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Alli the sneaky person that should say
Sr, or can i call you pascha?
Anyway regarding flf trying to let this fold, if flf tried to let this fold by holding back funds it would be pointless....
All the sneaky person that he is wouod own the whole company if it folded as he is first in line with his loan note.....
Welcome back SR LOL!
Of course Koovs won't fold. FLFL have too many tie ins & will lose a lot of money, as will Lord Alli.
Kishore & Rakesh Biyani have sat back & seen what this lot are capable of. I can see the CFO & CEO replaced very soon.
It was confirmed at the recent AGM (I was there) that Koovs moved to a bigger warehouse recently, which shows they're expanding order wise.
The CFO also confirmed they're in line with market expectations and he also confirmed when they say in line with market expectations the market expectations are based on the Hardman & Co report. If they weren't trading in line with market expectations then Koovs would have to RNS it.
FLFL need Koovs as much as Koovs need FLFL and Koovs are currently manufacturing a new brand for FLFL called Chelsea King.
3 Weeks before the last trading update the SP touched 5.80p and rose up to 8p as people bought in ready for the trading results. I can see the SP being 7p come results day.
Possibility that if future group know Koovs will fold without the funding they could take a calculated decision to withhold it and pick up the pieces of Koovs they want on the cheap?
It's a fact only £25000 subscription and the balance always deferred, I hope I'm wrong
Amazon told biyani to **** off that turd known as koovs lol....
Not convinced they had a windfall, they had a reorganisation, and raised some cash, on the positives side amazon would have done due diligence
Great price to buy in or top up
Flf are not short of cash..... They had a windfall recently.... Koovs are short of credibilty though which flf will leverage to the max!
5.88 to sell today...
Koovs have done us all over
Ever considered that FLF is short of cash, wouldn't be the first Indian company to be a house of cards
Chinner have you had confirmation frim the company what "market expectations" are for this year?.
I think they have been very sneaky by not releasing their own specific guidance like other companies do....
The issue we have is the ceo will do anything she can to keep her job as she has a lot of share options to keep hold of and we have a CFO that is massively overpaid with 175k per year plus a load of share options...
The way this company is making losses i would not be surprised if these clowns inc Waheed are taking huge expenses as well
I wonder if Mary travels economy or business class to india?!
Chinner- since IPO, Koovs management have put profit forecasts back year after year. They have always over promised & under delivered. So forgive me if it comes across that I don't trust them.
pthc- what are the many reasons for only receiving a paltry £250,000 in funding? I actually thought that there had been a typo!
Black Diamond- I agree about the CFO getting £175k being questionable considering the performance of the company. Kishore Biyani could provide a whole team of accountants for that in India. This CFO hasn't bought a single share- that's confidence for you!
It's not only long term holders like myself who have been shafted here, but recently, many shareholders bought at 15p through the placing via Optiva Securities. They were sold a dream & some have now sold at huge losses.
Putney, the RNS hasn’t happened yet and your already talking as though it’s going to be negative rather than positive, they have already said they are in line with market expectations so if they back tracked now 3 months later then from an investors point of view would be very bad, Ali wouldn’t want this to happen, let’s see what the Oct RNS says. As we know here even if it’s positive some will post negativity, and the share price will probably go up 20% get sold into and eventually a week later end up where we were before, when I invested here I knew it was a slow burner, this will either be massive or Biyani will get it cheap. I’m in now and to big a loss so hope for it to be massive in 2/3 years.