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AFDAWN

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#1 JR7800

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Posted 07 July 2021 - 03:26 PM

Taurus, anyone else still going to the AGM?  I would really like to hear what the new shareholder who put in R10mill and are suppose to make available some more capital have to say on the progress or rather lack thereof during the year.

 

Notice is hereby given that the annual general meeting (“AGM”) will be held at the offices of
Elite Group, Horizon Shopping Centre, 3rd Floor, Corner Sonop and Ontdekkers Roads,
Horizon View, Roodepoort on Wednesday, 18 August 2021 at 10h00 to transact the
business as set out in the notice of AGM which forms part of the Annual Report.

 


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#2 Taurus

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Posted 02 July 2021 - 05:33 PM

Uncompetence squared. When the blind meets the one armed.
Before they have to de-register I will buy the shell.


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#3 RBM

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Posted 02 July 2021 - 03:39 PM

TRADER's Goal break down tracker - perfect for setting, tracking & achieving TRADING goals! 

Click this link to find out more https://www.etsy.com...p_home_active_1

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#4 JR7800

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Posted 15 June 2021 - 04:09 PM

Not sure if anyone are still invested in this share but it seems nothing has changed. They still cannot do anything right and compliance is just something other companies does for fun.....

 

https://www.moneyweb...dium=Indicators

 

Going for suspension again.....


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#5 Taurus

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Posted 07 November 2019 - 01:45 PM

So when is the shell of this Company for sale. R1 and I am interested. Never mind the mil I have to put in to adjust it to insert my business. They are dead  anyway. But I will exclude their pending liabilities in the deal.


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#6 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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#7 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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#8 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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#9 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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#10 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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#11 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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#12 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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#13 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” 


#14 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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#15 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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#16 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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#17 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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#18 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” 


#19 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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#20 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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