Member Info for Smellyben

For me the most compelling thing is that before most of those achievements the Board bought about 40% of the company - at 2.1p !!!!!!!

Last day before news could arrive- suspect by tomorrow evening everyone who wants to be in will be in - you’d be a brave man to short it then - last news share a fourfold increase - exciting !!!

I sincerely hope wish you and other LTH all the very best - let’s hope we all make a lot of money - if TK is done I’m not selling out until at least the Saudi listing as I imagine that could explode interest

They were given a date of 11th May and they said they would announce “shortly after” - course timescales could slip and it may not be the answer everyone wants but it is possible we know in two days via proactive like last time

I don’t disagree that’s why I’m invested - if the TK funding gets over the line then there is a lot of upside - I guess the Harry discount is an opportunity for new investors to make a lot of money - so long as he actually delivers this time.

Hi equanimity

The economics of Kefi are as you say compelling and by traditional measures vastly undervalued but what you do not appreciate is that the discount to fair value is Mr Harry Adams. HAA has for years given - how can one say - optimistic , exaggerated, porkies, and so the market simply does not believe what he says. Now if this time what is is saying is true and funding is actually signed commitments from banks and equity partners then investors are in for a big rerate and a 3-4 bagger. Some of the pitfalls have to be fair outside of his control but 6 months ago he said it would be done by Christmas and it still isn’t so we have the Harry discount- you pays your money you take your chances

I asked them - they acknowledged receipt and a generic message about keeping markets fair for all investors - that was about 2 months ago and havent heard anything back but it was before the shareholder letter so who knows what happens next

What do you make of the RAB sale Ben ?

We know ongoing revenue/margin is approx £1 million through the Angra deal which on its own would support a market cap between £5-£10m.

Of course that ignores the potential future of tens if not hundreds of millions of pounds if they can get accepted to the sandbox and develop commercial relationships with the thousands and thousands of companies who move money around the world currently in very slow (2-5 days) and expensive (3-10%) - the opportunity for instant transfer via their blockchain solution at a small fee (<1%) is very compelling if they can prove to the FCA it is secure - THAT is just one of the opportunities here that FCA sandbox acceptance can unlock. The fact they are Asian based they have access to th efasted growing part of the world while listed in the financial capital of the world

There are a myriad of deals and relationships that could be done once that happen - licences, acquisitions whatever - revolut and the others mentions that are valued in the tens of billions started small also and remember GST dont have to become as big as they (though that would be lovely) - a percent of a percent of the total market of several trillions of dollars would represent a company worth hundreds of millions

Also means fewer shares in circulation- amount 45-50% in named hands

He doesn’t even know that we do indeed have revenue and always have done but don’t let facts get in the way of a good deramping - hey Lloyd did you know that !!

No - we have been borrowing money - Harry recently said about 3 million from a major shareholder - I’m assuming RAB?

RAb is also the people lending Kefi 3 or 4 million- right ?

All before the recent changes - sale of loss making EMS, EU licence, Angra purchase, FCA sandbox application

In my view LOTS of upside - on 12 May could easily be 3-5 p news being good ( which obviously I think it will)

yep that's what I think - the share price quadrupled almost overnight just at the possibility - I'm imagining another big leg up when the reality happens this month (assuming they are accepted of course but the submission was overseen by one of London's top law firms and was "very thorough" according to the FCA so in all likelihood I think it will

You are entirely correct Zag but whether it’s 11 May 22 May or early June it doesn’t really make a difference right - if they get accepted and indications are it will then the skys the limit -

About a year ago the interview was but explains for people who do not know how the company makes / will make money - they can speed up international money transactions by days and reduce bank fees by 4-5%

Getting approved by FCA is massive - we’ve crossed one hurdle out of three - another one in two weeks or so - exciting times

I’m waiting on significant news on another one of my shares and if all goes well I’ll sell a few and if the price here stays around here I’ll be adding significantly to my total - remember the directors bought around 40% of this company some years ago at 2p before all this recent progress- 5-10p is easily achievable in the short term - the free float here is small hence the massive rises in short spaces of time and if accepted into the sandbox I expect the same kind of percentage rises

Ac - Oops ??

The nominees accounts are ordinary PIs I think- never heard of Jim nominees though !