Allied Minds Share Discussion Threads

[flyfisher] 28/4/2020 22:39

bobo, A potential problem of your calculation is that it assumes no internal changes in share capital at federated wireless in the time between the september funding and the more recent funding.

There will likely be a range of directors options and warrants.

You will notice that the undiluted increase in holding of 0.54% is exceeded by the fully diluted 0.8% increase.

This suggests that someone has converted an option in the time period.

[alasdair100new] 28/4/2020 21:41

What should usually happen is that any exit (assuming we have a product that works) will be above any of the previous raises which gives further reassurance that our current share price is a bargain. If you look at our main 4 now you have to be hopeful of at least £2 a share all in if they come off. That's a serious upside. It could well be much more than that too depending on market conditions. If spin can ever get off the ground then that's a recurring revenue source. It could even produce a dividend

[bobonumber1] 28/4/2020 20:49

The seeds would be diluted and the new investors given their % based on the valuation.

[bobonumber1] 28/4/2020 20:46

If none of the seed investors wanted to contribute and they had to seek outside investors then what % would that 13.5 milly have given them?

[bobonumber1] 28/4/2020 20:40

I don't think so.

[spectoacc] 28/4/2020 20:12

@bobo - are you not missing the additional money that went in? ie isn't the change in ALM's interest that's relevant, per se - they're just maintaining/not tweaking much their % holding.

[bobonumber1] 28/4/2020 20:03

Let's make it easier. If you pay $13.85 million for 1% of a company how much is 100% ?

[flyfisher] 28/4/2020 18:54

From interim accounts

Federated Wireless

-- Year formed: 2012
-- Date of last funding round: September 2019
-- Post-money valuation: $201.3 million

Add $13.7m additional funding, gives $215m

[bobonumber1] 28/4/2020 18:14

Give or take !

[bobonumber1] 28/4/2020 18:12

Previously Alm's fed % was 43% undiluted and 36%fully. Alm pump in 50% for series c funding $6.85 mill. Their Fed percentage now goes up to 43.11 undiluted & 36.61 fully diluted. So they paid $6.85 million for 0.61%That values fed at $1.2 billion based on last funding round

[flyfisher] 28/4/2020 17:40

Based on the last funding round federated is valued at $215m.

Federated funding valuation alone, plus cash at ALM equals 36.5p per share.

One would hope that they will ultimately get a premium for it.

[bobonumber1] 28/4/2020 16:00

What do people make the last fed raise at?My calcs 0.6% for 6.85 mill values Fed at 1.2 billion $ give it take

[spectoacc] 28/4/2020 14:29

Glad that doesn't say "Insolvency Practitioner" ;)

Thanks @flyfisher.

[flyfisher] 28/4/2020 13:23

hxxps://www.linkedin.com/jobs/view/logic-design-engineer-at-spin-memory-1832496975

[spectoacc] 28/4/2020 12:48

Recall nothing recent on Spin.

[taperkick] 28/4/2020 09:55

Anyone know what's happening with Spin Memory? There hasn't been an update to their News & Events page on their website for over a year and the careers link is broken.

[spectoacc] 27/4/2020 07:01

Thanks @flyfisher, interesting.

[buffettjnr] 27/4/2020 05:26

Let’s hope this doesn’t require more investment of Allied Minds cash pile

[backinblack80] 26/4/2020 23:14

Canny observations flyfisher. Let's hope the share price starts to gain some traction.

[flyfisher] 26/4/2020 22:08

Spark Insights appears to be expanding with job openings for product manager, software engineer and data scientist on linkedin.

Bridgecomm also is expanding with a few job openings on its website, and a collaboration with a french company.

Denver (Feb. 5, 2020)—BridgeComm, Inc., a leader in optical wireless communications (OWC) solutions and services, today announces a partnership with Cailabs, a French deeptech company and global leader in light beam shaping. Their shared intent is to propose joint offerings that will integrate solutions from both enterprises into systems that will significantly improve laser communications between space, airborne and terrestrial OWC solutions.........

I was of the opinion that the value here is in Federated and Spin memory, however these smaller investments also seem to be progressing and appear to be unaffected by covid19.

A large trade of 500k went through on wednesday, which seems to have cleared an overhang, things are looking brighter.

[bobonumber1] 21/4/2020 19:32

Schroders have woodfords preferred shares in Fed. Or they certainly used to.. They recently got rid of some of his unquoted.

[flyfisher] 21/4/2020 16:39

Shareholding has increased 0.8% on a fd basis.

They have invested on the same terms as the last funding round in september.

Is woodford still in federated or has a co investor bought their stake, GIC, SBA and Pennant were new to the game at the last fundraising.

[spectoacc] 21/4/2020 14:24

43%, what was it before? Surely they've put in another $6m & shareholding about the same?

[bobonumber1] 21/4/2020 10:40

Why not use cash in the bank rather than further diluting their share in Fed. Pretty bonkers. The bod really are a bunch of muppets.