I am still a shareholder and am in touch with numerous other significant shareholders who are also very unhappy and are preparing to take corporate action. I have also been monitoring with interest some people who have started putting pressure on various AD/KC protagonists on twitter etc.
#241
Posted 29 June 2015 - 09:31 AM
#242
Posted 28 June 2015 - 11:48 AM
Hawk
#243
Posted 28 June 2015 - 11:06 AM
#244
Posted 26 June 2015 - 05:40 PM
Hawk
#245
Posted 26 June 2015 - 05:39 PM
Hawk
#246
Posted 26 June 2015 - 05:31 PM
And lets also not forget that there is a 90% chance they will be suspended from the JSE early next week
#247
Posted 26 June 2015 - 05:25 PM
Bottom line is that the shenanigans have been going on for too long now
They should have communicated better with their shareholders if they were "acting in good faith and fulfilling their fiduciary duties"
Now shareholders have all lost faith and jumped ship
Too little too late i'm afraid
#248
Posted 26 June 2015 - 05:08 PM
CAre they blind or naive or can we all be so wrong?
Hawk
#249
Posted 26 June 2015 - 04:44 PM
Breaking news is that a rumour is going round that a party is trying to acquire as many shares as possible at 3 cents and will then try to get other big shareholders on board to force the present management out and look at ways to recapitalise the company; sell KC back to the vendors asset strip Elite and disinvest from other properties. The SARS issue is a major cash flow concern the present Article 200 application has little change to succeed and some arrangement will have to be made with SARS.The company has 2,300 shareholders and there will at some stage be attractive tax benefits through the losses that will enhance future cash flow. They talk about a sound business plan that will possibly include a transaction with one or two attractive SME' to form part of a portfolio. No more free ego enticed offerings, no more start up conferences just focus on business development with Afdawn being rebranded. A PR company to oversee media and social media management. An interactive Web/blog site and open communication based on transparency and ethical business culture. A Brand position that will be based on the above with clear brand promises.
Relatively no volume went through at 3c though...
#250
Posted 26 June 2015 - 04:38 PM
If this is JG's best investment, he clearly hasn't ever done a good one
If you have insurance you can't be lose
“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”
#251
Posted 26 June 2015 - 03:03 PM
If this is JG's best investment, he clearly hasn't ever done a good one
#252
Posted 26 June 2015 - 02:55 PM
I took a bath at 6c,5c but mostly 4c.
Have a buy order at 1c for all I sold as it would be nice to go down with the sick ship I followed and researched for 2 years.
Thanks JG for the tip it was the best investment he had ever made..................over and out
#253
Posted 26 June 2015 - 02:46 PM
I also took a bath at 4c <not happy>
#254
Posted 26 June 2015 - 02:11 PM
Well that's me done
Managed to offload all my shares at 4 cents today - at a big loss
Wouldn't touch this with a barge pole again
These guys have a lot of answering to do
#255
Posted 26 June 2015 - 12:37 PM
I was at the time under the impression that ADW was going to invest in companies with tangible assets. eg renewable energy, agricultural niche markets, specialized resources. That they acquired hot air to squander my savings and orchestrate a egomaniac show is highly disappointing. But the last judgement will not be mine.
“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”
#256
Posted 26 June 2015 - 11:06 AM
The company has 2,300 shareholders and there will at some stage be attractive tax benefits through the losses that will enhance future cash flow. They talk about a sound business plan that will possibly include a transaction with one or two attractive SME' to form part of a portfolio. No more free ego enticed offerings, no more start up conferences just focus on business development with Afdawn being rebranded. A PR company to oversee media and social media management. An interactive Web/blog site and open communication based on transparency and ethical business culture. A Brand position that will be based on the above with clear brand promises.
#257
Posted 26 June 2015 - 10:41 AM
For my mind, AD only has a small chance of survival in any event and that chance only exists if the majority of the current board is removed and Elite disposed of. KC can be left to limp along I suppose, but a fresh start is needed and KC should be 'sold' off or discarded. Hopefully with fresh faces, and a clean slate, shareholders would be willing to put up enough capital to give AD a chance at becoming a real SME holco (as was the intention in 2013).
#258
Posted 26 June 2015 - 08:39 AM
From Afdawn' shareholders' point of view there is no future with a Board being manipulated and Executives with no skills to execute the VISION as communicated in April 2013. You can not rely on a team with no moral fibre. The company is doomed and even if shareholders revolt it will most probably only be to expose the unethical manner in which the company has been run down.
Even if they manage to keep the company listed with no money and a share price below 12 cents per share no acquisitions/investments in SME' will be possible. The manner to grow an 'investment holding company' is to acquire shareholding in attractive entities by using shares and cash consideration.
I hope somebody ask Andrea Bohmert (and the Board) to explain her being a shareholder in Taxtim, Afdawn paying her salary and Grindstone free of cost to Taxtim 'mentoring' the company.
It would be good if Linda de Beer, head South African financial reporting watchdog (working with JSE), can look into the disinformation and outright lies and manipulation by Afdawn.
#259
Posted 25 June 2015 - 04:50 PM
To my mind it's probably speculative investors who read about AD and KC for the first time and believe the positive spin (read nonsense) being disseminated into the market by KC. KvZ and co. tell a great story which is easy to get caught up in, but my current view is that the current setup is purely smoke and mirrors. The only problem I have with the impending shareholder intervention is that I am not sure that AD can survive another round of restructuring and attempting to rebrand. This will be iteration 4 at least.
#260
Posted 25 June 2015 - 04:21 PM