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AFDAWN

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#1 JR7800

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Posted 05 June 2019 - 09:38 AM

So the Directors now taking out Put options to cover their loans to the company. Now that's confidence in the future of the company. So if the company goes belly up they get their money, if the company recover (miracles do happen) and repay them, they get their money.

 

It is time the JSE, Company Act and King stop a director shareholder from being able to short a share for the company they work at. You either believe in the company you work for or leave.... my 1 cent.

 

Let see what they come up with next...

 

I want to clarify that the "It is time the JSE, Company Act and King stop a director shareholder from being able to short a share for the company they work at. You either believe in the company you work for or leave.... my 1 cent." in my previous post is directed at all listed companies and is not AFDAWN specific and the "short" refers to any financial instrument (put options/shorts options whether you directly own the shares r it is just options on a share ) against the movement of the share in the negative direction.


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#2 JR7800

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Posted 03 June 2019 - 02:16 PM

So the Directors now taking out Put options to cover their loans to the company. Now that's confidence in the future of the company. So if the company goes belly up they get their money, if the company recover (miracles do happen) and repay them, they get their money.

 

It is time the JSE, Company Act and King stop a director shareholder from being able to short a share for the company they work at. You either believe in the company you work for or leave.... my 1 cent.

 

Let see what they come up with next...


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#3 JR7800

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Posted 29 May 2019 - 12:27 PM

AFRICAN DAWN CAPITAL LIMITED - Trading Statement
Release Date: 29/05/2019 11:30
Code(s): ADW     PDF:  icon_pdf.png
Trading Statement

AFRICAN DAWN CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/020520/06)
Share code: ADW
ISIN Code: ZAE000223194
(“the Company”)




TRADING STATEMENT


In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading
statement as soon as it becomes reasonably certain that the financial results for the next period to be
reported on will differ by 20% or more from the financial results for the previous corresponding period.

The Company hereby advises that a reasonable degree of certainty exists that for the year ended 28th
February 2019

- headline losses per share will be between (33.24) cents and (32.45) cents, representing an
increase in losses as compared to the headline loss per share of (7.9) cents reported for the year
ended February 2018; and

- losses per share will be between (34.1) cents and (32.9) cents, representing an increase in
losses as compared to the loss per share of (12.1) cents reported for the year ended February
2018.

Headline loss per share increased mainly due to lack of new funding available to the Company and its
subsidiaries during the period and once off benefit of the SARS settlement in the previous period and
not repeated during this period.

The weighted average shares in issue increased from 21,925 million to 28,019million after taking into
consideration the partial dilution due to the specific issue of 26,8 million share for cash at 35 cent per
share in December 2018.

Loss per share increased by a smaller margin than headline loss per share mainly as a result of the
prior year loss per share being significantly higher than the prior year headline loss per share due to
goodwill written off.

There are no discontinued operations reported on in this financial period.

The financial information on which this trading statement is based has not been reviewed or reported
on by the auditor of the Company. The audited results for the year ended 28 February 2019 are
expected to be published on or about 31 May 2019.

Johannesburg
29 May 2019

Designated Adviser

PSG Capital

Date: 29/05/2019 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
 

 


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#4 JR7800

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Posted 26 September 2018 - 02:09 PM

Taurus, as long as you get paid cash and not in shares go for it.


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#5 Taurus

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Posted 26 September 2018 - 12:44 PM

I got a business to infuse. But I can't disclose yet. I am not allowed to.


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“In order to know how good you are at something requires exactly the same skills as it does to be good at that thing in the first place” 


#6 JR7800

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Posted 26 September 2018 - 07:44 AM

Taurus,

 

I agree with 2 things in your post below:

1 The shell has it intrinsic value if someone infuses a new business model. - I agree. As I have said before. Keep the micro lending business,run it well and use that to cover costs. Invest in new business opportunity with real potential with good management and shareholder relations and get funding for this. It can work.

 

2   You got nothing to loose. - I agree. We already lost everything. 50/50 chance of getting money back or claiming at lease some of it back from SARS. 

 

I was at the AGM 2 years ago when the share consolidation was also approved (not by me) and 2 years later no progress. I wont be holding my breath on this one. If only they would share something with us regular shareholders.

 

Good luck.


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#7 Taurus

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Posted 25 September 2018 - 09:19 PM

Hello,
Is there anybody out there. Is this a mutual feeling or am I really on my own?


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“In order to know how good you are at something requires exactly the same skills as it does to be good at that thing in the first place” 


#8 Taurus

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Posted 19 September 2018 - 09:09 PM

My fellows,

keep your shares, stop the diluting. Don't invest money. The shell has it intrinsic value if someone infuses a new business model. Time. It has been always at your hands. You all know the time-money concept. If you want to read up the principles about the deeper relations read "The quest for Value" by G Bennet Stewart, III. If you don't have the time forget it, hold on and sit and wait. You got nothing to loose.


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“In order to know how good you are at something requires exactly the same skills as it does to be good at that thing in the first place” 


#9 JR7800

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Posted 19 September 2018 - 08:29 AM

Ponzi. I agree with you in that I do not know how the company at this stage keeps on going. I do however hope for the shareholders that there can be a way forward in which the company are still listed so that they can recoup some of their investment. If the company lose the listing the shareholders get nothing. Again, all we want are some feedback.


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#10 ponzi

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Posted 19 September 2018 - 08:07 AM

I really wonder how they get by the JSE to keep the listing. We know their modus operandi by now. But why are they going on with the company at all? How do they keep the lights on? The minorities should ask the Board/Chairman to share the way forward with them.     


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#11 JR7800

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Posted 19 September 2018 - 07:43 AM

Taurus, My shares are now worth less than the cost of going to the AGM so that is why I am not attending anymore. Show me a real plan, real returns and I will gladly attend meetings, give input and even invest more money, but this is a long way away. Especially when interaction with shareholders are non existing. I don't expect a one on one session about every decision, but at least every two months or so let us know the lights are still on. Maybe to much to ask?


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#12 Taurus

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Posted 18 September 2018 - 10:46 PM

Will go to next years AGM to hear their recipe how sink money for tax clearance purposes (looks like the shipping industry). I might learn something if they still exist by that time. Anyone wants to join me and remind me when the time comes? 

Some clever shark out there is getting some competition and I am still a shareholder and won't let go.


Edited by Taurus, 18 September 2018 - 10:48 PM.

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“In order to know how good you are at something requires exactly the same skills as it does to be good at that thing in the first place” 


#13 Taurus

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Posted 06 September 2018 - 11:55 AM

Yep. Still here. Have not looked at this misery for a long time and missed the AGM. The value is ridiculous and if there is no new business model it will slowly die. I hope at least that the shell is clean now and the next reverse take over(if any) will at at least be without the train smash they produced the last time.

I have a viable business model to inject. But who am I in this world? Seems that everybody knows better.


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“In order to know how good you are at something requires exactly the same skills as it does to be good at that thing in the first place” 


#14 JR7800

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Posted 04 September 2018 - 02:21 PM

Anyone still there?

 

I see they had the AGM today. Was anyone on the forum there? Any news?

 


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#15 ponzi

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Posted 19 June 2018 - 10:55 AM

Wow anybody still there....? Is this the end? Why did they never take the offer of a party wanting to take the shell over and inject some assets to make it whole again? Possibly because of the skeletons? 29th June the last dance.. 


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#16 JR7800

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Posted 07 February 2018 - 02:55 PM

Wow, looking back at my comments below (16 September 2016) I cannot believe I did not take my 1c per share (at that point R40 for every 4,000 shares held) and run. So, everyone have now lost even  more money.

 

I was there, voting against the share consolidation and I was told that day that the reason for the share consolidation was that the wild swing in share price (eg: at that point 2c and sold for 3c so 50% swing for the day). This apparently made it difficult to "do deals"???

 

I am so glad the swing in today's trade so far (27c to 15c = 44%) is not too big or an issue.

 

Do anyone know if they have paid the SARS liability yet? Although  I am not sure where the money would come from.

 

Did anyone here attend the last AGM? 

______________________________________________________________________________________________________________________________________________________

 

 

JR7800

Posted 16 September 2016 - 12:37 PM

I see AFDAWN wants to consolidate the shares on a 40 to 1 basis.

 

I really hope everyone comes to the AGM and votes against this.

 

Currently the share price, for all practical purposes are 1cent. What this means is that the lot of us still holding shares cannot lose any more money. If you hold 4,000 shares @1 cent it is worth R40.

 

If we agree to the consolidation you will have 100 shares (4,000/40) @ the consolidated price of R40 (1 cent x 4000 = 40 cents x 100).

 

My problem with the consolidation is that it will mean you can lose more on your investment. As there is not really any good news to lift the share price from a consolidated value of 40c per share I will expect it to fall even further, even going back to 1 cent again. This will mean that your investment in 4,000 shares which currently can go below R40 rand will be worth: 100 consolidated shares @ 1 cent = R1.

 

So you have lost another R39 of your money by agreeing to the share consolidation.

 

Management must rather concentrate their efforts in improving the business and to start generating profits instead of finding ways for their shareholders to lose more money.

 

Management will most probably condemn this post again but I really don't care anymore. Have had enough of empty promises.

 

Hope to see all you shareholders who have had enough at the AGM.

 


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#17 Taurus

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Posted 05 January 2018 - 08:32 PM

 
...And now, the end is near. And so we face the final curtain. My friend, I'll say it clear. I'll state our case, of which I'm certain.......
 
 
 
 

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“In order to know how good you are at something requires exactly the same skills as it does to be good at that thing in the first place” 


#18 Sugafoot

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Posted 21 December 2017 - 06:52 AM

Moses would have had a tougher time getting water out of a rock... <br />Your staying power is commendable, guys


As I said then in 2015, I say now
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#19 ponzi

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Posted 20 December 2017 - 07:07 PM

Where are they going to get the money to pay this? What if they do not pay? So we will most probable see the last of this circus. Some clowns are gone already....  


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Hawk


#20 Shi

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Posted 16 December 2017 - 01:46 AM

So, the fine payable to SARS is more than the market cap of ADW ... rights offer? race to 1c? It is below 1c already if you take last year's share consolidation into account.


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