Member Info for glenglen

After a long while away to see nothing has changed- dropped even more ! I take it our friend did not buy at 15p then huh?
For some reason methinks we are being taken for a ride here and people are optimistic in hope alone. I’ll pop back in a few months time - will there be a change?

Followed a Midas tip on a company called Plant Impact about two years ago. Same story - world needs food and Plant Impact had the technology to eradicate disease etc. All talk and share price plummeted from 60 p to 5 p and finally sold on at 10 p. Some tip and I won’t do anything in this just yet.

May I request all genuine shareholders to simply ignore posting on this bb - it is quite simply ridiculous the cr*p people are putting on here and has got to the stage of pure kindergarten.
So all genuine shareholders just don't post unless it is something new and relevant to all concerned
Koovs will come round - eventually............
Over and Out

Yes Jambon - I do know. I have no idea what the Koovs directors paid for them (they could have been granted "gratis" as an incentive and then up to them to grow the sp.) Mary Turner and others have been granted options of 53.5 p (date of grant 1 July, 2016) and 17.7p (date of grant 18 July, 2018). We are reliant on them to grow this business (and the sp with it) and it is in their interest clearly to do so - I hope they do obviously. If the sp is still 8 p in the time stipulated under whatever option agreement they signed then they won't exercise their options.

And to add to what I have just said:
The directors (Mary Turner et al) all have options (I read one has them at 50p). Have they given a commitment to exercise those options even if the sp is 8p or anything below 50p?
Just saying.....

I have been off this bb for a week now - seeing the posts I can see why - it's like groundhog day here!
This subscription agreement, and I have not seen it, appears to be more like an option agreement. Why would anyone agree to buy shares at 15p when they could be 8p. Would they not just loan the company money and become a preferential creditor?
As it stands now it is just that - an agreement to buy shares. It will become binding upon certain events occurring e.g. RBI approval, Called "conditions Precedent".
Perhaps someone knows more but that is how I see it. AND before anythibg is said to criticise - I am a shareholder and I want to make money out of this but facts must be known

Have not logged on for about a week now - glad I did not as this bb s like groundhog day - same old same old.
However - not taking sides Pascha has a point on the subscription agreement - it is not a contract until the conditions precedent are met.
I still question why they will put in funds at 15p a share when they will be worth almost 50% of that (8p). I note some of the directors have options at 50p etc. - when their time arrives are those directors going to take up these options if sp is below that? I would not and if there are people on this bb who would let's hear you

This is not a discussion board - the hard core making comments on this have one goal which is to "get one over the other". Look at last night - people are slagging off each other at 23h00 and beyond - have any of you actually got jobs or, to be blunter, lives?
On Koovs itself there are positives and negatives - great comments form the chairman and others but the sp is dropping. Why- because the market is waiting for figures and facts and we have been given zero on that front. Does anyone actually get that simple fact?
Now I have a days actual work ahead of me - will have a quick look to see the abuse I will get zzzzzzzzzz tomorrow
YAWN

Just logged on - no share rise (drop at the moment). I take it there has been no RNS, share subscription, etc.?

Hope you are right Mr Atkins.
Until we are told we do not know if the conditions precedent have been met and the transaction happens The most obvious condition of course being RBI approval
Waiting game..................

Noted Jambon - did not know that. These guys must have some knowledge we don't and this may work - I hope it does if only for my small investment. However put it this way - assume the company you worked for was valued today at 5p a share and you were given options then to at a later date to buy at 15 p. The time to exercise the options arrives and the share price is 7.89p - would you exercise your options?

To put the "15p transaction" another way. Assume one share in Koovs is worth £ 78,900. I, in my wisdom say: Naah - I want to pay £ 150,000 (double) the price.
Anyone want to offer me the market price for my house - £ 850,000? Nope cannot accept that - someone wants to pay me £ 1,700,000 for it - fantastic................ where are these guys I wonder

Are management buying time - with Monday fast approaching we are told the famous "15p transaction" will take place? However, this late in the day we have no sign of RBI approval - or do we and where is that published? Would be considerate of RBI to approve on Monday and if other conditions fulfilled then great.
The above being said I do not feel comfortable with this - has the market sussed this as well - price now 7.89 (down 3.21% from yesterday)? Sorry guys - something does not fit in here. Price per share drops to 7.89 and these guys want to put in 15p per share - Huh????

Oops - Monday 7 Jan - 6 Jan is Sunday

Accepted that "delay" is wrong wording.
What I am saying however is that there is at this point an agreement which is typically not enforceable by law. The agreement in place will only be enforceable when certain conditions are satisfied one of which is RBI approval - called conditions precedent Jambon. Once these conditions are satisfied then the agreement becomes a contract and will be enforceable - as of now it is not (as far as I can tell) and there is a possibility this "15 p transaction" might not happen as planned.
So let's wait for Monday 6th Jan (I am told this is the date) and see if the conditions have been satisfied - i.e. RBI approval and whatever other conditions there were. I was asking what are the other conditions apart from RBI approval?
My research btw on this was minimal - invested on gut feeling as I did with Boohoo - if that is weird so be it but it is my money after all............

My query is "why the delay?" Not having seen any agreement terms or wording it would be correct to ask what were the conditions precedent (if any)? Is there an actual contract in place or are we waiting for something to happen before the contract comes into force and they put the money in? The other side is something (whatever that might be) does not happen and therefore there will be no contract to enforce.
As others have said, January 6 (Sunday!!) is the date - presume Monday but that's a moot point- we will find out.

if I may?
As I read everything FFI have agreed to buy at 15p - great! But is it? All parties have signed a subscription agreement the terms of which I have not seen/read/whatever. Has anyone else. So to cut to the chase:
why have they not subscribed - what are they waiting for? Presumably RBI or some other approval and what if that approval is not forthcoming?

Happy New Year everyone.
Still holding and hoping so let's see. What I have gleaned is that everything seems to be in place but is not. We now hear (via this BB) that new FDI rules kick in next month - February per Putneylas66 - hence the drop. This sounds a little like the new shares being bought at 15p - always next month. Is this 15p purchase going to happen this month/next month/3 months time/whenever-is it ever going to happen? Just asking.............

Noted Wolster and agreed. The bottom line is that Koovs must be able to report sales and cash - CASH is KING. What was disappointing in the last trading statement was the revelation that there was no stock = no sales = no cash generation. Until that changes this is not going anywhere north.
Jambon - noted and I hope this happens. Buying at 15p will hopefully give the SP lift but for how long? If it does reach 15p most people will sell out and simply make their gains from their 9p - 12.30p purchases. And then what? As Wolster says - he does not know, nor do I know what is going to happen. I might sell at 15p for the sole reason I do not like the prospect of a long wait - can always go back in when more is known and it is positive

I really do not get some comments on this BB. Either Koovs is going bust or it is going to rocket - which is it? What really gets me is some are waiting for it to fall lower so they can buy some more - really?!! At the moment it is falling and no more for me - I'll take the loss if this company falls and take the profit if not.
What I would like to know is this expected investment by whoever it is and they will pay 15p. Sounds good if that happens as it implies the SP will suddenly jump up to 15p when they do decide to do so. After that then what......