Member Info for JDwag

The results where to 31 Dec 2019, so 4 months has passed since then, they probably have dumped more and now aren’t even a 3%+ notifiable shareholder any more lol. What a shambles, what is the point of any AIM Rules?

JD

Thanks Magnet, explains a lot.

JD

Magnet,

Where does it say Shumba are down to 50m shares? The share information page on Kibo’s Website still says there has been no change in Shumba or Sanderson holdings, 128 053 893m and 175 555 556m shares, respectively.

Updated as of today.

https://kibo.energy/index.php/about-us/share-information/

JD

To be fair, SGB, if LC told me the world was round at this point I might not believe him. His actions are all that matters, and to date have been utterly dire not to mention outright devious.

To echo BCL, Yaki will either be spectacularly right or spectacularly wrong here, let’s hope it is the former for all our sakes.

JD

‘Any persons intending to appear on the hearing of the Petition (whether to support or oppose it) must give notice of intention to do so to the Petitioners or to their Solicitor in accordance with Rule 7.14 by 1600 hours on 14 January 2020 .’

Been and gone, and it’s not been wound up. This was discussed on here months ago. Someone using a winding up notice to get their cash off Sanderson no doubt, as is usually the case with winding up notices.

JD

Doing the same thing at Katoro has he’s done here, missed targets and miserable failure.

JD

To be fair, it's not just here, but the spreads on aim shares at present are just putting people off.

JD

No one is going to get too excited, could just be a P&D to let Sanderson out prior to the next placing.

JD

Both kibo and katoro have just popped.

JD

To be fair, Deecay, that’s not actually that big an issue, a 2 week period for any engineers that come from Italy can be easily compensated for in a properly phased out construction programme.

There are much bigger problems than that here I think.

JD

While no one can doubt LC’s duplicitous behaviour here, there is still hope of some kind of return from these levels, depending on when you bought in, if you wish to average down and how much you are prepared to hold your nose.

My understanding is A.B. Impianti started its operations back up today just outside Brescia in line with the Italian Government’s stance that manufacturer’s and exporters get the first exemption. There could be a quick bounce if and or when there is a confirmed start on site in Birmingham.

But beyond that our CEO will still have to treat the shareholders like adults and not some scum he just wiped off his shoe as he has done in the past. We still don’t know what the financing and numbers are around Bordersley for example.

JD

The fact that LC is falling over himself to do Katoro interviews and presentations, but point blank refuses any PI interaction or any pressers for Kibo has become utterly perverse.

JD

I’d love to eat humble pie, SS.

AB Systems (our Italian Partner) reopen for business on Monday 4 May as does all of the Lombardy Region of Italy (where they are based). Possibly a quick turnaround in design / production allows us the chance to get on to site at Bordersley in June and July and it is up and running for August / September time. Who knows, there could be hope later in the year.

It would also be nice to see LC and the BoD cut their cloth accordingly in wages so the shares in issue don’t become stupid, but I’m not holding my breath on that one.

JD

Given time (2 / 3 years) and 3 / 4 billion extra shares in place I can see this a 1.5p / 2p company, LTH at 5p, etc. will never see that cash back IMHO.

JD

For the last year and a bit nothing here strikes you as a CEO trying to do his best by shareholders, LC’s entire effort appears to be on paying his wages and trying to keep Sanderson afloat at any costs, at shareholders cost, in fact.

All shareholders communication has gone out the window and the last two bits of news was when shareholders forced his hand, Bcl42 turning up at the deserted Bordersley Site (spell it however you like) and when I threatened him to the regulator for his reporting on the Bordersley shares transaction and the next day he released the ‘Company Update’ which said they has decided to take 100% control of Bordersley early, despite what all previous RNSs said. These where only RNSs to square up his regulatory role because shareholders had rumbled his fabrications in RNSs.

The sad fact is, Ivans confidence stinks here, because of the CEO. And this is even before we will almost certainly get to the next fundraising / shafting in the summer / AGM when he asks to raise the threshold in share capital, he will then say he has no intension to raise capital despite it and then two weeks later some bucket shop will do a £1/£1.5m cash raise with warrants galore, to which the CEO will also fill his pockets with.

JD

https://uk.reuters.com/article/safrica-banks-coal/update-2-absa-leaves-new-coal-financing-on-table-joins-other-safrican-banks-idUKL5N2C454C

In other words, SAs President told them they will be funding new coal power plants as part of the 2019 Integrated Resource Plan!

In a terrible year for us, it’s not the worst news this considering 60% or so of the power from MCIPP, MCPP and BIPP would be going to SA under PPA’s for the 2019 Integrated Resource Plan, of course, this all depends on LC doing something he’s never done before i.e. starting / completing something.

JD

Could be worse! You could be invested in Oil, they’ll be no survivors in that sector!

JD

More *******s to mask his incompetence.

JD

JD

No, LSE is not the site it once was, it can't seem to log a trade past 3pm these days, either!

JD