Whatâs interesting to me is how many people here are saying theyâre going to leave Freetrade as a customer just because they got screwed over as investors.
Can I ask why? (and this question goes out to everyone else whoâs said the same thing). After all if youâre happy enough with the product to have remained this entire time then why should this sale affect you in that regard?
And just to be clear this isnât a question I can personally answer, because I became jumped ship several years ago now because I became unhappy with Freetrade as a customer before I did as an investor.
Shocking Viktor. You have sold us down the river. You talk about investing democratisation, show it then now it actually counts and give the shareholders a vote on the sale.
I will certainly taking legal advice, and encourage others to do so.
Although I doubt IG will have any involvement at all, you give the impression that IG will just want to let it fail instead of helping grow in order to make them more money. However in the email they claim:
The deal will see Freetrade continue to operate as a commercially standalone business, under its distinctive brand
which if taken at face value will mean Freetrade will continue to operate and build itself in the way it always intended to anyway, so again the investing side shouldnât realistically affect your views as a customer unless you think IG will ruin Freetrade. If Freetrade doesnât improve as a result of this then they clearly never intended to, but itâs still odd to me that people are using this as the reason of why theyâre leaving.
Itâs a fair question. I guess Iâm just feeling a bit deflated that Iâve spent the past 5/6 years believing in them (And getting many of my friends/family involved), using the product myself for many of those years and spending thousands of pounds within in it (As an investor and also a user). For them to accept what I consider a low offer for the company that ultimately has affected most of us. Obviously I knew the risks and I accept that risk and ultimately I accept the loss.
Sorry if it sounds a bit bitter, but I donât believe they deserve more of my money (Hence the move to 212)
Iâm struggling with the fact youâre defending a company who are celebrating an acquisition whereby their crowdfund investors lose 55% of their investment in 18 months, despite the company doing very well in that time.
This is true. In hindsight I should have loaded the wagon the first round I invested. I mean, the return would still be peanuts, but at least it wouldnât be a loss!
I find it incredible that itâs reduced 30% in value since June 2023. All that work since then to get profitable + the market rebounding in a HUGE way. And the end result is negative 30%
Theyâve definitely sold way too low. And no way the special share holders would have backed the deal if they were getting what weâre getting.
They obviously have a minimum return they would get. And so knew that it literally wouldnât make a difference if they got double the price. They would still be getting that minimum
