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Is this dog not dead yet. The sooner the better. Dilution destroyed my holding. Horray!!!!!!!!
Well apparently three guys turned down �100k on Dragons Den and walked away with nothing (last night?) so if their product is worth investing in - might be worth KIN offering �200k and see if they will bite :-)
Slightly disconcerting that they are looking at so many various business ideas, rather than one specific field. Sounds like the ramblings of a 15 year old boy who wants to be a fighter pilot, break dancing male model racing driver.
Possibly worth a punt as would not be cancelled from AIM until end of August 2018.. however, in what respect does the company have to then continue to work in those 6 months between being suspended and cancelled.. i.e. would they still have an obligation to it's shareholders? Otherwise why not just let the time run down to end of Feb and then release that RNS.. why have they released it now? Is it to either let people in or let them out?
The directors are obviously controlling the cash very efficiently. They must have sore wrists from milking it so effectively. Lol.
read this....The Company has considered potential acquisitions within sectors including messaging apps, online property services, VR, eSports and blockchain technology. It is currently in on-going discussions and continues to receive approaches from interesting businesses. now u regret selling? i might top up
The Directors' priority is control over the Company's cash resources which, at the date of this announcement, are approximately �800,000. Donald Stewart, chairman of Kin said: "In the three months since the new Board was appointed we have considered a number of innovative businesses interested in a reverse takeover of Kin. We will continue to pursue these opportunities during the suspension period and remain confident we will deliver a transformational RTO for shareholders before 30 August."
Confident of RTO ,??
Interesting anagram of CTAG and KIN - KING CAT, at least when I searched Google images I had a laugh at some of the dressed up furry creatures.
Yer its going to be interesting.With you mat not my usual investing strategy but now and again a risk must be taken.GL
Jilson, you are being far too hard on Donald, KIN hasn't blown �200k, the RNS from last years said 'raised new cash of �1 million (before expenses)', give the guy some credit, he's been doing an amazing job, a pure business genius, I have every faith in the company turning this situation around with his stewardship and shrewd business acumen, making us all millionaires. In case anyone was wondering, I was being sarcastic, this guy has to go and the sooner the better, that's the next RNS I want to see.
What will be the first question Donald asks on taking up his next job ...... "Would you like fries with that sir ?"
Maybe it's only 1 pence next week.Feel like baby crying.
2017 invest 5,000 pound and now we're left with 7 pound . imagine. It's a bloodsucking animal.
Good morning Lefk How are you doing? What are the charts saying about this? Cant help but think that if the RNS was announcing someone�s resignation and a credible replacement the SP would rally.
This is one of the worst companies in the world.
Good morning jilson and knigelk. Are Acker and Harry Barlow still around or have they sold up? just a thought �1M cash raised last November down to �800k. Pretty fast cash burn in 3 months!! Can't be that expensive reviewing offers/projects!! Won't be any left come August at that rate!!! The Directors' priority is control over the Company's cash resources which, at the date of this announcement, are approximately �800,000. Let's hope so! This has to be a gamble as investor's don't yet know what they are investing in! good luck
Joking aside Good luck to you all. Hope he pulls it off. Don�t think today is the day to buy at the lowest though. Imho Dyor FFS
Cough, Cough Ermm Cough Me and the boys have had a great few months hanging out. I know we didn�t actually achieve anything but it has been epic. And the good news? We only blew �200,000 this time! Good eh? So, cough, ermm, ermm We were thinking, ermm if we was to have another 6 months we could maybe ermm start doing our job and you�s will all be minted by August. Whatcha all think? Stay in? Top up? Go on, what have you got to lose?
My take on things. They still have 800k cash, and at current burn rate this will reduce to circa 600k i.e. 3.5p. If no deal this is returned to shareholders, so no one would be losing out at current price. If they pull of a deal which looks very likely given wording of rns and vested interests of board then many multiples of current price. Not bad risk v reward for 3-6 month hold. I expect the rto / investment to be made well before Aug.
RTO by Cloudtag? Then admitted back to AIM.. stranger things have happened
Or above opening price. Kin illness have always played funny games. Their interest and benefits always comes before their share holders. Let�s wait and see
Would never dream of announcing a load of rubbish 3months before calling in the administrators. Or would he? �"We are currently experiencing healthy interest in the Group's products with a continuous flow of enquiries and conversations with direct and indirect customers. Many of these customers are household names and the Board is in no doubt that corporate interest in health and wellness is growing. The Directors believe that this is an idea whose time has come.�
I am holding as well but considering everything it's nothing more than a punt I wouldn't say just because they are confident we should also be..we all know how things work in aim.
Well I think we can all agree it is now very high risk to hold now. At least you know the shares will be suspended and its up to the individual to decide whether they want money tied up for six months with a risk of losing it all or making a killing. Hope it turns out well..