RE:RE:RE:Heading under $1The intern Financials released mid March had a section listing Subsequent Events since Sept, which included their investments - or at least most of them (?). This laregly filled in the gaps about how much was invested in each company.
It did leave a couple gaps:
-they did not declare sale of the shares in Greenspace Brands. We can only infer they sold their position because Greenspace was dropped from the website. It happened right when Greenspace was up around $0.14, but we dont really know.
-The subsequent Events does not mention the amount invested in Above Foods. I'm led to believe that EATS still has a posiition in ABove Foods because 1) its still on the EATS website and b) the investment was mentioned in a recent news release (sry, can't recall exactly where that was).
As for VERY, CEO Morris mentioned in an interview back in Nov that VERY was their 'darling investment' going from .25 to 4.25. Since then, there is no indication that VERY was sold.
EATS is clear that they plan to rarely sell their positions. I dont take that as evidence, but it lends support to the statements above.
I defintiely agree that EATS should be providing this info in a more comprehensive, updated and transparaent way, and not leaving investors to try to cobble together a picture themselves. For those of us following closely, I think we see pretty well the movements and EATS portfolio is performing exceptionally.
That lack of concreteness and Kang's (and to a lesser extent Balderson) insider selling are the two things keeping me from moving another 5k or so to EATS. It's an interesting situation really. We have a clearer picture of EATS portfolio (especially with the past weeks news on Turtle Tree Labs, and todays Singcell), but also more reason to doubt the concreteness of the management (due to insider selling from 2 of the 10 mngt, and some crappy past ventures).
I think you are mistaken to doubt the growth space though. IMO, the news that Turtle Tree is scaling into Commercial Production is massive news. I thought we might see that 2-5 years into the future, but its happening today. I find that extremely exciting. And check out Singcell news today (!) Clearly that news is not driving EATS sp up - as it did 3 months ago when anything vegan is getting absurdly overvalued - but watching these companies IPO (Nabati and Eat Just) and turn their research into production certainly will, imo.