[EDIT 22 December] Why does Octopus Titan VCT increase the value of its holdings in Elliptic Enterprises (No: 3 on the Quiz list) when Albion Capital Group wrote their valuations for its managed VCT's down?

Does no-one check/correlate consistency of valuations across the VCT sector?

Elliptic's compliance record is appalling, but then it does have Ed Lascelles of Albion and that dreadful liar Richard Seewald of Evolution Equity Partners as 2 of the 6 directors so we shouldn't really expect anything else.

Interesting to note that equity funding has dried up, as with Quantexa, so HSBC Innovation Bank has to step in with short term secured loans at >10%pa interest (in the case of Elleptic - Quantexa terms about to be revealed).

Worth readiing Sifted's new Top 250 report.

https://content.sifted.eu/wp-content/uploads/2024/12/04234513/Sifted-250-report.pdf

Quantexa is missing from that list - a bit like Sarah Diamond! Is that a coincidence? Probably not. "Busted flush" is one expression that sprngs to mind, or should that be legless Unicorns or Centaurs.

EDIT 22.12.24

I am intrigued:

Octopus has invested about the same in Elliptic shares (<£8m) as "Perfidious" Albion, but unless Octopus has transferred its "off balance sheet 96,456 shares" to the VCT, it has invested twice as much in Elliptic's recently issued Convertible Debt .

But now Octopus has raised its valuation by 12% in 2023 and a further 22% in the first half of 2024, whilst Albion says "no change" even though Ed Lascelles and an Octopus appointed director (and the notorious liar Richard Seewald) state, under penalty of perjury, that the value of the Convertible is already 14% greater than the monies received.

What do Howard Kennedy do for their Albion and Octopus "sponsorship" fees? Nothing is the obvious answer. Aren't they there to protect investors by asking questions?

The only conclusion is that valuations are entirely works of fiction aimed at prioritising the timing of Investment Manager's fees.