For anyone interested in selling I will happily pay above the £3.77 offered for your shares. Looking for up to 10,000 shares. DM me if interested.
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Boom. Now we’re talking ! 
I like this stock…
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Since the preemption rights for early crowd investors turned out to be useless and waived. And since A shareholders have not had a chance to invest in any primary offering (series A and series B)
Looking to buy at >4£ per share if anybody is willing
Hope FT facilitates the secondary transaction as @adam has said. And, hopefully, this is taken as a big compliment to FT and not as criticism.
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What are your thoughts on allowing FT shares to be traded on the Seedrs secondary market?
Seedrs have a partnership with Capdesk so it should be easy to set up seeing as you already use Capdesk to manage your cap table.
There is clearly significant demand for it amongst both existing FT investors and those wanting to invest.
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Yup I’ll happily buy up to 2,000 shares from £4.
Not got the deep pockets others have here, but please don’t sell for 3.77
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Just FYI for you here, if you buy in any secondary way, then you will not be able to avail of any EIS relief that will be available on the crowdfund raise.
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Yep it’s a good point. But there’s 2 million eis left and sp will probably be 6 quid plus…
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That’s what I thought too (£2m) but Adam then said something about €8m in each of the UK and Europe. What’s that about? I think this is where the £15m crowdfund number comes from.
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Because we are out of Europe he can basically double up
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Using Brewdog secondary market as an example in an attempt to find what is a fair price for FT: I recently added another big chunk to my holding and I paid approx 30% discount versus their latest official equity for punks round of £27.50/share. That % discount is reducing day by day. I would put today’s FT share price at approx £6.50-7.00 so perhaps £4.50-5.00 is the magic number for FT shares via the secondary market. Might not help, but just wanted to share an example…
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BrewDog is a completely different beast. The share price in their rounds is artificially high because of the beer benefits. So you’d expect any trade to be at least 10-20% lower. Freetrade, however, is going through astonishing growth, and has the potential to keep doing that for a while. BrewDog will still grow, but not at massive rates. I bought in during the 2013 round and have done very well on paper, but see it more as a cash cow now.
Anyway, both good and growing companies but you can’t really compare the growth at the moment. I’d probably sell BrewDog at the list price, but no way am I selling my R1 Freetrade shares, even though they are 95x with SEIS.
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I’d also be interested in buying a few hundred shares > £4 if anyone is interested in selling
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Great idea Richard.
I was expecting that with the merger, but might need more of a push.
Would be good to see how the market values the company too.
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Actually, it was the secondary market through the merger I was most looking forward too. Great idea Richard through capdesk. I’d also look to buy shares at £4 if anyone was selling.
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Great idea, I would be interested too for £4. It would be fair for us non-VC investors and hopefully the Capdesk partnership would automate the process considerably for FT, hence I don’t see why not.
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I don’t actually believe Freetrade will be eligible to offer any more EIS equity. See here . Freetrade now have over £15m in assets.
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One can easily understand why some of us would also want such opportunities but are not allowed them.
Why would not you and did not want A shareholders to participate in the following buying opportunities:
- VC B round as followers, not lead of course, thus takers of whatever deal would be agreed by lead investor
- upcoming secondary round (+ same question for B shareholders buyers too)
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I am also a buyer at £4, any shareholder wanting to sell at £4 => please contact me via direct message on here:
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There is 2 million left of EIS
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