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Something like that, Bcl. It’s going to happen, so if this guy has any shred of decency and and wants to thanks us PI Mugs for building the company, he should give us first refusal. Then get his mates at TS Capital / Beaufort / Sanderson to underwrite what is left. You could allow existing PIs to double their shareholding (pure example) at a heavy discount then give them the warrants, he would need our approval at a GM / AGM anyway. Give us a wee thanks ffs. But I’m not holding my breath.
JD
This has EUA written all over it, there will be another round of financing / confetti issued in the summer, at bargain basement prices with BoD buying in further with lots of warrants attached. Then, as EUA it will start to do something, those in at 0.3p will make a killing and the idiots who funded this for years will be left with the losses. Sad, but I’ve learned a lot on the job here, and it has taught me a valuable lesson.
JD
Hi Gillie,
Oh he knew alright, it's LC's biggest flaw (one of many yo be fair) IMHO. When he sees issues and delays he retreats to his bunker, what he should be doing is being proactive and getting out there and informing shareholders. When we get silence shareholders have to go to the construction site and shoulder hat is happening for themselves, that is disgraceful management, he needs a good shake.
JD
Agree, probably a buy, once the new tax year gers here for me. The demand for peak energy hasn't gone anywhere, but prepare for a delay and for us and the CEO to dig in for 6/12 months.
JD
The truth is it doesn’t matter does it?
As long as you have food in your belly, a roof of your head and a well family, who really gives a **** if Kibo takes another 5/10 years or never to come good? Perspective, dear boy.
And the Private Fraser routine is getting a bit jaded.
JD
It’s a positive update, actually. We are in unprecedented times, and have an Italian partner, of course we where going to be hit, a proactive CEO should get out in front of the news and control the narrative. I’m actually, happy with that.
JD
We will find out how much LC loves this business and wants it to survive, that’s for sure. Bizarrely, not having any real costs other than administration / salary costs to worry about will probably be the saviour here, there is wholesale carnage out there, it’s survival right now, nothing else.
Bcl, did you manage to go to the Bordesley site?
JD
Ivans, nothing here (or anywhere else for that matter) is behaving in anyway a rational manner, it’s a pure fire sale out there, you’d think the earth has stopped spinning.
Take stock (pun intended) and I hope it becomes really silly in the next few weeks just in time for the new ISA Allowance year. I may even make money from it.
JD
‘Cashed their warrants’? They exercised theirvwarrnts. They haven’t sold any their percentage shareholding is decreasing because Louis Coetzee is spraying the confetti around to his mates at Sanderson to the detriment of Kibo shareholders.
JD