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I'm not too sure I'd agree with Ed that there's a scarcity of capital out there. For the right company in the right sector, there's a lot of investors chasing. There are marginal areas that few people expect growth (ahem, medical cannabis appears to be one of those at the moment) and there are likely to be plenty of companies in these sectors that are overvaluing themselves (I'd agree with that), so those that are genuinely undervalued, no one would really be interested in them anyway so they may well remain undervalued until they either fold or we as investors die of old age. So for example, in the field of DNA data storage, Evonetix had a very oversubscribed series B funding round (£44M chasing £20M Series B round), and that alongside a few other sectors, really IS the future, and would be an exciting area for SEED to consider. I thought Ed's March 18 presentation wasn't too bad. Interesting to hear that Mellon's increased his holding. Mellon and McDermott are obviously very close, so I hope that Mellon's able to provide further mentoring to McDermott. Mellon I think runs the Master Investor Show? Mellon and McDermott certainly share some of the same language ("That shows how much of a lousy investor I am, ha ha"). I think Mellon can get away with it but of course McDermott isn't there yet. And has Lloyd Leckerman exited completely or has he transferred to his wife? I can't remember. I wouldn't be surprised about the former. As others have said here, there is a risk discount likely applied with Ed at the helm so I personally hope he manages to demonstrate some value investing in the near future that can get us excited. I'm guessing the CFG exit is on the horizon too.
hi takayama
‘….may well remain undervalued until they either fold or we as investors die of old age.’
die of old age or boredom!
@ed end of another month, take your salary ya ****….the wealth transfer continues, honestly don’t know how you can look yourself in the mirror
Mentoring from Mellon?
I hope not.
Multiple wrong calls and failed business behind him. Nah no thanks
Longlad: Boredom!! Ha ha ha! Absolutely! That's why I come on this board, to read all the really entertaining posts!
Mat: Mellon isn't such a bad person to have around. He's rich. Combination of luck and timing. Perhaps some may rub off on Ed? And skill? Maybe, maybe not, but I'm not bothered about that. Better than no mentor at all. I'm not sure I'd have started here without the likes of Mellon in the background.
Mentorship aside, Mellon can likely provide access to some interesting VC meetings/events for Ed, for Ed to meet the right people, for Ed to hear the 'top gossip' about what's about to be hot, for Ed to be in the loop about what's about to happen. That's more important for someone in Ed's position, and Mellon's usefulness. You win some, you lose some in the end. No sense in despairing. We're not in a desperate position here. Ed's certainly become steadier in the last year. Less of a fast boy perhaps, more self aware. That's good. Personally I'm worried that he's perhaps become risk averse! There are some exciting start ups/early stage companies out there, particularly in some 'sectors' (lets leave the medicinal cannabis sector alone for a bit of time though I'd suggest), and it would be great for SEED to get a position in those other sector's star companies before those bubbles start. Because there will be more bubbles. We just need to get there first.
Ed, being kind, has been economical with the truth (leap 50 million market cap etc).
Assuming Mellon has taken Ed on as a charity case, isn’t it all a nepotistic basket case?! Why should Ed and co get paid excessive salaries for what? They bring nothing to the table. These are considerations any investor will look at, their success rate has been absolutely terrible. They should never have been in the position they are in. If aim ever gets a breath of life and this pos does rise, I predict it’ll be the last hurrah as shareholders who have been locked in here for years run with a manageable loss.
So which comes first : a breath of life into aim; Ed and alfresco blow the leap cash on another ‘friendly’ venture; Ed and go drain the reserves through salaries and shareholder events for 7 people.
Seed: ‘on the job training for CEOs’
Has Ed had a bang in his car or something he’s got a tooth missing on lower mandible.
He looks knackered
He’ll probably invest a few million pounds in the tooth fairy
mellons “mentoring has do e sweet fa so far.
the fund is reflective of mellons diabetic boot company.
**** poor
Tak. i think that may be right. he has become risk averse because of how poor it has all been. so now opportunity cost comes into it because of it being scary out there for him in the markets. this master invester show sounds like a load of crap.
Hot off the press. seed new investment. a whitening toothpaste company set up by our mates with lorne abony trying it out. ed say this sounds great. i have put 3 million of the seed money in to pay wages and so my mates can have some nice holidays. all shareholders are entitled to one tube of toothpaste as the 3 million will turn into nothing. ho ho.