Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hmmm, I don’t know enough about Ceres to really take a view, but investing in yet more Blockchain/crypto assets would be a worry for me. And another “potcoin”....meh. It’s not 2017. Bit late to that party I’m afraid,
Factom...Vogogo...now apparently Yooya integrating a blockchain solution. I sense people think just including the word blockchain is a passport to success. 99% of these projects overpromise and underdeliver, and the market is quickly becoming more discerning. Our overall investment portfolio needs to keep some diversification in my view and not get over exposed to “all things blockchain”.
I guess we have to just trust the BoD to do their due diligence and not buy into hype.
Odd on news next week we make an investment in this?
Keen to know more about the management team, assuming its more than just Ed.
https://www.emmacplc.com/
John - agree with all that, but don't underestimate the negative sentiment that a serious failing of the cryptomarket could generate. You can just imagine the mainstream financial media headlines, with the possibility far fewer end clients decide to press the button on serious blockchain investment. Time will tell.
Anyway, the key thing for me is our portfolio remains balanced and diversified. I'm glad we have investments in Factom and Vogogo, but as for me its enough now. I'd now like to see the bulk of that £4m put into some entirely different. The Factom protocol gaining traction (or not) doesn't then have to have undue influence on the SP.
The sizable drop in crypto valuations just over the past 24 hours highlights again for me why I hope FFWD is cautious over further investment in Factom. This could, over time, be a great investment but is not by any means a sure thing. If Lorne and the BoD are managing our portfolio risk correctly I'd like to see the recent placing raise put into e.g. medical cannabis or something completely different.
Just assuming anything associated with blockchain technology is a one way bet is stupid in my view and needs to be managed appropriately. We already have sufficient exposure through Factom Inc and Vogogo.
Completely agree ref. Placing. I’ve (unfortunately) invested in enough other companies where the placing is just for “working capital purposes” and such like, and that’s just a dilution if your holding plain and simple. But this is to raise £5m.... to invest £5m.... in something that will almost certainly be worth a damn sight more than £5m down the line. There will always be sellers who are just impatient or don’t understand. Those who are invested and just sit in their holding and add occasionally over time will be handsomely rewarded.
Would you like to see FFWD move to the main market at some point, and if so when? I think it would be advantageous in due course to get more institutional investment rather than this spivvy market of day traders and 10%ers. Thoughts?
"I suggest you run along with the rest of the derampers here pretending to be invested !"
LOL! I didn't realise you also do comedy.
Lorne is entitled to a salary, it seems he has just waived it for last year.
'Lorne Abony is entitled to an annual salary of £250,000, payable monthly in arrears, and a discretionary bonus. In addition, the Company will pay Mr Abony's rental expense for an office amounting to up to US$30,000 per annum, a personal assistant amounting to up to US$60,000 per annum and health insurance.'
Juvenescence - doesn't excite me and I'm annoyed we invested in Jim Mellon's latest jam tomorrow venture. If the technology works though at least I might live long enough to see a return. Sorry but I have been bitten enough investing in his gubbins before.
Leap gaming - really hopeful on their partnership with IMG (who I have met in a professional capacity personally). I really believe that investment will do well and reward us handsomely in due course.
Yooya - who knows? We know next to nothing about their business model. We keep hearing how views their content gets but not what their business model is and what that means for revenues and profits. Loren's latest commentary suggested they only become profitable recently following a month of record views, so not entirely sure how to judge that. I'm basically ambivalent on Yooya. They might be a great investment or something that just sounds good but is ultimately hype. We really need to know more about their business model, not just that content through their platform got a squillion views last year or whatever.
Factom - a good company, in a crowded space. This may do well over time, but the cryptoworld is like the wild west. There are so many competing projects and its a case of which gain traction over time and which fall by the wayside. Fingers crossed basically.
John - just adding the word "blockchain" to something doesn't automatically make it good, unless you're a credulous numpty. Of course if in due time there is an explanation why Yooya running on a blockchain is better than not, then I'm all ears. But for now its reminiscent of when in 2000 companies just had to add ".com" to anything and investors put money in. We all know how that ended.
Good RNS overall. Encouraging.
A little concerned over the wording the Yooya summary where it says "Yooya set a new sales record in May of 2018 and was profitable for the month".
Yooya read that one of two ways. They broke a sales record for May (good) but only as a result did they finally become profitable (hmmm). Still I guess it points to them headed in the right direction, but I've long since wanted to know more about their actual business model. I assume they have been loss-making until now then, if Lorne choose to make a special point of them having " a profitable month" in May.
I'm not concerned, at all, but there is so little transparency with Yooya.
We sank $1,000,000 into that at the beginning of 2016 as I recall.
I'm neither a ramper or deramper of FFWD. I'm merely an investor who believes in the overall long term merits of the company and will wait and see how my investment pans out over time. But I'm disappointed in the Juvenescence investment and the fact that, yet again, I find a proportion of my investment wrapped up in a 'Jim Mellon Jam Tomorrow I Promise' venture. Those of you that are/were invested in Plethora Solutions/Regent Pacific will know the score - years and years of testing, regulatory approvals, promises, partnerships - all to lead to nothing. Just you wait. Yes, I know we HAD to sell out of Aphria, but that was the kind of investment where you could see more immediate market growth, revenues and returns. Not the sort of thing where you will probably die of old age, ironically enough, before it comes good. I'm reasonably bullish about Factom (but its a crowded market) and presumably Leap Gaming and Yooya will generate decent returns. By my god I hope we don't pump more of our surplus cash into this Juvenescence venture. Hope to be proved wrong in time but I doubt it.
Check my posting history... I said we'd do this. Surprise surprise... we have to go and invest in yet another Jim Mellon founded company. Jam tomorrow folks.... Plethora Solutions all over again. *cringe*
I don't necessarily disagree, just observing that many on here were hanging their hat on Aphria and how the medical cannabis industry will be so huge, and how much our shareholding will be worth a massive sum in due course... yada yada yada. So something of a bolt from the blue to see FFWD exit their position entirely. I wonder what's next. My guess would be some Jim Mellon 'Juvenescence' type start-up ...God help us.... most are still getting over Plethora/Regent and other assorted "jam tomorrow" investments.
I imagine those of you who have spent months researching Aphria and the medical cannabis industry are feeling a bit cheesed off.....
I wouldn't have said M3 was worthy of an RNS... it actually doesn't amount to much. What will is confirmation of blue chip clients confirmed as having adopted the technology and revenues being generated by Factom Inc. Everything else is hype and window dressing.
Hmmm... when SatoshiPay has to resort to these sorts of gimmicks it�s concerning. So they are basically giving away XLM for people to spend on content providers that adopt their technology. ...and so far the list of such providers is almost laughable small time. As my posting history documents I have expressed concerns for a long time that, despite the good technology, they simply aren�t seeing adoption of it. Until they prove otherwise with some BIG NAME companies accepting the platform then it remains a worry. Yes, I know the medium post suggests this will be so, so let�s wait and see...