Kuala Innov Share Discussion Threads

[doodlebug4] 09/11/2015 08:44

Bitcoin Inventor Satoshi Nakamoto Nominated For Nobel Prize
from the where-should-we-leave-it? dept.

HughPickens.com writes:
Nobel Prizes are given for making important — preferably fundamental — breakthroughs in the realm of ideas. That's just what Satoshi Nakamoto has done, according to Bhagwan Chowdhry, a professor of finance at UCLA. Chowdhry has nominated Satoshi Nakamoto, the creator of Bitcoin, for a Nobel prize in economics. The Prize Committee for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, popularly known as the Nobel Prize in Economic Sciences, has invited Chowdhry to nominate someone for the 2016 Prize. He started thinking about whose ideas are likely to have a disruptive influence in the twenty first century: "The invention of bitcoin — a digital currency — is nothing short of revolutionary," says Chowdhry. "It offers many advantages over both physical and paper currencies. It is secure, relying on almost unbreakable cryptographic code, can be divided into millions of smaller sub-units, and can be transferred securely and nearly instantaneously from one person to any other person in the world with access to internet bypassing governments, central banks and financial intermediaries." Satoshi Nakamoto's Bitcoin Protocol has also spawned exciting innovations in the FinTech space by showing how financial contracts — not just currencies — can be digitized, securely verified and stored, and transferred instantaneously from one party to another.

There's only one problem. Who is Satoshi Nakamoto? Suppose the Nobel Committee is convinced that Satoshi Nakamoto deserves the Prize. Now the problem it will face is how to contact him to announce that he has won the Prize. According to Chowdhry, Nakamoto can be informed by contacting him online just the same way people have communicated with him in the past. He has anonymously communicated with the computer science and cryptography community. If he accepts the award, he can verifiably communicate his acceptance. Finally, there is the issue of the Prize money. Nakamoto is already in possession of several hundred million U.S. dollars worth of bitcoins so the additional prize money may not mean much to him. "Only if he wants, the committee could also transfer the prize money to my bitcoin address, 165sAHBpLHujHbHx2zSjC898oXEz25Awtj," concludes Chowdhry. "Mr Nakamoto and I will settle later."

[wolf9] 08/11/2015 19:00

the 10% stake in satoshipay could prove to be a real star in the portfolio. with more and more acceptance of bitcoin satoshipay could be massive or even could be swallowed up by some one like worldpay

[doodlebug4] 08/11/2015 11:59

Good post keya. I agree that focussing on the US is an important factor. Investors in the US are very often technical entrepreneurs who have built successful companies, and they are not so risk averse as investors in Europe. I read an interesting statistic a few days ago by CB insights which stated that more than 60% of today's biggest privately held start-ups are based in the US, with 23% in Asia and 13% in Europe.

As you say, Jim Mellon probably has the next acquisition in his sights and he's far too astute to be trying to raise millions at this point while the company is in the early stages of its development.

[keya5000] 08/11/2015 09:15

Glad he's focussing in the US for the investments, just don't think the UK market place is sharp enough to develop these type of companies (with the odd exception).

The interview he did with Money Week (think that was the name with the video) leads me o believe he will be concentrating on embryonic US companies.

Given the fast forward book and strategy was started in 2014 (possibly way before) you would have thought he (Mellon) would have been creating the contacts and talking about the deals throughout the previous eighteen months. No doubt he owns several more shares in early stage companies on a private basis and I reckon there are likely already connected entities/stakes that will be reversed onto this when the name change takes place.

All looking good and I reckon any raise they do won't be in the millions and won't be detrimental to the prevailing share price at the time, in fact quite the opposite.

At the time of the last fund raising the direction and the driving forces behind such had not been known, quite easy to see now what's happening here and say if he raises £500k at 10% discount to the share price you know that cash will soon be deployed into something likely very worthwhile.

So whilst I accept a fund raise at some point (it is inevitable) the amounts will I expect be small and only raised when specifically needed. It is also worth considering that he may in effect create a 'directors buy' by exchanging already owned assets with KUL shares.

I would expect a none damaging (I.e. Not like YA) conv.loan type facility could be arranged given the connections. Yes all these options lead to re dilution but we start with such a small number in issue the key to me is to who and how the shares KUL will need to issue are issued to.

I don't expect them to go to 'flippers' and create an ever increasing free float of moving ever changing stock.

[doodlebug4] 08/11/2015 08:25

There is so much information coming out of America on a daily basis about blockchain technology that it's hard to keep up with all the different avenues of business it can have a positive effect on, from a security perspective and economically. You would think that it's only a matter of time before Factom land a sizeable contract.

[keya5000] 07/11/2015 23:32

When you read the book and articles like this you can see there is a massive future for block chain tech.

[keya5000] 07/11/2015 23:29

Not sure if you have posted this one before doodle.

[keya5000] 07/11/2015 21:32

Doodle that's another company I would not mind us getting 10-20% of.

Very popular stateside are pioneering bio techs/drug companies.

[doodlebug4] 07/11/2015 19:46

I would have thought the news on 5 November warranted more than a very brief mention the next day on the Kuala Innovations Twitter tag. I'm not a great fan of Twitter anyway and I certainly don't think it should be used as a way of conveying important company news.

[keya5000] 07/11/2015 18:17

Can't see how the 22/10 news was released via a rns but not the 5/11 one.

I know doodle contacted them but in my opinion the actual performance update of the product would be much more significant than the earlier release?

[doodlebug4] 07/11/2015 10:57

Robotics featured in chapter 1 of Fast Forward - perhaps the next acquisition for Kuala/Fast Forward Innovations?

[tobytime73] 06/11/2015 19:20

lol.. lets save our positive energy for a result on 88e in the mean time

[keya5000] 06/11/2015 19:06

Tt you are not wavering from the party line.

The post was so good it suckered me in at 11p for a load more. Do you feel bad that your ramping may have cost me?

Lol....

[tobytime73] 06/11/2015 18:43

A very good post that by me Keya.

I dont know why so many fear a placing!!

Let a placing come, embrace it then load up to the hills.

Simple.

enjoy your weekend

[keya5000] 06/11/2015 18:25

You called a placing all day Tuesday and ramped this all Wednesday. Now on Friday you are warning folk away. Can't see how you can post like below and then within a day turn 180 degrees!

TOP Traders Thread !!!! - CR
tobytime73 - 03 Nov 2015 - 12:17:57 - 541045 of 541489

Why i think KUL should be trading at 20p-25p+ or a £8-10m market cap

I think you many be pleasantly surprised with whats to come here.

I would personally aim for the stars here with both investments gurus Stephen Dattels and Jim Mellon on board.

Stephan Dattels took Uramin inc from a minow to a $2.5b company

Stephen R. Dattels co-founded UraMin Inc. which sold in 2007 for US$2.5 billion to Areva. He was a key executive at Barrick Gold Corporation during its formative years from 1982 prior to 1987. He has completed several financings in the natural resources sector, either directly or through his family owned merchant bank, Regent Mercantile Bancorp Inc. and other investment companies. He is currently non-executive Co-Chairman of Regent Pacific Group Limited. He was the former Chairman and founder of Caledon Resources plc, co-founder of Oriel Resources plc and a director of Extract Resources Limited, Executive Chairman of West African Minerals Corporation, co-founder and Executive Co-Chairman of Polo Resources
Limited, and a director of GCM Resources plc. Stephen Dattels has a Bachelor of Arts degree from McGill University, a law degree (cum laude) from the University of Western Ontario and has completed the Program for Management Development at Harvard University. Further details are available on www.stephendattels.com

Then you have serial entrepreneur Jim Mellon who needs no introduction. He is described as being uk's Warren Buffett

Together they own 40% of the company and have invested directly via their investment vehicles.

Their aspirations are very high here and there is absolute no way either of them are here for a mere £3m market cap.

I have seen cash shells with low calibre directors and little or no assets with a market cap of up to £50m. Not saying the same will happen here but i can see a market cap of £20m in the near future being very duable as investors cotton on to who is behind KUALA and what their vision is.

Neither Stephen nor Jim will be aiming small here. Having spoken to Jim Mellon on twitter he seems very upbeat on the future here and excited at the same time.

Last of all the free float is very small here and will only get smaller as this captures the wider audience of investors. Just be glad that you are able to buy before this really takes off.
I have no target here as these guys could quite literally be aiming for a £100m+ company. However i do think this should be trading around 25p NOW ( £10m market cap) based solely on investments to date and the presence of Gurus Stephen Dattles and Jim Mellon.

Investors buy potential and good management both of which are glazed in gold here.

Cash shells like this don't get any better imho

[tobytime73] 06/11/2015 18:18

Keya as soon as placing is confirmed and the uncertainty removed i belive the share price will be 20p+.

However that funding certainty will hold this back until then imo

as for being honest tut tut no need for that.

[keya5000] 06/11/2015 18:01

Strange tt you stated on Wednesday that it needed to be 20p+ to reflect current value. Tuesday you said under ten pence placing now after a change of tune you are warning folk off again.

I know it's hard but why not just be honest.

[tobytime73] 06/11/2015 17:43

thank you enjoy your weekend also.

[doodlebug4] 06/11/2015 17:35

Have a good weekend, that means you won't mention a placing for at least two days!

[tobytime73] 06/11/2015 17:31

doodle that was before i got a heads up that the company may need to raise.

I then digged deeper and saw the lack of funds!!

I warned on the TERN thread that they may need to raise. Folks laughed then bang placing at 12p.

Like i said I'm a realist. Im off to enjoy my weekend theres my to life then advfn