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With all due respect Bwana- this calamitous lot have been trying to raise money since May 2017. A basic amateur armchair investor will tell you that the market does not like uncertainty- especially when fundraising is concerned. Now look at the graph during this period. They did not even keep investors informed of any trading updates for the first 9 months of the Financial year- then unleash a shocker!- totally unacceptable. This is why I hope that Robert Bready will not be the last to go. The CEO Mary Turner & her sidekick CFO Robert Purell need to be shown the back door too.

Just got this from a fellow investor... I too have been in contact with the company & they replied that they are confident in closing the current funding round. They can�t say anymore due to AIM rules. So all looks good. Remember Lord Waheed Alli had similar problems when ASOS was 4p, now nearly GBP 70 (7000p). Now who said to be greedy when others are fearful????

I urge all share holders to contact the company now. The management are a disgrace with no concern for the share holders. They can be contacted on company.secretary@koovs.com CFO Robert Pursell Robert.pursell@koovs.com 02071510170

Also agree. Looks like funding talks have failed & a quick fire sale is on the cards either to Flipkart (who purchased Jabong) a while ago or Amazon India which is looking for high margin labels. The current team have badly let down all share holders. Will take 20p all day long!!

Bwana- have you heard anything more about the calamitous fundraising that has been dragging on since May 2017? I have spoken to other share holders who are not getting any replies back by email or phone from CFO Robert Pursell or CEO Mary Turner. There is clearly a problem here. I know worried share holders are seeking further advice as to whether any listing rules are being flouted here with regards to this. So much for this listed company being transparent. They can be contacted on company.secretary@koovs.com

Nina Amin MBE was not put in place for the company to go into liquidation. Major shareholders are making demands & want changes. Chairman & largest share holder Lord Waheed Alli with 34 million shares, over 20% of the company will not let that happen. Remember that he is one of Britains richest men & is well connected. Too much to lose financially & reputation wise for this to fail. Expecting news next week. Good to see they got rid of some dead wood in Robert Bready. Just the CEO MARY TURNER & CFO ROBERT PURSELL to go now. This double act who have previously worked together can also go together.

The silver lining here is that a rescue package is now being sorted out. I refuse to just call it fundraising, as the situation has gone way past that stage. They are in a kind of Dragons Den scenario here, begging for cash with the Dragons having the upper hand. Just imagine if this lot turned up on Dragons Den- they would be laughed out of the studio!! Anyway, hopefully exit packages are being worked out for the incompetent duo CEO MARY TURNER & CFO ROBERT PURSELL, who must take full blame here. Took Koovs from triple digit growth to no growth & blamed it all on everything but themselves. They need to hurry up with a cash burn of approx. GBP 1.5 MILLION per month.

Bwana, there is no doubt that Nina Amin MBE was brought in as part of a wider rescue package at the request of larger beleaguered share holders. As a Chartered Accountant, she will audit & oversee the finances here. Which is why the position of the current CFO ROBERT PURSELL is now untenable. The bottom line is that Koovs is a listed company & treats its share holders with utter disdain. What other company does not provide a trading update for 9 months? The funding by convertible loans at 40p will not happen now in my opinion. It is too late & pointless as it has been dragging on since May 2017. They failed miserably on that, misleading shareholders that a successful completion was soon due. The next funding round will be required very soon anyway. GBP 10 MILLION is not enough. What I believe will now happen to save the company will be a Fundraise at approx the same market cap of the company GBP 20 MILLION by current major shareholders. Unfortunately for CFO ROBERT PURSELL & CEO MARY TURNER, it looks like a major part of the package will be joining ROBERT BREADY on the scrap heap. The potential in India is massive- it's just the management here are a total joke with their flawed business plan & lack of regard towards shareholders. With new management, this company could recover.

Notice that the new Non Exec Director Nina Amin is also a Chartered Accountant. Maybe she's vying for the current CFO Robert Pursell's job. Since he came in, the share price has fallen from 75p to 14p. He's been an abysmal failure, just like Robert Bready was & should join him on the scrap heap. Remember that he is in full control of the out of control finances here. What are they waiting for? For the current cash to totally run out? May 2017 these jokers have been trying to raise cash! Personally, I believe that any potential investors that are still interested are negotiating how much of the company they will take in return from saving it from going bust. The joke of a management team have put themselves in this rubbish situation & don't hold any cards now. Beggers can't be choosers! I wonder how many listing rules they're flouting by not informing the markets & share holders that they're struggling to raise cash & have been since May 2017

Still no news on Funding with Peel Hunt & Koovs management refusing to talk to retail investors. These clowns really need to sort out the funding- dragging on from May 2017 when the share price was around 50p. Every day that passes is another day of no market spend which is affecting revenues. I'm still hoping for a quick fire sell to a company that knows what it is doing. Got no words for the joke of a CEO Mary Turner & once again call for her resignation.

Nina Amin MBE, is partner and head of Asian Markets at KPMG. She is a chartered accountant and has many awards hailing her one of the best in the industry. In 2013 she was awarded an MBE for services to the Asian business community and she also has a 2008 award for Professional of the Year and the 2009 Asian Who�s Who Leadership award. Not exactly sure what she will contribute to Koovs as a Non Exec Director, but an appointment like this at least shows that everything is ok with the company. Still can�t believe they haven�t completed the fundraising. Peel Hunt refusing to talk to retail investors. Koovs also refusing to talk to Investors. I�m still hoping an active investor comes on board & takes control, whilst failures like the current CEO Mary Turner join Robert Bready on the scrap heap. With the help of Robert Bready, the Share price went from IPO launch of 150p to 13p- well done mate! I see he is now a freelance consultant- I doubt he�ll get much work with his poor record.

Once again, they have spent tens of millions on marketing & scaling up growth over the last few years creating the Koovs brand. Lord Alli has clearly stated that he will borrow money when he has to. The loans are a way of avoiding dilution. As the largest shareholder with over 20% of the company 30 odd million shares- do you really think he will let this fail? He has a lot to lose, not just his money, but reputation too. This share isn't for everyone. If you don't understand how companies scale up growth in nascent economies like India, or don't understand Demonetisation & GST, it really isn't worth getting involved. Great to see new interest though!!

Koovs have been extremely busy of late, finalising the funding round & working with Simply Be on their UK launch capsule collection. Also Peel Hunt have an 'under review' rating on the stock. They will release a new note once funding has been sorted & or if Koovs provides a quarterly update to the market for the first 3 months of the Financial year. They have spent tens of millions in creating the brand & scaling up growth. Now they've reached a pivotal point. 2018 could be the year!

Basically poor results because of Demonetisation & Goods Service Tax GST introduced in India, together with future funding concerns caused a massive overreaction. There has been a big bounce in the e commerce sector since, even KOOVS have acknowledged this. With modest additional marketing spend, the important month of November delivered a significant year on year improvement across key metrics, with Sales up by 17% to GBP 1.7m and website traffic up 43%. Hopefully, once funding is sorted out, marketing spend can continue & Koovs can move forward.

Only last week, one of Britains richest men, Labour Peer Lord Waheed Alli & other Investors, pumped in Millions into another venture.... https://www.campaignlive.co.uk/article/agency-execs-back-bmb-founder-andrew-mcguinnesss-theatrical-experience-launch/1453012

The former chairman of British online fashion retail giant Asos.com that grew from $14 million to a $9-billion company under his leadership within a span of 12 years, Lord Alli currently dons the role of executive chairman at online western fashion store KOOVS, which he joined in 2012. The former chairman of British online fashion retail giant Asos.com that grew from $14 million to a $9-billion company under his leadership within a span of 12 years, Lord Alli currently dons the role of executive chairman at online western fashion store KOOVS, which he joined in 2012. http://businessworld.in/article/-If-I-Had-Amazon-s-Resources-I-Would-Be-100-Times-Bigger-/07-11-2017-130780/

Its all about social media! Style Becoming Trend Samantha Chilton, Head of Design at koovs.com, feels various routes help trends & key fashion styles evolve. Designer collections and runway looks still heavily influence fashion, but their adaptation through fashion savvy, social media stars and fashion bloggers give the look a cool, commercial spin, thus making them accessible to mainstream fashion lovers. http://www.freepressjournal.in/lifestyle/welcome-2018-amazing-fashion-trends-in-the-offing/1200107

Very interesting article on how fellow Indian fashion company has now started to turn a profit & how demonetisation was a wake up call. What does it take to turn profitable in Indias online fashion retail business? For five-year-old Voonik, it was all about tamping down on shipping and marketing costs. https://qz.com/1174339/how-voonik-went-from-burning-cash-to-turning-a-profit-within-a-year/

India will become Worlds 2nd largest economy India steps into America's spot by 2050, up from the third to the second largest economy in the world. At 7.7% a year, the country is projected to have the highest GDP growth rate in dollar terms of all 32 countries covered in the report. https://www.msn.com/en-gb/money/news/decline-of-the-west-these-countries-will-rule-the-world-in-2050/ss-AAmYEDm?ocid=spartandhp

Correction: Koovs has 457,000 followers on Instagram & just under 2 Million on Facebook and rising fast.