Shares to go on open sale next week
Next week the share offer in LettingSupermarket.com will go live to the general public via the Seedrs crowdfunding website.
The crowdfunded share offer was restricted to Property118 members for an initial two week period, but this will soon come to an end. Well over a hundred Property118 members completed the “Expression of Interest” form and I know that Chris Sheldon (Managing Director) has been busy talking to interested parties and sending out business plans. Initial indications are that there may not even be enough shares to satisfy demand from Property118 members.
However, it is likely that all available shares will be snapped up rapidly once the offer goes public so I strongly recommend that you act quickly and make your investment this weekend to avoid disappointment. Similar letting agencies are already worth 10 times the share offer value of LettingSupermarket.com based on recent share sales!
If you have any questions about the share offer please email all Chris Sheldon – [email protected]
To link through to the Seedrs platform, where you can purchase shares, please complete the form below.
As you may be aware, I now live in Malta. For the last two years Letting Supermarket have been managing my entire property portfolio. It was their efficiency that gave me the confidence to make the move. Along with my fellow owners in Property118 we also acquired 26% of the shares in LettingSupermarket.com for ourselves. We are not quite as rich as Victor Kiam, who was so impressed with his Remington shaver he famously “bought the company”, but the principles are the same.
All the best
Mark Alexander – founder of Property118.com
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13 comments on this article
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Member Since April 2014 - Comments: 984 - Articles: 2
9:36 AM, 23rd April 2016, About 10 years ago
I am interested in investing but the EOI process seems rather convoluted to me. I gave up on the Seeders membership page.
Member Since April 2014 - Comments: 984 - Articles: 2
7:32 PM, 23rd April 2016, About 10 years ago
Reply to the comment left by “Rob Crawford” at “23/04/2016 – 09:36“:
Thanks Chris for info provided. All sorted.
Member Since October 2014 - Comments: 282
6:28 PM, 24th April 2016, About 10 years ago
Hello, what happened to the property118 portal and the funds raised for that? Is the portal up and running now? I’m confused. This seems to be similar.
Member Since January 2011 - Comments: 12255 - Articles: 1477
6:50 PM, 24th April 2016, About 10 years ago
Hi Connie
They are very different.
The portal is currently in hibernation, all investors have been informed via Seedrs updates which remain confidential.
.
Member Since October 2014 - Comments: 282
7:02 PM, 24th April 2016, About 10 years ago
Reply to the comment left by “Mark Alexander” at “24/04/2016 – 18:50“:
I haven’t received that, Mark. Is it not up and running then? What will happen to our investment while it is hibernating? I’m quite concerned..
Member Since January 2011 - Comments: 12255 - Articles: 1477
7:26 PM, 24th April 2016, About 10 years ago
Reply to the comment left by “Connie Cheuk” at “24/04/2016 – 19:02“:
Don’t be concerned, there is absolutely no need to be.
Please log into your Seedrs account and you will be able to read all the updates.
.
Member Since October 2014 - Comments: 282
7:34 PM, 24th April 2016, About 10 years ago
Thank you, Mark. Could you send a link to the updates? I can’t see them on the seedrs site.
Member Since October 2014 - Comments: 282
9:53 PM, 24th April 2016, About 10 years ago
I can’t find the updates at all, just the amounts that were raised. Are the funds still there to be used when the portal comes out of hibernation? Will we receive an update of spending so far?
Member Since January 2011 - Comments: 12255 - Articles: 1477
7:29 AM, 25th April 2016, About 10 years ago
Reply to the comment left by “Connie Cheuk” at “24/04/2016 – 21:53“:
Hi Connie
Yes to both questions.
I have no idea why you haven’t been receiving the regular investor updates or can’t see them when you log into Seedrs.
Please contact Seedrs directly to raise this issue.
.
Member Since June 2013 - Comments: 67
2:53 PM, 25th April 2016, About 10 years ago
Hi Connie,
If you do have any questions relating to our crowdfunding campaign then please do not hesitate to contact me.
Chris