Member Info for bcl42

The other option is to ‘sell’ them to KAT for £500k each for more shares in KAT which are then diluted down to next to nothing. LC then has the option of winding up KIBO and then doing exactly the same with KAT for 8 years.

LC has nothing to say following the EGM. I guess he is too busy trying to flog our projects to ensure there is enough cash to pay the BOD’s wages. Each of our projects should keep them all being paid for another year so LC can take another £1 million from KIBO. There is certainly nothing value-adding going on. It will undoubtedly be desperate stuff to ensure the gravy train continues for as long as possible.

Of course he can. It’s LC.

Waiting for a change in management and a SP spike to get out.

I don’t think there is a single PI here now who still thinks LC is a good CEO or should remain our CEO. Until he goes the company is a waste of time.

This lack of communication is ridiculous and another of the reasons PIs don’t trust the BOD. Are they really this stupid?

after EGM and zilch from LC

Yaki must also be spitting tacks. I have been inclined, wrongly as it seems, to believe that as a major shareholder he at least would be afforded some proper respect and communication from the BOD. The BOD here are useless and need removing ASAP. All of them.

As it is the only financial mistake of my entire life I know where I think the problem lies. We were consistently told things were either happening or about to happen and they never did.

Wimbo I am afraid we have been strung along with a whole mass of lines from LC et al. The list is a long one and includes 'heavy lifting', 'tipping point', something to do with 'sailing', 'near term revenue streams', 'angels..., ' 3 $750 flagship projects', 2020 being 'KIBO's year' etc etc etc etc. I am sitting on a very large loss (probably larger than yours but with fewer shares) and apart from that being painful I am more than embarrassed about being taken in by LC and the KIBO board. They have not done a single thing which was expected and promised on so many occasions. I fear that it is only a matter of time before 0.2p seemed a lot.

We have issued shares in lieu of cash many times including about £350k’s worth in last placing.

But fear it’s a lost cause

I still want Wimbo to make a fortune here.

My hope is that all of KIBO's projects can sold off for £13m so shareholders get 1p out of this shambles. That feels way too optimistic given LC's history on disposing of $750m projects for peanuts. (£250k )

Or they didn't have a choice as we appear to have no money

At 0.2p. Very sad that it has come to this.

Deecay. We are all puzzled. It is all very shady which just adds to the general distrust. The BOD either acknowledge they have a trust and credibility issue and do something to change that or this goes completely down the pan.

Agreed Gillie. The whole thing was done in a very underhand way.

If LC and the BOD are trying to come up with a plan B that is good for KIBO or good for them. Unfortunately I suspect the latter. The best plan B would be to release a load of positive business news and information about the actual projects rather than how the BOD are going to pay themselves.

He apparently has zero to say about KIBO. You really couldn’t write it.