Member Info for Spencer1983

Marcus in 1 go.

Hi Matt/Pasha,

Yes I see where you're both coming from as when I noted £50 million in the bank I didn't mean literally. Maybe a better word to use was "raised" or to be raised once FLFL do their final buy in. Acknowledge that cash burn is part of every company so see where the confusion happened as obviously all the money raised won't be sitting there looking pretty.

Cheers,

Spencer

Koovs Completes Strategic Partnership Agreement with HT Media

Further to its announcement on 18 June 2018, and as also set out in the circular posted to shareholders on 16 July 2018, Koovs plc (AIM: KOOV) is pleased to announce that it has completed its agreement for a £24.0m media deal (the "Agreement") with strategic partner HT Media Limited ("HT Media"), one of India's largest media companies and owner of the Hindustan Times. The agreement has been updated to be over a four year period rather than a two year period (as previously announced), and also in regards to the mix of shares and cash used to satisfy the deal (further detail set out below).

The Agreement will, in aggregate, provide Koovs with £24.0m of media and advertising services from HT Media. Pursuant to the Agreement, HT Media has agreed to subscribe for £17.1m (previously £16.8m) of new ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"), and Koovs has agreed to commission further media and advertising services from HT Media for £6.9m (previously £7.2m) in cash.

The net effect of the Agreement is that, Koovs will acquire four £6.0m tranches of media from HT Media at yearly intervals over a four-year period. £4.28m of each installment will be satisfied by the issuance of new Ordinary Shares to HT Media, with the balance of £1.72m to be acquired by Koovs in cash.

So in layman terms over 4 tranches of 4 years (1 a year), Koovs will in total issue HT Media £17.1m worth of shares and pay them £6.9m in cash. The new conditions are that Koovs aren't tied into honoring this over 4 years as for example if they feel after 3 years and 3 tranches that they don't need anymore advertising then they've saved themselves circa £4.28m worth of share dilution and £1.72m cash.

As for who's going to pay for this advertising then we only need to find in total a max of £6.9m in cash and with the private buy in at 15p (over subscribed), and FLFL's buy in including their final £10 million at 15p then that brings us a total of circa £50 million in the bank.

If any "genuine" holders think differently then please let me know, thanks.

My small top up shown as a sell - standard!

IMHO I believe they know what’s coming in the short term so they are accumulating as many shares as they can at this low level.

Haha yes how can we forget! I don’t read anything they put and I just look out for genuine and knowledgeable posters.

I wonder if Strand Hanson Ltd will release a broker rating anytime soon?

Maybe the market makers know another Contract could land anytime and to reduce their loss to the “traders” they are waiting for that news to hit before moving the share price up? Agree the share price has completely been overdone since the Phoenix Contract and we should be 1.60p in my eyes.

Filtered

Spread widening..................!

Circa 1.20p when new Contract news landed up to the high of 1.80p post news therefore with the 50% re-trace 'rule' this share price should be circa 1.50p = Share price overdone (IMHO)

We weren’t around in the 150p days Pasha although we know you were and that’s why you’re here now taking your anger out on the company. (Must remember to pop you on the filter list).

If they’re our new Nomad then what do people think of this? Are they highly regarded?

Thanks all. I was lucky enough to buy in just before the first Phoenix Contract and I can see the potential this share has to offer and I will be here long term. For Ian to say his aim is to turn the company into a FTSE one just says it all to me!

What are people’s % share price increase prediction when the new Nomad is announced? (Derampers I have you on filtered so save your fingers).

What a sad mess of a human being.

Is actually funny as if I'm bored I occasionally try and guess who the filtered member is when "this message has been filtered, please adjust your filters to view" shows up. I have a big suspicion that this time around it's The Predator!!!

Buy and hold....................simple!!

I'm a long term holder who bought in circa smack on 1.00p. Extremely pleased how the company is progressing and with our Contract the other day with potentially more to come very soon along with the new Nomad but looking at all the buys compared to sells yesterday especially the handful of big late buys I'm a bit shocked that the market makers haven't moved us up more yet although I'm sure the time will come soon when they have no choice. Willing to be as patient as I need to be as the future looks very bright and looking forward to Ian Price (CEO) and his interview this afternoon. It's a hold from me.

Yes I thought was a bit of a crazy prediction!