Been here a while, i believe now is the time behind the scenes big things are happening. Long term holders (some not in the black yet) know med3000 is going to upset the ED industry on a massive scale and some big pharma company is eyeing futura up right now. Just hope we all get a great return.
I've been in kod a long time. On paper it's a great investment but don't put all your eggs in one basket.
Mali has always been an unstable country so another coup d'etat can send kod crashing. This is the only risk i see for us here and I hope this doesn't happen of course.
https://find-and-update.company-information.service.gov.uk/company/11589976/filing-history
Any ideas on what we are going to do?
Consequently, the Company has requested that the listing in its shares is suspended with effect from today at 7.30am GMT until the FCA has approved the eligibility of the enlarged group as a result of the reverse takeover, in accordance with Listing Rule 5.6.21. The Company's existing listing will be cancelled and the shares will be re-admitted, subject to the FCA's approval, if granted.
The Company and its advisers are working towards completing transactions iii) and iv) to enable trading in the Company's shares to recommence as early as possible in 2022, however the exact timing will depend on the FCA's approval process.
Chris Jeffries, CEO of Dev Clever, commented, "We are working closely with the FCA and our professional advisers to finalise the prospectus which is at an advanced stage, and look forward to our shares relisting as soon as possible in the new year. I am delighted with the operational progress Dev Clever has made in recent months and will update shareholders on developments with our partners in India and China in early 2022."
THESE MF's HAVE A LOT TO ANSWER FOR
Mon, 29th Nov 2021 07:00
RNS Number : 8013T
Dev Clever Holdings PLC
29 November 2021
For Immediate release 29 November 2021
Dev Clever Holdings plc
("Dev Clever", the "Company" or the "Group")
FULL-YEAR TRADING UPDATE
Significant progress made, well positioned for further material growth in 2022 led by operations in India
Dev Clever, a leading developer of online and immersive career guidance and development platforms, is pleased to provide the following trading update for the financial year ended 31 October 2021 ("FY21").
Summary of Trading for period ended 31 October 2021
The Company made significant progress in FY21 with revenue expected to be circa £7.4m, an increase in the region of 500%, on the previous financial year (FY20: £1.2m). This figure includes an initial recognised amount of £3.6m for the first phase of the Company's innovative partnership collaboration with Aldebaron DMCC. Adjusted EBITDA is expected to be materially ahead of management's expectation. The Company ended the year with net cash of £7.5m.
Summary of operational progress
During FY21, Dev Clever made substantial operational progress with its bespoke partnership model and relationship agreements with Veative Laboratories, the National Independent Schools Alliance ("NISA"), Aldebaron DMCC and the CSC Academy in India ("CSC Academy"), as well as building on its existing market positions in the UK and US.
India
In India, Dev Clever made progress in line with its agreements with NISA and CSC Academy, and the roll-out of the Company's capabilities to NISA-affiliated Budget Private Schools is presently ahead of schedule. As at 26 November 2021, over 1,000 Budget Private Schools comprising c.500,000 pupils had Dev Clever capabilities in operational use, this being 25% greater than the original internal partnership forecast. Non-NISA-affiliated schools have also begun to approach Dev Clever directly, significantly widening the pool of opportunity from the c.70,000 NISA-affiliated Budget Private Schools to the wider Budget Private School ecosystem of c.300,000 schools that exist in addition to the 1.1m public sector schools. The Company will continue to on-board users in a controlled manner.
As previously announced, the Group's partnership with the government-backed CSC Academy will progress to Phase Two in calendar Q1 2022, further underlying its initial success. Dev Clever's proprietary immersive career guidance and learning platform will be rolled out to all CSC Academy centres across India, covering 2.6m students. Dev Clever will receive a one-off on-boarding fee and an annual SaaS-based subscription fee for each student, to be paid directly by the CSC Academy on behalf of the student. As a result of the success to date, the Company has now commenced initial conversations with other regional government departments in the country.
UK
Dev Clever completed the successful acquisition of The Inspirational Learning Group ("TILG")
WTF!!!!!!!
Hopefully news incoming