Seedrs investment

Oh. Basically, the Happy Days investment has been liquidated and there are a lot of questions being asked that neither the Happy Days or Seedrs guys are able to answer due to what appears to be a lack of knowledge. Some of the issues highlight a scary lack of understanding on what happens after the investment has been attained.

Michael Edwards, 26 minutes ago Not even enough money left to prepare
final accounts to show how the money was spent. Suspicious. Add answer
Dave Edwards, 7 days ago Any update on the Final Accounts - it's six
weeks on now.

Thanks, Dave SEEDRS STAFFThomas Davies, 7 days ago We will be posting
an update shortly.

Thomas Davies Chief Investment Officer Add answer Mark Andrewes,
about 1 month ago Hi, I waw under the impression that the investors
held shares in Sunday Monday Ltd, which apparently is not correct from
the answer below, even though that has been described as the
investment vehicle. Please can someone post a link to the investment
agreement. I am trying to work out how to claim tax relief for the
loss. SEEDRS STAFFThomas Davies, about 1 month ago Hi Mark

This was not an EIS or SEIS eligible round and therefore you will not
be able to claim loss relief on this investment.

Thomas Davies Chief Investment Officer Mark Andrewes, about 1 month
ago That is not the question I asked. Ordinarily a loss on unquoted
shares qualifies for income tax relief, irrespective of EIS/SEIS
relief. If the investment is in the form of a trading relationship
rather than shares, then the loss could qualify for income tax relief
as a trading loss. Therefore I would like still to see the investment
agreement. SEEDRS STAFFThomas Davies, about 1 month ago Hi Mark

I am not a tax expert and any tax advice should come from a
professional tax advisor. I believe that "loss relief" will not be
able to be claimed as it was a contractual right to profits and not
shares in the company. There may however be an allowable loss for CGT
purposes, but again this would need to be checked with a tax
professional as I know this area of tax can be a little complicated. I
attach the investment agreement that was used for this campaign for
your reference.

Thomas Davies Chief Investment Officer
Seedrs_Subscription_Agreement_SIGNED.pdf Mark Andrewes, about 1 month
ago Hi, thanks for posting the investment agreement. Is it possible to
talk directly to someone at Collins and Co about the production
accounts (or else can we have the conference call that someone else
requested further down the page)? Speaking as a full time tax
adviser, I still believe a trading loss could potentially be claimed
by investors - the agreement appears to be an unincorporated
contractual joint venture in which each investor receives either a
share of profits or, as is unfortunately the case, a share of losses
up to the amount of our subscription, and therefore individuals are
carrying on a trade in a non-active capacity - but the presentation in
the financial statements is likely to be informative. SEEDRS
STAFFThomas Davies, about 1 month ago Hi Mark

I believe that the accountants are still in the process of finalising
the accounts. I suggest that once these have been finalised, we will
liaise with Amy and the accountants to confirm what the position is.

Thomas Davies Chief Investment Officer Add answer Caerwyn Williams,
about 1 month ago Hi - echoing Gillian's point, i don't remember
receiving a confirmation that this was profit sharing venture - did
you send something to investors by email at all ? thanks SEEDRS
STAFFJeff Lynn, about 1 month ago Hi Caerwyn,

The structure of the investment was set out in the campaign text,
under Monetisation Strategy/Investor Returns.

Kind regards, Jeff Add answer Caerwyn Williams, about 1 month ago Do
we get a return of the capital, or at least some of it ?! TEAM
MEMBERAmy Anzel, about 1 month ago Hi Caerwyn,

As I mentioned in the Final Investor Update which was posted to this
site, the show did not make back any of its investment. Thus, there
unfortunately will not be a return of capital.

Best, Amy Add answer Gillian Steedman, about 1 month ago Thanks for
the updates. Disappointing news. However, I don't remember ever
receiving a share certificate. Can you send one, please, for my
records, even if the shares are now worthless? SEEDRS STAFFThomas
Davies, about 1 month ago Hi Gillian

There was no share certificate issued for this campaign as this was a
contractual profit sharing campaign rather than shares in a company.

Thomas Davies Chief Investment Officer Add answer Nick Laurie, about
1 month ago Well done Amy for putting so much into it. I too, though,
would reiterate Daniel and Franz's question regarding more accurate
figures and return of capital. Best wishes Nick Laurie TEAM
MEMBERAmy Anzel, about 1 month ago Hi Nick,

Thanks for your message. I have given weekly figures for all the
running weeks in each monthly newsletter, which are on this site. I
also summed up the financials of the tour in the Final Investor Update
which was posted to this site as well after the tour finished.

Final accounts are currently being done and will be circulated
shortly.

Sadly as I mentioned in the Final Investor Update, there will be no
return of capital as the show did not make back any of its investment.

Best, Amy Add answer Franz Opitz, about 1 month ago Hello Amy, Sorry
to hear that the production was not successful. Could you please
address the following questions. 1) When can we expect audited
accounts? 2) Do you have preliminary performance figures such as
number of shows run, percent tickets sold and what was break even. 3)
What are your debtors and creditors amount to and cash in the bank,
bearing in mind that trading insolvent is unlawful. 4) Seedr
mentioned in a message to investors that there will be no return on
investment, which is obvious. Are you planning any return of capital
to investors?

Thanks, Franz SEEDRS STAFFJeff Lynn, about 1 month ago Franz - just to
note that some of your questions are answered in the most recent
update Amy provided under the Updates tab. Zachary Hickman, about 1
month ago Hi, I think we need to see something more substantial than
an informal report detailing approximate numbers. Thank you TEAM
MEMBERAmy Anzel, about 1 month ago Hi Zachary,

As I said below, final accounts are being prepared.

Best, Amy Add answer Tarquin Wethered, about 1 month ago Who are
Sunday Monday Limited? Daniel Plunkett, about 1 month ago I assume
they are the holding company for the production -
https://www.duedil.com/company/08350034/sunday-...

Amy - thanks for the updates over the last 6m, much appreciated. Will
a final set of audited accounts for the production be made available
for investors? SEEDRS STAFFThomas Davies, about 1 month ago Yes Sunday
Monday Limited was the investment vehicle.

Thomas Davies Chief Investment Officer