Member Info for Deecay

Good to see that the BOD are recognising the suckers, sorry, natives are getting restless. It’s a start but doesn’t change my viewpoint. My vote is cast.

RNS 15/05/20

The Company is seeking approval from shareholders at the EGM to subdivide and consolidate its share capital, buy-back and cancel deferred shares created in previous share capital reorganisations and increase its authorised share capital. Following, and contingent on passing of the Resolutions, the Board proposes to settle outstanding salaries and fees to directors and senior management in the amount of EUR624,370 by the issue of New Ordinary Shares ("Settlement Shares") at an issue price equal to the adjusted 10-day VWAP for the period following the date of the EGM.

Yaki is a genuine committed investor ( you have to be with the amount he has invested) and I understand from his Twitter posts is perturbed by the EGM proposals and will be voting appropriately.

I logged onto my HL account yesterday and sent a secure message saying I wanted to vote against the EGM proposals using all my shares. This is today’s reply:
“Thank you for your voting instruction.

I can confirm this will be processed and passed onto the company, you do not need to take any further action. “

It’s as simple as that with HL.

Your comment about 7 directors + son, I have seen 7 mentioned before but I am only aware of 6 (+son). Am I mistaken?

In successfully voting down the EGM proposals we prove that the company cannot run roughshod over the shareholders. What follows on from there we have to judge on its merits and if the following actions are not seen to be in OUR best interests then we know, and the board know, we have the remedy.

Vote the EGM proposals down and then let’s see what transpires.

IMO Our focus should initially be on the EGM proposals. Vote them down and then let’s take it from there.

Extraordinary General Meeting record date
for Kibo shareholders to be entitled to participate Friday, 05 June, 2020

Last day to lodge forms of proxy with Transfer
Secretaries by 17h:00 on Friday, 05 June, 2020

If you are asking is what we are posting here legal, then I would point out that the company has called the EGM and as shareholders we are entitled to vote on the items proposed. We are also entitled to discuss our thoughts on this kibo discussion thread.

Following on from my last post.
The most recent AGM was 24/09/19. Do we want to wait until September?

I think we need to do this now to stop some of the actions being voted on at the EGM. For instance, I’m particularly concerned at the prospect of salaries being paid with shares in lieu of cash. We were never told that the Directors weren’t being paid. It is in their interest to keep the share price down so as to get more shares, thus increasing the proportion of the company that they own and giving them more control.
Let’s deal with the EGM first and the AGM when it is called.

Both companies can be contacted through their Secure Message facility.
Often when Corporate Actions such as an AGM are due you get notified if you have selected the advise corporate action option.

This is the second “shareholders revolt” I have been involved in this year and the other one (ValiRx) resulted in the CEO & COO both getting voted out or forced to resign. Just saying that these actions can achieve results with sufficient support from PIs.

Wimbo, good to see you posting again

JD and others thank you for your kind comments.

In the words of the Who - we’re not going to take it!

I am certain that regular readers of this Bulletin Board thread will recognise me as a LTH with a very supportive attitude to the Company.

I would like it to be known that I will be voting against all of the proposals at the forthcoming EGM.

For what it is worth I have not sold any Kibo, but I did accumulate a similar quantity of GGP at less than 2p each so that more than compensates me for LCs mismanagement.GLALTH

Jax you’ll get a penny share no problem - after the consolidation and assuming it goes through!!

I think Shumba have probably sold most of their shares and not informed the market!

Oooops should be Christiaan Coetzee.

Search LinkedIn for Christiaan Koetzee.

Could be buyers are expecting a torrent of good news “shortly”.

Friday pm, what a great time to issue.