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AFDAWN

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#841 ponzi

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Posted 15 October 2013 - 12:54 PM

The underwriters of the shares offer will indicate who the believers are


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#842 saint1

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Posted 15 October 2013 - 12:31 PM

That is exactly what I expected. Difficult to predict the time that it's effects filter down to the bottom line but the people involved have background and I see more upside than downside in this venture. The value is rock bottom. Only insolvency would top that. Keeping in mind that the clean up is done already there is only one way to go and that is up. If you see that the board of directors is paid a R100.000 anualy per person for their positions I reckon that they are serious about the lean and cost effective structure.

great thx


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#843 Taurus

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Posted 15 October 2013 - 12:21 PM

That is exactly what I expected. Difficult to predict the time that it's effects filter down to the bottom line but the people involved have background and I see more upside than downside in this venture. The value is rock bottom. Only insolvency would top that. Keeping in mind that the clean up is done already there is only one way to go and that is up. If you see that the board of directors is paid a R100.000 anualy per person for their positions I reckon that they are serious about the lean and cost effective structure.


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#844 saint1

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Posted 15 October 2013 - 12:12 PM

Taurus, what's your take on this?


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#845 ponzi

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Posted 15 October 2013 - 12:06 PM

From SENS...

"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"

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#846 Shi

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Posted 15 October 2013 - 11:00 AM

Taken from today's SENS:

 

"The recapitalisation of the company by way of, inter alia, a rights offer; "

 

more pain for investors  :angry:


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“One day Alice came to a fork in the road and saw a Cheshire cat in a tree. Which road do I take? she asked. Where do you want to go? was his response. I don't know, Alice answered. Then, said the cat, it doesn't matter.” - Lewis Carroll

#847 ponzi

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Posted 04 October 2013 - 05:30 PM

Trading shares is all about greed, fear and ignorance. Afdawn is no different.


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#848 Taurus

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Posted 01 October 2013 - 12:18 PM

And who is to blame? Look for greed and you will see........

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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” 


#849 Taurus

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Posted 01 October 2013 - 10:52 AM

Some news at last.Wendy Luhabe is no more on the board.Does this imply that MVDM is still in charge and keet  is still around.No mention of information of lies ?As before they remain cagey on what appears very slippery ground.Totally incredible

 

I would assume that the situation that has arisen is not her responsibility since she joined the board after the misleading information was published. I should look up her number ad give her a call ;) 

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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” 


#850 battleship

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Posted 01 October 2013 - 10:17 AM

Some news at last.Wendy Luhabe is no more on the board.Does this imply that MVDM is still in charge and keet  is still around.No mention of information of lies ?As before they remain cagey on what appears very slippery ground.Totally incredible


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#851 Taurus

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Posted 30 September 2013 - 04:39 PM

the volumes are still relatively small today(70 000)It does not represent a stampede.(friday was 4million)We should be seeing an approx 15-20 million change hands if the new directors get a chunk of the shares

However the dispute on the 7.87% shareholding concerning Vaal mac reflects 40 million shares. That's quite a chunk if you consider that maybe 90 million are held tranches smaller than 500.000. The deal must have been negotiated with a major stakeholder. I am just wondering who will take the consequences of this misinformation. A sens declaring that Vaal Mac has acquired the shares on the 27th of November which was obviously not the case which is only now almost a year later corrected. That seems pretty misleading information.

And by the way the "due course" in which the shareholders will be informed could stretch a little bit as I assume that this mess will cause some trouble. Well at least we can travel to the AGM on the 25th next month and find out ourselves.

You never know. May there is still a position for you on the board.  :)


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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” 


#852 battleship

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Posted 30 September 2013 - 02:10 PM

the volumes are still relatively small today(70 000)It does not represent a stampede.(friday was 4million)We should be seeing an approx 15-20 million change hands if the new directors get a chunk of the shares


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#853 Taurus

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Posted 30 September 2013 - 01:44 PM

Looks like they will have to discontinue trading today otherwise they might end up at 1c.

:ph34r:

Ok, got to correct myself. 4c today is more realistic. But it seems to get fast now. "As the crow flies"


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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” 


#854 Taurus

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Posted 30 September 2013 - 09:33 AM

Looks like they will have to discontinue trading today otherwise they might end up at 1c.

:ph34r:


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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” 


#855 Plasma

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Posted 30 September 2013 - 09:29 AM

Taurus and all
Went away Friday lunchtime to spend a weekend eating crayfish and drinking white wine and missed the Sens announcement.As things stood Afdawn appeared to be run by someone with no shareholding.
Clearly they will pow wow who actually wears the pants.From a logical point they should announce ownership to the people we thought were the real directors.However they may decide to close shop and admit defeat.As it stands i see it as 10%good and 90% bad.
I have been positive when things had potential but now it it is just a lottery.
One day is not a long time to wait.(i just cannot see m.v.d.m walking out in a potential position of fraud.


:)
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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#856 battleship

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Posted 30 September 2013 - 08:26 AM

Taurus and all

Went away Friday lunchtime to spend a weekend eating crayfish and drinking white wine and missed the Sens announcement.As things stood Afdawn appeared to be run by someone with no shareholding.

Clearly they will pow wow who actually wears the pants.From a logical point they should announce ownership to the people we thought were the real directors.However they may decide to close shop and admit defeat.As it stands i see it as 10%good and 90% bad.

I have been positive when things had potential but now it it is just a lottery.

One day is not a long time to wait.(i just cannot see m.v.d.m walking out in a potential position of fraud.


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#857 Taurus

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Posted 29 September 2013 - 07:32 AM

Was tempted to buy today from a very speculative perspective. Might trade the expectation Monday.....

on a second thought: ....if they are still trading...


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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” 


#858 Plasma

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Posted 27 September 2013 - 07:46 PM

Was tempted to buy today from a very speculative perspective. Might trade the expectation Monday.....
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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#859 Taurus

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Posted 27 September 2013 - 05:36 PM

FYI

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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” 


#860 Goliath

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Posted 18 September 2013 - 08:41 AM

Any reasons why one should not get a couple of shares from a speculative perspective...based on fundamentals?

I have not looked at the charts from a TA perspective.....any thoughts???

There is a lot safer bets if you really want to.. Wait for this one to actually produce something then jump on board


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Never underestimate the potential for human stupidity when wealth and power are at stake!





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