If the votes go the board’s way but there are significant votes against the resolutions I think LC won’t see it as a warning or a sign that he should rethink how his actions are affecting PI’s. Instead I believe he will see it as a victory and a green light for more of the same.
If the directors were to take shares in lieu of salary at a time when they knew of impending news which is likely to affect the SP is this not insider trading?
Please please would everyone make sure they vote down the motions at the EGM. There is still time. We need to get this BOD out. They have a achieved and will achieve nothing (other than destroying any value).
Wimbo our stars are indeed aligning. I have always wanted you (and other holders) to make a lot of cash here as it would be great for me too. Like you, I would be over the moon is this gets to 3p (that’s £60m market cap with 2 billion shares or £90m with the upcoming expected minimum of 3 billion). I find both those scenarios impossible to Imagine.
I think investors are beginning to sense reality at KAT. It has a long way to go, a lot of dilution and a lot of directors shares and warrants to be issued in the meantime. What happened to KIBO’s reimbursement for BOD time spent on KAT or did the directors pay themselves in more KAT shares?
A complete load of drivel. The guy knows nothing about what is happening at KIBO and when asked when MED might be in production said it might be by the end of the year. He might as well have said sometime in the next couple of years as he based that on nothing other than trying to be conservative. No acknowledgement that any further delay (COVID excuse is ridiculous) will cost PIs more massive dilution in the billions (after consolidation 100s of millions) of shares. The article is so flippant it is pointless. I might as well ask for a comment from my 14 month old grandson.
And then we get a classic no real information RNS on the subject. Given that the kit was due to be finished And installed and producing power a couple of weeks prior COVID a timescale for the delivery was the least I expected. But no, it’s the usual manana, some time soon typical KIBO RNS.
For me it’s the x25 shares to be issued (and they will be) and the fact that the BOD think it’s ok to fill their boots with shares at the lowest level (since amended slightly) even though we were not told about it in advance.