WeSwap crowd-funding share ownership?

[rockerwriter]

Re: Investment

My sense of it is, you invest and receive shares. But they will not have any value - greater or smaller than the amount you invested - until WESWAP sells to a listed company or floats on a stock exchange. i.e. you will not be able to trade your shares until one of the above happens.
They could fold of course. In which case your investment is history. I could be wrong about all of this...
Good luck if you go for it. I will. I think it's an excellent platform.

[d000hg]

I think if you recommend someone you each get £5 as well, useful if you have a spouse.

[DSF70]

Depends how quickly you want it - immediate swap has a 1.4% charge, 3 days 1.3% 7 days 0% - so £500 today gets $609.85 in 7 days at the moment. But that's what Revolut gives you immediately.

Just got one of their cards to put a few £s worth of $s on in prep for holiday in California....and to offset the risk of plunging pound against hotel bill.

If you go to their website via link on MSE, you get a £10 bonus.

[d000hg]

They are using Seedr, basically it allows smaller businesses to run an IPO and offer shares to the public without the overheads of having to deal with all the legal and regulatory compliance involved. Seedr does all the heavy lifting for you, for a set fee based on the funds you want to raise. Investors use the Seedr site to find business they want to invest in without going through a conventional broker or the stock markets. You still end up as a shareholder once the investment round closes, just as you would with any other investment.

Free Agent was funded this way.

https://www.seedrs.com/raise

Very interesting. I'll take a look and maybe it answers this clearly but: Can you then trade these shares and put them in ISAs and so on?

[greenlake]

The first word I read there was wife-swap.

I'm sure that was the intent....

[DaveB]

IIRC if you recommend friends you get lifetime bonuses on the cheaper rates faster or something. But it seems a good service.

However can we focus on what a crowd-sourced share-issue means?

They are using Seedr, basically it allows smaller businesses to run an IPO and offer shares to the public without the overheads of having to deal with all the legal and regulatory compliance involved. Seedr does all the heavy lifting for you, for a set fee based on the funds you want to raise. Investors use the Seedr site to find business they want to invest in without going through a conventional broker or the stock markets. You still end up as a shareholder once the investment round closes, just as you would with any other investment.

Free Agent was funded this way.

https://www.seedrs.com/raise

[northernladuk]

Rates not the best but better than most atm. £500 gets you $603.54

John Lewis will get you £605.7

I bet you don't

[d000hg]

IIRC if you recommend friends you get lifetime bonuses on the cheaper rates faster or something. But it seems a good service.

However can we focus on what a crowd-sourced share-issue means?

[missinggreenfields]

Looks like a pretty good idea to be fair.

Cut out the commercial exchange providers, give both sides of the deal a better rate while still being able to make money on it.

Looks well funded and resourced.

Rates not the best but better than most atm. £500 gets you $603.54

John Lewis will get you £605.7

Depends how quickly you want it - immediate swap has a 1.4% charge, 3 days 1.3% 7 days 0% - so £500 today gets $609.85 in 7 days at the moment. But that's what Revolut gives you immediately.

[DaveB]

Looks like a pretty good idea to be fair.

Cut out the commercial exchange providers, give both sides of the deal a better rate while still being able to make money on it.

Looks well funded and resourced.

Rates not the best but better than most atm. £500 gets you $603.54

John Lewis will get you £605.7

[d000hg]

I wouldn't even click the link ... Of course its dodgy.

They're a real, reputable company. The question is how a "crowd sourced" share issue works, or what it is, not if WeSwap is a good investment. I never heard of this being done and I want to know what exactly you'd be buying - some shares but not through an exchange? How would you sell them, or would you not sell them but get profit sharing like some form of CoOp?

[missinggreenfields]

I wouldn't even click the link ... Of course its dodgy.

So without knowing anything about it, you know that it's dodgy. Care to give any more details on why it's not worth considering investing in the business?

[missinggreenfields]

I got the email, looks interesting. Will see what the details say when they come out on October 21st.

I already have a seedrs account so I may as well look at the details and see whether it's worth a punt.

[scooterscot]

The first word I read there was wife-swap.

[d000hg]

Anyone else got an email about this? Presumably this is not an IPO and they aren't on the stock exchange - has anyone looked into it yet?

https://www.weswap.com/en/invest/