Member Info for bcl42

We raised £1.95m in October last year. Where did that go in 7-8 months when apparently we were not even paying directors’ salaries ?

There is no way the recent £1m is going to get us very far. The first £600k will go on outstanding Directors salaries (is the pay cut retrospective?) and the remainder might see us through another 3-4 months. We won’t get to the end of this year without another fund raise which, given that the latest raise will require 1billion shares issued, is likely to require another 1.5+ billion. The ongoing inevitable future dilution makes any uplift from the current SP impossible as all funding is only used to pay salaries. We could easily be at 3-4 billion shares by the end of this year which is why we need 50 billion (pre consolidation) to allow for any future project funding. The future looks a complete shambles.

Will we get for the Bots project? My guess is £100k and the RNS will tell us how pleased the company is to report the sale of the project for such a vast sum in difficult market conditions. There will be no mention of how much dilution it took to buy it or fund its ‘progress’. It will at least pay the BOD’s salaries for another 2 months.

and I won’t be listening to it but I bet my 18.24 post sums it up nicely. The guy is a complete loser.

And our holding is likely to be a fraction of the current by the time KAT is funded and off (or into) the ground. It’s already halved in the last 12 months.

There is a distinct possibility that KAT holding will be sold for peanuts to pay salaries for another year. That’s how it works here. Don’t say you were not warned.

Your post makes me laugh Jax because unfortunately it is probably accurate. KIBO is an absolute shocker of a company mainly because it is being run by Walter Mitty. I think LC actually convinces himself to believe the tosh he comes out with. I cannot wait for the next RNS. The only thing I can bank on is that it will be ridiculous just like all the rest. All IMO of course.

There is the slim chance that LC will realise he is incapable of achieving anything and will do the right thing and resign. No one, and I do mean no one, could do a worse job.

As things stand the rest of KIBO's projects are definitely overvalued in the SP as they are actually worthless as long as LC remains in charge.

Completely agree Gillie. We were not being told the truth on Bordesley. There was no way it was ever going to be up and running in March and LC knew that as the site was untouched. End of year now makes no sense unless it is a prelude to selling it off, obviously for next to nothing.

Were a waste of time because LC asked the questions to which he could roll out the same answers. Q1. How are the projects progressing? A. The projects are progressing well. Etc.

Let’s be clear, the latest fundraising which is likely to result in adding 1 billion shares does nothing other than give the BOD more paid time to achieve nothing. Even whatever (we were never told) small amount of cash we might have received from MED is now pie in the sky. We need a fully funded project ASAP or KIBO is history.

Will be same old tosh '4 projects all progressing wonderfully........' or we are about to release news on re-positioning the company (i.e. flogging off some of our projects for peanuts). LC cannot provide any price sensitive information prior to a RNS. If he did and it was positive we would have seen some large buys this morning. BTW the market cap is closer to £2.7m

p.s. yes I do have a problem with that. I will give you the benefit of doubt and assume you have misunderstood who the new ill informed poster is criticising.

'Lot of disgruntled ex holders on here who bought at 10p - so ignore their noise - sad bunch who have helped to create a super low valuation by destroying sentiment... my thanks to them' - I have no idea why you think that is something worthy of agreement.

So you think longterm holders are a sad bunch? Sad meaning not happy with losing a shed load of cash or sad meaning a bunch of losers?

The funding will disappear within 6 months

Another 4m offloaded

There will some completely outrageous corporate activity sanctioned by the BOD. I don’t know what but it will crystallise anyone’s paper loss. IMO only but let’s see if I am right. Any one want to make a prediction?

47m shares dumped for peanuts. Is Yaki still around? Some decent holders have given up the ghost. I really don’t blame them. It’s carnage.