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Pascha- I really hope the 27th March date given by the CFO wasn't just a ploy to buy more time. That date was the 6 month mark from when the last batch of shares hit the market. The shares for the recent equity raise were admitted on 27th September 2018, as announced on 24th September 2018. This gives FLFL until the 27th March 2019 to complete the second investment.
They have until next Wednesday 27th March.
Jambon- you talking about the day when this went up a whopping 3% and was immediately sold into & has been sold into ever since? Nice one!
There are clearly two camps of thought here.
The camp of Jambon that states the deal will be finalised on or before March 27th.
The second camp of seasoned more experienced investors/ traders are not convinced with the current price action or credibility of the management to deliver.
If you are right Jambon- I will eat the biggest slice of humble pie ever & will forever be indebted to you.
Paschal ..i agree. .. subject to certain conditions and regulations approval with the selling of shares means it ain't looking good. ...chancers your probably better just keeping an eye on things for any invester sentiment change. ..not buy in. .. just my opinion.
What large sells?? You are pointing out trades that have a value of 6k and 24k, they are very small trades, you are linking trades with a tiny value to "someone knowing something".... Its rediculous...
You always link the silly little sells with someone "in the know" but then on the flip side when we had that rise the other week or any big buys for that matter you never link it with "someone knows something"... In fact you are nowhere to be seen on any rise.... Funny that!!
Id bet that who ever was buying the other week knows something.... The whole day was full of buying
Whether you like it or not now is the time for koovs, they have investment value never seen in one go and they have the backing of people who make real money and wealth!
WONT BE LONG.... MARK MY WORDS!!
Ok Jambon- I will correct my mistake, signed BUT SUBJECT TO THE SATISFACTION OF CERTAIN CONDITIONS.
SO IT IS NOT A DEFINITE LIKE YOU MAKE IT OUT TO BE BECAUSE NOBODY KNOWS WHAT THOSE CERTAIN CONDITIONS ARE!!!!
Why won't you answer my question about all the large sells just days before this earth shattering news?
Why do you just want to argue? We're all on the same side, we're all shareholders with an ultimate goal, trying to find out what the heck is going on.
Putney can you please correct your mistake and admit the deal/agreement is signed.... Thanks and good night
September 2018
27 September 2018
Koovs plc
("Koovs" or the "Company")
Future Lifestyle Fashions Limited signs subscription agreement to invest additional funds between £9.5m to £10.5m
I suggest you read the sept rns and not the july one...
The one which states the AGREEMENT IS SIGNED!!
THE DEAL/AGREEMENT IS DONE/SIGNED..... THATS A FACT....
I am stating facts..... You are posting horse manure....
Im sure you said this would be 100p by april??
Jambon- from the 19th July rns, 'FLFL has CONDITIONALLY AGREED'
That means that there are CONDITIONS!!!!!
Stop misleading people saying that a deal has been signed- stop lying.
The deal will be signed once conditions have been met. A bit like buying a house. The checks are all done before you sign.
Have you just got into trading/ investing?
So putney is giving me a lesson on whats a couple/few/several....
Then says the 27th of march is a few days away... Lol since when was 8 a few?!
ROLL ON THE RNS TO SAY THE SHARES ARE LISTED!!
THE DEAL IS SIGNED SO ALL WE ARE WAITING ON IS THE SHARES TO BE LISTED.... WONT BE LONG...
Pascha- the March 27th date was not rns'ed, but Koovs have emailed certain shareholders- I have read the email, that March 27th is the 6 month deadline. I don't know
I am just baffled seeing all these chunky sells prior to such big news.
Do you think the deal will happen & who would be selling such a large amount now?
Jambon, I've missed the last 2 AGMs. So you have gone from several, to a few, to a couple- well done.
Now instead of spamming the board with your petty rubbish- try answering what I said earlier.
With only a few days to go to the 27th March deadline- why all the selling & virtually no buying?
Since we last spoke, there have been sells of 333,097 & another 75,000 sell.
Don't you think this is worrying?
As I have said before, if there is bad news in the next week, with this selling happening now- I will be taking this further.
Nah no crossfit Spencer... Iv done weights and a few other bits and pieces since i was in my teens...
Took me a minute to gather why you said that!
I see someone does CrossFit Jambon?
Chancers.... Take a look at what flf are saying....
https://twitter.com/Jambon46107218/status/1104416096483004419?s=20
Putney did you just tell me to listen carefully to what you are typing?
You were banging on about being a large long term holder back in dec 2016 so you have had plenty of chances to go to a few agm's...
Ill place a bet you wont be at this years either...
Thank you olliebee, Starting to make sense
Well it's absolutely a no brainer providing it's going to plan. ... usually shares move up a few days or a week before the rns . ...is it going to plan. ..the market is saying so far it's not going to plan but the next week's trading will tell. ...
Great post Ollie- but with the impending 15p per share having to take place within a week, why do you think there is so little interest?
I am baffled to see sells & virtually no Buys. Surely it's a no brainer, unless things are not going to plan.
Are you for real Jambon? You have never met the BOD of any company before? You never been to an Investor presentation before. Have you just started trading??
So what if the CFO answers questions- acting as the company secretariat- that's his job!
Now stop disrupting the board & either answer the questions or keep quiet.
In answer to your question chancers...
Koovs are not buying shares on the open market, they are injecting cash into the business because both Koov and FLF know that Koovs needs cash to sustain their marketing and brand building operations, which are key for Koovs.
Koovs is part of FLF's online strategy to sell their premium brands (Cover Story & potentially others). Koovs is also going to run a platform for FLF's less premium brands in return for a fee. This will provide FLF with a sales channel for the brands not suited to Koovs.
For Koovs the deal is a way to raise the necesary capital to finance the brand building, one alternative would simply be to issue bonds, on which Koovs would pay interest on. However, both Koovs and FLF understand that they both would benefit far more from this partnership.
FLF see the value in Koovs far beyond 15p, and they understand that Koovs needs capital to get there. FLF are also gaining from Koovs online and digital expertise.
Forgetting all of that, and let's pretend FLF don't see any strategic benefit from a partnership, and instead they just want to buy just to illustrate why not just pay 7p.
Firstly, if FLF just went to buy 69 million shares from the market, Koovs wouldn’t get any additional cash, the seller of the shares would get the money, and Koovs would get nothing. FLF know that Koovs needs cash injections as part of Koovs’ 5 year strategy – which FLF were aware of when they bought the initial shares last year.
Secondly, assuming FLF just buy from the market. Koovs is an illiquid share. They might buy the first 5 million shares at 7.5p, but the next 5 million would cost 8.5p, the 5 million after that would be 9.5p, and so on. Once holders start to see what’s happening, the price will suddenly become 20p, because why would anyone sell at 10p when they can wait and sell at 15 or 20p?
I’m personally holding and I’m long Koovs, but if I wasn’t invested and on the fence, even if I didn’t go all in I’d start to build a position.
' you have had several chances to go to agm's '
What are you making up now? I have not been a holder for several years!!!!
The 'a' in agm means annual!
Now listen carefully. I know that you are pretty new to Koovs & are pretty naive to all this, but if you're not capable of conversing for whatever reason, then don't get involved. It's clear that you are out of your depth/ comfort zone when dealing with the big boys.
I have asked some sensible questions on here which you just can't answer.
Iv said this before as well - you have had several chances to go to agm's yet you haven't attended one?
The agm in the shareholders chance to see the board of directors so you missed your chance by not attending, that is the same with any listed company...
Why the hell would the bod of any company meet a few private share holders lol?
All i can say is the cfo regularly replies to emails as long as you are polite and ask questions that he is allowed to answer....
So they are going to pay 15 p for koov shares at the end of the month while the shares are 7p. ...yeh right. ...was it not agreed when the shares were much higher. .. anyway being deluded does not work in this game. ...
Jambon- I have stated this before & I will state it again. Koovs were not interested in meeting shareholders. They were also not interested in any kind of roadshow/ investor presentation.
In fact they aren't really interested in any kind of interaction with shareholders- which is why I have very little regard for them