Member Info for bondrich

Last time I heard much about KOOVS was a few years ago.
During that time someone on twitter had bought in & the SP rose from about 15 to 60.
Could someone please enlighten me as to what happened since then to see it return to this sort of level?
Thanks in advance.

'As noted in the Company’s admission document (released on 16 January 2017), the Company determined to change its fundamental business away from traditional oil and gas exploration and production to a company that provides services to the offshore oil and gas sector. The subsea services sector of the oil and gas industry uniquely allows a company to utilise their asset base in “high times” and “low times” of oil prices. During periods of sustained and/or recovered oil prices, the subsea service industry can service an active offshore oil and gas market (drilling, workovers, platform, pipeline and production facility expansion and maintenance). Even in prolonged period of low oil prices, the offshore oil and gas industry still requires subsea services to inspect, repair, maintain or decommission offshore wells, platforms and pipelines. As mentioned in our admission document, there are over 3,800 production platforms and 33,000 miles of offshore pipelines in addition to substantial amounts of non-producing oil and gas reservoirs in the Gulf of Mexico alone. For these initial transactions, we chose to conserve our existing cash in addition to raising new cash of $10.5 million ($10 million of which is from a non-related investment firm) to purchase these initial vessels in exchange for the issuance of deeply-discounted convertible notes. We want to have a strong cash balance for future “fire power” for these next strategic acquisitions and/or mergers. We consider the transactions included in the admission document to serve only as our entry point into the global subsea service market. We believe the Gulf of Mexico provided the easiest point of entry into this market, and these transactions will provide the platform for near-term growth and further acquisition. We plan to be active in acquiring strategic businesses (not just within the Gulf of Mexico), subsea technology as well as further assets in order to build a competitive advantage when the offshore oil and gas industry fully recovers.'

Hi Brightonscot, How's sunny Brighton? The piddly 20000 today I have been offloading for a while and my average price was grim. I hope this works out for holders. For me I could no longer really understand what is going on and my gut says its maybe not in PIs interests. But WDIK. Not much as I wouldnt have bought these and trusted that ****** PE. GLA

.. what should I buy with all the cash. I can afford a cup of tea and a biscuit ;-)

.. my last little bit here so the SP is free to rocket. The things I do for my fellow shareholders :-) Have been hanging on for a while but do not trust any of the people involved (i happen to think that Peter Earl is no better than a crook) so time to throw in the chips. GL all holders. You deserve it.

more than that but i'll hang on and add on the dips

i'm a fool but I think we are going to hear some news in April.

I agree that this all needs to be reported, especially with regard to PE. I think it is telling that there is no mention of Ruralec on his background info http://www.indpow.co.uk/about-us/people It seems to be quite convoluted but I suspect RUR has been used to acquire assets for IPC for free (£1) or something along these lines.

http://www.indpow.co.uk/projects

spoken to the new BOD since the scumbag PE left? I have sort of lost track of what is going on but I do feel that whats left of the company is probably in the hands of people no better. Do they not have a requirement under AIM to actually keep us posted with what is going on? Pretty much written this off but maybe i'll call the ******s tomorrow to see what BS they can come up with. Any questions for them?