Afriag Share Discussion Threads

[pr100] 24/4/2018 14:30

Worth noting two companies which no longer exist:

1. COZINIX (to whom Afriag Plc paid £1.3m for 40% of Afriag (Pty) Ltd - allegedly)

2. AMALGAMATED TOBACCO MANUFACTURING (former subsidiary of Afriag (Pty) charged with smuggling)

And one company which has never existed: AFRIAG SA.

(Data courtesy of CIPC - the South African Companies & Intellectual Property Commission)

[pr100] 22/4/2018 09:42

I see Lenigas on Twitter calling D&D a liar - without offering any proof. D&D posted proof of AFRI's lie (reproduced above). AFRI shareholders must demand to see Lenigas's proof.

Meanwhile, the regulators have been alerted and will judge who is telling lies:

[pr100] 18/4/2018 20:47

Afriag mystery

Any sad sacks here who are still invested in Afriag Global Plc and may still be thinking that they own 40% of Afriag (Pty) Ltd.

Well, the seriously bad news is that the alleged equity stake in Afriag (Pty) Ltd has not been formally recorded in the designated place and you guys need to investigate urgently with Lenigas what is going on.

You will recall this from AFRI's 30/7/2013 RNS:

"AfriAg SA has also adopted, with immediate effect, a Memorandum of Incorporation ("MOI") which will, inter alia, regulate the relationship between AfriAg, as a 40% shareholder in AfriAg SA on completion, and AfriAg SA. The MOI replaces the shareholder agreement which, as announced on 12 July 2013, was intended to be put in place with both parties at the same time as the SPA. The MOI contains the same key protections for AfriAg as the previously proposed shareholder agreement."

But there is nothing in the Afriag (Pty) MOI to show that AFRI has any stake in the company. You can download the MOI here to verify for yourselves:


I wrote to ask CIPC, the South African regulator, whether there could be any alternative version of Afriag (Pty)'s MOI anywhere and they wrote back to confirm that "the company has not changed its MOI since incorporation".

In other words, AFRI's 30/7/2013 RNS is wrong and misleading. There is NO proof of your equity stake in that MOI.

You MUST demand proof from Lenigas urgently that your investment in Afriag (Pty) is recorded properly and legally somewhere else. If it is not, then it needs to be recorded and filed without delay or you will have effectively lost your money.

[tunnelking] 17/4/2018 18:54

Missed it ,SP didn't move says it all really

[pr100] 20/3/2018 15:24

Does it matter? No-one in their right mind is still holding this dog surely?

Not many queuing up to buy ANY Lenigas stock these days.

You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.

[tunnelking] 20/3/2018 14:58

Another 5000000 sell, no buys

[tunnelking] 14/3/2018 15:58

More selling ,another 1000000 and yet still no news !

[tunnelking] 13/3/2018 13:13

More sells again today ,no buys

[pr100] 09/3/2018 14:54

Still looking for legal proof that AFRI owns 40% - or even 1% - of Afriag (Pty) Ltd.

Could be a major scandal.

[tunnelking] 09/3/2018 14:48

Another 400000 sell today , not looking good this at all

[tunnelking] 27/2/2018 14:24

More selling today ...and no buys !

[tunnelking] 15/2/2018 15:34

More selling g this week ,no buys in months .Afriag needs to be relisted in the lse stock market .

[tunnelking] 31/1/2018 17:57

So along with the dodgy dealings reported with Afriag under investigation ,the stock dump continues ,more selling today with no significant buys for months .Afriag certainly is certainly a company of smoke and mirrors , .....Dodgy Dave

[pr100] 30/1/2018 16:53

Afriag Pty accounts revealed over the pond - and they look all wrong:



AFRI shareholders need to demand answers: the regulators will be looking into this.

[pr100] 29/1/2018 08:47

According to TW, he has evidence that Afriag is under investigation by South African regulator CIPC for accounting irregularities.

Apparently, revenues and profits of Afriag Pty Ltd don't tally with those released to shareholders by Afriag Global Plc.

And there is no sign in the books of the Plc's 40% ownership of Afriag Pty.

[dreamtwister] 19/1/2018 23:01

gwp moved exchange because of goverment santions maybe the reason for david to take afri to another exchange where cannabis is legal as t/may has zero tolerance with drugs,

[tunnelking] 04/1/2018 22:18

Another 3.5mil sold today

[tunnelking] 13/12/2017 17:18

So we get a small buy ,first one in months ,followed by largish sell .these deals don't appear shareholder friendly .

[michaelx105] 13/12/2017 14:29

Deals being sorted today in SA.

[tunnelking] 24/11/2017 17:19

More selling today

[michaelx105] 17/11/2017 14:17

Dreamtwister, the jv is on and the co. Keeps growing! Ppl need to just pick up the phone...

[tunnelking] 17/11/2017 14:12

And the dump continues

[dreamtwister] 11/11/2017 21:23

is afri still in a jv with lgc in reflection to the HOH ? althou on the fence watching or waiting for a update from bod at the moment !