Might as well chill a bit till the next bit of kefi news as the pro and cons have been done to death anyway both here and elsewhere and its obvious we are in wait and see mode again. |
I wasn't trying to "dictate" anything. I was merely looking at the thread heading. |
Remember this became a freedom of speech board 18 months ago ;) |
And what, pray, has all that to do with Kefi? |
 numbers can hardly be biased ... they are either correct or incorrect... why not you provide a "neutral" source to counter act it ?
Techcrunch is hardly political mouthpiece...
here are the numbers..
Cost: Musk paid $44 billion to acquire Twitter in October 2022
Valuation: Fidelity, a mutual fund that was instrumental in the acquisition, has repeatedly cut its valuation of X: In August 2024, Fidelity estimated that X was worth $9.4 billion, which is about one-fifth of what Musk paid
This is a 79% decline from the $19.66 million that Fidelity estimated the shares were worth in October 2022
Revenue: X's revenue has been declining:
55% year-over-year decrease in monthly revenue for each of the past 12 months
78% year-over-year decrease in revenue in December 2023
decline in the number of Ebiquity clients advertising on X
Counting the cost: X’s $5.9bn in lost ad revenue since its 2022 takeover
warc.com/content/paywall/article/warc-curated-datapoints/counting-the-cost-xs-59bn-in-lost-ad-revenue-since-its-2022-takeover/en-gb/157583? |
TechCrunch is not a neutral source, you need better sources to make a judgement |
I will just keep this here for safekeeping.
gdavies214 Nov '24 - 21:43 - 6712 of 6740 0 1 1
Thanks @goatherd.
My very rough calculations suggest that if I bought a million shares now then I could get back more than the cost in dividends in one year. |
Think the whole thing is a bit of a sideshow when we have TK a a hundreds of million dollar project Saudi tens of millions with a possible divestment.
Noticed some flailing around by the usual suspects as they realize that kefi will get cashed up on possible Saudi divestment and TK looks like it will get over the line.
To put it in perspective even if kefi lost the case and then had to pay out the full amount claim its only five million and only then on full TK launch.
for instance
"benchmarking these metrics against recent transactions, suggests a valuation of KEFI’s 15% stake in Gold and Minerals of US$50-78m.
Upside scenarios based on a 15% increase in resources at each project could underpin a valuation range of US$67-89m." Just the likely upgrade is more than the amount than a worst case outcome let alone the principle. 15 percent probably a worst case as well. |
Barry Evans - 14 Nov 2024 - 15:24:07 - 6704 of 6738 Is KEFI about to come good? - KEFI
Quite remarkable.
One wonders how these POS keep going for years longer than they ever should, then you read some of the comments from holders (LTH, natch) and all becomes instantly clear. |
Superior knowledge?
It is a cut and paste. |
Rob, Bow to your superior knowledge on this case and thanks for sharing. If indeed the case is predicated on full sign off ( not just 2nd bank approvals), and is set for 4th Dec. Should we assume all will be done by then. Otherwise someone is spending lots of time and money for the case to be thrown out on the first day? |
Agreed! Folk can criticise him all they like... business re twitter I don't think was his priority, it was more about making the rules and why not lol Not many men can put a rocket up there like Musk does and anyone anti establishment good with me! Fk em. Doge to $1.25 minimum - I'm maybe a few dollars out as well lolUSA pay down their debt with bitcoin and all good! Nobody see whats really going on here?! I always said to everybody on this board "Follow da money"!!! Don't get me wrong , it'll collapse again like it always does but not yet . Lol |
he doesnt own it outright... Banks can call in the $13b debt if it fails to service the debt. in the same way you don't own a house that's on mortgage.. you might like to say you do.. but ultimately the bank owns it. |
"There is a pending legal case against the Company for an amount of GBP 5.1 million from a claimant, Demissie Asafa Demissie (the "Claimant"). The Company believes the claim for successful provision of financial advisory services is spurious and without merit.
Nonetheless, the amount claimed can only be payable on successful closing of the Tulu Kapi Project finance, which has yet to occur."
Yeah anyone would struggle to explain what kind of financial advisory services were worth that kind money. |
I have as much of an idea about that as do you or anyone else on this board rob, its entirely up to the court to decide on the evidence pleaded by both parties at trial.
We're not privy to the particulars of claim for breach of contract or defence. |
Think you have no idea how things work behind the scenes at government level El pirate but feel free to put forward the reasons the person has any chance to win their case. |
“Having sought legal advice on this matter, [Kefi] is of the opinion that the allegations have no merit and that it is not appropriate to recognise any contingent liability.”
Kefi also has a counterclaim against the individual perusing this action, so has an opportunity to recover its costs. |
Lots of deflection and denial going on here!!! |
With respect you obviously aint got a clue rob, this is going to full trial in the English High Court 4 December with both parties (who will already have expended significant 6 figure legal fees) represented by counsel & expert witnesses. Judgement is legally binding end of story barring appeal.
Its nothing to do with 'taking on the consortium', its very specific litigation to the named defendants alleged liability to the claimant |
The case can drag on forever as cases tend to do especially in Ethiopia it has not exactly been sprinting along has it.
"The one great principle of the English law is, to make business for itself. There is no other principle distinctly, certainly, and consistently maintained through all its narrow turnings."
If the the guy loses doubt he will even appeal it because it will effectively mean taking on the consortium. He has probably only pushed it this far hoping for some settlement to go away which would be a fraction of the amount claimed. |
“X is on it’s [sic] way to being bankrupt” - when it’s owned by the richest man in the world! LOL and double LOL. He’s said himself he didn’t buy it to make money, he has some already!! |
"Twitter is now the leading platform in the world by volume of users and interactions. Leads all media as a source of news. Has the most users its ever had since elon bought it."
...
Elon took the long view. Advertisers will continue steadily to come crawling back meanwhile Musk is in tight with the new president while mainstream media especially the news channels lost the last shreds of its credibility over the coverage of US elections.
Even here its flipped from if you see something on the BBC or Channel four you go on Twitter to actually find out if it true or not while it used to be the other way round.
The government would not be hauling people off too jail for hurty words on Twitter unless they were terrified by its influence.
I think it took big balls for Elon Musk to make a stand as if things had gone the other way and Trump had not got elected... |
The only way the case can drag on is if the losing party appeals to the court of appeal by leave of the high court. This is a full trial following which the court will give legally binding judgement whether Kefi et al are liable to pay £5.1m commission to be triggered by execution of the bank financing agreement (presumably TDB, Eastern and Southern Africa's Trade and Development Bank of which Tadesse the co defendant is CEO & president)
I wouldnt expect judgement to be given before January & should the worst happen, Kefi aint got £5.1m & Harrys wad will stay under the mattress well behind the corporate veil, so its effectively the funding bank on the hook for £5.1m |
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