Fastforward Innovations Share Discussion Threads

[doodlebug4] 04/7/2017 10:09

Factom‏ @factom 15h15 hours ago

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[lauders] 04/7/2017 02:29

Well PulseFlow did stick to their word and let me know that they will update their website this week sometime but in the meantime wanted me to know that they won the AVDC Business of the year award they were up for on 30th June. It is on twitter (not my favourite), see the last link, but here is a link to the event page which still doesn't show the results!



Re: the results. As I mentioned in a previous post the Finals were released in May 2015, then June 2016 and now we are still waiting in July 2017. FFWD know that investors follow trends and that results are expected so to keep us waiting without proividing a specific timeline is poor form and hardly transparent. If they want loyal shareholders they should respect them and keep them posted. As DB4 says, the newsflow has reduced, not improved, since Lorne came into the picture.

[888icb] 03/7/2017 20:56

The problem with the final results is it is difficult from an accounting perspective to recognise increases in value from the purchase price in unlisted investments unless a major event occurs such as raising further funds at a higher price. A lot of investors don't seem to understand this and are disappointed with the NAV.

[bdog51] 03/7/2017 18:57

Thanks db4, I was hoping for the results before end Sep. Oh well, by then we might have some more positive valuations to be reported on, we live in hope..

[doodlebug4] 03/7/2017 18:28

The company has until the end if September to publish the Final Results, bdog, so I wouldn't hold my breath -----. Last year we were provided with news and updates on the progress of the companies in the FFWD portfolio on a monthly basis and we don't even get that now.

[bdog51] 03/7/2017 18:20

Most of my AIM stocks dropped today. FFWD is about the only one that didn't! That said it's fallen quite far enough now, what we need is a healthy rise. Just for a change..

[bdog51] 03/7/2017 18:18

Whilst I do appreciate an RNS this morning from FFWD providing an investee update on Schoold, it'd have been even better IMV if they had dropped a hint about when Results will be published. I'm very keen to see the results as it should help to quantify progress being made across the portfolio. Perhaps the delay is due to the fairly large number of investee company updates that need to be obtained and consolidated into the one bumper report. I sure hope it's worth waiting for..

[888icb] 02/7/2017 13:45

We have all been taking Jim's word for it for sometime as he wrote the book 'Fast Forward ' and got this show on the road! Jim and Lorne have their own money at risk here. I am sure they are doing their job and will bring us share price changing news as soon as they can do so.

[doodlebug4] 02/7/2017 11:27

Lauders, thank you for your info. No doubt Lorne is a very smart guy, but at the moment we just have to take Jim's word for it! The share price on the long term chart doesn't look very smart right now.

[lauders] 02/7/2017 00:43

I sent another e-mail to Lorne and Jim about the lack of any update re: Lingo and also asked when the results are due. Most companies provide an RNS guiding investors when their results are due. BUT, we are talking about FFWD here!

Jim did have the courtesy to reply but it was brief and no mention was made about the results, having asked at least three times before as well. He simply stated (re: Lorne):

He is a very smart guy and I am sure we will be pleased.

Make of that what you will. I suppose patience will be rewarded it is just hard for me to continue being patient but I have managed to hang on so far. It has been tough!

PS. I have also been in touch with Les at PulseFlow. Got to say he is a decent person from what I can see and I asked him about the lack of updates on their website etc.... He said he will add some news next week. Let's see.

[doodlebug4] 01/7/2017 17:31

I've checked back the news releases about FFWD's investment in Schoold and confirm the figures in the header are correct. As far as the latest delay to the finalising of the Schoold/Lingo Media deal, I think it would be better if in future FFWD didn't state specific deadlines and I share everyone's frustration and disappointment.

[lenses] 01/7/2017 14:09

Hi FH

I took that 12.3% fig from the 22/6 RNS:

"The Company has an approximate 12 per cent. interest (on a fully diluted basis) in the issued shares of Schoold. "

and assumed DB's fig above was correct.

Initial Schoold investment was indeed $1.0m, acquiring then 9.1%. 26/1/16 RNS. FF added later I believe.

Cheers.

L. Fully concur about the potential for Leap and Yooya btw.

[elbillo] 01/7/2017 11:42

From the HeaderINVESTEE COMPANIES % & INVESTED AMOUNTSLeap Gaming: 41.15% US$3.5MYooya Media: 15% US$1.9MVemo Education: 12.5% US$1.5MSchoold: 12.3% US$1.7MMoon Active: 5.9% US$500,000Diabetic Boot Company: 4.9% £347,324Nuuvera Corp: 4.7% C$3MFactom: 3.64% US$400,000Intensity Therapeutics: 3.5% US$500,000

[flashheart] 01/7/2017 10:58

Someone also recently posted some figures (albeit unofficial) regards Moon Active recently which looked interesting.......not sure who and when now though.

[flashheart] 01/7/2017 10:56

Still the two most interesting are the 15% stake in Yooya at a cost of $1.9m and the 41.15% stake in Leap Gaming at a cost of $3.5m. When these two eventually float (Leap Gaming very soon (we still hope)), they only need to be assigned a value greater than $12.7m and $8.5m respectively. Both of these should be well in excess of that now and therefore multi baggers. The wait is excruciating though.....

[flashheart] 01/7/2017 10:48

lenses, as far as I remember/understand, the original stake in Schoold was indeed 12.5% but its cost was $1m not $1.7m.

[lenses] 01/7/2017 10:42

Tnx Lauders.

From update:

"..working towards finalizing a definitive agreement
with respect to the Transaction, which is anticipated to be a merger
of equals in which shareholders of each party will acquire 50% of the
resulting entity."

Lingo Mcap on Fri was C$10.126m = US$7.81m. From that and the above is it logical to say that this puts a valuation on Vested Finance (Schoold) of $7.81m also?

FMU FFWD acquired 12.3% of VF for $1.7m. 12.3% of $7.81m is $0.96m.

Am I missing something or using incorrect data? Is the 12.3% out of date?

Tnx anyone?

L.

[lauders] 01/7/2017 06:20

So you are saying that FFWD don't communicate with their investee companies and shouldn't time their public announcements so they are in sync! Seems like a definite LACK of communication between FFWD and its investee companies and I will certainly "slag them off" if they can't appear to get their act together. Perhaps they should try talking to one another more and agree on a specific release date/time before one does it one way and the other does it another way.

EDIT - Especially when FFWD know that the market is expecting news on a specfic matter like this one! Still a poor show on FFWD's part IMO. It is obvious they don't care about their investors. Previous posts also show that some investors don't like that fact.

[888icb] 01/7/2017 05:22

Can FFWD issue news about a company before the company itself does so? Does it actually know the news until it is released by the company? I think not and shareholders should live in the real world and not slag off the company for simply playing by the rules.
We don't control the news and can only report it when it actually happens.

[lauders] 01/7/2017 02:13

From the LSE BB thanks to "Midas3316":



TORONTO, ON and SAN FRANCISCO, CA -- (Marketwired) -- 06/30/17 --
Lingo Media Corporation (TSX VENTURE: LM) (OTCQB: LMDCF) ("Lingo
Media" or the "Company"), an EdTech company that is Changing the way
the world learns English, and Vested Finance, Inc., the developer and
operator of the leading, mobile college marketplace app in the US,
Schoold ("Schoold"), have agreed to further extend the term of their
previously announced letter of intent ("LOI") regarding a business
combination between Lingo Media and Schoold (the "Transaction") until
July 31, 2017. The extension is required to provide sufficient time
to complete the definitive agreements between the parties.

Seems Lingo's PR and shareholder values are much more superior to FFWD's opinion of their investors. Well done Lingo and poor show FFWD.

Also spotted this from the LSE BB courtesy of "doggo":

[bdog51] 30/6/2017 16:19

In the early days of FFWD it felt like we were getting news almost every day. How things have changed. That said, Lorne has no control or influence over the Leap IPO. That's anybody's guess right now. It would have been nice to know when to expect the results though.

[888icb] 30/6/2017 16:16

We have been here before concerning deadlines. The reality is that FFWD are just investors in the companies we are discussing. They can't control the timeframe and to give updates on deal progression could be commercially sensitive. Patience is required and confidence that the board will do their job and tell us when they can.

[moormoney] 30/6/2017 16:16

I don't blame you Roofer, I have slowly reduced my holding and now just hold a few.
If some spectacular news dropped I will at least have a small interest but after a great start last year L A has failed to support his shareholders and confidence has dwindled away.

[rafboy] 30/6/2017 16:14

Thanks for response Lauders. Yes, should have been a big week but instead a damp squib.

Roofer, can understand your frustration, we can only hope for something in the next few trading sessions.

[roofer2] 30/6/2017 16:07

well today my faith in the BoD snapped, I've now started to offload my holding, selling week by week just invade some news comes but little hope of that, the question now is, "is investors money being used to support BoD own private investments"?
Gla

R2