Afriag Share Discussion Threads

[apfindley] 16/5/2019 20:45

Lenigags being the king of confetti, will likely issue billions of shares to raise cash to put into this dubious sounding venture with an unknown company with no history, only for us to later find out that's it's being used as a foreign cash siphon. Same with the African fresh produce business which I'm not even sure exists but now we're told it's not performing as expected (due to any factors except the directors) and they have to scale it back.. and I cant even remember what the failed venture was before that. There's a pattern emerging here.I reckon we should just invest in horse dung and say we're going to collect methane from it.

[pr100] 16/5/2019 11:22

Don't fall for the Apollon hype. It barely exists and the £40m valuation is based only on what Lenigas agreed to pay for the shares. No websites, no accounts. Knowing Lenigas, this deal probably won't happen but if it does it will be a black hole into which mountains of cash will need to be shovelled. Don't let it be yours. And make certain you can see exactly how much you are getting for your alleged investment in Afriag (Pty) Ltd. This could be a ruse to swap it for worthless shares in a vapourware venture.

Btw, I've been right about this POS so far.

[pr100] 13/5/2019 08:30

Shocking results from Afriag. Losses up by 800%. Cash urgently needed so Lenigas waves the trusty cannabis flag. Don't fall for it. Lenigas is the supreme destroyer of shareholder value. Any cash raise will be at a significant discount - and for what?

Check out Lenigas's execrable cannabis track record at LGC Capital, then avoid like the plague.

[chrisgail] 05/12/2018 08:45

Tilray, brilliant investment buys at near recent high, we are already a third down. DL Destroyer of value. Time to leave with something.

[pr100] 28/11/2018 11:19

Correction:

1m traded at 0.05p. How low can this go? And why does DL not get voted out?

[pr100] 28/11/2018 11:18

1m traded at 0.5p. How low can this go? And why does DL not get voted out?

[pr100] 23/10/2018 17:14

Afriag loses even more money: less than week after David Lenigas forks out $146 per share for $80k's worth of Tilray shares, they were trading at $101 today.

That said, probably one of Lenigas's better investments…

[cpap man] 22/10/2018 11:15

AfriAg Global Plc

("AfirAg" or the "Company")

First Medicinal Cannabis Investment

London, October 18, 2018: AfriAg Global PLC ("AfriAg"or the "Company"), the
substantial London-quoted global food and logistics group, focussed on the
agricultural and medicinal cannabis sectors, has today acquired 546 Tilray Inc
(NASDAQ: TLRY) shares at US$146.439 per share for a total of US$80,000 or
GBP61,000.

David Lenigas, Executive Chairman of AfriAg Global, comments:

"This is AfriAg Global's first investment in the medical cannabis sector. We
are totally focused on investing in many more legal cannabis entities, private
or listed. We see Tilray as excellent value at this price and are regarded as a
long-term hold in our new cannabis investment portfolio. This initial investmet
may increase in time, and we are looking hard at investments in other main
board US listed public entities in this sector. We are also actively reviewing
many opportunities around the globe in the legalised medical cannabis space.
Further releases will be made as when further investments are made in this
sector."

[cpap man] 22/10/2018 11:15

AfriAg Global Plc

("AfirAg" or the "Company")

First Medicinal Cannabis Investment

London, October 18, 2018: AfriAg Global PLC ("AfriAg"or the "Company"), the
substantial London-quoted global food and logistics group, focussed on the
agricultural and medicinal cannabis sectors, has today acquired 546 Tilray Inc
(NASDAQ: TLRY) shares at US$146.439 per share for a total of US$80,000 or
GBP61,000.

David Lenigas, Executive Chairman of AfriAg Global, comments:

"This is AfriAg Global's first investment in the medical cannabis sector. We
are totally focused on investing in many more legal cannabis entities, private
or listed. We see Tilray as excellent value at this price and are regarded as a
long-term hold in our new cannabis investment portfolio. This initial investmet
may increase in time, and we are looking hard at investments in other main
board US listed public entities in this sector. We are also actively reviewing
many opportunities around the globe in the legalised medical cannabis space.
Further releases will be made as when further investments are made in this
sector."

[cpap man] 22/10/2018 11:10

DL now needs to take AFRI from NEX:AFRI to another exchange such as LSE:STANDARD list or TSXv

[cpap man] 22/10/2018 11:08

For every seller there is a buyer especially in a currently very thinly traded stock such as AFRI

NEX:AFRI

[tunnelking] 22/10/2018 10:53

Massive 10000000 sell ,someone desperate to get out of this failed company or possible placing coming and insider info .DL is a proper charlaton ,con man and low life .Shameful

[tunnelking] 08/10/2018 17:34

A technical glitch I think

[pr100] 26/9/2018 17:03

Typical Lenigas BS in today's AfriAg Global PLC interims with pages of fluff about cannabis hype followed by a near 20% drop in revenues and 500% increase in losses. - results which he calls "good", "strong" and "stable". As any fool can see, they are none of the above.

I feel sorry for the poor PIs locked in to this shady POS.

[pr100] 12/9/2018 14:06

The recent uplift in the sector doesn't come close to correcting the fall off a cliff at the beginning of the year. For startups and small players, the cannabis bubble has burst. If Afriag ever shows a profit, that may change - but Lenigas public companies don't do profit, just debt and dilution. So tread carefully and engage brain before putting your kids' inheritance at risk.

[joosepi] 12/9/2018 13:57

Could possibly get it right this time. The share price of quoted companies in the market place of cannabis for medical purpose are doing extremely well.

[joosepi] 12/9/2018 13:57

Could possibly get it right this time. The share price of quoted companies in the market place of cannabis for medical purpose are doing extremely well.

[joosepi] 12/9/2018 13:57

Could possibly get it right this time. The share price of quoted companies in the market place of cannabis for medical purpose are doing extremely well.

[joosepi] 12/9/2018 13:57

Could possibly get it right this time. The share price of quoted companies in the market place of cannabis for medical purpose are doing extremely well.

[joosepi] 12/9/2018 13:57

Could possibly get it right this time. The share price of quoted companies in the market place of cannabis for medical purpose are doing extremely well.

[pr100] 27/8/2018 14:27

The upcoming GM may be the last chance for PIs to get answers from Lenigas about the missing evidence of 40% ownership of Afriag (Pty) Ltd detailed in the shocking emails below. In your own interest, please don't ignore it. Blind faith has not been justified.

[pr100] 27/8/2018 14:25

Only the daft will vote in favour of disapplying pre-emption rights at the AFRI GM. Lenigas wants to raise £2.24m without involving PIs. That will double the number of shares in issue, or worse depending on the discount. DO NOT ALLOW IT EXCEPT AS AN OPEN OFFER.

[pr100] 21/8/2018 13:03

Anyone in doubt about the non-existence of "Afriag SA (Pty) Ltd" need only listen to David Lenigas's own explanation at 16:07 in the video below:



When asked about the name of the investee company he makes it 100% clear that it is "Afriag (Pty) Ltd" and not "Afriag SA (Pty) Ltd"; and he admits that he made up "Afriag SA" simply to make life easier when referring to the investee.

There is no way "Afriag SA" should have appeared in yesterday's legally approved market disclosure as it does not exist.