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Post by pepperpot on Mar 3, 2015 16:23:46 GMT
It was mentioned, possibly earlier in the thread or on the seedrs Q&A, that £25k was the min to be a direct investor. In the message I was responding too, Stuart seemed to suggest that their might be some (limited) flexibility on this.. Apologies, I didn't even read Stuart' comment that you were responding too... I'll go find an egg to suck on.  I'm happy with the ease of the nominee a/c so have gone that way.
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mikes1531
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Post by mikes1531 on Mar 3, 2015 16:32:52 GMT
I'm happy with the ease of the nominee a/c so have gone that way. I'd be happy with the nominee situation if it wasn't for the '7.5% of future profits' fee. That seems rather high, but I have nothing to compare it to. Is that fee typical for this sort of service?
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Post by Ton ⓉⓞⓃ on Mar 3, 2015 17:00:57 GMT
I'm assuming Stu is busy with the next tranche of investment as last time I looked there were a couple of pertinent questions that needed answering, as in I would like to know the answer to. I wonder if there might be a sudden guillotine of the offer if negotions quickly finish?
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bigfoot12
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Post by bigfoot12 on Mar 3, 2015 17:02:58 GMT
I'm happy with the ease of the nominee a/c so have gone that way. I'd be happy with the nominee situation if it wasn't for the '7.5% of future profits' fee. That seems rather high, but I have nothing to compare it to. Is that fee typical for this sort of service? I've seen higher and lower, this doesn't seem too high providing that you are getting something for it. You have to factor in that the chance of making a decent profit is not that high, maybe less than 20%? If when the next round of funding comes around (not the current convertible triggering round) they genuinely examine every detail and protect the shareholders' interests the 7.5% might be worthwhile. The problem with this sort of fee is you don't always get what you think you are paying for.
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Mar 17, 2015 14:23:11 GMT
Maybe a basic proof reader could be added to the marketing team when the money comes in? Yes, I know, sarcasm isn't becoming, but the first and third paras of the Update email I've just received contain very easily spottable gibberish if only a single person had bothered to read before pressing send. Less haste, more speed, and more professional impression.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Mar 17, 2015 15:03:19 GMT
Maybe a basic proof reader could be added to the marketing team when the money comes in? Yes, I know, sarcasm isn't becoming, but the first and third paras of the Update email I've just received contain very easily spottable gibberish if only a single person had bothered to read before pressing send. Less haste, more speed, and more professional impression. Rose, I think you've been rather kind.............or did you just stop reading at the end of the third?
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Post by andrewholgate on Mar 17, 2015 15:26:06 GMT
Believe me, words have been said and also shouted. I am not very happy.
A
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Mar 17, 2015 15:51:36 GMT
Maybe a basic proof reader could be added to the marketing team when the money comes in? Yes, I know, sarcasm isn't becoming, but the first and third paras of the Update email I've just received contain very easily spottable gibberish if only a single person had bothered to read before pressing send. Less haste, more speed, and more professional impression. Rose, I think you've been rather kind.............or did you just stop reading at the end of the third? Yes - I did stop reading there and sent it to the bin  - I couldn't be bothered with the rest of it. I doubt it was telling me anything I needed to know as my investment is made.
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Post by Ton ⓉⓞⓃ on Mar 23, 2015 15:55:08 GMT
£2,835,740 raised so far, £3m was the second target set by Stuart and is clearly getting quite close.
I'm just wondering will I be kicking myself for not being bold and investing more...
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kermie
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Post by kermie on Mar 23, 2015 19:54:11 GMT
£2,835,740 raised so far, £3m was the second target set by Stuart and is clearly getting quite close. I'm just wondering will I be kicking myself for not being bold and investing more... Kicking yourself for not being more bold would be an excellent result, so long as you actually invested something non-trivial!! :-) The EIS arrangement does limit the download to at most 42p in the £ of the original investment (for some). And if AC merely doubles over 5 years (and there is an exit route) then that's still a tax-free 6%-ish return per year. That said, only invest what you can afford to lose. It could all go south as the result of some unforeseen circumstances.
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mikes1531
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Post by mikes1531 on Mar 24, 2015 4:41:05 GMT
And if AC merely doubles over 5 years (and there is an exit route) then that's still a tax-free 6%-ish return per year. : How did you calculate that a doubling of AC over five years would produce a 6% p.a. return? I would have said the return would have to be more like 14% p.a. to double in five years.
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Post by solicitorious on Mar 24, 2015 14:49:38 GMT
Basic doubling would be 2^0.2 = 14.9% compounded tax free, or 18.6% equivalent for a basic rate tax payer.
With full tax relief would be (2/0.7)^0.2 = 23.4% compounded tax free, or 29.2% equivalent for a basic rate tax payer.
With the discount would be (2/0.9/0.7)^0.2 = 26.0% compounded tax free, or 32.5% equivalent for a basic rate tax payer.
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acorn
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Post by acorn on Mar 24, 2015 15:31:38 GMT
There is a new update on the Seedrs campaign regarding another large scale institutional investor, apparently details to be announced shortly. I would reeeally like the flow of loans/investment opportunities to y'know...flow!
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kermie
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Post by kermie on Mar 24, 2015 18:44:46 GMT
And if AC merely doubles over 5 years (and there is an exit route) then that's still a tax-free 6%-ish return per year. : How did you calculate that a doubling of AC over five years would produce a 6% p.a. return? I would have said the return would have to be more like 14% p.a. to double in five years. You know when you re-read your own posts a few hours later and you just wonder what you've been smokin'? That be me. I think I meant (more accurately too): "if AC simply returns the original investment (£100 say), without any real gain, then that's still a tax-free return of about 7.4% per year over 5 years". Example: £100 investment. £70 nett after EIS. 5 year growth of zero. Profit = £30. Which is over 7% compounded....i.e. £70 x (1.074 ^ 5) = £100.
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acorn
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Post by acorn on Mar 27, 2015 21:43:34 GMT
£2,895,960....wonder if it'll get there before Easter?
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- I couldn't be bothered with the rest of it. I doubt it was telling me anything I needed to know as my investment is made.
