Member Info for bcl42

Same with KIBO. I haven’t lost a penny..... yet.

We are all waiting with baited breath Louis.

And????

Unfortunately JD neither of those sound ridiculous.

I bought a chunk of shares the previous day at 0.6p as I thought it couldn’t go any lower and still thought the CEO was on the side of PIs. I have also bought since at 0.43p to lower my average. We are in serious trouble if the CEO thinks it was a risk at 0.45p plus 1.5 times in warrants over the next 3 years. If he wasn’t jumping for joy he must think we have a good chance of going completely down the pan.

This is the same CEO who was constantly telling us the company was undervalued at 5p and multiples of the market cap at the placing. He can’t have it both ways.

I would say that if the CEO thought he was taking a risk buying shares at their lowest SP less 25% he is in the wrong job.

I am afraid I really don't agree with your warrants stance and there are serious questions to be answered as to why LC did not see the Tanzania situation coming way before he finally did. I would say LC has had to work hard to sort out his own mistakes whilst rewarding certain investors.

Hello Dave. I think KIBO is without doubt a future opportunity. I think new investors could do very well and see multiples of the current 0.5p. Both the biggest potential and risk here is LC. I am sure we both accept that there have been some serious shortcomings seen here in the past and that there has to be either a small or large question mark over LC in terms of his ability and his credibility. LC's evident penchant for unplanned huge placings for minimal cash mean that a 'successful' KIBO with a short term market cap of say £100m could easily have 5 billion shares and a corresponding SP of 2p. Even a mere 3 billion shares sees a SP of only c.3p. If we can generate a business with a value of £100's of millions then we could see happy days. I suspect most LTHs will have fled well before that though given the history here. Is that fair?

Could it be the same 'investor' that appears to be making an awful lot of money out of KIBO too? Buy on the cheap with placings and warrants. Charge huge fees and interest rates on loans which often recoup a large part of the capital. Forward sell placings before they happen. Ignore rules about notifying holdings changes. Rinse (LTHs) and repeat. That one??

CF they have indeed. Good luck to you in this and KIBO. We need it.

CF - I think that sums it up pretty well.

Yesterday was another nothing day in a long run of nothing days in a share which has lost over 90% of its value with a CEO who appears to have gone AWOL. Does that help?

TTF. With all due respect most long term holders will be glad when all those, probably including you, have made their 100% return on 0.45/0.5 and we have moved on to the next buyers who will be looking to do the same. When we have got through 4 or 5 new sets of PIs, idiots like me with much higher averages can perhaps then start to imagine the happy day when we can get close to even and kiss this pile of **** goodbye.

thing that would be afoot with KIBO is 3 inches.

I think we can glean from the RNS telling us that the company said this is a long term investment (rather than a get rich quick one after 7-8 years), the warrants have such long dates and the ongoing silence, 2020 being a good year means December at best.

Shares have already been issued for ‘overtime worked’ if that is any indication.

JD - History tells us which of the options is most likely

Good point - thanks goodness for that.

Do you think Louis may have forgotten that he is also the CEO of KIBO?