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Why would you sell after so much buy interest yesterday
Patience is a virtue they say
One swallow does not make a rainy day
TTP
Yesterday was another nothing day in a long run of nothing days in a share which has lost over 90% of its value with a CEO who appears to have gone AWOL. Does that help?
If there was money in nothing then
Kibo holders would have nothing but riches!!
Fair comments I concede
Look forward so much to a sentiment change
TTP
I see KAT is getting trounced. I wonder who could be selling there to make their quick 100%........
Could it be the same 'investor' that appears to be making an awful lot of money out of KIBO too? Buy on the cheap with placings and warrants. Charge huge fees and interest rates on loans which often recoup a large part of the capital. Forward sell placings before they happen. Ignore rules about notifying holdings changes. Rinse (LTHs) and repeat. That one??
bcl The analysis of you and JD has elements that I agree with and elements that I am not convinced by. I've been thinking about the core of where we differ and I wonder if it is that my philosophy as an investor is that while I must learn from past mistakes to dwell unduly on the past may be to avert my gaze from future opportunities?
KIBO for all its imperfections and faults which you clearly point out still imo remains a stonking opportunity.
Sadly I didn't sell at 6p but ho hum.
Hello Dave. I think KIBO is without doubt a future opportunity. I think new investors could do very well and see multiples of the current 0.5p. Both the biggest potential and risk here is LC. I am sure we both accept that there have been some serious shortcomings seen here in the past and that there has to be either a small or large question mark over LC in terms of his ability and his credibility. LC's evident penchant for unplanned huge placings for minimal cash mean that a 'successful' KIBO with a short term market cap of say £100m could easily have 5 billion shares and a corresponding SP of 2p. Even a mere 3 billion shares sees a SP of only c.3p. If we can generate a business with a value of £100's of millions then we could see happy days. I suspect most LTHs will have fled well before that though given the history here. Is that fair?
What is unfolding at KAT is what unfolded here, the usual LC pish of ‘we have no plans for a placing at this time’ was replaced with ‘this will be financing at a project level it’s not dilution at company level’ for KAT and low and behold he goes straight for the PI Shafting in throwing shares about at a massive reduction to his mates, he really has turned into a piece of work.
JD
@JD, it's years since I heard or read that wonderfully descriptive phrase '' the usual LC pish'' although not with the initials in the phrase. LoL!
that's absolutely fair comment bcl and JD.
What I think is that very few men in LC's position could have avoided KIBO entirely failing bearing in mind events over the last 3 years.
Also while the funding arrangements from our perspective look like a rip off they were imo probably all that was on offer.
And needed for KIBO to continue to survive!
OK the pigs in trough warrants....I'd have done the same in their shoes.
Now not only have we survived we still have huge potential.
Some may say LC has worked miracles.
I am afraid I really don't agree with your warrants stance and there are serious questions to be answered as to why LC did not see the Tanzania situation coming way before he finally did. I would say LC has had to work hard to sort out his own mistakes whilst rewarding certain investors.
that's a valid point of view bcl. Its been a useful debate to hone in on the points on which we differ.
I suspect looking at the RNS record that LC was only too aware of the possibilities of a Tanzi disappointment before it became official and was behind the scenes and eventually up front putting alternative strategies into place.
No one likes the warrants, no one like dilution.
Here's a question though if you had the money and the opportunity would you have taken part in the placing at 0.4p (or whatever it was) and been happy with some warrants at 0.8p / 1p? Your basically putting your capital at risk on the promise of future reward.
OK they can churn placing shares but we have all had the option to buy at 0.4p and sell at 0.5p. It may never get to 0.8p.
So they may have been rewarded but they have taken some risk
As for director buys at this level whose to say they couldn't find anyone else to participate or it was a precondition for others that the directors got their wallets out. I've never been a fan of director buys at any level as it either raises expectations or generates resentment. Clearly its a lot easier to time a buy when your in charge of the company.
Anyway .... stay safe one and all.
I would say that if the CEO thought he was taking a risk buying shares at their lowest SP less 25% he is in the wrong job.
This is the same CEO who was constantly telling us the company was undervalued at 5p and multiples of the market cap at the placing. He can’t have it both ways.
I bought a chunk of shares the previous day at 0.6p as I thought it couldn’t go any lower and still thought the CEO was on the side of PIs. I have also bought since at 0.43p to lower my average. We are in serious trouble if the CEO thinks it was a risk at 0.45p plus 1.5 times in warrants over the next 3 years. If he wasn’t jumping for joy he must think we have a good chance of going completely down the pan.
I can feel I am going to have to buy more
All this bearish chat is whetting my appeptite
TTP