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#361 zerocool

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Posted 22 March 2015 - 05:45 PM

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.

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#362 ajax

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Posted 22 March 2015 - 05:32 PM

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?)      


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#363 zerocool

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Posted 22 March 2015 - 04:51 PM

Zerocool, how is this good news for Afdawn shareholders; a digital version of the Grindstone monkey puzzle - a free to use app? I think the misplaced strategy to proof Grindstone rather than pursuing the approved vision does not make any commercial sense. It was also said at the AGM, by the same Director, that shareholders will during the first quarter see how profitable Grindstone is?     

 

This is another 'start-up' angle that is not bringing direct revenue or am I wrong? Will this call for the champagne to pop again.... AD should get rid of the show ponies as they are now squarely operating in the start-up space.    

are you a shareholder Ajax?


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#364 ajax

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Posted 22 March 2015 - 04:47 PM

Zerocool, how is this good news for Afdawn shareholders; a digital version of the Grindstone monkey puzzle - a free to use app? I think the misplaced strategy to proof Grindstone rather than pursuing the approved vision does not make any commercial sense. It was also said at the AGM, by the same Director, that shareholders will during the first quarter see how profitable Grindstone is?     

 

This is another 'start-up' angle that is not bringing direct revenue or am I wrong? Will this call for the champagne to pop again.... AD should get rid of the show ponies as they are now squarely operating in the start-up space.    


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#365 zerocool

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Posted 22 March 2015 - 12:21 PM

Hi Guys, 

Afdawn via Knifecap just released the beta version of Yue Diligence. It has already been included as a semi-finalist in the Fin-tech Innotribe Start up challenge.  

 

http://ventureburn.c...semi-finalists/

 

The did mention at the AGM that they will be releasing this soon. 

 

Only positive news. 

 

 


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#366 ajax

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Posted 20 March 2015 - 01:02 PM

The bears are putting the pressure up- 15 million between 9/11 cents. Yes BS they will need to start producing - less talk and more positive action (VERIFIED). The SARS reason for doing nothing is not good enough, but maybe they expect SARS to claim a large amount? I have heard a 'story' that they have difficulty with the bond i.e. Sandown/Elite situation. Reading some of the 2012 announcements JG was the initiator of the arrangement when he was on Sandown' payroll now he is CEO of AD.
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#367 battleship

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Posted 20 March 2015 - 10:09 AM

6,2million sellers at 9c and 530k buyers at 8c tell the story.Ajax,it looks like the bears.........Only an announcement will stop the trend.
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#368 ponzi

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Posted 20 March 2015 - 06:49 AM

SARS (are they dealing with SARS directly or through consultants?), Grindstone progress (as promised by the Directors at the AGM), Elite (bond repayments?) and movement towards the set vision are all grey ares at this stage.

The sellers (volume) are increasing and buyers slowing down it seems?  


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#369 battleship

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Posted 19 March 2015 - 05:26 PM

Looks like the share is (steadily) preparing for an upward trend?! Strategically, this might be a very good time for ADW to share positive/good news if they could do so at this stage...



Don't see the upward trend.On 12 march there were no 9c sellers.only 10c sellers, so we are going backwards with 3,3million 9c sellers.

The reality is that the SARS decision wait is abnormal.We must assume they are demanding more info or money, which is not good news.Patience is being tested and every day going by with no news is creating more sellers than buyers.I was expecting an announcement and shareprice jump,but now am factoring in not getting a decision and waiting for announcements which they have to divulge. The last two end Feb results were announced end May so it may be quiet for a long time.


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#370 LWVi

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Posted 19 March 2015 - 01:43 PM

Looks like the share is (steadily) preparing for an upward trend?! Strategically, this might be a very good time for ADW to share positive/good news if they could do so at this stage...

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#371 ajax

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Posted 13 March 2015 - 02:17 PM

They have at least concluded the Rights Issue being it under false pretenses. 


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#372 ponzi

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Posted 13 March 2015 - 12:43 PM

Guess who.... 2 years later....just wait! They just forgot to say this is all dependent on a SARS settlement of certain tax implications. They have an obligation to clarify this by means of a shareholder update!!!! 

From SENS April 2014; Shareholders are referred to the SENS announcement released on 10 April 2013, wherein the company advised of a change in strategy to become an active investment holding company. The focus of the company would be to acquire shareholdings in entrepreneurial companies, with strong innovation drive, which are in proven growth phases by enhancing the capabilities of these entities to accelerate long term sustainable growth.
Following discussions with various large shareholders, the board of directors of Afdawn is pleased to announce that it will be taking initial steps in the implementation of the above mentioned strategy. 
Various short-term actions will support the strategy:
1. Further capabilities will be acquired and institutionalised, which will include deal sourcing and structuring capabilities, investee mentorship programmes, the setting up of an investment fund and co-investment alliances;
2. A business development committee will be formed, together with the assistance of external professionals, who will be appointed to oversee investment decisions;
3. The company will divest from non-core assets and operations. The essence of the vision is that Afdawn will no longer focus on unsecured lending as a business model;
4. The recapitalisation of the company by way of, inter alia, a rights offer; and
5. Afdawn will be rebranded to articulate the vision and strategy in a visual manner.
 

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#373 ajax

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Posted 12 March 2015 - 05:18 PM

Well said....who is right the bulls or the bears. Fact is that somebody knows more than the general public! They are renown for that.


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#374 Queen B

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Posted 12 March 2015 - 04:38 PM

:rolleyes:I sold most of my holdings. Still have 250K shares as a gamble

Hope you are right mate. Could be or couldn't be

This is the way we have always traded this share

Its like betting on mist or invisiblity cloaks

Worth a gamble, but not a punt


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#375 battleship

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Posted 12 March 2015 - 02:59 PM

2,7million traded at 9c.no more sellers at 9c lets hope 10c breaks.someone knows something
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#376 ajax

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Posted 11 March 2015 - 08:05 AM

Who is in the know - the bears or the bulls? 

Afdawn is making 'wait' their own exit pay off line. Can't wait for the Interim report, they can't duck and dive forever.No trading update yet indicating that they are not doing much better then previously?  

One should not be harsh on the Executive Directors for not taking action i.e. making investments as was promised with the Rights Issue. After all none of them have any experience other then Fund Managing and playing for time seems to be a good option.

Battleship don't expect to much from IT investments; start ups or scale ups, as they call it, usually take between 3/5 years before making any profits. But then again if the model is 'bump' and 'dump' it is something else?

Elite may yet surprise with more bad news......a little birdie suggests.

If the beneficiaries do not pay for Grindstone 'nurturing' then it is free, even if they get donations, grants and sponsorship to carry the costs.    

 


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#377 Queen B

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Posted 10 March 2015 - 01:21 PM

Something is brewing

Huge volumes today. Could be a good or a bad sign B)


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#378 battleship

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Posted 10 March 2015 - 01:17 PM

6,7 million just traded at 8c.total today  8.7 million .Interesting


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#379 battleship

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Posted 10 March 2015 - 01:13 PM

 

Thank you Battleship for your feedback on this.
 
So we now know that Grindstone is a not for profit-entity surviving in donations, sponsors and grants. Not one of these will allow for a attractive profit margin? So we have to assume that Grindstone is part of Afdawn's social responsibility endeavors. If it is indeed a business model it is on shaky grounds.
 
Why are they waiting for SARS to  finalise the settlement if they have already three months ago received confirmation of the settlement?       
 
25 November "Shareholders  are   hereby  advised  that   Afdawn  received communication from South African Revenue Services (“SARS”) regarding settlement of tax obligations in terms of Section 200 of the Income Tax Act. final agreements are currently being drawn up." Please note SARS do not ever communicate verbally....(if above board)
 
I wonder about Elite something is not right there, but let's wait. The CEO said at the AGM Elite is now (December 2014) clean and rendering good profits with sound management in control.
 
Only time will tell. Watch the 7 cents buyers as they will react when things are happening.  

 

I attended the exco My take on grindstone is that they are well paid for their time.AFDAWN now has the option to invest in 20 new upcoming IT  companies,a few of which look great.Profits can rocket when they link up to the system.

 

SARS you said it, agreements are CURRENTLY being drawn up.   NOT-they ARE drawn up.

 

I ascertain that Elite is not a deep sea sinker anymore.It is making a small profit,is well organised,organised enough to sell.

 

Other departments.R0-15m,15-25m and 25m-50m investments in upcoming businesses is very active.(especially after garmin deal)

 

hopefully they will announce the garmin deal value to adw?

 

I suppose it logical to conclude that the sars announcement is now imminent and the fence sitters cannot wait for cheap snacks anymore.

I assume a pile of announcements long overdue will be forthcoming.

 

Afdawn looked relaxed and positive.I like to invest in people I have faith in.Lets see


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#380 sharechat

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Posted 10 March 2015 - 11:41 AM

9c just breached, good news.

big volumes too


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