Transparency7 Aug 2018 09:57
Apologies - I only mentioned those so that my position would be clear. No one is obliged to of course but hopefully it shows I have shown my cards as it were. FWIW I found it very easy to buy 100,000 in one clip which I personally haven’t seen for a while. With that in mind - i think we will need a lot of volume to get over the 15p mark. (Which I would hope would then act as strong support). I do not have level 2 access or anything flash and am now left with sitting on my hands. For me though, the initial dilution has been done and the risks are significantly reduced. I have not added up all the investment that Koovs has had since its inception but am using that as my own personal buffer for what I think this company should be currently worth (as a minimum). Roughly speaking if it has taken say 80 million of investment to get to this stage - then for another player to join the e-commerce India party you would suggest the same level of investment would be necessary to get a company to this stage. If koovs is currently valued by the market at less than 50 million then that makes me view this as a sensible punt. Risks are there as in any investment but the new partnership (and up to a third ownership) gives all parties an incentive to succeed.
I hold and wish you all good luck.
Matt
Ps the figs are generalisations as I didn’t want to flick screens but you get my point.