Thereās always reddit - https://www.reddit.com/r/FreetradeApp/
Well that is a shame. Bizarre to take this deal now at such a poor valuation when all the metrics seem to be rapidly moving in the right direction and there was enough cash in the bank to keep on moving forwards.
Assume that the VCās who put in money in 2022 have decided to force a sale and take money off the table.
As others have said, leaves a very sour taste and Iām minded to move to another platform also.
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Well, I bought shares. I got ripped off.
I still lost several hundred quid with FT.
I kept my main ISA and funds etc in HL. Glad I did not change it to FT.
FT: You ought to be ashamed, but I doubt you do.
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Agree with the sentiment here.
Does anyone know if weāll be able to claim loss relief on EIS shares? Iām trying to be pragmaticā¦
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Have to say @Viktor, I know you wonāt bother to read this but this is a disappointing outcome for those investors who have supported you every single year. More fool us.
Some of us are lucky to be in profit, but selling out to IG at 160mln is a huge let down.
Letās see how crowdcube screw us over now.
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I think eis raises were at sub Ā£1 val?
There may have been eis on the 2.51 raise? Canāt recall
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This is a disgrace.
This has completely screwed Crowd funders and shown that they are treated as second class investors.
I cannot understand how their last valuations were telling us they were at Ā£650 million valuation and over Ā£9 a share, to sell for this low.
Everyone always talks about a āgolden situationā as a crowd funding investor - having your company bought out. This sends a message more broadly that you should avoid crowd funding if even during a golden situation you will be screwed.
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When is the date that FT brought in yearly subscriptions? Up for auto renewal soon? Be a shame if we cancelled and moved elsewhere before the sale of FT, therefore sending a clear message to IG that FT may not be worth dealing with?
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75% of startups that raise more than $1m donāt return cash to investors. More than 90% of all startups donāt.
That investors are getting anything is pretty relatively impressive - and while the valuation is much lower than the valuations Freetrade attracted when the market was purely valuing growth and the top line (before interest rates rose and the market flipped to valuing profit first) with insanely high multiples, itās a good outcome on a profit multiple basis.
If you went into seed/early stage investing without your eyes open to those statistics, and the fact startup die and most crowd funding investments return Ā£0, thatās not the Freetradeās team fault.
They took a big risk, executed well in the context of the market at the time, and have managed to not die.
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On the Ā£2.51 raise in 2020 there was EIS, so that should be claimable.
I also took part in the 2021 raise at Ā£9.25 per share (no EIS). Got absolutely shafted there.
Learning some hard lessons from Crowdfunding!
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Iām not interested in platitudes about how you should know that investing is risky.
Freetrade are dead to me now.
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We are all royaly screwed, is there anything Crowdcube can do? They intervened in ārightangled.comā fiasco
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You can always leave honest reviews about business here on Trustpilot: Freetrade Reviews | Read Customer Service Reviews of freetrade.io
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Is it not too late for that?
Yes, but of the ones who are bought out - like this - who then returns cash to investors?
Its one thing to go bankrupt. Itās another to cash out 4x lower than your crowd funding rounds.
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Whilst you have a point on startup investing, āthe markets turnedā doesnāt hold since theyāve turned back, look at Robinhood, Coinbase etc
Also, joined 1 hour ago
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I have contacted crowdcude, requested them to intervene. Request all investors to contact crowdcube please.
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Have you checked your junk mail folder?
All the people thinking they made profit just benchmark it against S&P and not BTC.
Thankyou very muc FT for setting my expectations right on crowdfunding.
Sale was the reason for no responses on emails, huh. Now it makes sense.
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Absolutely nobody should be surprised by this. 
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