so no G shares will be issues?
One of the old āConfirmation statements / Annual returnsā statement showed how many had been attributed to senior management but the hurdle hasnāt been met and we have not heard of the hurdle being lowered (which they can with board agreement, again this is in the AoA).
Therefore, I think the G-Shares will expire. I suspect the senior management team that stays on will be incentivised with shares, which is what the G-Shares intended to do, so my reservations were not with G-Shares in principle, just the level the hurdle was set at. I wanted the hurdle to be more ambitious.
I think some of the failure is a result of not being ambitious enough, itās like they did the hardest part, convincing the regulators and millions of people to then fall into a pattern of trodding along (no offence to the team, and I apologise in advance if you are offended).
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There are also plenty of people who completely understand this, and pretty much knew it was an avenue to screw over early investors as soon as it was announced. The rule allowing a 75% majority put whatever they like in the Articles if Association needs to change. Itās just not fair.
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Wow, show me a company that raised at 9 GBP per share six months ago and then sold for 1 GBP six months later. Common people call it a SCAM, while VCs might call it ādumb moneyā to āsmart moneyā.
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I think weāre talking single to teens percent wise knew and understood these things.
Out of interest. How many do you think knew of this out of the estimated 20,000 investors?
The AoAās seem pretty standard to me, especially crowdfunding. Although, I did see Prosper Savings had a 1x liquidation preference attached to their last round, which was ranked equally with the proposed VC funding they hope to get. I thought that was somewhat novel for crowdfunding.
For clarity, Iām not happy with the way this has played out. Iāve been āinvestedā in one way or the other in Freetradeās vision for a decent chunk of my life. Sure, I donāt depend on them for a salary but itās always been present. I used to be super active here, Iāve always advocated for them because I believed in the core vision, the potential. To see this, and the relative silence from the senior team is a tough pill to swallow. To see discussions being suppressed like with the Freetrade in the news 
thread is also tough. To see this get PRād as a success story is alsoā¦
In other news, I had to wait to replyā¦
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The big winner is Adam. He is making around Ā£10m from the exit.
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Itād be swell if FT mods could stop censoring posts. Itās just compounding the sense of betrayal of trust having been sold out and royally let down. Integrity matters, even vestiges. Donāt try to stop your backers from venting, particularly after the losses many are now facing given the impending sale.
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How do we withdraw our ISA? Shocking share price
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Assuming you want to transfer, you fill in an ISA transfer form at your new provider.
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thank you
Wonder how long it will take to transfer out
Government guidance suggests:
15 working days for transfers between cash ISAās
30 calender days for other types of transfers
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Not wanting to be hasty, Iāve been umming and ahhing about switching my Sipp.
Itās one thing removing posts that breach terms, slowing replies etc but the deletion of the entire āFT in the newsā thread sealed it for me.
The best thing about Freetrade is this community ā or at least it was.
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Sorry that thread is still there/restored. I must have clicked something by accident. It looked like the original post in 2019 was deleted which was weird. Honest mistake. I didnāt notice until @saf mentioned earlier!
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@Lee.williams1995 6 weeks apparently, no idea why
True seems quite a stretch trading 212 says 2
@Lee.williams1995 I asked the FT AI and it saidā¦
āPlease note that GIA and ISA transfers out currently take 6-8 weeks with SIPP transfers taking 8-10 weeks.ā
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Its way off Gov guidance suggestions and shouldnāt take that long, brokers need to be held to account and if fines were issued iām pretty sure it would be done within timescales. Surely most transfers are electronic these days.
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Wow FTai, where did that brain wave go?
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Everyone talking about leaving should probably not jump the gun until after the sale completes.
I have no idea what the terms of the sale agreement are - but they could be breached if Assets under Administration fall below a certain amount - for example.
You may end up scuppering the deal and the company failing and getting 0 back.
Ā£1.19 a share is much better than 0.
Be rational.
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