This is hilarious, canāt wait to read his input on the sale, truly distinctive writing style that shines through regardless of the alias.
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The irony that Freetrade portrays to be democratising investing and a community-led company, then they turn around and utterly screw us all! This stinks worse than when Robinhood paused trading on $GMEā¦Like many others have said, I will be switching my entire portfolio to another platform, most likely HL.
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Slap in the face of crowdfunding investors. Canāt see a real reason for a sale with such low valuation.
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Long time without posting here but just want to say commiserations to fellow crowd funders. Absolute bummer and a reminder that crowdfunding really is a lottery.
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Thanks for posting this. Im thankful to the business of introducing me to investing but what theyve done here is really disappointing. As always there are lessons to be learned and āthis time its differentā will always remain a complete lie in Finance & Investing.
I hope Brian manages to get through this too
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Wow. Totally wasnāt expecting to find the email in my inbox this morning.
Such a low ball valuation things donāt seem to add up. But I guess that valuation changed when they focused on the UK. The growth story just isnāt there
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Disappointing to say the least. Be interesting to understand the base of customers who are investors vs non investors.
As I expect a large percentage will move to other platforms.
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Yes definitely. I forsee proper reviews now that reflect reality than Investor biased ones on Trust pilot etc
Imagine this winning British banking awards.
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Yep, which is why I donāt get the sentiment of ātaking legal actionā especially as crowdfunding investors, when crowdfunding is far riskier than buying shares on the market and is made very clear when first buying.
Not to mention the fact that thereās never a guarantee that youāll ever be able to sell or profit from crowfunded shares, so in a way weāre āluckyā that we can finally get out instead of being stuck with shares indefinitely (meaning theyāre essentially worthless), but this still sucks massive balls and I realised quite a while back I should have got out while I could.
Was even more of a massive kick in the balls when someone had reminded us that a VC was looking to buy our shares at around Ā£3.44 p/s around 3 years ago too, so congrats to those who took that opportunity.
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Race you all to 212, disgusting valuation.
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This does seem a low valuation - does any know how that breaks down into a price per share?
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Agreed this is how the cookie crumbles. Counting myself lucky I get the majority of my investment back.
Iāve not kept tabs on the news around FT recently so have to say I was initially excited when I started reading the email 
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I canāt see there being a huge percentage of investors compared to the overall customer base, so I canāt imagine this news affecting the majority of Freetrade customers. Iām sure thereāll also still be some investors who will stick around regardless e.g. those who still managed to profit off this.
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Me and you both. My excitement of being an investor had waned a while back but had occasionally read/posted in this thread, so was slightly more aware of how badly things had been looking. I had also become unhappy as a Freetrade customer a few years so ago so already moved all my holdings over elsewhere. Once this sale goes through Iāll likely be closing my account with Freetrade altogether, not that theyāll likely care as Iāve only got something like 2p left in my account as it is.
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Remember to include your initial EIS relief when working out your profit and loss guys, it should reduce the sting slightly.
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Any legal pursuit, I am in please
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Disappointing!
Does anyone know what IG will be like as a new owner? Are they likely to make many changes/updates?
For anyone who invested early and got benefits such as FT Plus for life, do we expect this to still stand?
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This is why Iāve given up on crowdfunding. Even the winners arenāt big enough to justify the risk. You need the winners to be multi baggers to make up for the inevitable losers, and this just doesnāt happen except in extremely rare cases.
I will come out ahead, but Iāve made similar profits from Listed companies like Nvidia with far less risk involved. Crowdfunding is not worth it
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Canāt say Iām surprised at the low valuation.
I regretted my 2018 investment from the 1st few months as the founders chose to impose their views of what stocks to put on the platform over maximising growth along with many other strange decisions.
Those poor decision early on have caught up with them as they never grew fast enough early on.
Now with Robinhood in the UK the writing is on the wall that freetrade is in decline and selling out is the right way to go.
Thanks Adam Dodds for ruining what could have been for Freetrade.
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For avoidance of any doubt
"* A Ordinary shares and B Investment shares will receive approximately Ā£1.19 per share.
- Series B1 shares will receive Ā£2.08 per share.
- Series B3 shares will receive Ā£2.60 per share."
Crowdfunders royally screwed as second class investors. An absolute disgrace for those that invested from 2020 onwards.
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