RE: FFWD4 Jan 2018 10:18
Ok- FF was previopusly called Kuala and before that China Growth Opportunities, both mning companise with Dattels coming on board when it became Kuala.
Kuala then morphed into FF to invest in bio pharma, a l RP, at which point Dattels must have resigned post your RNS with JM becoming Chairman for y/e Marc 2017 and in which he said (not mirrored by RP).
The Diabetic Boot Company Limited
DBC, which trades under the name �Pulseflow�, has developed a new form of diabetic friendly footwear with
integrated offloading capabilities and the patented Pulseflow technology which aids in the promotion of blood
flow and improved circulation in one product. In April 2016 DBC raised additional capital from; among others
Regent Pacific Group Limited in which Jim Mellon is a director and has a 21% shareholding. This additional capital
was dependent on DBC achieving certain milestones which it has not. On 6 October 2016, Life Science
Developments Limited (�Life�), a company listed on the AIM market and in which Jim Mellon is a director,
announced that it had entered into a non-binding term sheet to acquire 100% of DBC for new shares in Life
however after the year end Life announced that the acquisition was taking longer than anticipated to conclude.
DBC has successfully obtained short term debt finance and a convertible security in which Fast Forward did not
participate
It is disappointing that DBC has missed key milestones and to see the value of the company not increase as
expected. The major challenge for the DBC board is to successfully navigate its current funding issues. That said, I
am optimistic about this investment and I will continue to closely monitor the efforts of DBC and its major
shareholders to deliver value by commercialising its key product.