Kuala Innov Share Discussion Threads

[flashheart] 23/11/2015 17:07

You only need to see what Stephen Dattels has previously achieved as well though. He is also a class act.

[doodlebug4] 23/11/2015 16:43

It will be interesting to find out just how far Jim Mellon & Stephen Dattels want to expand and grow FastForward. Jim will obviously be the 'front man' - marketing and promoting, but even with his charisma and reputation he needs a good team in place to deal with all the pieces of the jigsaw.

[keya5000] 23/11/2015 16:07

Think Jim's going to promote this a tad now.

[doodlebug4] 23/11/2015 15:22

"4m4 minutes ago
jim mellon ‏@jimmhk
Student debt in the US stands at $1.3T. Could income share agreements (ISAs) help students with college affordability? @VemoEd says yes.



6m6 minutes ago
jim mellon ‏@jimmhk
kuala now #Fast Forward invested in Vemo today -Student debt inUS stands at $1.3Tincome share agreements (ISAs) help students with college"

[doodlebug4] 23/11/2015 14:36

Student loan debt in the US;

[flashheart] 23/11/2015 13:36

I think that's why we're all here 'under our own steam' as it were. If left to a fund manager this would only be invested in once it's multiplied many times. Better to be in on the ground floor and reap the benefits.

[doodlebug4] 23/11/2015 13:25

Practically all the news flow about blockchain and bitcoin is coming from the US and other countries moormoney, I think the UK tends to be more conservative about new ideas, or more risk averse - which ever way you would describe it.

Fund manager's comments ----------- that is one reason I prefer to take care of my own investments!!

[the stigologist] 23/11/2015 13:08

so that's another $1m out the door what price next placing ?

[moormoney] 23/11/2015 13:06

Yes another box ticked now for fast forward the sp! I agree about your comment in 744 about scepticism where bit coin and block chain are concerned. It takes quite some time for the city heavy weights to swing in favour of most new ideas IMO just recently I had a fund manager telling me not to go near investing in these technologies. Time will tell but I think we are ahead of the game :))

[keya5000] 23/11/2015 12:45

That's another box ticked.

Today's investment must have almost cleared the existing cash.

Let's see how much they raise next.

[doodlebug4] 23/11/2015 12:23

Kuala Innovations Limited

23 November 2015

FOR IMMEDIATE RELEASE 23 November 2015

Kuala Innovations Limited ("the Company")

Result of General Meeting

Change of Name

The Company is pleased to announce that, further to the announcement made on 3 November 2015, the resolution at the General Meeting put to Shareholders, held at 11 a.m. today, at the offices of Elysium Fund Management Limited, 1(st) Floor, Royal Chambers, St Julian's Avenue, St Peter Port, Guernsey, GY1 3JX, was duly passed.

The Company has therefore approved the change of name to FastForward Innovations Limited; trading on AIM under the new name is expected to become effective from 8.00am on 24 November 2015. In conjunction with the name change, the Company's TIDM will become 'FFWD' from that date. The Company's website will remain www.kualainnovations.com until such time as a new website has been set up; a further announcement will be made at that stage.

Stephen Dattels, joint executive Chairman of the Company commented: "This name change reinforces our mission statement, to invest in disruptive technologies that will shape the future, which is based on a number of the ideas set out by Jim Mellon and Al Chalabi in their book Fast Forward."

[doodlebug4] 23/11/2015 12:22

Initially when I read the RNS this morning I was disappointed that the recent placing hadn't been spent on further investment in the blockchain sector, but after mulling it over I think it's a far better idea at this moment to have a portfolio of diversified acquisitions. Shareholders posting here seem to be enthusiastic about the potential of blockchain technology, but there still seems to be scepticism from some banks and other 'big hitters' about how the future will pan out. People sitting on the sidelines looking at KUL/FFWD and thinking about buying in may feel more comfortable holding shares in this company which has investments in different sectors. It's getting back to that old adage of never putting all your eggs in one basket.

[doodlebug4] 23/11/2015 09:51

Yes, that's chapter 8 of the book,(Media, Publishing & Education) - but this acquisition has obviously originated from Stephen Dattel's long list of business connections. Vemo Education have a very innovative concept to help solve the major problem of student debt in the US and it's good to be on board at this early stage. It's one of these ideas which will really take off and a few more months down the line probably a lot of people will be saying, why didn't I think of that.

[keya5000] 23/11/2015 09:05

I reckon this will be rolled out very fast, massive market and we have 10% of the company. Looks very good.

That's another of the Fast Forward book chapters covered.

[flashheart] 23/11/2015 08:52

The more I read the RNS TT, the more I like this too. We are in good hands here. The BoD know exactly what they're doing and where they want to be.

[trotterstrading] 23/11/2015 08:49

I like this investment very much, it has a feel of urgency about it, near term revenue, unmet need, simple yet powerful business model, enormous market potential.

[flashheart] 23/11/2015 08:30

Not what I was expecting but looks very interesting nonetheless. The VEMO CEO Mr Abony appears to have built companies from nothing before and sold on for a hefty sum. Could be earnings enhancing from the off as well. The opportunity in this field is indeed huge especially somewhere like the U.S.

[trotterstrading] 23/11/2015 08:30

Second only to US home loans in terms of borrowing!That is a HUGE target market, like the sounds of Vemo!

[doodlebug4] 23/11/2015 08:20

For Twitter followers;
"Oct 7
Vemo Education ‏@VemoEd
Want to understand how ISAs can help finance #highered? Check out the 2014 @AEI paper co-authored by @VemoEd CEO

[doodlebug4] 23/11/2015 08:12

Commenting on the VEMO Investment, Kuala Co-Chairman Mr Stephen Dattels noted:

"Although Kuala is a new company, it is fortunate to benefit from my long association with Lorne Abony, and I really appreciate Lorne inviting Kuala to participate in this early round of funding which was only open to a select group of investors.

VEMO has first mover advantage in the massive student financing opportunity in the United States. With its infrastructure and technology platform in place to fully develop and service income-based repayment options, including income share agreement programmes (ISA's) and deferred tuition plans, as well as advanced partnership negotiations in progress with leading U.S. universities, the Board believes this seed round investment by Kuala helps to further solidify VEMO's position as the leader in the next generation of student financing. The market is huge and VEMO is positioned to grow as ISA funding programmes are utilised to deal with the student funding crisis."

Commenting on the Kuala investment, VEMO Executive Chairman Mr Lorne Abony noted:

"At US$1.3 trillion and growing, the United States has a student debt crisis with few solutions. VEMO's income-based student financing products will allow students to unlock and monetise their greatest asset, which is the present value of their future earning potential. Kuala's investment allows us to expand company operations, including developing a sales and servicing team to secure partnerships with higher education institutions and implement VEMO's technology platform. VEMO is poised to take student financing to a new level and provide students with the opportunity to graduate from college without a huge student debt burden."

[keya5000] 23/11/2015 08:00

Sounds like it is near to generating revenue, note the use of the words. Just the right time to get on board by the looks of it, product developed and launched and the cash is needed to scale out and fund the product distribution. AIMHO.

-----


VEMO is currently in negotiations with a number of higher education institutions across the U.S. to put in place ISA programmes and deferred tuition plans.

[doodlebug4] 23/11/2015 07:56

Interesting, I will have to do some research as I know nothing about this company. How will the market respond?

[keya5000] 23/11/2015 07:18

RNS out, investment in us based education funder.

Looks interesting.