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Yes let’s see
Myself included, Barwick, SalvaRx ended up being great - just like I feel FastForward will. But it certainly wasn't a straight line - 2017/18 price action before the deal really illustrates that.
And Portage - well, anything Greg Bailey touches - is likely to be even bigger than anyone expects. Great guy!
Ooh, I'm not 100% sure who founded Kuala. Yes, of course, Mellon was present as an Executive Director from Kuala (pre-FFWD) days (did he found it?) and the company got renamed seemingly to tie in with Jim's latest book at the time. However, I've always felt Lorne's involvement (and significant holding) was much more than just a regular CEO which is probably why I feel him as a kind of founder (after the name change) and certainly when considering the FastForward of today. Jim seems to largely be looking elsewhere these days and the cannabis focused portfolio does still tie in with Abony's interests (EMMAC (chairman) and Nuuvera (CEO) which Aphria bought being two good examples of former FFWD assets).
I would imagine the relationship between Lorne and Ed at Emmac will only benefit FastForward in the future, just as the relationship between Jim and Greg with Portage and Juvenesence / AgeX / LyGenesis should also do.
Let's see what's happens! GLA!
i was just talking generally about CEO,s buying shares, yes ED does have warrants. Lorne didn't start the company have another look at that one and see who's name pops up, as for Salvarx i think you will find many have made money on that including FFWD, good luck
I really think the point is being missed. It keeps on being said by people like Ctw2014 because it's a fact.
Barwickman, you say "usually they buy". Can you give 3 examples of other CEOs of hedge fund type companies which own chunks of other companies where the CEO is also either founder/MD or on the board of the owned companies and about to do a deal where they have then ALSO purchased stock in the overriding hedge fund before market sensitive discussions in the owned assets have been announced or completed?
Just curious.
I'm not sure Ed has any warrants, does he?
Anyway, I don't really think Ed will care if he ends up buying at 8p, 12p or 17p. Let's not forget there's an accelerator clause above 17p. Many are looking at 40p+ targets. But let's also not forget Lorne Abony who set up FFWD founded other companies in the past from an equally low mcap to around $500m Canadian. Abony is still invested here and took more stock instead of fees. So if Ed misses the first 100% of a move, it's really going to be of no major consequence to him IF he has the intention of building the company to an mcap much greater than 100m (c.47p) and holding his stock for the longterm.
Anyhow, that's how I see it.
The share price suppression is frustrating and doesn't make much sense to me (particularly considering there are far fewer bargains in the market compared to a year ago) but it wouldn't be the first Jim Mellon involved stock that has strangely been a victim of this and, apart from the odd spike, has underperformed and been a bit lacklustre. SalvaRx also springs to mind as having had rather significant disconnects between price and reality at times. Condor Gold does have political risks but also hasn't had any of the excitement of other gold companies during this very volatile and bullish year. Agronomics is the only one which currently bucks this trend. But, at the end of the day, assuming everything with FFWD's current assets is above board and assets are disposed of at fair and open market values, there is little to worry about...for now. Fast Forward should have its day - and by that, I don't just mean a one day spike!
Currently hold 350k shares.
Good luck to all holders.
you keep saying that and you will believe it, usually they buy when results are released as all info is out there, he's had his chances but not took them, maybe he's happy with his warrants ?
We are a fund with interests in several companies. Ed has explained many times that this means he is practically always in possession of inside information. He has also said, many times, that he is frustrated not to be able to buy at current prices, as a result of being inside.
Can totally see your point, Barwickman but I really don't think there is anything mysterious going on here. And I don't think it says anything about EML being a better buy short term.
There's just no additional conflict for him there over and above being a NED. With FastForward, their number one asset was EMMAC (particularly when they became cannabis focussed) where he is Co-founder and MD for UK and then, when that was sold off, their number one asset became LEAP which FastForward own almost half of and where he was appointed to their Board to assist with the IPO. That's a very different involvement for him compared to EML.
If he doesn't feel there are acceptable ways for him to buy shares prior to the Leap IPO, I would imagine he will only be able to buy on any pullback when 12p warrants are exercised.
Don't get me wrong, I also wish he had a million or couple million shares in the company right now - it would certainly make the current status of the company even more investable.
So if we follow Ed EML must be a better buy or at least short term ?
He did say in his interview that he has had opportunities to buy but he wanted to wait and buy a significant amount.....Even though he has bought several £10k lots in EML and a larger buy just this week in EML. I think we all know to take what Ed says with a pinch of salt.
So are you saying he will have a conflict of interest for ever, remember as I’ve said many time if the CEO has no skin in the company why should we, I bet there’s a lot more CEO,s who have skin in the game than not, just my view.
It's not as if he's only been at FFWD for 6 months... BUT he did have a similar conflict when EMMAC was an integral part of the portfolio, didn't he?
Worth 5 minutes
https://www.youtube.com/embed/EvUhfDZSLUA
Noted, thanks for the point and the reasoning.
You may well be right now but he will of had other opportunities to invest , not as he’s only been here 6 months.
Because it’s insider trading. He will have knowledge of everything that you and me haven’t. Let’s say Leap is sold for between $100-$200 million and ED buys when it is currently being valued by everyone at little more than I’ve got in my back pocket and it gets bought by Endeavor on Monday. What would you say ‘blimey gov’ner Ed dropped lucky didn’t he’.
It’s standard for all companies NOT unique to Ed & FFWD
He’s inside on all the deals. I don’t get how that prevents him buying shares unless we are in a closed period. Maybe my slow brain is comparing this to my own experiences where outside of closed periods as long as I have the GCs approval I can trade in shares even as a pdmr
How many times must it be explained to you?
He's inside on Leap
With all the posts i thought their might news. Sounds like doggo is a rottie
Had a chat sorted our differences. Line drawn
In Emmerson. Let’s see if we get a purchase here.
No thank you. I'm done with groups, rooms and parties. I just want the quiet life with a bit of research thrown in.
He’s being very naughty on telegram. Join us
pahaha
more daft comments than trades
Board turned into a dating site. I’m old enough to remember Chilston asking Doggo for a drink.
I guess lockdown has soften doggo up