Investing via convertible bonds gives you the right to convert the invested amount into share certificates of this company in the future

Billboard_seamore_-_crowdfund_the_tufute_of_food_-_symbid_3 Play
Seamore team 7
Seamore Amsterdam, NL

Seamore, the Future of Food

BECOME A SHAREHOLDER VIA A CONVERTIBLE BOND. Help Seamore realize 1 bilion seaweed servings worldwide and turn seaweed into an everyday food.

$310,387 INVESTED
$232,884 0
Minimum target amount Days left
€500.000 6.00% 3 jaar
Maximum target amount Interest rate Duration
Seamore, the Future of Food



Love the idea of Seamore but... have a bit of trouble making sense of some of your documents with (conflicting) numbers and missing some key numbers too.

How come the investor deck has a profit before taxes for budget 2018 of about EUR 1 mln negative and the document called 'profit and loss 2015-2020' has a profit before taxes of EUR 670k negative as 'budget 2018' with different numbers for people, marketing, sales et cetera leading to a loss that is EUR 0,3 million different.

Who produced these (different) numbers and is presenting them to investors to be left in total confusion. Consistency in numbers is a prerequisite for serious relationships between businesses seeking funding and investors. Now what is right. What is the 'real' budget 2018? The budget numbers for 2019 also are different as is the (closed books?) 2017 number that should be actual by now (February 2018).

Would it be possible to bring consistency in the documents and presenting one clear picture on what the budgets for 2018 through 2020 are? Why does the investor deck stop with budget 2019 whereas the profit and loss document has budget numbers through to and including 2020?

Question: what is the development of the shareholders' equity over the years? How have the losses been financed up to now? Is the amount of equity per 31/12/2017 a positive or a negative number? What does the balance sheet look like? Is there a lot of inventory, debtors? What is the risk in the inventory? Any debtors behind in payments? By how much and for how long?

  • Symbidder -
  • Posted 10 months ago

Hi there, thank you so much for your comments and questions. All models, forecasts have been made by the same people. However, the pitchdeck for investors was an older version which had older data on two slides that are no longer current. The numbers you have seen in the rest of the page are the right ones. We have updated the pitchdeck for investors so that there is no inconsistency anymore. Sorry for the confusion. Your questions are should all be answered through the information in the Finance chapter of this proposition page. If not, please get back to us. The risk in the investory is very limited: dried seaweed has a very long shelflife (up to 10 years).

  • Seamore
  • Posted 10 months ago