Member Info for putneylad66

Flightman, funding has already been agreed at 15p, that's nearly 100% premium from here!!!!!!

Should be finalised very, very soon!

I agree donotpanic. Have had a few false dawns & spikes before.

Hopefully this is the real deal!!

A '1' trade went through.

That can only mean one thing...…….lol!

Some kind of news could drop today, a good move, chart looks great for a rebound from here.

Well done long term holders.

A great flurry of buys, has something ben leaked?

With the deadline approaching for the completion of the share purchase by Future Group, there is a very strong possibility that there could be a delay. Koovs have been notified of this by shareholders.

Although not the end of the world, this news could cripple the share price further as the management already lack credibility in many shareholder's eyes.

Koovs could counter this news with a 3 month trading update...…...we will soon find out.

Hi Matt, hope you're well!

That rns clearly states that FLFL will take it's ownership up to 29.9% WITHIN 6 months of COMPLETION of the equity raise which was launched on 4 July 2018.

Those are the exact words Matt.

The equity raise was completed early on 6th July 2018.

So Koovs have categorically stated that this will be completed by 6th Jan 2019.

I agree donotpanic, Koovs will have no choice but to release an rns either tomorrow or Monday as to where they are with the FLFL deal which they themselves said would be completed by 6th Jan. They have haD 6 months to chase this up! Again, why wait until the last minute. Obviously the delay is at the other end (Reserve Bank of India RBI).
It's a shame it takes disgruntled shareholders to continuously write to or ring the company to prompt them on how they should conduct themselves. Very amateurish.

glenglen, the 15p was agreed ages ago. Nobody knows the terms, but Kishore Biyani has agreed to 15p & put his daughter Avni Biyani on the Koovs Board. Expecting another Board member to join soon.

Has anybody else got any questions we think the management of Koovs needs to answer? I am compiling a list.

Jambon, are you virtually saying that it is guaranteed that Koovs will get over 40p, Lord Alli's break even price?

Jambon, what I meant by delaying the Interims was that they were leaving it to the very last minute, like they did last year & the year before. They did NOT do anything wrong & reported within AIM guidelines.
Many well run companies released news earlier within the reporting period. The companies that tend to leave it to the last minute general post rubbish results. That is what I didn't like.

Thanks donotpanic! What I meant by stores was actually concessions like you see in department stores. This is what they opened in Gurgaon nearly 3 months ago in one of Future Groups Central Malls. There are 42 Central Malls.

Another question I have is what happened to the concession that was meant to open in AeroCity, Delhi? This was announced at the same time as the Gurgaon outlet on Instagram.

One store (concession) in 3 months is not good enough considering the fuss being made by FLFL'S offline presence by Koovs.

I also want to know the direction Koovs is now taking with FLFL, as all is a little vague at the moment.

Pascha- you keep saying that quality isn't great- that is from your 'friends in India'. I have sampled their clothing & it is very good. The finishing is spot on. I wanted to see the quality for myself which was much better then some of the rubbish from UK fast fashion big names.

I am not here to defend Koovs, far from it. Just looking at the Chairman & CEO's statements over the last couple of years in relation to the share price during that period will tell you all you want to know.

But the lies being told by a particular poster are out of order.

Coming back to Koovs, did anybody see Next's results today? They even gave a weekly chart of their progress.

I mentioned the other day that with the current technology, retail companies will have a day to day idea of where their business is going.

We need to know the progress of the company since sept 30th, as this is the only news that could reverse the downward trend & continuous selling.

We need to know why only one store has been opened in nearly 3 months, especially as Koovs themselves announced that FLFL had 2000 stores.

I honestly can not believe that the CEO of a company that under their watch has seen the share price go from 80p to 8p is still in post.

I also agree that Future Group will eventually take out Koovs. I doubt Lord Alli or us will get 40p. He will accept a lot less which is better than nothing, considering that Koovs were on the verge prior to the Future Group deal.

We need to stop arguing with each other & stop pretending that Koovs are the bees knees. They have let everybody down. I doubt there is a single shareholder left who is up on their investment.

Lets get that list of questions & demand answers. I've listed a few above.

I also want to know what Peels Hunts role currently is. The 3 names on the Koovs rns all refuse to answer e mails. Rememeber they had a 100p target, dropping to 80p, then went all quiet which is totally out of order.

It was very clear on the 4th July 2018 that FLFL will take it's ownership to 29.9 % within 6 months of completion of the equity raise. No ifs, no buts, Koovs have until 6th July as I stated below.

Not sure why they are leaving it so late. If there is a delay, I'm sure Koovs will notify the markets.

On the 4th July 2018, an rns stated that ''FLFL has conditionally agreed to take its ownership up to 29.9% within 6 months of completion of the Equity Raise.

On the 6th July 2018, an rns was released ''following significant interest in the Equity Raise, Koovs today announces that the bookbuilding exercise run by Whitman Howard, has closed early....''

So 6 months after 6th July 2018 is 6th Jan 2019.

There has to really be some kind of announcement before that date.

Pascha, apart from exaggerating Lord Alli's wealth 5 fold, you really need to stop lying. Losses haven't increased. They reduced due to less spend.

Stop lying about your mates telling you about the poor quality.

Stop lying about Koovs blocking emails. I get an answer back every time ; )

Can you prove that Instagram followers are paid for. (Libellous).

There isn't a constant sale on their APP.

You claim that Future Group can renegotiate the share purchae price. Another lie.

As for nepotism- that's how India rolls! The Gandhi- Nehru family dynasty has run India for nearly 50 years since Independence. Bollywood is rife with it, as is the culture over there. Even within Future Group you have Kishore & his cousin Rakesh running the show.
I said a few months ago that I hoped one of Kishores daughters either Avni or Ashni would come on board.

Avni is an accomplished Director within Future Group & I hope one day she becomes CEO.

I agree that the December Interims were appalling & the worst set of figures I have ever seen with any company.
This is a fresh start for Koovs which I believe under the current CEO Mary Turner was on the brink.

If the current CEO is removed & Future Group have more of a say, then Koovs will do well. If the CEO remains, the company will not move forward, as her flawed business plan has come a cropper.

Pascha, how much money did you lose with Koovs? Don't take it out on shareholders- it's not their fault. Raise you concerns through the company or the FCA. Either that or you are a disgruntled ex employee.

Yes Koovs have failed & let down long term holders with their exaggerations & big talk, BUT that was before Future Group rescued them from near administration.

Koovs has a chance now to start again, with a new business plan/ model, hopefully a hybrid one- not sure why they have only opened obe store in nearly 3 months though.

As I said before, with fresh new management, Koovs can do well, nut need to get rid of the failure CEO Mary Turner first.

You really are embarrassing yourself now Pascha.

You reckon you've spoken to a couple of mates who told you the quality was poor lol! I've had many products shipped in from Gurgaon through my contacts & have been very impressed.

You know very little about Koovs (Alli worth a billion lol lol lol!!!!), know little about e commerce & even less about India.

I still remember your laughable posts about tailors replicating clothes on street corners.

You still give me a laugh, pretending to know what you are talking about.

You need to be careful with your lies. Lord Waheed Alli is worth about £200 million, not a billion- behave yourself!

The period from Oct 1st to Dec 13th was too short.

Where did the fca get into all this? Pascha didn't mention anything about the fca, just the company blocking e mails, just like the company blocks trolls on Twitter lol!

Pascha- do you even hold shares on Koovs, or are you sniffing around for a re entry. Either way you definitely seem interested