Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Juv.... That's a long term player. Agex share price has stagnated
How many universities have signed up to vemo? Intensity... We hold less than 2%. Leap... Valuation is probably about 10mill
Vemo Juvenescence & Intensity clear at the top. Leap with our 46% holding and Emmac market size could be larger as well. Hence my 3 possibly 5 answer.
This should be interesting.... I'm looking forward to your opinion on what 5 are better and why! Your going to start with vemo? If you do.... How many clients do they currently have?
And when you answer the question... Give me our percentage ownership. Current valuation. And your perceived value for next 6 months.... Start with yooya
Yooya you know nothing about Pulseflow rather get rid of it Vemo has issues. Government are evaluating the market Vogogo? Did I spell it right? Intensity.... We have a small holding and it's pharma. Which means it's risky Leap isn't worth 20 mill. So go on.... Indulge me? Just don't mention emmac. We've only just invested
Factom is nowhere near the best PF company that FFWD hold. There are at least 3 possibly 5 better within the PF
Bit we do believe in factom. Otherwise we probably wouldn't be invested. As it's the biggest investment
The answer to that will be in the facts. Everything else is guess work. We can give our own opinion, but reality is no one knows. We don't know what other companies they are working on . You also have to factor in whether or not they get over subscribed. Place your bets...make your own judgement call on that one. Anyone here gives you a valuation is not in possession of the facts
Thanks for your replies.
What do you think is a realistic post raise valuation?
Exactly. We get to revalue our holding which at the moment we don't know
For the example if they raise £150 million at 20% would give an approximate post raise valuation of £750 million
It’s the post raise valuation we are all anticipating. Once we know what they’ve raised and for how much equity we can revalue our holding
DoMaar - it devolves to what the market cap is after the next funding round, and after that, to the potential IPO, and the valuation put on that. That is where incremental values accrue.
Can someone explain why Factom Series B is so highly anticipated? As far as I understand, the $6 million SAFE agreement will add potentially a max of $2 million to our current Mcap. Which is a great return but will only add about 1p to our NAV if I'm not mistaken. Of course we already hold equity but that was valued at only £550k in December's accounts. How much are we expecting this to increase by?
Not trying to deramp as I'm a holder myself but genuinely curious about the excitement around Series B.
I have no doubt of that, Chilpotts, it's just that FFWD has a habit of blundering with their announcements that shows no sign of abating - latest example being a few weeks ago when they issued a two-year-old RNS.
series b will come lord snooty - dont worry about that
Sorry Dogs, you're right. I was confusing the $6m with the further $9m. That is the point I'd like to have clarity on - in the RNS you post below, it states 'not later than 30 September', yet here we are seven months later with no confirmation it was executed or not - I suspect not, since we've had no RNS. In which case it is reasonable to ask what is going on.
The Board of AIM-traded FastForward Innovations Limited Company is pleased to announce that it has today executed a Simple Agreement for Future Equity ("SAFE Agreement") with investee company, Factom, Inc. ("Factom") under the terms of which the Company has advanced US$6 million (the "Initial Safe Advance") to Factom, which sum shall be converted at a future date at a 25 percent discount to the price of Factom's proposed Series B fundraising (terms yet to be announced). In addition to the Initial SAFE Advance, the Company has the right to invest up to an additional US$9 million, on the same terms, by not later than 30 September 2018.
The Initial Safe Advance will be funded from existing cash resources, as well as part of the funding available to the Company following a US$800,000 loan to the Company by Mr Lorne Abony, the Company's Chief Executive Officer.
Which as we all know has been subsequently repaid.
Don’t be silly now Snoot
30 recent direct investments in blockchain technology with Factom at the top. Interestingly also invested in WanChain and Tzero!
We've also never had confirmation that the $6m was invested in Factom, have we? If not, I rather think that it would be contrary to AIM rules, had the funds been invested and not RNSed.
Are invested in Factom taking part in series B. YGC MD is the Chairman of Factom
Yeh there is a few holes in it. the part that peaked my interest was YGC and the fund raise / connection to Factom, that it's positioned there has been ongoing activities for raising finance across crypto that if reading into it might include Factom.
They of course mean Series A, not Series B in the last paragraph.