Yeah just got this too, any ideas?
Snap, will be interesting to see what the “different” means. Also, the “take a break” thing worries me as that is sounding very like a gambling site and strange they feel this is needed. Hope it isn’t a sign of future things like crypto that need warnings etc.
I have no idea what the required regulations are, but maybe Freetrade will allow you to invest via the Freetrade app.
Debt round
Do we need a separate thread for wild guesses about the share price of R8?
P.S. where is my R7 badges at?
You can only have one badge a time. Did you opt to retain your R6 badge
The Honey email mentions it at the bottom section.
I have not! I just check on my profile and the only badge I can choose is R6.
Same here, I would have thought you should have all your eligible badges. Then you can select whichever one you want to. Fingers crossed this will happen. But I supposed in the grand scheme of things it’s not really that important really.
They haven’t done the R7 badges yet so not linked to having other ones. At least I have not got mine yet so assume same for all. I believe it was mentioned several times it is being worked on but no actual confirmation of when it will be released.
What are we thinking the discount and interest will be on the next round?
We know the floor price should a new funding round not materialize is £3.77.
Quite a drop from the £9.25 from R7.
My understanding is the next round will be a convertible round with no price set.
FT has already converted £7m at £3.77 a share…
I have no idea why a ‘delay in creating the group corporate structure’ resulted in a partial conversion or why FT failed to act in a timely manner to ensure something like this wouldn’t happen. Just sounds like a massive balls up to me - I’m sure it will be spun otherwise…
It’s a big shame that they keep missing EU launch targets, as it would have given investors some confidence they can execute ahead of this upcoming raise. Instead I think this will be the 5th crowdfunding round in a row which will state something along the lines of “funds to be used for our EU launch”.
I hope @acamp and the team know that without some positive news or updates, this round will not be successful.
Personally if I am to invest further, I would like to see:
- How close Freetrade are to profitability and how will you close that gap
- Clear and concise strategy to rollout in the EU with low marketing spend
- An update on attaining a crypto license from FCA
- I want to see a vision for how the product will look in the UK in 1/2/3 years (and it better include statements, PMT levy, LISA, JISA etc )
- What has changed to ensure you won’t miss all your targets, again.
Times have changed from last year, where those minimal effort slides and a cool video brought in serious money.
(This post will probably get flagged again, but I hope the cheerleaders take this in the constructive manner it was meant)
Edit: Manner not manor
Would personally like these items addressed too!
I like what you said and agree with all but it being a successful round. I am sure they will still get more than enough people want to average down
However I don’t think I will be adding anymore to FT any time soon.