Member Info for Kejoglo

I bet anyone buying in here under 3p after being told how cheap it was is now wondering what the hell they have got into to.

2p looks on the cards even earlier than I ever thought! If the rate this has fallen over the last month or so continues Solo might be looking at a second consolidation! The value of long term holdings have been reduced to nothing here. The bid in "old money" is not far off "ten a penny"! Give it a few days and you'll be able to say these are "ten a penny" shares!

Old trrime has a long and colourful history of fabrication when it comes to correspondence with people. He has himself, at times, OPENLY ADMITTED to adding his own comments which he then purports are from others!

Even if these comments were true, which is highly suspect, they are expressly forbidden on this website as there is no way of proving their validity.

" I will be buying more at 2.5p as this seems to be the bottom before news". Ha! You wish! I still have your advice that these would not be available below 4p for very long ringing in my ears! You reap what you sow BigD. You were just about the only person who could have done anything about this before the last agm. Why did YOU chose to advocate backing all the resolutions which gave Ritson his continued freedom with his "spending sprees"? You had the names, you had the share holdings, you had the backing from the Helium 1 revolt and you told those wanting to tie his hands like me to f**k off. I could not have done it then but you were in that position. If you ask why am I here I will be honest. I represent a part of the market which seems pretty uninterested in Solo at the moment but as I have said before if this gets very low it will be a takeover for a song. Triple lock or not so what? UK law - good but companies get bought in the UK you know. LTH's power has been diluted away.

"Still nice to know that another chunk are with a board member." The above may be a double edged sword.

"So our new office boy has already seen his shares go down 40% and he has only been with us for a month or so. What the hell is going on??????" See any of my posts over the last 15 months for an explanation. Solo simply cannot show that it does "what it says on the tin". Just because someone comes in changes nothing if everything else stays the same - as it has. The situation is the same!

"Turning up in the barrel must be a sure sign to buy" You are obviously not in the fruit and veg business then!

The shareholders power in this company at 15% is hardly anything to shout about - it actually shows how the long term shareholders have been weakened by dilution after dilution. I seem to recall there were apparently verbal assurances a year ago that there would be no further dilution but it still happened. So what if the takeover is governed by UK law and Tanzanian Govt! Good I am glad to hear it. I am not suggesting anything would be in any way out of order or illegal - much the opposite the takeover would be both seen and trumpeted as a very good thing and indeed it would be for a majority of the shareholders but not those holding long term. Lawyers and governments soon change tune when there is no money left to run the company and someone is offering 40% above the then asking price. The share price dropping will eventually make this possible. Maybe not as an asset strip but still a takeover. Then anyone holding shares looking at making a quick healthy profit will be voting against you! Still let's see. I have a figure in mind. Next time I am a shareholder here I may well be voting to allow a takeover, unless that cash return ever happens in which I would be buying as an investor. It may be a long wait but Solo is advocating waiting every day. Put simply the market is sick of all talk and no action essentially sick of no returns on assets but promise after promise and therefore the sp will go nowhere on small volumes and occasionally drop like it has done for a year. No change = no change!

If nothing changes then guess what? Nothing changes! It is still all wait wait wait as it has been forever it seems. SP stagnation on low volumes and occasional drop. Repeat until sp low enough for takeover. Then kiss goodbye to those assets. Everyone wins except long term shareholders. The market's only interest in Solo seems to be the interest a Vulture shows a man crawling in the desert. In my mind I am firming up on a figure for a potential asset stripping takeover to kick in and it still has a long way to go down yet.

Sadly no Trader96. You asked the question and I have given my honest opinion. If this sp drops a little further then eventually a takeover will be triggered and if those doing the buying do their "homework" they will get this company and its assets for a song. Then you suffering long term shareholders will be forced to sell your shares whether you like it or not at a massive loss. Everyone else will be winners - if they do their "homework" right that is. All perfectly legal of course but still... It is a sorry state of affairs but one which could have been avoided if the course of action now being attempted was done over a year ago - but the OPPOSITE was done and those who advocated restraint (like me) were well and truly hounded out of this share, told to sell, told to shut up, told they were liars or charlatans all for having a rational but different opinion - ironically by those trying to do now what I and others suggested then. I took the loss well over a year ago - a similar loss then to yours now but crikey it could have been even worse! Who knows I might get back in for the takeover premium if the sp drops even further. If the result of today's meeting is in any way, shape or form "wait" then no you won't get your money back. Only a cash return on a asset sale will turn this round and perhaps even that is getting too late.

I did pull my finger out - I sold on your advice! You "Mr Big" had the momentum from the rebellion to stop the Helium 1 second tranche purchase which I backed completely and you were practically the only viable rallying point. When I voiced an opinion different to yours and others on here I was met with a cacophony of "f**k off"s. Hence what could I do? The only option was to sell on my own rational thinking and everyone else's hoping for the best. I may well buy back in here but this sp is now dropping rather than stagnating. If an asset sale comes only I will buy and miss out on a little bit of the rise but so what the sp will rocket. However if no asset sale happens this sp is going down then it is all about gambling at what level of desperation the sp becomes a takeover target.

All you long term holders seem to forget is that YOU allowed the resolutions at the last agm which allows them to spend on anything at any time and with money raised in any way. When I said this was madness I was told they would not do any of it (so why give them the power?) and quite simply to "f**k off if I did not like it". Bigd, Cperkin et al do you remember? Now it seems to be the flavour of the day however the long term shareholders hand was a lot stronger a year ago than it is now unless you start throwing money in at these ever decreasing levels. Trouble is that is not happening or the share price would not be dropping. When will it be low enough for a takeover to be "backed" and you can kiss those juicy assets bye bye for a song?

You told me that 4.6p would not be around very long and every price down as well! Fhe only time you talked any sense was the brief period you sold before averaging down after Ritson's last dilution. Your opinions are self serving and nothing else.

Who got mugged Cperkin? You don't make it clear. I assume you must mean whoever was "easily parted" from their money at 2.97p.

Your guess is always "next week"! It has been more or less that for a year! Sub 3p trades happened the other day. Dipping the toe before diving in it seems. This malaise may well benefit some in the long run but not the long suffering long term shareholders.

"But hey you probably know better Kejoglo." Well only better than you Cperkin it seems as you were saying these were a steal well over a year ago and constantly since and I need not reiterate how very wrong you have been. As for Mr Fitzpatrick being smart - I don't doubt it for a moment, however I am sure he his smart enough to know there is more than one way to skin a cat.

In March 2017 recovery was just a month away! In early summer 2017 everything would be sorted by August - then September was THE time - then people stopped saying the "month away" business because it had worn too thin. Still you have to say it for any newbies in here who might be thinking they have jumped on the wrong boat. Testing in a month! So what? Time and again so called "good news" does absolutely NOTHING to the Solo sp because the market is not interested in anything but a result at the moment - not potential not assets none of it - only a cash result. That even the concept of that happening in the foreseeable future is seen as ridiculous by many on here shows just how far away from recovery Solo is. The recent director changes may well have kept this sp above 3p for a while but without cash the only possible sp outcome is stagnation or a slow drop. Tiny volumes of course is a given and a possible takeover for a song if the sp does in fact drop further is an outside chance as by that time any long term holders would have been diluted out of any power and more recent holders happy for a quick buck and who knows some people might get nice job offers..

Be careful that you don't equate personally making a "big fat profit" with making a profit for the shareholders! The two are absolutely not the same thing. In fact the way Solo is being run they seem to be mutually exclusive goals most of the time. Good news, good news everywhere but not a sp rise in sight. Why? Because there is no reason to buy now and every reason to sit on your hands and wait. If Fitzpatrick can do anything that Ritson cannot then why not kick Ritson into touch? My guess is he can do nothing more but his presence, however welcome a distraction in the Solo Malaise, has done for the sp what all good news (except cash) will do - a big fat nothing.

... and when the cash runs out they will start paying themselves in shares! Literally diluting your shares value to line their own pockets for doing what? A cash return was needed six months ago not in an indefinite future. Patience is required? Tell that to someone whose house is on fire. No news however good will change the stagnation and slow drop - except cash in the bank. How much cash? That is a purely academic question at the moment is it not?

"However I repeat my view that Neil's recent dilution strategy is more about securing his position rather that shareholder value" ABSOLUTELY CORRECT! and I don't mind capitalizing that!

"He has no control over the vagaries of the stock exchange" What??! He has diluted the share price by buying things with money he has not got. You are correct in that he cannot control the stock exchange as far as making people buy but in making them sell and actually diluting each and every shares value he has had a great and on going impact! You can argue that it may or may not be for the best in the long run (I know which argument I would chose) but as far as the sp now he and the BOD must shoulder almost all the blame. If you want to blame third parties do so but ultimately Solo is in the position of relying on third parties because of Ritson and the board.