Surely if you invested in the Seedrs or Crowdcube rounds, it’d be a multi-bagger no?
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No, I invested in 2017, shareprice was £0.1402 per share
sale price is £0.23345 with possibility of another small payment in 2 years if there are no uninsured warranty claims
It’s only just three years this month, so I guess it’ll be within EIS timescale by the skin of it’s teeth
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Yes but good luck identifying the big winners. I’m doing well on Apple but that could go belly up (though not complete loss) at any minute and I accept that. You can’t expect that growth across the board. My mantra with crowdfunding is many will fail, most will toddle on and do nothing, and a few will excel. If you get one of the excellers, it will outweigh everything else. If you don’t, you’ll not get anything back.
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To be fair, if Freetrade went public at the share price from the last raise it would pretty much cover all my crowdfunding costs so far, and so far I haven’t had any failures. I just think the Pod Point price is meh…
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I’ve had plenty of failures but lots of progressions and a few diamonds so overall I’m happy, but if I only had a few investments, I’d probably be disappointed.
Has there been a conclusive source that Pod Point sale date is after the EIS three-year limit? Word so far seems to be you’ll all be paying back your EIS relief on it, because they’re selling before the three year relief period is up. If that’s true it’s a gigantic kick in the teeth, and a huge middle finger to crowdfunders.
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I don’t know, according to crowdcube investment date is 21/02/2017. That’s 3 years at the end of next week.
As It’s still at the voting stage I would hope it takes long enough to go through that the sale isn’t finalised till after then. If we do have to pay back the EIS that’s taking the piss! especially when it’s so close
I’ve heard from Crowdcube that the completion date is 13th Feb. This compares to shares being issued in April 17 so I think we are at least 2 months short of being able to get EIS benefits. Big shame for Crowdcube investors that the timing is working out like this.
If Biyka is right and the shares were issued in April 2017 then you’re all going to be paying back your EIS relief - the three year period is from the date the shares were issued: See HMRC’s guidance on this.
That is annoying, I had high hopes for Pod Point as it seemed they were putting chargers everywhere. As it is the return isn’t all that much better than an S&P 500 etf over the same period.
Crowdfunding isn’t really worth the risk for that level of return
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Agree - EIS would have made all the difference here - making it into a much more satisfactory return. Very disappointing that it will need to be paid back. Also - frustrating response from Crowdcube they didn’t really acknowledge this issue or even mention it in their email.
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I am guessing Freetrade is a x15 bagger already ? Wonder how much longer before an exit plan ?
I’m in no rush, I hope they hold on until European expansion is done. Ideal exit IMO would be an IPO where we get the chance to carry on holding
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Missed this when it was first posted, but this is wrong and not appropriate for this topic. Monzo have not made an exit yet and nor do they have any plans to.
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Two year warranty hold back, guess Apple are short of cash to pay it all up front … hold back 20% I think it is but have no details of what the warranties are as Seedrs did not disclose anything to the investors on this sale at all so I am probably due about another 4k in Feb 21
Here’s a weird one, I invested in Movie Collective (I never really had high hopes of making much money I just liked their idea of making a small number of films)
Anyway, although they have failed to make a single film they are refunding Crowdcube investors in full.
Technically I guess it’s more of a failure but I’m putting it in here because I will get my money back, and respect to them for taking the hit themselves when they could have just kept the money and run.
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Fair play to them, I also went into Curiosity on Seedrs for pretty much same reason, thats been an interesting one, but they may come out of it OK. They could make a movie about the whole company with that one
Got my payout from POD Point today. About 70% return without EIS. Despite my earlier grumbles, it is nice to get a lump of cash with all that’s going on 
Crowdcube are supposed to be negotiating with HMRC on the EIS for this. not holding my breath…
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