Member Info for putneylad66

Thanks Pascha, I'm confident that Koovs will eventually come good. Does feel like a lifetime being in this share. Not many ups & lots of downs.

I believe there will also be a detailed forward moving statement giving details of the tie up with FLFL.

Trading must surely have improved too, with all the extra advertising & promotions. Lets see if the 'green shoots' have developed.

I'm also looking forward to see who the new Board member will be.

Great to see some sensible debate/ discussion had between posters in the absence of the disruptive & abusive ones.

Pascha- having entered at the IPO of 150p & selling out at a much lower price- would you be interested in buying back in with so much news flow expected in the next week or so?

Yes, all looking good for Koovs. Expect an exciting couple of weeks coming up with news from a few fronts.

FLFL have until 27th March to complete funding. They are cutting this a little fine.

graybird- obviously this will not go to 15p on funding news, but the uncertainty of funding will have gone away in the medium term. The markets hate uncertainty.

Kishore Biyani isn't 'just someone. Read about him & his cousin Rakesh, the two main men when it comes to retail in India.

The Biyanis & Future Group saved Koovs from almost certain self destruction. Hopefully they will have more input into the strategy moving forward, which has failed so spectacularly in the past under the current CEO Mary Turner.

If you're going to keep posting that, post the whole lot, including the important bit that you conveniently keep omitting....

we anticipate the balance of the additional funding of £9.5m to £10.5m to be subscribed by FLFL into the Company (as announced in September 2018) to close shortly, subject to necessary regulatory approvals or via an alternative structure, as may be permitted under the Indian Laws. We will announce further details in due course.

Ok- do you think the deal will be done by 27th March at 15p?

Black Diamond- appreciate your replies. A certain balloon on here tries to stifle free debate by reporting anybody who has a different view to him.
Just looking at the accounts tells you how much they spend every month.

What reply did you get? I have seen the email sent to Trebuchet Kid on Twitter.

The CFO categorically assures that if they had any indication or information that there was an issue with the subscription agreement, announced last year regarding the additional funding, then they would update the market.

Price action/ trading tells me from my experience with Koovs & AIM, that something is not right.

But the CFO states that everything is ok!

If there is a problem with the 15p fundraise, then I'm afraid the CFO Robert Pursell will have a few questions to answer.

Isn't it strange that the invisible CEO Mary Turner never acknowledges any emails & gets the CFO to answer all the questions......

Reassuring message from Trebuchet Kid on Twitter, Black Diamond- worth having a look...….

Jambon- when Koovs were on their knees & only had £3.5 million left in the bank, they conserved cash by 'only' spending £0.75 million a month. Look at the losses each year & I'm sure you'll be able to work out. It is very high.

I will not give an exact amount, because even if I am 1p out- you will report me for lying.

Ok Black Diamond- lets count out the revenue stream for further contracts. Koovs are at least 2 years away from profitability. They have put this back year after year. H1 showed revenues of just £2 million. They have a massive issue with excessive spending, so HAVE to raise money now & in the medium term.

That is a great post Black Diamond BUT Koovs do need the money. Obviously, as a large shareholder, I don't want to see dilution, but we have no choice, unless of course Koovs win several other technical contracts in the short term- which is very unlikely at this late stage.

Koovs burn more then that contract worth each month.

Can you see Koovs getting one of these contracts every month?

So in a nutshell, Koovs needs this 15p per share £10 million deal to happen- they have no choice.

Jambon- you seem to think that the 15p funding is a guarantee.

If that was the case, why is there virtually zilch buying?

What does 'subject to certain conditions mean'? Is it a get out clause for the provider of the funds FLFL.

The management here have failed to deliver on numerous occassions- they had better not let us down again, as something does not feel right.

Because the deal is subject 'to certain conditions', you have to stop misleading people into thinking that it is a guaranteed outcome.

FLFL are now calling the shots. Why has this deal dragged on for so long? We are only 5 trading days away from the March 27th deadline. Why is it taking so long?

Bear- if the 15p happens before 27th, there should be a re rate.

It all depends if news is still sold into, like the last rns, where a 10% rise was sold down to 3%

If the seller (could still be RufferLLP) is done, this could go straight to 10p

Step back & read what you are writing. None of it makes sense.

I don't mind you posting- but don't post your jibber- jabber.

You are constantly disrupting the chat on here with your limited knowledge & weird statements.

The volumes were less than 2 million- don't mislead.

In your world, 2 plus 2 equals 5.

The daily volume was less then 2 million, with a paltry 3% rise- so nobody knew anything!!!!

"Nobody here cares if anyone else makes money or not!! Although i do know there will be some bitter faces at the thought of me making a killing when this gets to a truer value...."

Just read what you have written. It is a massive contradiction- proper comedy gold- just like everything you write. You ruin the chat every time you appear.

What is the £20k bet all about?

Jambon- are you for real? It may have peaked at 10%, but was sold down to finish at 3% & has fallen since. So stop talking rubbish.

Why are you so disruptive? I am a large shareholder just like you. I also want the company to do well. We should be working together. Koovs management must be laughing at all us bickering shareholders.

Pascha- I really hope the 27th March date given by the CFO wasn't just a ploy to buy more time. That date was the 6 month mark from when the last batch of shares hit the market. The shares for the recent equity raise were admitted on 27th September 2018, as announced on 24th September 2018. This gives FLFL until the 27th March 2019 to complete the second investment.

They have until next Wednesday 27th March.

Jambon- you talking about the day when this went up a whopping 3% and was immediately sold into & has been sold into ever since? Nice one!

There are clearly two camps of thought here.

The camp of Jambon that states the deal will be finalised on or before March 27th.

The second camp of seasoned more experienced investors/ traders are not convinced with the current price action or credibility of the management to deliver.

If you are right Jambon- I will eat the biggest slice of humble pie ever & will forever be indebted to you.

Ok Jambon- I will correct my mistake, signed BUT SUBJECT TO THE SATISFACTION OF CERTAIN CONDITIONS.

SO IT IS NOT A DEFINITE LIKE YOU MAKE IT OUT TO BE BECAUSE NOBODY KNOWS WHAT THOSE CERTAIN CONDITIONS ARE!!!!

Why won't you answer my question about all the large sells just days before this earth shattering news?

Why do you just want to argue? We're all on the same side, we're all shareholders with an ultimate goal, trying to find out what the heck is going on.