RE: Powertree £5m investment6 May 2025 15:28
NORM, what i was talking about when I mention KIBO is that RIVER bought out KIBO 19% of MED at the time, and has a lock in agreement with PK not to bash the Market with them DYOR, I said I don't know when that agreement comes to an end, and if RGO is now reducing that £120k worth it in an orderly Market, and this was the RNS
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company announces that, further to its ongoing efforts to tidy up the Company's balance sheet ahead of the Reverse Takeover as announced on 16 September 2024, it has signed an agreement with RiverFort Global Opportunities PCC Limited ("RiverFort"), a 3.25% shareholder, to provide for partial settlement of the current outstanding balance on an existing loan (the "RiverFort Loan") of £462,871 (including interest and fees pursuant to the agreement) by sale of its remaining 19.52% interest in Mast Energy Developments PLC ("MED") to RiverFort (the "MED Share Sale"). This follows the Corporate Restructuring, including revised arrangements with Riverfort, as announced on 20 June 2024. Kibo's 19.52% Interest comprises 83,211,746 MED shares (the "MED Shares") which are being sold to RiverFort for £120,074 being their market value on the London Stock Exchange calculated at £0.001443 per MED share calculated as the volume weighted average price per share on 27 September 2024.
and that's why I would like to see PK buy them back, because what you can see from getting involve with them in the past they always end up owning you and most of your stock over the years until you have to sell out to them on the cheap I'm only speculating ATM as they have been a good partner so far and we are grateful for there help in getting us to where we are, but it's better to be safe than sorry
Regards