Chinner have you had confirmation frim the company what "market expectations" are for this year?.
I think they have been very sneaky by not releasing their own specific guidance like other companies do....
The issue we have is the ceo will do anything she can to keep her job as she has a lot of share options to keep hold of and we have a CFO that is massively overpaid with 175k per year plus a load of share options...
The way this company is making losses i would not be surprised if these clowns inc Waheed are taking huge expenses as well
I wonder if Mary travels economy or business class to india?!
Lol im not turning into pascha.... I hold shares here where as pascha never.
The point you make about the share price and the directors not buying is very valid and proves just how much management have messed up here, they have let it sink so far they cannot buy, on top of that they also now cannot continue with the ht media deal due to mass dilution if they swop media for shares, also we dont have enough money to pay ht media the 1.8 million quid that is payable on each media swop
As far as Alli goes he has made a mockery of the whole bloody deal, the cfo has lied and lied via email about funding etc, the funding deal has been changed 3 times and is going to change a 4th time, there is no way we will have all tge 28p funding by xmas which is the current deal, they will string it out until next june.... Mark my words!!
See below the statements from the ipo document where Waheed stated that the 16.5 million pound would see the company to profit and beyond... He ahs since burnt over 100 million pound and not once has he apologised or admitted he has messed up....
Approximately £16.5 million to subscribe for 165,986,056 ordinary shares in Koovs India on the terms of the Subscription
to fund the general working capital requirements of the Group, particularly in connection with building a broader product range
to expand the marketing activities of the Group
to fund the Company's anticipated operating losses through to breakeven and beyond
The below statement is what Waheed said when the share price was 18.9p..... He believed it was the low point for the share LOOOL!!!
In return, Koovs receives £24m worth of ads and promotions. The proviso is that Koovs must raise at least £6m from other investors over the next few weeks. The persuasive Lord Alli will try for more but is unlikely to go further than £12m for the moment. He is tiptoeing around the issue of diluting shareholdings — including his own 29 per cent stake in Koovs — at what he believes will be the low point in Koovs’ shares.
Can you believe they went around the city touting shares for sale at 15p valuing the company at 60 million mcap, then they took over 10 million quid off investors and then sat and watched the share price fall to 6p which values the company at 24 million instead of 60 million....
Then they did a meeting for analyst and there was zero interest after that meeting, is it any wonder after allowing the company shareprice to collapse?!
If waheed had any integrity he would have been buying at 10p to bolster the shareprice after selling to investors at 15p
I wont say what waheed is on here because last time it got removed, suffice to say he should be at her majesty's pleasure for what he has done to shareholders here!!
None of the management here have any integrity, they are the laughing stock of the city, if there is a poor uodate in oct they all need to stand down imo, they have had their chance year after year and they never deliver
Chaps I wouldn't even say its impatient tbh, last year koovs came out and promised this amazing partnership blah blah blah, had they have stuck to the original agreement flf would now own 29.99 percent and also be in the same boat as us, unfortunately koovs let flf bully them into changing the deal and now we don't know what the hell is going on, that 250k the other day was nothing short of a joke imo....
One thing we do knkw is the bod and all their advisors are filling their pockets with shareholder money and giving us nothing in return!
I want to see big results and big amounts of funding