Member Info for putneylad66

masterboffin- any ideas where we can get clarity from? The Nomad point blank refuse to engage with individual shareholders- that is a fact, just write to them.

Koovs also refuse to engage with shareholders.

Did you speak to someone at Strand Hanson?

My mistake masterboffin- just noticed that July 2019 presentation has the Q1 figures in it!

Koovs have no choice to add in Q2, as they have been sitting on these figures for nearly a month now.

Otherwise there will be no point in having the Capital Markets Day!!

masterboffin, there has been a Q1 update since that last presentation, so in theory, could do the Capital Markets Day based on that.

Unfortunately, that would look very suspect, as they would be sitting on Q2 figures (July, August & September).

Also, they would be clearly lying as the 17th July 2019 Prelims clearly state that they will provide Quarterly updates.

As for someone reckoning they spoke to the Nomad, Strand Hanson DO NOT enter into correspondence with individual shareholders.

There will not be any update on the day. If there is a H1 trading update, it will be on Friday 25th Oct or Mon 28th Oct.

No trading update & the poo will really hit the fan. I don't think even they will be that stupid.

I see you posted that lie as the moderators went home. It was these sort of lies that got your other handle Pascha booted off.

You as a tiny shareholder (allegedly) have no access to advisors. You are not FCA regulated, so for them to tell you this is clear insider information.

You have made a clear statement. Who did you speak to? Clear market abuse here!

Price action has never lied with Koovs. It's safe to say that any future funding from FLFL will not happen. Koovs may try to mislead like they have before, but they will have to raise the cash elsewhere. The HT Media deal is dead too (mass dilution at three month average + cash which Koovs don't have).

The problem now is that because Koovs have mislead on so many occasions, nobody will go anywhere near them.

Only a few years ago, Peel Hunt had a laughable 100p price target here. They then left. Robert Bready left, ex CFO Roy Naismith left, founder Anant Nahata left.

Shareholders have been stitched up.

This funding debacle has dragged on for a year & a half. FLFL have run circles around Koovs. They delayed & delayed & Koovs just didn't have the clout. The CEO Mary Turner even bragged to shareholders at the EGM that Kishore Biyani loves her!!!!

The dilemma now is what to do with these failures Turner & Pursell? They'll have to stay in post for at least the trading update & Capital Markets Day.

This is one of the most calamitous comedy shows I have ever witnessed in over 20 years of trading. How these people get jobs in the City is beyond me. Only a matter of time before they are all going to be massively exposed.

If anybody has any relevant information about Koovs & the management's spectacular failure, could they please e mail The FCA MIUMailbox@fca.org.uk

Lord Alli is one of the largest Shareholders in Koovs & will not want to see his holding diluted much further. Raising at these levels will totally destroy shareholder value with dilution.

The RBI position is not clear at all. They have said to reapply, which is very vague. Koovs will not answer any questions at the moment. Their secretary stated that any further news will be rns'd.

If Koovs are not allowed to raise any more cash via India, they will have to look elsewhere.

They can pretty much forget the UK, as the last placing of 15p with PI's has left a very sour taste with those investors. They feel very misled & rightly so.

The management, especially the CFO Robert Pursell & CEO Mary Turner have zilch credibility between them. They have bought 270,270 shares between them since being employed. Pursell has NONE.

There is no way these two failures could attend any fundraising event, they would be laughed out of the office.

Alli needs to get in a new CEO & CFO IMMEDIATELY to restore any confidence & credibility in the City.

Non exec Director chartered accountant Nina Amin could step in for the incompetent Robert Pursell as CFO.

Avni Biyani (daughter of Kishore Biyani) & Non Exec Director must now step in as CEO.

It kind of makes you think that this has all been orchestrated......

Lord Alli will get the lot as he holds a £7.9 million loan against Koovs at an extortionate 8% pa (6% + Libor). That's a nice little earner of £640k pa, thank you very much!.

He is too far down the road to let this fail now- his reputation will be finished. He is worth £212 million according to latest Sunday Times rich list & is very well connected. He may provide another loan, or could take part in another large placing himself.

They have spent 6 years creating a popular brand, but it does remind me of Nasty Gal before it went bankrupt- great name, out of their depth management.

This now literally priced to fail again.

Market cap around £10 million, cash £3 million, invested over £100 million in the brand, technology & platform.

Surely Lord Alli can pull something off here.

The RBI didn't throw out the deal full stop. They told FLFL to reapply.

I admit this is shocking news, but at this stage, I can not see them letting this fail. But who knows with this lot.

Any thoughts guys on the following?

FLFL have stated to Koovs that they would provide an alternative route to funding if current mechanism is not approved.

If RBI does not allow, what could these routes be?

Stop assuming the Capital Markets Day has been cancelled, Stop assuming that there has been a Director buy. Lets stick to facts. No rns has been released stating that the Capital Markets Day has been cancelled. So there WILL BE A CAPITAL MARKETS DAY NEXT TUESDAY.

So there will be a H1 trading update prior to this (common sense) & there will be no Director Buys/ Sells PRIOR to the trading update (not allowed).

Koovs are sitting on H1 figures. They wouldn't hold a Capital Markets Day PRIOR to H1 trading figure being released. Common sense really.

There is a trading update due before the Capital Markets Day next Tuesday. They can not Buy or Sell shares before the update, pretty obvious really.

FLFL have stated to Koovs that they would provide an alternative route to funding if current mechanism is not approved.

If RBI does not allow, what could these routes be?

If the Directors had any integrity amongst them, they would all participate in an emergency placing.

Alli is worth £212 million
Emily Sheffield Non Exec Director (David Cameron's Sister in law) come from the House of Astor- earns £75k a year from Koovs.
Baroness Gail Rebuck Non Exec Director also sits in the House Of Lords earns £50k a year from Koovs
Nina Amin (MBE) Non Exec Director earns £50k a year from Koovs.

Just to add, that out of the management team, only Pursell & Turner bothered turning up to both the EGM & AGM.

The arrogant Chairman, who has ignored every single email of mine for over 3 years, didn't bother attending either!!

Koovs are in a closed period, sitting on H1 numbers, so Directors can not buy any shares.

Why would the CFO Robert Pursell buy any shares- HE HAS NEVER BOUGHT A SINGLR SHARE IN KOOVS!!!!

When we questioned him about this at the EGM, he just smirked & laughed, stating that he wasn't really into equities-you could not make this up.

Now this failure who is in charge of the finances & numbers/ closing the deals has totally screwed up. He hasn't a clue.

At the AGM, he didn't even know the basic terms of the HT Media deal, said he had to double check.

This is a guy on £175k pa plus pension plus healthcare & God knows how many expenses.

If he had any integrity or honour, he should immediately resign.

Let's get something straight. The funding deal didn't just collapse last Friday as announced. Price action has told us that this debacle has gone on for several weeks.

Koovs knew about this, hence refusing to reply to or to engage with shareholders.

I hope they spent their time constructively looking for funding elsewhere. What an amazing coincidence that they announced a Capital Markets Day prior to the collapse of the funding!!!

The Chairman Lord Waheed Alli is well connected & worth £212 million.

Trying to be positive here. A good trading update with short term partial funding could happen, but Alli needs to dispose of the calamitous duo Mary Turner (CEO) & Robert Pursell (CFO). These two bumbling amateurs couldn't close a door, let alone a deal- the laughing stock of the City.

Why is the CFO Pursell still there? He earns £175k for his dog poo performance. Failed funding after failed funding, astronomical & out of control spending. Economical with the truth re problems with the funding with shareholders.
And to top it off, HAS NOT BOUGHT A SINGLE SHARE IN THE COMPANY- NOW THAT'S CONFIDENCE FOR YOU!!

https://economictimes.indiatimes.com/news/company/corporate-trends/overseas-direct-investment-stance-of-rbi-stumps-companies/articleshow/71176878.cms

cheers TT

RBI have caused a right mess here. It looks like any money coming from India whether through FLFL or HT Media will now not happen.

Nobody from the UK will look at Koovs after the way they shafted the last 15p participants of the placing.

Very few options left. Maybe Alli will have to stump up some of his £212 million fortune to prop up Koovs even further.

The comedy duo of Turner (CEO) & Pursell (CFO) should have kept on top of this. Their nonchalant & blase attitude have left them totally exposed.

I was at the EGM & AGM & was lied to at both.