Kape Technologies Share Discussion Threads

[studentinvestor13] 07/12/2023 18:02

Kape Technologies, July 30, 2023 announcement. Layoff of 200 people, 30% of workforce.
The cybersecurity firm behind many popular VPN services such as ExpressVPN, CyberGhost, and Private Access Internet (PIA) will layoff 200 employees accounting for 30% of its workfoce, according to TechReport. The restructure will impact multiple departments including the three major teams mentioned above, as well as many high-ranking executives. Former CTO Dan Gericke decided to walk out entirely, though Kape Technologies has yet to officially announce the cuts. However, that hasn't stopped employees from talking about the moves on LinkedIn according to TechReport. “I decided to exit along with my many amazing colleagues that were terminated and am officially announcing my departure as CTO of ExpressVPN and the Kape Privacy Division,” Gericke said in a LinkedIn post. Stay tuned.

hxxps://www.informationweek.com/it-leadership/tech-company-layoffs-the-covid-tech-bubble-bursts-sep-14

[packman8] 22/11/2023 21:56

What news?

[studentinvestor13] 22/11/2023 08:36

Did anyone see the recent news?

[rmc100] 18/8/2023 09:26

Is there a compulsory sale?

[weatherman] 17/8/2023 13:18

Write to the CEO.

[rmc100] 17/8/2023 12:52

How do I sell my kape shares. Only just seen that it has delisted?

[wynmck] 27/4/2023 17:44

latest bullying notice says delisting by 31 May and he intends to use Squeeze out Rights to compulsorily acquire shares from anyone who hadn't accepted offer when he has 90%

[elbrus55] 25/4/2023 07:34

If it doesn't go unconditional then you risk ending up with a very small holding in an unlisted overseas company. I'm not sure why anybody would want that - a lot of hassle/paperwork with no material upside potential.

[elbrus55] 25/4/2023 07:16

I see my broker/nominee (ii.co.uk) does not pass on the GBP currency election option.It appears from the offer document that they can only make the currency election (in a CREST instruction) for their entire holding and so cannot practically pass the choice down to individual accounts.So, you will get USD if you accept the offer and hold the share via a nominee. (If it is an ISA I think they will be required to convert it into GBP for you as foreign currency is not permitted in an ISA under HMRC rules)

[rivaldo] 24/4/2023 13:31

PS : if anyone wants some ideas as to where to reinvest, TST, DKL, REAT and SYS have all recently announced good news and are rather good value imho, along with the likes of RNWH, CAPD, MWE and CNIC as other examples.

[mrwaterloo] 24/4/2023 10:55

Same here. I kept 50 shares to see what happens next though…

[wilske] 24/4/2023 09:34

Dear All

Same here sold out at this morning. Kape has been by far my best performer (been in since CrossRider @77p) but like everyone leaves a bad taste. Will never invest in a Tedi Saghi company again thats for sure. best of luck to everyone

[yorkie123] 24/4/2023 08:55

Yes, I reluctantly sold this morning at 288.5p.

Leaves a sour taste, in what could have been.

[suetballs] 24/4/2023 08:42

Yes a sad ending for us pi’s.
Suet

[igoe104] 24/4/2023 08:34

I've also sold. At least I'll be able to buy two new positions..

[rivaldo] 24/4/2023 08:31

Ta-ra KAPE, it's been a great ride, but with a wildly frustrating ending. I finally sold this morning and truly hope Teddy Sagi gets screwed as much as he's ripped off the shareholders here. Sadly, I suspect that won't happen and we'll probably see KAPE re-listed at twice this price in the future!

[apollocreed1] 22/4/2023 21:09

Thought this quote was noteworthy in the recent Kape RNS "Kape shareholders who anticipate realising greater value in their Kape shares in the future, whilst recognising and being willing to accept the risks associated with remaining as an investor in an unlisted company controlled by Unikmind, may wish to remain as shareholders in Kape.’

[ali47fish] 22/4/2023 07:47

thank you elbrus for your help i forgot to look again at my broker 's original letter and the dealine with mine is 2 may

[elbrus55] 22/4/2023 05:45

There isn't a "new" offer but rather a revision to an existing offer. Your broker may provide you with an update but there is no need to wait for it.Whatever choice is in their system at the deadline is what counts - both Acceptance and currency election if you prefer to get GBP. Everyone who accepts will get the higher amount of 360 cents (or equivalent) regardless of when they entered their choice.Note your broker's deadline may be slightly earlier than the official deadline (5th May), so that they can collate responses.

[ali47fish] 21/4/2023 16:48

black is that supposed to be a reply to my question? please explainclearly if it is!

[blackfinance] 21/4/2023 16:28

The reality is probably that this was the intended plan as soon as VPN express was bought. We always assume that the big shareholders are alignged with the interests of the little shareholders....well we certainly need to re think that.

[ali47fish] 21/4/2023 16:27

please can someone confirm that now that a new offer was made, will our broker send a new corporate action letter with a deadline for accepting it!

[suetballs] 21/4/2023 14:26

Ned’s accept. What a farce.
I sold my holding earlier today.
Suet

[sailorsam1] 21/4/2023 11:59

Sold out :-(. Little choice but wiser to aim!