The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Hefty hefty sells going into close. Ramp squad closing their trades. On a previous share I was invested in the board chose to drown out their BS. This could be something we can do to protect ourselves/ the share we are invested in. The share is super spikey which scares holders and also deters new investors. Also it’s hardly an ethical tactic these toads are employing and I am sure they are making money off this. How about every ramptastic post we all report it and drown it out ( everyone posts a blank message so it goes down the feed ). Just a thought.
I believe the tender submission is midday today. There was never going to be an RNS this morning. If they have held off for competitor purposes I think Monday AM could be the time. Can’t imagine he will do an intra day RNS for maximum effect.
Matador you have hit the nail on the head. Your post is the most liked comment on this board and couldn’t have put it better myself.who would have thought you telling the dreamers to simmer down would have more love than someone telling them the share will be worth £1 tomorrow lol. From all investors keep your pie in the sky comments to yourself unless you know factually. Can’t help but feel it’s for trading purposes and just causes disappointment when your “ research” turns to be as much use as a diabetic boot.
You’re are invested in a VC fund. Due to the nature of the beast this carries a high level of risk and equally high level of reward. Fingers severely burnt with Factom.
Unfortunately as these companies are not listed the only concrete revaluation is created by liquidity events. We know these are incoming and this will define the true value of the investment not intra day trading.
Very frustrating but offers great opportunity if you believe in the assets of the companies. ED knows how this works and I am sure he is pushing to get these liquidity events started. Starting with LEAP which imo will dwarf the MC to date. I think 30p for all the investments isn’t far off- if this doesn’t move this year then I am going to sell and move on. Do believe this is the year the rabbit comes out the hat.
3 RNS’ stuck in the machine. Ed en route to give them a final push.!
Could the lack of recent RNS’ be due to the holidays? Maybe we will get a raft on the 4th?
Also as an aside you talk tosh. If a listed company bought another listed company would only 1 company have to release an RNS??. Be quiet sunshine.
I’ll have to set RNS alerts for every company in the world to ensure I am updated about the company I am invested in incase they release the news first lol . Funny
Easy tiger. Just had a look at your previous posts and looks nothing has come to fruition on the back of it. See you was saying Factom will come back alive and knighting sir Ed McDermott for spunking more monies on a dead duck( legal fees ). Turned out to be a shrewd move eh.
You also predicted this share to be in the high 20s we are sat at 7p. For someone who gets it so wrong so often let’s not squash peoples opinions eh?
See many people like this on AIM boards- beware all 99% they are pumping for their own benefit.
Agreed lol. For a £10er which would be a good result lol. Ed still sitting on cash reserves let’s hope he is investing more in the cannabis sector.
Strange no RNS regarding Yooma. Also would have thought Ed would have done some proactive investment interview after recent news
Think 95% of holders here are holding due to Leap. Make no mistake about it its worth more than the ffwd share price. Getting a little frustrated about the BoD stating they are focused on the cannabis sector when that isn’t apparent at the mo. A mere 2m in emmac and similar amount in Yooma which I am not convinced about at all.
Ed’s hands are tied and once leap is monetised I will most likely sell but will be interesting to see where Ed invests the proceeds
The lack of investment of the 2m stinks to me. It’s been 2 months now I hope ffwd are not funding the legal emmac costs. We only hold an embarrassingly low % for a fund which I believe falsely portrays itself as a cannabis focussed fund and we shouldnt be funding their strategy when we have a small stake.
All in my opinion but the current share price of 7p is staggering when the NAV is 9.4p which is conservatively measured. Was expecting share price to hold at 8.4p after interims.
Ed why don’t you put your hand in your pocket?
To be honest if they didn’t pump so much cash into Factom we would be sitting very pretty. I suppose that’s the nature of the beast investing in a VC.
Would want a lot more exposure to the cannabis sector in this fund. I know Ed publishes that we are heavily invested but I don’t believe this at the moment. Hopefully we can sell leap for handsome profit and we can use proceeds to focus on the cannabis sector which in turn will increase investor visibility as they can see we have a streamlined business plan. If you didn’t look into Leap and just seen they made virtual games you would most likely pass over the fund when you see it makes up 50% of NAV
Yea but the shares in issue will be that at the half year end? So the £2m raise will actually lower NAV as it was issued at a discount to NAV. My comment around where has the £2m gone was in relation to why we haven’t invested it yet.
Who do you expect to take a stab in the dark? Any prudent auditor would let the market decide how much the company is worth. The amount of risk on the stock market and the economic uncertainty I cannot foresee who would try and value this for financial accounting purposes. Obviously, Ed and Leap advisors will have to value the company and gauge interest for IPO but this doesn’t mean it will trickle down into the interims or financial accounts,unfortunately. This NAV update can be inflated due to the rise in Portage remember..
Bit surprised by the drop after the interims have been released. Nothing really new could out the woodwork as this has already been communicated to the market.
Leap is clearly vital to ffwd at the moment and we know that these investments are conservatively valued. Due to the nature of the beast I don’t really take much notice of the NAV is don’t think it’s a fair representation of real value.
As an auditor myself I know that valuations are very conservative at the moment and a lot of disclaimers are being written into the accounts. So if you think an auditor is going to risk getting bitten by taking a stab in the dark to value Leap before it lists I think is a bit naive. Real value of Leap will only come to light once they list, as we all know.
Not sure where this £2m has gone mind....
Interesting.. it said Leap was looking to raise funds for m and A activity. Would does people think of this?
Ed won’t be sacrificed if they aren’t expecting a serious IPO valuation. He has EMMAC and other interests but the sheer fact he has took up the role to to get the maximum value from the IPO speaks volumes IMO. Expecting £20m minimum to ffwd. Remember that ffwd was offering around £4m in 2017 but ffwd walked away.Before IMG and when they was a tin pot company.
From Ed’s last interview with Docman I got the impression he was expecting a uptick in NAV which I found rather strange. It is usually just based on the cost price. If leap have been valued in the IPO process could this be reflected in the interim due in the next 2 weeks? Suppose same goes with emmac.
Good luck all think this is a very safe investment