Shares to go on open sale next week

by Mark Alexander

9:59 AM, 22nd April 2016
About 5 years ago

Shares to go on open sale next week

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Shares to go on open sale next week

Letting Supermarket

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 – chrissheldon@lettingsupermarket.com

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

Comments

Connie Cheuk

0:10 AM, 28th April 2016
About 5 years ago

Reply to the comment left by "Chris Sheldon" at "25/04/2016 - 14:53":

Thank you, Chris. I was concerned that the portal had disappeared after only being operational for a short time. We were given projected expected returns from our investment. Are we still on track? I can't imagine that we are if the portal is hibernating. What has happened to the funds in the meantime? I have not received updates and would like to know what the plans for the planned portal are - have they been revised? Will the investors make their expected returns?

Chris Sheldon

8:43 AM, 28th April 2016
About 5 years ago

Hi Connie,

Im afraid i cant answer anything regarding the property118 portal as i have no part in that. I can however answer any questions you have regarding Lettingsupermarket.com's share sale.

Kind Regards

Chris

Mark Alexander

8:56 AM, 28th April 2016
About 5 years ago

Reply to the comment left by "Connie Cheuk" at "28/04/2016 - 00:10":

Hi Connie

I have left a message on your answerphone this morning to explain the position and I've also sent an email to Seedrs which I've cc'd you into.

Did you receive the SEIS certificate to get your 59% tax relief in your investment?

50% of funds raised are still sitting in the company bank account. Clause 24 and the SDLT changes were the reason for putting the portal into hybernation.

All matters have been documented in regular investor updates which I hope you will now receive via Seedrs.
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