Member Info for jdt1990

Hoping we can all revolt here and stick it to LC....great to seem the cocmoradery here, a lot of disgruntled LTHs who deserve better. And best of luck to any newbies who can benefit from this too!
Sick of being taken for a ride here.
Top work JDawg on the push!

Definitely agree with you green that the Medusa19 name is utter garbage, could have done better in a GCSE business studies project! I also agree Boohoo clothing is cheap and tacky, I cant stand watching Love Island has beens pout whilst wearing glorified bin bags when the ads come on TV!
For me, I think this deal is about everything Boohoo related outside of the fashion. Distribution channels, potential connections to the Indian market, marketing industry connections etc. I wonder if the vague nature of the RNS has left a bad taste here and once the true rationale for the deal come out (which I hope is more than just a mates rates favour for some cash) we will all be saying ahhhh it makes sense.
AS isn't a mug so I am inclined to think he has a reason....BUT plenty of AIM companies have been bent over the barrel so there is a small chance that's the case, I personally don't think so but time will tell!

ATB
JDT

Green I think you’ve misjudged this. The boohoo deal has nothing to do with the price point of their clothing business. They have generated a business that had adapted to times of austerity. Not everyone can afford Gucci so low price high volume is the business model. What are we trying to build for the consumer market? A low price high volume produce. AVCT deal with creating the product, we are scientists. We now have a partner who can deal with the distribution - TO DIRECT CUSTOMERS ONLY! The exclusivity is only for that piece.
Can see why people think the placing looks fishy but I think it’s a shrewd piece of business. Anyone tried to sell on Amazon or eBay recently? You pay god knows how many providers a cut of your profit along the way! Margins would have been cut to oblivion with Amazon, at least these guys have a vested interest.
If this goes t*ts up its only one distribution channel. Non exclusivity for schools, hospitals, airports, govts....the list goes on.
Probs isn’t the deal of the century but sometimes in a race you need to do what you need to do. I would think the queue to get in front of the huge distributors is long regardless.
People will shout this down. It’s not set the world alight but imo it’s another step in the right direction.
JDT

Haha Denn92 you really don’t have a clue do you. If the max is reached, sell up and b*gger off. Idiot filtered. Are you forgetting non COVID related potential of this business!

Apologies to go over the top of you like that Jerryspaniel - just thought I might add some colour to what was a very good explanation. I trade FX options for a living so equity options aren't my thing but conceptually I think have a good enough grasp.

I guess what I didn't mention is that value change in relation to time to expiry (the Theta i mentioned) is only a concern if you are trading these in a secondary market. i.e. someone buying them off you would care how long is left to expiry. This is because if they are out of the money, the chance of them being in the money diminishes as time to expiry reduces, hence the degradation of value if share price stayed constant. You wouldn't pay more for a steak that is 1 day off its sell by date than a week away.

I think if people know that (as you quite rightly said) the intrinsic value of options is the same regardless of when you exercise them and is simply share price - strike * number of options, this looks like a strategic move from GH. Unless its a tax loophole which would be quite boring. As to his rationale - could open an interesting debate?

ATB
JDT

Haha LC does nothing but delay/lie/deceive/blow hot air. His master plan has been rumbled over on KIBO to give himself an infinite amount of shares and warrants using COVID as his cover of darkness, which no doubt he was doing to try and use this as the launchpad for a bumper payout (on top of what he already rinses from shareholders year in year out). Morally - shocking!
If the EGM on KIBO doesn't go his way, which I hope for anyone invested there (including myself)it doesn't, he may not be quite as keen to deliver value here. On the face of it the project is great but he knows how to screw over PI's to fund things that never get off the ground.
I am invested small here in the hope it goes to plan and recoup some KIBO losses but LC is a ****roach so wouldn't back on him doing what he says!

I pretty much agree with Jerryspaniel here. "Unless you have no shares and just want to exercise the options to sell the shares that have been exercised, there NO economic benefit to exercising early" Quoting Jerryspaniel. It's not 100% true but in this case does hold and is all about how you view extrinsic and extrinsic value here.

Option Theta measures the daily rate of price decline in an option's value as it nears its expiration date. Theta is one of the main Greeks that option buyers should worry about since time is working against long option holders. However, the definition of VALUE is what needs to be taken into account. Numbers sometimes help!

Assume an investor purchases a call option with a strike price of $1,150 for $5. The underlying stock is trading at $1,125. The option has five days until expiration and theta is $1.

In theory, the value of the option drops $1 per day until it reaches the expiration date. This is unfavorable to the option holder. Assume the underlying stock remains at $1,125 and two days have passed. The option will be worth approximately $3. The only way the option becomes worth more than $5 again is if the price rises above $1,155. This would give the option at least $5 in intrinsic value ($1,150 - $1,150 strike price), offsetting the loss due to theta or time decay.

GH isn't going to really care about the premium decay (extrinsic value) so Jerry is correct that no matter how close to expiry you are, the intrinsic value is simply current price - strike price.

This to me looks a lot more like GH making a statement and increasing his shareholding by a new 13m shares than being forced to do it, for what, time will tell!

JDT

Global - HL wont contact you about voting, you have to get in touch with them to do on your behalf. Hence why LC and his motley crew have managed to do this so many times in the past.

Literally call the HL investment helpline and say I want to vote against all the items on the EGM shareholder circular for KIBO Energy. They will literally go away and place your votes on your behalf. Super easy.

JDT

I don't have a huge holding here only about 400k shares but have just called HL and cast my vote against all items listed on the EGM circular notice. Super easy, they did it for me, took 10 mins. Think LC is banking on a lot of PI's not knowing how to vote / not bothering to vote and he can pass through his latest Hatton Garden Style raid.

Not this time LC - you've diluted me enough over the years! Time for you to actually produce something material for your salary, not use my hard earned cash to do so, as you have over the years. If some of the smaller shareholders follow suit with the bigger shareholders here and vote against this farce we might salvage something!

https://kibo.energy/wp-content/uploads/Shareholder-Circular-Notice-of-EGM-08-June-2020.pdf

Get voting guys!
JDT

Wow did not see that coming......Shame he's diluted me to an average of 85p over the years! Long way to go for me to get my money back here :(

Hopefully someone takes a large enough share to take control of this shambles of a company. Nothing will happen here until Conroy is gone. Years and years of wishy washy kimberlite finds, with no substance.
All KDR does is fund Conroys champagne lifestyle , he has no intention of doing any exploration on any scale!

Couldn't agree more with manonboard. Been here for years and diluted beyond belief to fund Conroy's champagne retirement lifestyle. The cyclical nature of an RNS to gain some new investor interest to then place for funds is about the only certainty with this company.
If you're looking for a gold miner, this isn't one, it's just a way for Conroy to pay his extortionate salary through fleecing investors. A pure con.
I am in the same boat, learned this lesson early at a minimal cost invested in here and his other sham company KDR both of which have found nothing because they haven't looked!
Best case is someone buys this out or the Co. have a complete overhaul of the board. Neither of which will happen until Conroy is a gonner.

Fully agree, timing could not be better with POG going only one way and yes the asset is far better that anything he has over at Kibo. Just can’t bring myself to get too excited until LC has this signed, sealed and delivered. He has form - and it isn’t good (apart from for his own personal bank balance).

Think there is some truth in both sides of the coin here. It has potential, hence why I am invested heavily, price of gold is only going up which works in our favour making this IRR estimate conservative. HOWEVER, being invested in Kibo too makes me cautious here. LC has form in killing shareholder value, this still has some potential pitfalls! Not a deramp at all as I want this to succeed as much as anyone. Just beware this is far from a done deal.

Agreed DVH that £8m mkt cap doesn't reflect the potential here. I can't see any reason why arbitration wouldn't rule in our favour from what we know, although recouping the full proceeds is unlikely in any event! Even a $2.3m payment purely for outstanding invoices is 25% of mkt cap! Can't understand why the client would go through arbitration though if it was so clear cut....do we not know something? Or are they chancing a ruling in their favour and if it goes against them settle mid way out of court?
Regardless, LC/ Redmoor / CARE fundamentals haven't changed I just think the market don't like the funding uncertainty. If you believe JP's interviews the value is there. I am in at 1.45 and like you struggling to resist the urge to average down.
Fingers crossed this all plays out nicely.

MilkM0NSTA

Fully agree, think we have held up well in terms of volatility with the focus here predominantly on fundamentals as opposed to pure COVID hype like some other health sector stocks out there!

Very true - I guess once the first set of terms are out of the bag, it significantly reduces our leverage in further negotiations! Working in the hedge fund sector, all too familiar with fees being negotiated down but never up!! Very much looking forward to Weds.

ATB
JT

Originally bought in here back in 2009 when at uni with a what felt like a lot of money @£1.23. Been averaging down for the last few years as they grow what I believe to be a tremendous product. My firm belief helped hugely with regular pointers to research from so many posters on this board, which I read regularly.
One thought - is it the lack of concrete numbers from these agreements that may be holding us back from really pushing to where we should be. Hard to future value a company without any % royalties / agreement details / revenue numbers?
I am long and strong and 100% think the numbers will come when Alistair is confident they are locked in (We all know MM's will shake this on any deviations) but would be interested to hear others thoughts?
JT