Member Info for putneylad66

Jambon- from the 19th July rns, 'FLFL has CONDITIONALLY AGREED'

That means that there are CONDITIONS!!!!!

Stop misleading people saying that a deal has been signed- stop lying.

The deal will be signed once conditions have been met. A bit like buying a house. The checks are all done before you sign.

Have you just got into trading/ investing?

Pascha- the March 27th date was not rns'ed, but Koovs have emailed certain shareholders- I have read the email, that March 27th is the 6 month deadline. I don't know

I am just baffled seeing all these chunky sells prior to such big news.

Do you think the deal will happen & who would be selling such a large amount now?

Jambon, I've missed the last 2 AGMs. So you have gone from several, to a few, to a couple- well done.

Now instead of spamming the board with your petty rubbish- try answering what I said earlier.

With only a few days to go to the 27th March deadline- why all the selling & virtually no buying?

Since we last spoke, there have been sells of 333,097 & another 75,000 sell.

Don't you think this is worrying?

As I have said before, if there is bad news in the next week, with this selling happening now- I will be taking this further.

Great post Ollie- but with the impending 15p per share having to take place within a week, why do you think there is so little interest?

I am baffled to see sells & virtually no Buys. Surely it's a no brainer, unless things are not going to plan.

Are you for real Jambon? You have never met the BOD of any company before? You never been to an Investor presentation before. Have you just started trading??

So what if the CFO answers questions- acting as the company secretariat- that's his job!

Now stop disrupting the board & either answer the questions or keep quiet.

' you have had several chances to go to agm's '

What are you making up now? I have not been a holder for several years!!!!

The 'a' in agm means annual!

Now listen carefully. I know that you are pretty new to Koovs & are pretty naive to all this, but if you're not capable of conversing for whatever reason, then don't get involved. It's clear that you are out of your depth/ comfort zone when dealing with the big boys.

I have asked some sensible questions on here which you just can't answer.

Jambon- I have stated this before & I will state it again. Koovs were not interested in meeting shareholders. They were also not interested in any kind of roadshow/ investor presentation.

In fact they aren't really interested in any kind of interaction with shareholders- which is why I have very little regard for them

Not only is there a lack of Buys, but the infrequent largish sells are worrying at this stage. Today there have been 75k & 50k sells, on top of the 350,000 sell from Friday.

Why would anybody be selling now? I just hope they don't know something we don't!!!

With this pattern of selling, if there is any bad news from Koovs- watch this space!

My main worry at the moment is the complete lack of interest/ Buying so close to the deadline of March 27th.

I hope all is on track.

The 15p price was actually agreed 6 months ago. It's up to Koovs & FLFL as to whether they will deliver to shareholders or not.

Long term shareholders myself have been let down many times with Koovs in the past, especially when it comes to them raising money.

All I will say is that they had better deliver this time around!!!!

thechancers- at this point in time, there are a few good reasons to consider buying into Koovs now.

The current management have failed miserably in India BUT it has been strengthened recently. Billionaire Kishore Biyani- the retail King of India via Future Group will soon hold just under 30% of the company. His daughter Avni Biyani (extremely successful with Foodhall) became a non exec Director in January. She will probably answer to her Uncle Rakesh Biyani. I personally believe she is being groomed for the top job, which is currently held by the inept failure CEO Mary Turner.

When the Future Group deal is completed in the next week, Future Group will add another person to the Koovs Board to strengthen it.

With this announcement, we should also hear of progress with the FLFL tie up, which looks to have been extremely slow thus far.

April should see a trading update for YE 2019, where investors will be looking for improvements in revenues & margins (I believe it will be promising). Koovs have been very active with their advertising in recent months.

Hopefully the Institutional Investor Ruffer LLP who once held 15 million shares will have finished dumping. I still believe the large sells & selling recently (inc the 75,000 shares sell today) has been them. Once done, those investors waiting on the side lines could start buying in. I personally believe that they are virtually done.

With the share price this low- it is virtually priced to fail- which it won't.

Indian business men/ women are extremely shrewd & savvy & they will hopefully be looking at cutting costs- especially as this company has spent, spent, spent millions of pounds since the 150p IPO with very little to show for it thus far.

To be fair, Lord Alli doesn't take a wage. Turner takes £50k but does get millions of share options.

CFO Robert Pursell gets £175k
Non Exec Director Emily Sheffield gets £75k
Non Exec Director Nina Amin gets £50k
Non Exec Director Baroness Rebuck gets £50k

Paying these people good wages would be acceptable if the company was delivering- but it hasn't. I am hoping they will all be replaced soon.

Could be an exciting week ahead- good luck!

Jambon- you're not the sharpest tool in the box, are you?

With regards to the FCA- I AM VERY CLEAR ON THAT. I AM TALKING ABOUT THE FUNDING WHICH ID DUE ON THE 27TH MARCH 2019.

Is that clear enough for you? I'm talking about their conduct on previous occasions.

What part of that can you not understand?

Jambon- If you are not capable of conversing with the big boys, don't get involved.

I'm just concerned at seeing all these SELLS prior to news on or before 27th March.

As I have said before, us long termers have seen this pattern with Koovs before.

So once again, Koovs HAVE to notify the markets prior to that date with news of funding OR a delay.

If they do not notify, then I'm afraid I will act on my word re FCA.

Any thoughts?

Hi Cyril- can you elaborate on that, as I'm not at all aware of how advertising works on YouTube. That video has 20 million views. At 5p per view, are you saying that Koovs has to stump up £1 million? There's just no way that Koovs has that kind of money to pay for a single ad.....

A 350,000 share SELL has just been declared form Friday as the selling continues. Why is this happening so close to the 15p deadline???

Long term holders like myself have been in this position far too many times. As I have stated before- If the deadline comes & goes without a word from Koovs, I will have no choice but to contact the FCA. Had enough of the way they treat shareholders, especially long suffering, loyal ones like myself.

The latest Koovs ad has amassed over 24 million views on YouTube in the last couple of days

https://www.youtube.com/watch?v=PTbJ8kkHKi0

With a little over a week to go for the deadline, you'd think there would be more buying interest with the share price currently at 7.5p.

This is HALF the current & last placing price.

Once confirmed, it will be very difficult to buy any quantity in this illiquid stock.

It has been over 8 months now since Koovs announced the tie up with Future Group.

In that time they have opened 3 concessions in Malls in & around Delhi. Why is the progress so slow?

Koovs haven't even had the decency to announce this. This has been found out via social media!

Retailers in India are massively expanding offline, as this is the way forward. The pure online model is not working over there.

I hope that Koovs do not get left behind. They need a fresh, new approach & dynamic leadership. I have never seen such poor, weak leadership, presiding over a company that has seen the share price collapse from 70p to 7p under their tenure, whilst not bothering to keep shareholders updated with what is going on.

I remain, because I am hoping for new leadership in the not too distant future. Kishore & Rakesh Biyani do not tolerate failures.

I'm surprised that there hasn't been more comment on the following statement from Koovs

"subject to necessary regulatory approvals or via an alternative structure, as may be permitted under the Indian Laws."

This has dragged on for months now, then we get this riddle! I take this as saying there are obstacles with RBI authorisation & they are looking at other ways to get through the red tape. Any thoughts?

Pascha, I know that you have stated for a while that there could be problems, but myself & others have seen the email from the CFO stating the 27th March deadline.

I hope he wasn't just buying time to fob off shareholders.

If that day comes & goes without a word from Koovs, I will be taking this matter to the FCA.

Neil, have a look at the old rns's. This was all agreed going back to July 2018. Has been very, very slow, but Koovs are aiming for March 27th