2 posts were merged into an existing topic: Removed Posts December 2020
The “banner” only appears to be showing on this thread right now, so probably the latter
A post was merged into an existing topic: Removed Posts December 2020
Discord does this, goes into slow mode to chill everyone out
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This topic is temporarily closed for at least 4 hours due to a large number of community flags.
This topic was automatically opened after 4 hours.
Apologies for taking that off topic, and noting that the wait is up to an hour now
Perhaps someone from CC (@Coral-Crew) can move all the posts from and including mine at 17:31 out to a new topic specifically about the rate limiting of posts? Thanks
It is great that the Monzo brand and business plan is sufficiently strong to be able to attract this level of investment to enable them to continue the journey.
However, the economics of a Rights Issue, which is fundamentally what this is, are very straight forward. While the initial transaction is a net zero process, not being allowed to participate means your loyal EARLY crowd-funding investors will lose out on the profits. Remember them? You know, the people who allowed you to get started in the first place.
The shares have been diluted and no doubt the new shares were placed at a discount. This is literally giving away the money of the existing investors.
I’m now convinced that Monzo is embarrassed and completely inconvenienced by those early investors.
I totally approve of the fact that Monzo are ensuring they stay liquid in difficult times. I totally disapprove of the way that Monzo treats it’s early supporters.
All future fund raising should be offered to ALL existing shareholders.
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It’s none of the above. They’ve said it’s too costly to offer another public crowdfunding round because the costs far outweigh the benefits. I think they said it cost something like £1million+
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On top of which, the other way to look at it is consider whether it’s better to have:
- A big piece of a small pie.
- A smaller piece of a big pie.
Given that Monzo have been through many rounds of funding, both crowdfunding and institutional, this is something that investors from the past several years should’ve taken into account before investing anyway. I know I did.
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@erowley will there be an opportunity fo mr folks to invest in Monzo for the first time?
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