The most striking thing is how Freetrade can survive with the £2m that they raised 1 years ago.
- they are now profitable?
- they are selling the business?
Time will tell…
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The biggest thing that annoys me is hiding behind statements like, “we are really busy or I have a lot on my plate right now.” Seriously are you kidding me, who isn’t/doesn’t?
It’s all about priorities not volume of work. We are clearly well down the list of priorities. It’s been over a month since the initial request for an update. To demonstrate how ridiculous this is that equates to approx 200 business hours. A basic 1-2 pager commercial update takes 2 hours max therefore, 1% of the total time since the initial request 
I’m saying no more on this now and have chased enough. I can only assume there is something bigger at play, that cannot be shared, that’s the reason for this secrecy and lack of transparency.
Over to you Freetrade……
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Alex liked this post 
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Doing well to most, would mean a value above R7 at a minimum. Will be intriguing to see what they say at the next review/statement.
Doing well could mean an exit opportunity at a ten quid or more share value to show we’re back to where we were in spite of alot more competitors in the UK now.
Fingers crossed the freetrade features the team are working on will catapult the profitability of the company.
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Ten quid would be fantastic and not doing well
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I appreciate that everyone is eager to see some results. We’re getting it together and are awaiting some final checks. This Is a bit more involved because we switched our financial year to match the calendar year from 2023. We’re also keen to include a few nuggets about 2024 so far.
You’ll here from us 
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Did you just say “” I thought @Viktor owned the copyright for that
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I did 
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Alex, just be aware how much this thread is going to be linked during the next fundraise.
There may well be other priorities on time, but this will hurt the next fundraise. It will also put you on the back foot when trying to make free trade looks like it cares about it’s investors when you are asking people to invest.
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If Freetrade go into profitability then hopefully they won’t need another funding round. They can’t keep returning to the money well without showing that they can make a return to their investors.
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I’m sure we’ll see that the company has been profitable since the end of summer 2023. Interest rates will have massively helped out there.
Marketing spend is back on, so I’m curious if future CC raises would be considered. What the margins are will be the most interesting element of the update.
I don’t see how there would be any appetite from existing FT investors in a future raise unfortunately, unless the path to IPO is clear. Even so we all know how investing in the last round before a public listing typically goes (save yourself the trouble).
The pull back from communication hints we are no longer a useful resource to the founders.
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Thanks @acamp for always showing up here and dealing with our frustration.
Looking really really forward for the update 
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Dealing with or adding to?
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I don’t think we’ll get a valuation if they aren’t doing a funding round, just some financials, revenue, profit(hopefully!) etc.
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There might be an argument for a funding round to grow faster, so never this black and white.
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Spoiler alert: apparently FT was profitable last month. Good news although a couple of months late.
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Yes Mr Gordon Gekko, yes it is time to start thinking about an exit for investors 
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Sorry for my inexperienced question but what exactly does that statement mean? An exit as in selling the business or do they mean some sort of being stable in profit etc IPO to allow founders to make profit?
Sorry confused.com
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Too many messages to read back, when’s the update coming?