introduce them Iāll be straight back over to paying for Plus and the LISA subscription fee.
So they have been busy working web interface is a highly requested feature.
Hang on, what have I missed? Is there an update email?
Hallelujah
mind to share some KPI stats?
Yeah, there was a quarterly update email from Freetrade