Inevitably, some investors are changing their mind during the cool-off period (that’s what the cool-off period is for after all!). We are working with Crowdcube to swap in investments as fast as we can.
The absolute deadline to pledge your investment is 9am on Tuesday (29th May).
Based on our previous rounds, we expect about 10% of investors to either reduce or withdraw their pledge during the cool-off period, so we hope we can fit in everyone who missed out or wants to invest more.
Crowdcube is working through the current backlog (that’s why the pitch page is offline). The investments will be swapped in on a first come, first served basis, so please pledge your additional investment when the pitch page is back up at 5pm tomorrow.
Investments will be collected after Wednesday, 30th May.
Hi @Freetrade_Team, do you have info on Crowdcube contacting the pledgers that have express interest quite early in the process? I have all payments ready to go go go… for some A-shares, but I have yet to hear anything and according to @HannahCrowdcube I should have gotten a message by now. Anyone else not received a message yet?
Hey @ss2302 Crowdcube is keeping the page open for a bit longer to allow others to express interest. After this period, Crowdcube closes the page so they can start processing new pledges (after this, the page won’t reopen again to express interest). Updates will come later today on the exact timings.
If your extra pledge is successful, you’ll receive confirmation during the processing period. Crowdcube will manage this process, so you should hear from them.
@HannahCrowdcube@Viktor - As a cautious step I tried “express interest” link with a small amount. But not sure how this has had an impact big or small. I would like to contribute more. I tried the same link on CrowdCube, but it does not allow me to express further interest with another desired amount. How must I proceed? Thanking you in advance
@Freetrade_Team Thank you for this information. Got a little question here Is there any way we can identify and keep track of how much we have expressed, in total? Crowdcube appears not to reveal this information on the pitch page nor in individual profile unless it is an established investment.
(my other option of keeping track was the good old paper and pen )
Just didn’t want any surprise payment instructions from Crowdcube.
Hey this should be something @HannahCrowdcube can answer, but my assumption is that you’ll have this detail in the email from Crowdcube after Friday 1pm asking if want you to follow through on your expressed interest.
Hi, @Freetrade_Team and @HannahCrowdcube - first post here and good to be on board! A quick question regarding Adam’s announcement on Crowdcube this morning (re: a chance to express interest to invest).
I already invested in this round, and shortly after the cap was reached I “expressed interest” to invest additional funds. Does the email this AM from Adam suggest that those investors who have already expressed interest in the past week will receive their allocation as part of this top up? Many thanks!
There are also always issues with individual cards not being accepted by Stripe (the payment processor) or payment details being entered incorrectly. Crowdcube will do their best to sort out these cases, but again, we’ll only hold up the process for a few days to sort issues and inevitably some investors will lose their chance, unfortunately.
I get the incorrect payment details not working but how can you reduce the chances of Stripe refusing to process the payment?
Do we now know what day(s) CrowdCube will take the payment?
There was a mention of ‘payment cycle’, do we know what these are? Or how far apart they are?
In other developments the pitch page just redirects.