Member Info for GumT

2016, let it be just bravado and utter rubbish,but if you are from KIN, you'll suffer, my friend. RBS and Directors and Slater&Gordon thought the same but found thenselves on the receiving end of heavy claims against them and ended up paying out £ millions. Anna, aka partygirl , won't be feeling as cocky as you now , when faced with having to explain the share price decline in view of the previous inflated RNSs and how come she gets £ 200k when her Co makes huge losses. She is the pathetic one and so are you.

This member "2016" is delusional. Could it be someone from KIN? He/she said that a legal action is ridiculous. Oh well, getting scared of it , it looks. Which other company have lost so much of their share value? Not many it seems. If a court claim against Anna & Co won't succeed , I can't see how any court claim for whatever it may be, will ever succeed.

I've never taken much interest in this fitness tracker indistry. I simply don't believe that it is needed, but what is the difference between Fitbit and Fitbug/ Kin? Why is Fitbit so popular and successful while Fitb never took off?

Alright, it looks like a number of investors will be up for a legal claim. We can form a shareholder action group and take it from there with lawyers. Meanwhile, as the market cap is becoming about the cost of a house in London, if there was a real business with this KIN, someone may buy all free float and more and then get control over the whole company. Sacking the pathetic BOD and every officer and start afreash.

We may have good chances. Let's see if anyone else on here is interested to launch a legal claim.

RBS case was ongoing for a number of years. It was settled with the different groups of shareholders at different times, as you say the last one very recently. The claim was against the Bank and against the Directors personally. The grounds for the claim were that RBS misrepresented the true financial state of the bank when it made a right issue in 2008, only for the price to collapse a few months later. Now, if we can establish that Fitbug was a dud from the beginning but it was represented as a strong business, and that's why we became shareholders , we can have a claim against the Company as well as the Directors. Remember, Fibug had a court claim against the big guys, Fitbit, for an alleged patent infringement only to be thrown out as having been made out of time. Idiots. Anna will also be involved as a Respondent even though not a director at the time because she was the one to oversee the collapse in the price. If she was honest, she could have come up with the true state of the company so people don't lose anymore money by believing that there is any hope with this KIN Nonsense.

Slater & Gordon settled a claim from shareholders for £21.6 mln. SP went from $AUS 8 down to 8 cent.

Don't expect an answer from Mohammad, Knigelk. I also reported his foulmouthed "contribution". Admin will ban him for a few days or a week. He hasn't got a clue and knows nothing either way. What we need most in this country is education. Too many people have grown up with none...

The KIN is dead! No directors have bought a single share in the last 10 years. Even at this 0.05p price, they won't buy because they don't believe that this company has any prospects. It says it all. I can't remember if I've ever seen such price on a company so far ..1/20th of a penny

I don't know who can predict short term minor movements, but long term , Barc is in a down trend imo. It's risky to buy shares at this price. I doubt it will go as low as after the EU Referendum, but it looks like a further drop from here. Ignoring minor weekly gyrations .

Boom was at 16p at some point. I don't know what made it drop and what can make it go back to where it was, if ever.

...looks like the next drop.

People lived much healthier lives in the past without any of these trackers and apps. How will KIN ..hm..well..nonsense make any difference in the work place with useless tracking of activities? The principles of healthy living are very simple and well known : clean air, water, food, exercise, proper rest, sun light, less stress, friends and family around... Who needs trackers?

Fitbug changed their name today to ' Kin Wellness' to reflect the change in their economic direction. Perhaps Boom should change its name to 'Bust' as technically , it is in the group of companies to have lost some 90% of their share value.

Obama won, and nothing changed...

The sky is the limit now, surely! It was all fault of the name, hence the share slump. Who needs revenue when we have a new name now? I personally would have changed the name to 'Billionaires' Club' to reflect correctly our wealthy if not wellness status now.

Shares are generally priced precisely, taking into account all factors in any given moment and beyond. To say that something isn't priced, provided it is a fact or is about to become a reality , is plainly wrong. There is no sich thing as undervalued or overvalued shares. Those who buy or sell have their reasons to do so. A share may rise 10fold in the next years or years, but this doesn't mean that the share is undervalued at present. FITB is a pathetic business. The market knows it, hence the price as it is.

It's not new. It's getting old already and the other companies have made the most of this short lived obsession with useless steps counting and the like. Look at Fitbit , made millions, listed on the stock exchange, made more money, then its share price dropped. Fitbug can't even rise to 0.2p and boasts of pittance contracts of £36k. Pathetic business...

The very fact that FITB announces in RNS every little contract they have managed to secure, speaks volumes of the little to no business they have.

You are comparing apples with oranges here. The lottery is a chance game with small stake , tiny chance something like 1 in millions to win. Trading in shares or spread betting is different story. The chances of a win a significantly higher - it is less of a chance game or at least as much as a chance as well as being well informed of the market factors and influences. You are missing the point that I make regarding the spread betting companies. The mode of operation as established is such that whatever the market does, a trader will lose in at least 82% of the scenarios, according to FCA. I repeat, if all was ok with those companies, FCA would not have had to come up with a complete overhaul of the industry.