Fastforward Innovations Share Discussion Threads

[doodlebug4] 24/3/2017 10:19

Trotters sounds positive at least.

kristini - I get your point and personally I don't pester companies with constant emails , but appreciate that perhaps some shareholders do!

[flagon] 24/3/2017 10:16

LingoMedia (LM) are in effect going to buy 50% of Schoold. Then LM and the remaining 50% of Schoold will merge to create a new company (NewCo). FastForward will then have an equity stake in this NewCo plus will have received cash for 50% of their current holding in Schoold.

Not too dissimilar to what FFWD did with Satoshipay/BluStar in that a current value is placed on the investee company whilst keeping an equity stake for potential further increases.

Just my thoughts.

[doodlebug4] 24/3/2017 10:11

www.lingomedia.com

There's the website. I've just had a look at Lingo Media's last set of published results which are rather underwhelming.

[trotterstrading] 24/3/2017 10:06

PRE MONEY VALUE! key is what will the combined investment be worth post money investment and stock split

[mustardmark] 24/3/2017 10:04

My maths may be wrong here but if we suppose new entity is CAD$26.2m (assuming new structure of entity is split 50% evenly on closing valuation of Lingo of CAD$13.1m), current FX rate of USD to CAD is 1.34 so therefore in USD terms valuation would be USD$19.55m. FFWD stake in Schoold after 50% split is now 6.15%, apply this to new valuation of $19.55m equates to $1.2m - less than we paid??? Poor deal if the above is correct.

[trotterstrading] 24/3/2017 09:57

Interesting. Shares in new company PRE-NEW MONEY. The valuation of the combined company after new money will enable us to value our stake

[martinwj] 24/3/2017 09:46

don't understand this RNS at all - not what was expected.

[kristini2] 24/3/2017 09:35

doodle- i guess if these guys responded to every query in their 'in trays' from various sources, and think how many different investment these guys are involved in,they would need to employ additional staff to deal with the matters

The share price value 'will out' will it not in time if the investments are profitable ?

I think they realise that PIs are impatient for updates that over the long haul make no long term difference to where the share price will ultimately end up over a 3/4 time period

[kenway] 24/3/2017 09:30

TIDMFFWD

RNS Number : 4566A

FastForward Innovations Limited

24 March 2017

24 March 2017

FastForward Innovations Ltd

("FastForward" or the "Company")

Investee Company Update

Schoold signs Letter of Intent with Lingo Media Corp.

FastForward Innovations Limited ("FFWD" or the "Company") is pleased to announce that investee company, Vested Finance Inc. (trading as "Schoold"), the developer and operator of the leading, mobile college marketplace app in the United States, Schoold, has signed a letter of intent with TSX-V listed Lingo Media Corp. (CVE:LM) ("Lingo Media") to complete a business combination (the "Transaction"). This follows the announcement on 3 January 2017 that Schoold had executed a letter of intent for a proposed recommended offer from another party. The 75-day exclusivity period under this letter of intent has now lapsed.

It is expected that the resulting entity, which will continue trading on the TSX-V stock exchange as Lingo Media, will also retain the name "Schoold" for use within the college marketing and counseling market.

The parties are working towards finalising a definitive agreement within the next 30 to 60 days with respect to the Transaction, which is anticipated to be a merger of equals in which shareholders of each party will acquire 50 per cent. of the resulting entity, pre-new money. It is anticipated that Lingo Media will complete a private placement concurrently with the closing of the Transaction. A further announcement will be made once the definitive agreement is finalised.

The Company has an approximate 12.3 per cent. interest (on a fully diluted basis) in the issued shares of Schoold. Schoold shareholders also include Silicon Valley and New York investment firms including Social Capital and University Ventures.

About Lingo Media

Lingo Media is a global EdTech company that is 'Changing the way the world learns English', developing and marketing products for learners of English through various life stages, from classroom to boardroom. By integrating education and technology, the company empowers English language educators to easily transition from traditional teaching methods to digital learning. Lingo Media provides both online and print-based solutions through two distinct business units: ELL Technologies and Lingo Learning. ELL Technologies provides online training and assessment for English language learning, while Lingo Learning is a print-based publisher of English language learning programs in China. Lingo Media has established successful relationships with key government and industry organizations internationally, with a particularly strong presence in Latin America and China, and continues to both extend its global reach and expand its product offerings.

The closing market capitalization of Lingo Media as at 23 March 2017 was approximately C$13.1million.

For further information please visit www.lingomedia.com

For further information, please contact:

[888icb] 24/3/2017 09:24

Let's hope they are so focused on delivering a multibagger and haven't got time to tell us what they are upto. It could after all be commercially sensitive to give a running commentary. Just let them get on with it and await the big news.

[monkeymonkey] 24/3/2017 09:14

i would of thought a sell?, mark it up so we don,t drop below 10p, just a thought hope i,m wrong and your right

[doodlebug4] 24/3/2017 09:08

A small tick up and no declared trades as yet, must be a buyer in the background.

Lauders, I've come to the conclusion that we are banging our heads off a brick wall regarding the company's poor PR. As you know, I sent Jim Mellon quite a comprehensive email just before Christmas with various concerns regarding the website, Twitter feed and general lack of info. I also emailed Josh Epstein - no response and sent over a question using the online form on the company website - no response. The Accountant, another shareholder, also posted on this thread that he had sent a query about the 75 day deadline on the Schoold deal and received no response. The fact that shareholders are not even given the courtesy of a polite response is a poor reflection on the company.

[cumbrian2] 24/3/2017 08:56

Do I eyes deceive me or is that a rare tick up I see??? Many more of those required in coming weeks please!

[rafboy] 24/3/2017 08:56

Blimey, a bit of blue but no trades showing.

[lauders] 24/3/2017 00:52

Flagon - Thank you from me too. An interesting piece but nothing we don't already know really.

I think the FFWD story is a fascinating one. Outside of the venture capital trust market, there has long been a dearth of vehicles investing in early stage businesses. Woodford Patient Capital’s launch helped address this, but there is room for competition and FFWD could fit the bill.

It will need to keep expanding though – its small size means its ongoing charges ratio is unacceptably high. I could not imagine investing in it while it is on a huge premium, but there are those who will think the potential upside justifies the price.

I think it is fascinating too, but in the end I hope the second part of the text I enboldened comes to pass!

FFWD, as mentioned in the piece, are lousy at their PR and keeping shareholders informed. We all know that and they need to look at this again and again until they get it right. Their portfolio news page (scroll towards the bottom of the link below) hasn't even been updated since June 2016! What's the issue? Don't they have the staff to maintain their website or they just can't be bothered? Their "blog" page is not worth having for the same reason, it is never used!



Come on FFWD get your PR act together please!

[doodlebug4] 23/3/2017 21:24

Perhaps you guys could ramp FFWD on one of the OPTI threads?

[bdog51] 23/3/2017 21:20

I'm in a similar position being about 11k up on opti and 7k down on ffwd. One day my ffwd holding will eventually turn into profit! Ffwd is my largest holding because I am impressed by the Investment strategy and the calibre of the BOD. I'm getting used to being underwater here, for many months now. That will change, hopefully!

[cumbrian2] 23/3/2017 21:00

Moormoney - OPTI is my second largest holding -just less than FFWD! Difference is I have made a lot more money there than here so far! Still have high hopes for both this year

[moormoney] 23/3/2017 20:10

O/t while we wait ..anyone else holding Opti? I've only just bought a few and so far good!!

[888icb] 23/3/2017 19:11

Our stake in BLU is 21.7% which we got in exchange for our stake in Satochipay.The value at that time was £382000. Satochipay has had some good press recently and our investment in BLU looks very promising.

[bdog51] 23/3/2017 18:47

I see there's been recent discussion on LSE etc about a possible reverse takeover of Satoshipay by Blue Star. This would be very good news for FFWD and give our NAV a further tick up. I don't think our stake in BLU is huge, but every little helps. Any thoughts on this from our resident BLU investors perhaps?

[mustardmark] 23/3/2017 12:32

Good find Flagon, thank you. I'm also invested in Patient Capital via my SIPP - I would say that Patient Capital is leaps and bounds above FFWD for keeping investors informed on what's happening to the portfolio and their rationale behind their investment choices, some may argue that they have more resources and bigger teams but then again, they have a lot more investments than FFWD. Conversely, in common with FFWD, a lot of private investors obviously didn't read the prospectus and expected immediate profits - some very heated discussions about unlisted companies timescales to IPO/profitability and references to the word 'Patient', makes me chuckle :)

[tenniselbow] 23/3/2017 12:28

What is the correct amount of shares in issue

[moormoney] 23/3/2017 11:55

Thanks Flagon as db said it is good to read a positive article on FFWD.

[cumbrian2] 23/3/2017 10:33

Good article Flagon ..... but his assumptions on '' 60% uplift on current NAV'' are clearly wrong as he mentions ''todays price'' as 13.2p. I suspect he would have been a little more enthusiastic if he had used todays actual price of 10.125. which is only approx. 22% uplift against NAV.