Member Info for bcl42

Yes he can. 100% clueless and useless. I have never come across anyone quite like him, really I haven’t.

Me too.

To see that the BOD had a plan B at the ready. The whole idea behind the EGM was to allow the BOD to grab as many shares as possible at the lowest price and to provide further leeway for more of the same. How about actually providing some real business updates BOD? Like PPA’s or real funding or real agreements with governments and not meaningless MOU’s. That’s your actual job, not finding ways to feather your own nests. How many shares are we getting in KAT for the time you have spent working there instead of the full time jobs you have with KIBO? Who agreed you you could be paid twice for the same hours? BTW LC will probably sell KAT for a max of £2m which will be pointless other than providing funds for more Directors’ wages.

To predicting KIBO news is to think of your worst case scenario in the knowledge that it will be even worse.

The more you think about the more you realise that salaries are the only reason KIBO exists. There is nothing else of any substance.

I reckon LC will flog our share in KAT to enable BOD to be paid the 640k ‘arrears’ and another year. Nothing strategic or long term but anything to ensure the gravy train continues as a long as possible.

I see that someone thought that 0.2p was as good as it is going to get and sold 7.5 million shares for £15k. Says it all.

Lets not kid ourselves here. The SP is at an all time low and looking to head lower. It is an unmitigated disaster with no obvious upside. Whether the SP 'rallies' briefly to 0.25 or 0.3p is of no long term consequence. Either LC and the BOD evidence something genuinely positive or we go completely down the pan.

Its all relative but oh for only a £800 or £10k hit on this share.

We haven’t had any activity apart from placing, organising a EGM and signing pointless MOUs. Nothing has happened since last October.

‘ If KIBO wanted to generate some cash, they could start by selling down part of their stake in Kat. On paper that is worth close to £2 million‘ - This would last us 7 months just like the last placing in late October and that was apparently without paying salaries. On what have we spent £1.5m in the last 7 months?

From memory I think we raised £1,950,000 in the last placing. C £350k was used to pay outstanding creditor balance leaving £1.6m since then. I don’t get the spend rate either.

Aerial my point is that it is not holding up. Our investment in KAT approximates to the current market cap. Therefore all other KIBO assets are being valued at zero.

Nice post Gillie

TBF Aerial if the SP goes any lower, given the KAT value included, the remaining value of KIBO assets would be a negative amount. The SP and market cap is effectively zero currently.

LC's only miracle to date has been to turn £40m of cash into a company worth £2.5m.

It really is LC

We have been told by the BOD that there is not enough cash to pay wages so we are currently insolvent. The BOD now have to either make the company solvent, sell it or wind it up. Step one is to slash the wage bill. For example why do we have a Finance Director when there is nothing to finance and nothing, apart from salaries, being paid? Also why do we have an incapable CEO on a hugely disproportionate salary when compared to the size of the business? The BOD need to realise that KIBO is currently a tin pot business.

Deecay - I thought so too but now I don't because I don't trust the BOD at all. If there is such an agreement where are our additional shares?

How can they be working for both companies? Either we should see a reduction in the KIBO salaries as they are now part-time or the KAT salaries belong to KIBO. I am seriously getting pi55ed off with being ripped off.