Fastforward Innovations Share Discussion Threads

[doodlebug4] 13/7/2016 16:03

Cheers k. I try to be objective about this company and it isn't easy at times, but I have voiced criticisms in the past.

[kristini2] 13/7/2016 15:00

doodle

thankyou for your constructive post doodle

I guess Flash has a position in FFWD and does not like any post that fails to endorse his view that the share price should head up ! A sure sign of a investing loser !

K

[moormoney] 13/7/2016 14:38

The last blog from FFWD indicates the potential of their investments for those with patience to hold. A holding in yootube or google is now worth a fortune and yes they are anticipating a similar payback in the value of the companies they are backing as the rate of growth is phenominal in all of them. Db has done some detailed research in the header to show how far FFWD have developed in a short time.
To me it is worth waiting and adding to my holding whenever I can at bargain prices.

[doodlebug4] 13/7/2016 14:34

From Lorne Abony's statement on May 24:

Performance and valuation
The Company’s Net Asset Value (“NAV”) per share stands at 7.85p per share compared to 1.69p at 31 March 2015. More importantly, our share price moved from 6.5p per share at 31 March 2015 to 15.375p per share at 31 March 2016, and we have consistently traded at a premium to NAV. In my view, this reflects that our shareholders understand the potential locked up in the Company.

The portfolio of investments is entirely comprised of unquoted start-up companies, all of which have been acquired during the year. Initially we have deemed the fair value of the investments to be the cost of acquisition unless there is an event or factor, as defined under accounting standards, which causes the Directors to consider that another measure of fair value should be used. No such events occurred before the year end, so, although I see potential in many of our investments, no uplift in value has been recorded at this time.

[kristini2] 13/7/2016 13:34

note my comment and read the post FH; 'if accurate' is not indicative of any presumptions

[flashheart] 13/7/2016 11:49

Since when has NAV been strictly adhered to in an investment vehicle such as this.VCT and start ups are generally valued at a considerable premium based on enterprise value and future growth.I would suggest you at least do a little research here particularly on the investee companies Yooya, Vemo and Leap Gaming rather than making inappropriate presumptions.

[kristini2] 13/7/2016 11:26

cash and net assets estimates circa 0.8P, if accurate could easily fall lower

[kristini2] 12/7/2016 18:35

Gents

Any idea of cash in hand, and net asset value here please

K

[bdog51] 12/7/2016 11:06

Nice one tennis.

[bdog51] 12/7/2016 11:06

I thought that too moormoney! It was clearly a very positive RNS. Tremendous backing for Schoold and massive confidence demonstrated for its future by some top investors.Good to see some news flow starting up here again too..

[tenniselbow] 12/7/2016 11:00

Just bought another 100,000 shares

[moormoney] 12/7/2016 10:57

Strangely quiet after the rns this morning. Our time will come!!

[bared_bones] 12/7/2016 10:20

Any idea when you're going to post on Prox again lol!

[flashheart] 12/7/2016 07:49

Any idea how much of existing raised funds are left after this further investment in Schoold? Twelve percent a decent stake to have as well!

[monkeymonkey] 12/7/2016 07:22

FastForward Innovations Limited

12 July 2016



FastForward Innovations Limited



("FastForward", the "Company" or "FFWD")



Acquisition of additional 5.1% interest in College & Career Counselor App "Schoold"





The Board of AIM-traded FastForward is pleased to announce that FastForward's portfolio company, Vested Finance Inc. ("VFI"), an education technology provider trading under the brand "Schoold", has successfully raised additional funding of US$1,550,000 in a Series Seed-2 Preferred Stock ("Series Seed-2") financing, with significant participation from major Silicon Valley venture capital funds and other investors.



As part of this funding round, the Company has today subscribed for 798,374 shares of Series Seed-2, representing a 5.1 per cent. interest (on a fully diluted basis) in VFI, for a total cash consideration of US$700,000 (the "Subscription"). The Company has funded the Subscription from its existing cash resources. FFWD's investment of US$700,000 brings FFWD's total per cent. ownership in VFI, including its prior investment, to 12.3 per cent. (on a fully diluted basis). VFI may raise up to a total aggregate amount of $3,000,000 over the 90 day period following the closing of this funding round.



The valuation of VFI for the Series Seed-2 financing is US $12,225,000 pre-money. The terms of this investment are substantially similar to those of FFWD's previous investment in the Series Seed-1 Preferred Stock of VFI (see FFWD's announcement dated 26 January 2016 for additional information), including VFI's representations and warranties to investors and the voting, liquidation, anti-dilution protection and other rights of the Series Seed-2.



Additional Investors:



In addition to the Company, other Series Seed-2 investors include some of the most recognized and successful firms investing in the education technology sector, including Social Capital, University Ventures, Learn Capital, and Professor Joe Grundfest of Stanford Law School.



Commenting on the transaction, Lorne Abony, CEO of FastForward noted, "Schoold's progress these past five months has been nothing short of spectacular and it is no surprise that others have taken notice. The new investors in this round are some of the most successful venture capitalists in the world, including some of the best minds in both education technology and early stage investing. I expect these new shareholders will prove to be tremendous additions to the Schoold team, and, by extension, FastForward and its shareholders."



Schoold update: Achievements since original FFWD investment



VFI has provided the following update:



Since FFWD's last investment, Schoold launched globally in March 2016, and has since quickly become the market leader in iPhone and Android app store rankings (#1 in college search), user reviews (4.6 out of 5.0), and total installs, recently surpassing 1,000,000 total installs.



Prospective undergraduates in three months have collectively engaged with content over 2.3 million times (e.g. via swiping), checked over 10 million college statistics, and viewed over 2.5 million university or college profiles within the Schoold App. Additionally Schoold has achieved significant improvements in unit economics and engagement since launching in February, including:



1. Cost of domestic (U.S.) user acquisition has declined from over $2 per user to under $.70 per user, thus matching already low CAC trends for international users;



2. Organic (unpaid) installs has increased from below 100 per day to over 1200 per day as of June 2016; and



3. Monthly active users have grown from less than 2,000 on iOS to over 50,000, and monthly active users on Android have sustained at levels of 55,000 as of May 2016.



Related Party Transaction:



Mr Lorne Abony and Mr Stephen Dattels, directors of the Company, are interested in approximately 60 per cent. and 5 per cent. respectively of the outstanding stock of VFI prior to the Subscription. Accordingly, the Subscription is a Related Party Transaction under Rule 13 of the AIM Rules for Companies ("AIM Rules"). Mr Stephen Dattels interest in VFI is held by Regent Mercantile Holdings Limited ("Regent Mercantile"), a company owned by a trust under which Mr Dattels is a potential beneficiary. Mr Ian Burns, also a director of the Company, is a Director of Regent Mercantile so is also not regarded as independent for the purposes of the transaction.



Accordingly, Mr Jim Mellon and Mr Bryan Smith are the independent directors of the Company for the purposes of the transaction (the "Independent Directors").



The Independent Directors, having consulted with Peel Hunt LLP ("Peel Hunt") in its capacity as the Company's nominated adviser for the purposes of the AIM Rules, consider the terms of the Subscription to be fair and reasonable insofar as the Company's shareholders are concerned. In particular, the Independent Directors noted that:



1. the Subscription is being done on the same valuation as the investment round completed on 26 January 2016, which was supported by a 3rd party valuation report by a California based, technology focused, experienced firm of independent valuers;



2. Schoold's operational and financial performance has exceeded expectations since the January 2016 fundraising round was completed; and



3. also participating alongside FFWD in the Subscription, on the same terms, are three highly credible professional investment firms who have backgrounds in early stage educational technology and who have undertaken due diligence into this investment opportunity.

[doodlebug4] 09/7/2016 08:23

SatoshiPay
@SatoshiPay
Jul 7
@MirkoKra We will soon make Bitcoin nearly invisible to the user and accept standard payment methods, news upcoming

[moormoney] 08/7/2016 23:04

Yes lauders that's the one FFWD is spelling it out for us IMO. Patience for a few years while the investments grow, I like the examples of yootube and google etc!

[doodlebug4] 08/7/2016 17:54

FastFwd Innovations
@ffwdinnovations
36m
German engineering giant Siemens makes a billion dollar vote of confidence in blockchain ow.ly/kga4301JlT5

[doodlebug4] 08/7/2016 14:34

Trotters, it's partly because these guys look after their pennies that they are millionaires in the first place!:-)

[lauders] 08/7/2016 14:23

You mean this moormoney?

[flashheart] 08/7/2016 12:09

Yes when the likes of Yooya, Leap Gaming and Vemo reach full or near full potential, this is going to be a big stock to hold. Get in now and enjoy the ride.

[moormoney] 08/7/2016 12:06

Update on the Ffwd blog this morning cheered me up. Huge potential !!

[trotterstrading] 08/7/2016 08:24

DB.. Do you seriously think the placee's follow the share price that closely? These guys are multi millionaires and here for the ££'s not the pennies. And so am I :)

[moormoney] 07/7/2016 22:53

Yes Db they probably will. FFWD have stood up to the rocky markets quite well until now and I think any good news will get overlooked in the turmoil so better to wait until things have calmed down. Ive added over the last weeks and am well underwater but I'm not concerned and expect business as usual on the next series of announcements.