Member Info for RichTheNewbie

Has there actually been anything explicitly/formally said about taking the company public doggo? (or is that just your assumption/prediction?)

Well you can't accuse EMMAC of not moving quickly ;)
They're the currently the corporate equivalent of PACMAN.
Perhaps they've been using the THC by-product themselves.....

Hence my lack of surety on how the valuations will be done.
I’m not sure there’s a right answer as to whether their valuations will take into account events post reporting on the basis that’s what they knew what they were worth then and latter events just confirmed the fact.
Either way it shouldn’t make a massive difference really though.

I'm fine with accounting thanks ODONNELL but you're missing the point.

Events after the reporting date can impact what's reported during the period.

Here's some examples so you can read up:
http://stevecollings.co.uk/frs-102-events-after-the-reporting-period/

Also another link for those interested in Factom (don't know if it's been shared before):
https://youtu.be/Dsq4dkgMzcc?t=1098

Relevance to this conversation in particular......if you skip further into the presentation at around 25mins in:
Slide titled - "Working with the government".........bullet point "next round of capital easier because of the grant".
In voice, talking about working with the government: "you learn a lot about your product while you're going through this, but you also learn a lot about the market, so it's been really great for us to be able to take advantage of that, and not have to give up equity at a time when it's really really tough to give up that equity when you're raising funding".

Also another Factom thing getting off the ground.....(ho ho):
https://blockfolio.com/coin/FCT/signal/nWSwCvHwbw

In related news:
https://medium.com/@niels.klomp/the-worlds-first-clinical-trial-in-production-on-the-blockchain-has-just-been-announced-by-the-e05b73557dd0

(Sphereon using Factom blockchain)

There's never been any suggestion Factom can't raise series B.
In fact, if anything the opposite is true, and they don't need to rush into doing a series B at any cost, because they've got revenue coming in.
That's a stronger position to be in not a weaker one.
I think a lot of the crypto-currency followers are just leaping to negative conclusions because they're focussed on getting their tech right and useable (which is the main thing) rather than the token price up which will follow with usage.

Although I suppose the numbers might be slightly different for Yooya, Intensity, Vemo. As I've included valuations based on transactions post 30 Mar 2019. I'm not sure how the accounting works for things like that when you've got a more reasonable/updated figure based on things that happen after the accounting cut-off.
Should also add though that we could reasonably add an extra £100k to the cash guesstimate as Vogogo should have paid their interest on the convertible note.

released = released in RNSs

There's logic behind each number, essentially based on the concrete numbers/valuations the company has released since the last presentation, and applying it to the full share of each if a partial transaction. With a guesstimation for cash based on leftovers from placing, previous cash, and running costs comparable to the previous year.

Doesn't mean it'll be right though, and they may have rationale for updating the valuations on certain things we're not privy to (yet), so in theory it could be higher (I don't think (m)any of them should be significantly lower).

I'm going to go for 12.45p broken down as:

Leap £4,838,000
Intensity £1,040,000
Juvenescence £2,550,000
DodgyBootCompany £0
Factom £5,147,000
Vemo £473,846
Vogogo £1,287,000
Yooya £1,795,000
Emmac £2,000,000
Cash £1,655,000
Total £20,785,846
SharesInIssue 166913727
NAV/Share £0.1245

doggo - if you just stuck to that you'd even find me rarely having a go at you ;)

(and if you toned it down to just factual reporting of news without saying everything's always the best news ever then I'd probably never have a go at you.....god forbid :p)

easily=early

To be fair robbo, they could promote their investments a little more that's true, but at the end of the day they're all easily stage tech stuff, which are generally speaking going to see value creation / value affirming moments sporadically, and it's up to all of us to judge the merit of them in the intervening time.
People shouldn't be expecting an RNS every two minutes in a fund like this.
If there's big news they'll RNS it.
I wouldn't use Woodford as an example though.....bearing in mind their problems! In fact the Woodford situation just highlights the problem with investing in and valuing early stage companies. People invest in a portfolio that's based on stocks that are more risky and less liquid because that's where big returns can be made.....but then start pulling their money out forcing difficult to sell-quickly investments to be sold and essentially causing a problem like a run on a bank.
That problem doesn't exist here, but the same principle does apply with regard to hoping for a short term gain, and then selling if it doesn't quickly/steadily progress, when in reality things need to be viewed on a much longer timescale, where those value creation events may be large but sporadic (less applicable to Woodford that part obviously).

Like a f*cking playground this place but with a lot less sense spoken.

Ah the ponzi scheme lover Buried Treasure is back to spam the every messageboard with utter shite yet again.

Yes it’s decent news. Nothing amazing but good on balance for reasons mentioned earlier.
Have a good evening.

It's not £1m profit.
It was last valued in a presentation at about the same amount.
The last annuals had it at about $1m valuation (£800k).
It hasn't suddenly gone up by anything much.

On and on with the utter garbage.