Wow - so AFDAWN is exactly were it was 3-4 years ago. Have not heard anything from KC lately (although I still believe that they can add value).
What about the money from the property sale? Wasted on salaries again or used to pay SARS?
I was basically made to look the fool in seeing the value of a share consolidation (previous posts of mine), and at last years AGM and vote on resolution to consolidate I was there and voted against it.
Reasons for consolidation: easier to do deals and no big swings in daily share price (percentage wise).
The share is going back to 1c, again. I am for a share consolidation if you have all your issues sorted out and is ready to do new and profitable business, not before then.
Again, shareholders lost more money via consolidation and I would like to find one person who can convince me otherwise.
Take the Elite and build it into a successful micro-finance player. There are many opportunities out there. Even consider to get government involved (PIC) to use this as vehicle to roll out state loans as reduced rates, even if only to state employees during test it.
I am sure AFDAWN management can come up with a business plan to make money, they have the experience.
Don't know anymore.....????
With respect JR7800, on what do place your faith in KC? I was initially fooled by the smoke and mirrors as well, but once you peel back the layers of that onion, you release its rotten to the core...