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Robrob. I think the answer to that is that ffwd perceive themselves as a fund. Not all fund managers use social media or pr. Actually ed said on twitter recently that he endorsed the idea of outsourcing pr. At the end of the day.... Sell something for a hefty profit... Then we move. Pretty logical really. We will get rerates along the way as well
I said it before on Twitter and I'll say it again now.
Vemo bored the living sh*t out of me. When i explained it to other people I bored myself. When I read one of the many articles written about it I noticed all of them were the same.
It was just an explanation of what a share agreement was.
I like understanding possibilities and scope but it never really did it for me so I'm actually glad that we've sold part of it.
I can explain Factom, Intensity, Vogogo, EMMAC, Juvenescence, Leap, DBC, Yooya at a push
People understand Weed it doesn't need explaining to them and the markets already sold so minimal convincing and advertising needed.
What do I think?
I think this won't be the last sale for in gathering of funds. I believe Jim and Lorne understand that the portfolio is hard to understand for the layman and indeed it seems for the seasoned investor.
I believe they're pruning it into a recognisable shape and I firmly believe that this is your opportunity to start at the bottom.
I can't pretend i'm not vexed. I am.
For the record I bought in today in the morning.
Hope you're all well
Hey Chils,
Thank you for replying, yes you do have a point in that coms were much better during that period of Aphria / cannabis, IMO (not saying I am right) the BoD were not giving a full picture of the PF though, however communications were much better to where we are right now.
Definitely agree with the majority of points you are making about LEAP, Yooya and that all shareholders want this to be in a better place.
I just don't get it though, for gawds sake, if you are a company presenting at major events every year or master investors for example, why on earth would you not publicise the event, record it, put up the keynote presentation (8 mins?) on your company website....?
There is so much they should and can be doing, but so little is done.... it's quite depressing and there I was trying to be more positive at the start of this post...
barwickman.... you, me... everybody... knows zilch about yooya. might just be a one man band for all we know.
i would rather get rid of it. unless lorne completely surprises me, or you get on a plane, fly to china, buy a phone and tell us alll about it.
yooya is a nothing stock unless you can tell us hardcore facts.... how many peple do they employ, whats there growth in the past year etc etc etc ... blah blah blah...
actually whilst im at it... my thought process is quite simple...
if you think LEAP is worth less than £5 million... to us... you should probably sell right now.
If you think think LEAP is worth £5m+ (AND) 1 other investment can pay off in the medium term.. you should definatly stay in.
If you are constantly now looking at the dwindling sp and are desparing.... you should sell.
LEAP is the safety net. factom i have a feeling will not... ipo. i actually think as the market matures and consolidation takes effect, factom will be bought for IP, and so i go against most others here. my reasoning?....
they are not hiring, therefore they are not scaling. i beleive they are cultivating products to serve certain markets which in turn will be an attractive buyout. they wiill not be a wordpress of the internet. again just my opinion.
as for JUV and Emmac.... those are the cherries.... cannabis medication was mentioned on question time last week.... people are desperate for it.
And don’t forget Yooya, defo in my top 3
robrob and Ma5k, answering to both of you and obviously just my opinion,
robrob - you may remember the board used to give regular updates on the pf, and the sp still fell prior to the placing. that strategy failed. we all know where it was successfull... the sale of aphira! so now you have you benchmark.... it couldnt be simpler.
Ma5k, im a 50/50 believer in ffwd. thing is lorne can afford to fail here, it doesnt really matter to him does it really? apart from ego? or is that the case? looking at the investments im stilll reasonably happy. as for the need for investors to come on board and drive the sp up... well yes thats obviously correct.. but not always.
i have averaged down here because i do beleive that factom/intensity/leap and juv hold 'intrisic' value and with emmac entering the equation... im delighted with that one. whether that means they will be succesfull on their own merit, or sold off.... thats for all of us to find out.
Shiffling money around and ditching vemo just demonstrates to me that the board are taking things seriously. i f they were lazy... we would still be in vemo.
leap will not ipo - its not ipo material but interestingly the sale of leap could be quite substantial.
as i have said before, its all about selling the assets and re-investing and then scaling and keeping an eye on that NAV.
i do understand peoples frustration though, ive turned a blind eye to twitter... and here tbh, but if we can be constructive im happy to play along....
we all want to be in a better place right now right?
Hi chils,
I like reading your posts but I have to comment here...
"for one do not hold the board responsible for lack of communication..."
Really?
If BoD are not responsible then who is? It doesn't take much effort for them to talk about investing policy, upcoming markets, or anything not held under NDA. It just takes some effort... But we know Lorne does not want to communicate with us shareholders this is why his Twitter is closed and Comms turned off.
Thanks for the comprehensive reply.
I'm not a great believer in 'averaging down'... all too often folk significantly increase their holding in order to lower their average but end up sitting on even bigger losses. Obviously the hope is for the SP to increase at some stage but in order for that to happen lots of new people will need to invest (and hold if it's not just to be a brief spike). It's not clear to me what will generate that interest.
You are clearly a believer and I wish you luck - both here and with your own enterprise.
sorry... i didnt answer your question either..
'it would be interesting to hear how you anticipate things might develop share-price wise and over what time scale'
web went up a few months ago by 200% on no news. nothing... zip.. looking at the charts for ffwd, not that im a believer in charts... but we fluctuate between 8.6 and 10 something.... prior to lorne? 7/6/5??
no one an answer the question, but thats where i revert back to my previous message. and i for one do not hold the board responsible for lack of communication and the fall in sp. investor sentiment is driving the sp down, and the mm's are more than happy to oblige!!
ive got a startup - launched 6mths ago, you want an update on that after 6 months? ok... its flipping difficult right now... but like apollo 13.. .were working on it (that would be my rns), would you be ok with that?! probably not right?
but then you aint looking at the bigger picture are you? or .... are you?
ma5k, thanks for the message, i have been 'reading' from the sidelines. just observing. it doesnt take long to get the general picture, and obviously people are very frustrated. you may recall - i said this would go 8.6. and oh boy did the amigos hate me for that one?! they also said i was invested here... i am, to the tune of 1.6 million shares.
whether people believe me on here about my 1.6million... means nothing to me. my average... started from 15.4 and is now at 10.94.
so here is the deal, if you look on my tweets, i actually asked vemo 2 weeks ago how many clients they had... i had no response. i was never sold on vemo. its not a new model, gouvernment issues around it etc etc
the thing is this though... which most are blind too. if not... pretty much everyone. ffwd invests in pre-ipo emerging.. blah blah blah. portfolio is diversified. safety net is leap, and hopefully factom... our biggest investment.
DO YOU ALL THINK THAT EVERY INVESTMENT WE MAKE WILL ALL TURN INTO GOLD????
DO YOU THINK THAT JUST BECAUSE LORNE/MELLON HAVE MADE THEIR MILLIONS THEY ARE GOING TO CALL EVERY DEAL AS A HUGE GAME CHANGER????
get real people.
we just need 'one' investee to create apples on the tree. i still see that as factom, leap is our safety net.
emmac and selling off vemo, im completely happy with. infact im very happy to get rid of vemo. i would also like to get rid of yooya and DBC. yooya because none of us have a clue about them, dbc.... being going on too long.
Intensity.... its a 50/50 and they are eraly stage, but yes the recent rns about fast tarcking is great news but we dont own much.
its pretty simple... we need '1' good apple... '1', which can catapult this fund and then we can scale, and then there will be more multiple failures... as well as successes. thats what startups are about, i should know... i own one!
my safe bet is juv.... that one is seriously significant and can add to long term growth.
right now.... investers are dumping because they are bored... i completely get that, frustration etc, but with ffwd you have to look at the big picture... i look at factom (maybe intensity), leap is safe, emmac i really like and juv.
so thats 4 that i am happy with.
sp will probably drop a bit futher because of negative sentiment but i really couldnt give a damn about that, i still sleep easy at night.
infact - onve all the drama is over and nav rises... im more interested in the scalability in this fund and the direction it will go... that excites me.
thats my overall opinion... happy to debate.
Exactly the NAV has increased again. That’s the key
To correct that they would have around 1.75% if they kept their full stake
They sold around 2.5m and still have 1m shares. So they sold 70%. The equity figure has gone down because of dilution not because of anything ffwd have done. They would only have around 1.25% if they kept the full stake.
If I remember correctly you were sitting on a substantial loss here at one point - now that some time has passed for reflection it would be interesting to hear how you anticipate things might develop share-price wise and over what time scale.
Where are you getting the 90% from?
positive im not to sure, for me they have raised enough cash for what they want to do, selling one of the others would of been suicidal i think as it might of been worth a lot more down the line, so my theory is there might not be any news just yet and had to do the Vemo deal, its just a waiting game, once again i hope i'm wrong.
yeh it s a hard nut to research, but being LLC you'd expect that they need to file somewhere especially if they are T/O millions in revenue...
I think we should see the RNS as a positive. Yes we may have made a small loss on the partial sale of Vemo, but then the adoption of ISAs in the US was always going to be a slow burner. How many universities in the US have actually adopted Vemo's solution? Not that many to date. On the other hand if they reinvest the money into another medical cannabis company the returns could be substantially higher over the short term. Medical cannabis is a very hot industry at present and several private medical cannabis companies are considering IPOs soon. Emmac alone could net us a 5 bag return when it IPOs, and so others could also. I imagine the board have weighed it up carefully in taking this decision.
...the sound of that. Don't want overmuch invested in any one proposition, even cannabis. This is supposed to be like an IT.
Commenting on the Disposal, CEO Lorne Abony noted, "The partial sale of the Company's interest in Vemo is the Company's first exit from an investment in 2019. The Board believes further investments can be realized during the course of 2019 and intends to reinvest the proceeds in the medicinal cannabis sector, furthering FFWDs investment focus on life science, health and technology." Sounds like future monetisation will also be invested in medical cannabis going by the last sentence, that's a positive to take away I suppose. I'm so far underwater I'm literally clutching at anything within reach.
Sorry, I'm wrong, Fralis is of course public, but perhaps either still in nevis, or in Israel?
They used to be registered in Nevis, so if they still are, and as you say, Israelis are involved, good luck with getting any financial information out of a private company under those circumstances. Doggie is the go-to man for info, I think. Their tie-up with IMG seems to have been productive, but I doubt there are any publicly published figures.
I ask this because Fralis LLC is not visible to me @
https://www.sec.gov/edgar/searchedgar/companysearch.html
https://beta.companieshouse.gov.uk/search?q=fralis+
So what would be the company filing and LLC for Leap Gaming, if not Fralis LLC.
well time will tell..
LS, can you help me. You mention LEAP and I am keen to understand which country they file in. The website is vague to say the least and there is no indication as to what country LEAP operate in? I can see from LinkedIN that the employees are based in Israel?
Do we know what the T/O of LEAP has been? I understand that the company is very profitable and has grown substantially, it'd be good to know what P+L has been. I mean ideally we don't want to sell a profitable company that is earning us shareholders Divs, right?