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Great…
Not surprised in all honesty
Snippet from the RNS:
“Kibo will in turn unlock significant shareholder value via the IPO and also add another significant potential revenue stream to its continuously increasing number of current and future diversified revenue streams.”
Significant shareholder value? Hard to believe on this continual decline. Maybe Laguna knew something us mere PIs didn’t.
“This has got write off written all over it unfortunately, caveat emptor.”
Strong buy waffle talking LagunaB sold out and he was possibly the most rose tinted of them all so maybe you’re right.
There is one more pump here then it’s time to leave.
“Balls deep since 2013? And you are calling other posters naive!”
Quite
Well again that’s not strictly true is it, they can issue shares up to the maximum headroom, and it’s over and above that they need authority for.
Balls deep since 2013? And you are calling other posters naive!
This has got write off written all over it unfortunately, caveat emptor.
Don't be so naive , and trust me i've been balls deep and relaxed since 2013 .
Boys o boys, relax and let them do their work . Right business, right time atm, the money will come.
Remember....if the not knowing is just too much for you to handle, move on and find something that makes you happy instead of spending day after day moaning here...
The Company cannot do anything that requires the issuing of shares, so unless there is sufficient funds sloshing about, they are fooked...... Unless of course .......
I must have missed that between all the postponing and reconvening.
So you are saying that the BOD are not able to convert their salaries and owed fees via the convertible instrument?
How much headroom is there available to the BOD to raise funds via a standard placing in that case?
And the million dollar question is how much cash is left in the bank, and how are they now going to raise any?
They do not have the authority to convert, the resolutions to do so were removed at the AGM.
That’s not right though is it, because they are charging interest on this loan as per previous RNS, so the longer they drag it out the more interest and more shares to convert. And they have enough authority to convert now so why haven’t they? Or do they see a risk to their own capital that they are not willing to accept at this price? What price will they see value? Doesn’t bode well.
it's the same value since the beginning, no interest added from what i can see. The board have no choice other than keep pushing it back as they have no authority to do so until resolutions are passed by shareholders at an AGM / EGM, and that is highly unlikely in the foreseeable
Why do they keep pushing this back and adding on the interest, don’t the BoD see value here?
indeed lets hope so
place
The revival of the mcpp has provided some optimism. If we can get more then just an mou or something that confirms Kibo didn’t initiate the revival then yes we ought to see a rise here.
I never wanted mcpp sold off like that in the first place
i cant help but notice a change of heart recently Jax lol, do know something I dont
released just now wow 100% rise Monday plus
Gla
DYOR
Xerxes and Wimbo
If it is unfortunately then why do you still hold? LagunaB emptied the tank so it is possible.
I’m here for fear……of missing out
Likewise, unfortunately indeed
How they are going to keep the lights on, and pay back anything already drawn down from the £1m facility, is a very good question. And before anyone says “the IPO will pay for it” look at the prospectus..
Are we in for a Xmas Kibo run this year?
Be good if LC opened up q&a sessions again as with lots in the pipeline now, it’d be good to know a bit more regularly.
Can anyone shed any light on funding. Is LC unable to dilute - there was a failed share consolidation a while back - is that an issue for LC?
Long and strong hey Wimbo
1p on the cards here?
unfortunately