Member Info for chilston

Because the guy that closed is tweeted it yesterday and I replied to him!

The RNS stated...
"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"

let me repeat...

"The Board believes further investments can be realized during the course of 2019 and intends to reinvest the proceeds in the medicinal cannabis sector"

Lorne has indicated what the tactic is. you dont need an rns about emmac/germany. all you need to know is what they intend to do.

if you beleive in the cannabis story, which i do, just hold fire. things will get interesting.

just ignore the noise - if you can. im slightly crazy and so im not in the slightest bit worried.

sell leap, sell yooya, thump more into cannabis... i willl see you all on cloud 9.

Exactly lordsnooty. Always worth remembering that whilst we are down here in the trenches

I saw alot of messages about the relationship between nav and our current sp last week. I agree that what the market decides our current sp to be is down to them as well as investors sentiment. But.... When the sp is where it is I think its important to reflect on nav because after all, if we were to sell everything... And have out money back... We are getting 12p ish Everyone agree with that basic mindset?

Yep this is great news. This will all be about who gets to market first. And there will be loads of competition So emmac need to move quick. I'm expecting them to IPO this year

Barwickman. I spent half a day trying to research yooya. I got know where fast! Their stats are the same as they were probably a year ago. So... Next time your over in Asia drinking your many beers, tell us what you see as we are all hiding behind a Chinese wall over here!

Robrob. As I said earlier. I cannot blame the board. Perception is the key word and right now.... As we all know, and demonstrated by the sells in a daily basis, perception is poor right now. If they give updates on the pf. Sp won't move. Market has demonstrated what it wants. So we are all feeling battered and bruised right now. With no exceptions. We are all negative here and so there is no point in us being negative... We are already in negative!i But I genuinely believe this won't be forever. But we probably have some more pain to go through yet. It all depends how long you are investing for. Will you sell at breakeven? I won't be. Not a chance. If we can scale in time on the back of some profitable sell offs... Then there are so many possibilities. Just got to have patience... A lot of it

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

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.

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?

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.

and if NAV is at 12p then that is excellent as yet again value in the company would have increased yet again. so rather than being a rabbit staring into the headlights of the on coming car, i prefer to look at the inherient vallue of the fund itself. The SP will correct itself eventually, the true value is in the NAV, not the SP.

So assuming doggo is correct, then a proper representation of the sp right now should be anywhere between 12p and 15.6p. that would be a sensible representation of the company.

but if you are blinded and panacking because of the current sp, then maybe aim isnt for you...

Ok doggo. But help this board out and explain your logic.

How do you come to that conclusion doggo? I don't see anything saying that officially

Ok, so that's tricky. Juv IPO next year. Factom b this year and hopefully this year we sell something?! Also emmac might potentially IPO this year? Sound realistic? So as for the top for 2019... I think the range is anywhere from 14p to 25p. More importantly I will be looking at what nav is come August. Hopefully see another rise to 12p which would indicate a consistent rise in the company valuation. It's times like these when volumes are low, MMs have no appetite for raising the SP that it's better to value the company on the facts. That's what I'm doing. Longer term I see the sp at 50p plus That's my opinion

Where I said it might go to 8.6? Or is this the bit where... A certain individual said ffwd always trades at 30% above nav? I'm just posting this to remind you... I was right :-) Don't worry though, it won't be down here for long x

we will be... victorious... eventually...

is it really Lord Snooty?? is it really? which odonnell are you refering too?! lol

come on buddy... you do realise who odonnell is?