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I really do think its just setting it up for the future. I don't think they are planning any raise / dilution right now...Hopefully.....
Midas
You reckon they plan to issue more shares, invest in something 'they' think is good or that 'they' will get value from to compensate for IF leap has been overhyped
I can't see them issuing 100% or anything right now. They have £5m cash still to use, I think this is for way down the line. Any shares issued at less than 11.5p and the NAV is reduced
There should be an interview following an announcement of that magnitude Longlad and an all round update, if he doesn't do that then he is not doing his job properly.
so these new shares will be issued at the price they are on the day do you think or will our holdings be cut in half if say around the 8p level at todays price, suppose the new shares will or might get warrants/options, for me its not clear and FFWD explaining all this with some kind of podcast might clear things up, just saying think i need a bit more clarity
ICB888
The market clearly doesn’t listen to these guys.
They are yet to deliver, so anything they say is simply cheap talk.
Come on Ed, time for some leadership.....after all I recall you said in your last interview with Katie that you are up all the time focusing on ffwd.......which btw is more trash talk as you are not exclusively involved with ffwd....so how do we know where your attention/ royalties lie.......I nearly made it without mention shareholding’s and alignment!
Another day....week...month...1/4...about to pass! We should get a friggin medal holding this torturous share
I think the Chairman’s comment gives a clue as to why they may wish to issue new shares in the future:
Ian Burns continued, "We are positioning the company, which was originally incorporated in 2006, for the next exciting phase in its development, by bringing its constituent documents up to date to reflect changes in company law and into line with current market expectations, readying it for future investment, including from institutional investors should NAV and market cap develop as hoped."
Clearly institutional investment could take us to a new level and a market cap of £50 million plus is when they start to get interested.
Momentous Growth, I'm still waiting for our aim is to get shareholder value.
According to FFWD
surely Mat if Factom have any news they will have to report it to FFWD as they hold 30% stake.
i wonder why we never upped our holding this time in LGP, nothing better than putting a few quid on a dead cert as they say, for me now would be a good time to do a proactive podcast to explain his plan and explain how everything's going to work, might settle a few nerves.
No one can explain whats happening with factom with any clarity until Factom themself release a statement.
What is encouraging is Factom have teamed up with a company and is heading in a direction aligned with where Factom was originally intended and that is securing data with large banks , housing and big energy.
Morning all,
Is anyone able to explain the Factom findings in the comment below and the new company? Does it mean Factom is going concern again?
Sorry to ask!!
Ed needs to explain the reason .
Would guess that it is to take more meaningful amounts in IPO's or current holdings in LGP etc;
He said he would buy shares when out of the close period as with any fundraise the BOD should participate.
I think it’s being set up for the future along with new name etc. They must have around £5m left so can’t see any sudden urgency.
Now I understand how Ed is planning on making his £50M Mcap. I thought it would be impossible for him, just add more shares. Lol.
If George Roach at prem announced an egm to double the shares alarm bells would be ringing, just curious why people are so lax with Ed doing it.
Ps it’ll take more than that to shake me off before leap, come this far!
Absolutely not, why would it? New name, new direction. Liquidity events all happening
Hi Buns
Was yesterday’s second rns of any concern to you?
Big day coming up I’d say. A new dawn. Liquidity events aplenty etc etc
Eddie 's done alright with emmac. Could retire tomorrow. Don't know why he's bothering.
Let Freddy takeover post Leap.
I can understand Ed wanting more firepower, who wouldn't...but at the moment he is the equivalent of Gareth Southgate, he side stepped into the position and despite being in the top job for a while has yet to deliver a convincing result.
Of course there is a good reason, they need them to eventually increase their holding with bonuses. Hope we are wrong, but people tend to do things for "your benefit" that will greatly help themselves in the end. The new name is not exactly catchy in our view, but can see why it was chosen..
Following the 330pm RNS it had the sellers continuing, with two possible buys. Do they all just want out?
As we have mentioned before we would like some figures from leap, with every one saying how good their sales are, we need to see some decent profit from these sales, or are we being to hopeful? We have had these "stars" in the past which turned in to supernovas. Lets hope it all turns out good, then the BOD will be worth their bonus.
We still go for a strong buy as the NAV must be well above the current SP. Just hope we are not heading down a cul-de-sac but to a six lane motorway. This is our biggest investment in one company, excluding the warrants we held in Perpetual many years ago.
Once out of the close period , don't forget will you? !
Can we not have a '.com'?