Member Info for bcl42

I am presuming that LC will put himself and the rest of KIBO's employees on SSP as soon as the government dictate that everyone has to stay at home and self isolate. Costs should therefore then be negligible until business is back to normal. If not I guess the prognosis is even worse than before. Surely LC will not continue to pay himself with the world in lockdown?

I think the virus will be more than enough for us to cope with for the rest of this year. Stay well all.

JD yes I plan to, all things being equal.

Delay

It will hit new low when MED is announced.

These are the moments LC usually goes for a placing. 25% off so directors and Sanderson can pile in at 0.26p plus shed load of warrants.

11.76 of nothing is nothing. The share is close to worthless.

Given our current SP and the general market carnage LC may as well get the Bordesley delay RNS out of the way now. We can, of course go lower, but 25% of our current SP is almost 25% of nothing anyway.

But it’s that 1960/70’s tracing paper stuff that you got at school.

On what basis would anyone think we are on the cusp of any change? As far as we know absolutely nothing has progressed.

The problem is that most investors who have been here for longer than 5 minutes bought into the 3 flagship projects in Africa because of LC’s ‘experience’ and connections, particularly the MCPP. I would never have invested a shed load of cash into a poxy small time power plant in Birmingham. I suggested that goes for many others. I would like to be wrong but I have been saying for many many months that, even though it’s a 2 bit project, Bordesley will be late, probably very late and even if it’s not we don’t know if it will add £200 or £200k to our working capital requirements.

Sorry I see you already have it covered.

I am working on a contract not far from there but am overseas next week. I can swing by a week Monday and take a look.

p.s. someone suggested yesterday that LC et al could personally receive shares in KAT for their work there. That would be completely wrong as KIBO currently pays LC as a full-time CEO. Any shares for work done for KAT are due to KIBO.

In which case it is share consolidation next or another rise in the number of authorised shares. KAT is actually extremely unhelpful as apart from being an obvious distraction LC now needs to worry even less (if that's possible) about KIBO as he has that for a potential backup income as CEO. He needs to come off the Board of KAT. It would be seen as a positive by most but he wont get that.

Unless something very unexpected happens (I mean positive) I can see the SP hitting new all time lows in the next month. 0.5p may not have been the bargain it seemed at the time. I might even add at 0.25-0.3p. I would rather not though and see LC surprise everyone and actually deliver something. We all know which is more likely though.

Totally agree. We are going to be late and LC is going to say nothing. He will assume a month of silence after 31st March is totally acceptable and probably then tell us what is going on (in a confusing way).

Do you know that JD? I.e. they have hit a snag?

Maybe 26 days?

You would, I would, but LC doesn’t work like that. He likes to supply least info in the most confusing way