Yes I actually bought my shares...some at 12/18 cent per share (last year) and have also followed my rights on shares previously held. My DD was based on the public announcements made by the AD Board during 2013/14. So I have the right to question the credibility of the AD Board.
Last year when the market was under the impression that the Knife Capital deal and the RI was the beginning of the fulfillment of the Vision as stated and proclaimed in 2013, the share price went to 20 cents per share. The reality check was that this was never the Afdawn Board' plan but a way of getting money to do other things with, smoke and mirrors. The share price reacted and retracted to where it is today. Hiding behind the SARS issue is just a way not to do what they promised in various communications not the least the motivation for the RI!
The market is never wrong, AD will fail dismally if with the present status and information the company tries to get additional money from the market. If KC was such a great deal as stated recently by the CEO why no progress (a year later), why with all the good stuff the share price has pulled back to the current levels? Afdawn Board, the market do not believe you any more.....
Zerocool, have you bought your shares, or was it issued as a consideration? But maybe you are right and the share price will jump tomorrow on the back of the 'good news' - just as it was anticipated in the iKubu cautionary (remember that one?)
I bought a considerable amount of shares because I believe in the KC team.
Have you ever read Lean Start-up by Eric Ries? Turn to about page 189 (I think it is page 189). He speak about "LTSE" (long term stock exchange). He said someone need to create a LTSE for Venture Capital companies to list, as it is impossible for a Venture Capital company to constantly report in terms of the relevant Stock Exchange/Listing rules due to investments they make. Venture capital companies don't sell products like checkers or PnP where they receive a constant income, they invest and then when it is successful, they exit and make a huge amount of money from one deal (look at the track record of KC and sales of $100mil+).
Grindstone allow them to spot talent and to invest in them with the hope of an exit in the near future.
Further, there is no reason why Yue Diligence cannot be sold to another big corporation for massive amount of money- the best it, KC probably owns 100% of it as it is their product.
I don't think the KC team with such a great track record and 33 million shares each would wan't this to go sour.
Edited by zerocool, 22 March 2015 - 05:45 PM.