Kibo Energy Share Discussion Threads

[yaki] 27/4/2023 08:16

Great posts over the other side by SGB. My favourite:

And to top it all he has the gall and temerity to blame those long suffering shareholders for his current position. Those same shareholders that have propped up the share price, defending him publically, attended agms and investor events. shareholders who concerned that after years and years of no delivery and bacially f'ups (Blyvoor a case in point) tried to engage and see a way through for all parties but are treated like fools and thwarted at every point by technicalities of which the legality of some of the move has to be questioned.

Quite frankly it disgusts me.

[lurker5] 26/4/2023 22:35

Sorry DPR. Mast energy float was a scam at the float price (se my full explanation early in the Mast thread). LC efectively shafted all the early invstors with a fraudulent 'wheeze' to get to a 12p price vs c 3p assets and from which he in turn paid his chums a grossly inflated price (at shareholders expense) for Bordersley. The man is what is unreliably reported to be a fraudster. Don't expect Mast's 'new' management to be able to pull it out of the trough. As for Riverfort (I've said this before) they backed the equally dodgy 'Align Research' to puff and back their own investments on the same lines as their puff for, eg, Corcel. Look at its share performance !

[dpr1881] 26/4/2023 21:06

@SIB Exactly !!! Riverfort deserve all they get on that score! The real tragedy is for long term shareholders such as yourself.

[sirianbotham] 26/4/2023 20:58

One producing peaking plant in 15 years ..... what's the list look like for what he's started and not delivered .... 3 coal fired power plants, gold assets, haneti, blyvoor and I've lost track of waste to energy. How much has been spent!

[dpr1881] 26/4/2023 19:26

@yaki I wouldn't agree that he has delivered nothing, Mast Energy is real. What he has done in my honest opinion is destroy the value of that shareholding for everyone except the warrant holders and CLN holders chasing rainbows

[dpr1881] 26/4/2023 16:13

@lurker5 Perhaps a warning for investors in common stocks?

[dpr1881] 26/4/2023 16:12

@frankandbeans In deed you did!

[lurker5] 26/4/2023 16:11

Riverfort Global Opps (AIM:RGO)
Its expertise and judgement demonstrated by a share price down by 75% over last two years. Its 'strategy' irt company investments, relies mainly on "fees, interest, and other equity linked or performance-based instruments" (2021 directors review of business)
Says it all. Like Sanderson, its there to help milk investors and profit thereby.
Maybe why Kibo's been forced to disclose who is its "Institutional Investor" (the only one)

[yaki] 26/4/2023 16:09

DPR1881

Unfortunately LC business acumen has been going downhill for some years now and pretty much reached the absolute bottom!

If he had any shred of honor, should have resigned. I just hope that his new masters - Riverfort, see his incompetence and sack him.

Way better to have 30% of a well run company than 100% of NOUGHT. Which is what LC delivered!


DPR1881 26 Apr '23 - 14:58 - 7984 of 7985

What has happened today is truly shocking, in my opinion it effectively destroys any value that existing shareholders had left and hands the company to Sanderson and Riverfort. It is to the shame of the regulatory authorities in the UK & Ireland that they failed to prevent it despite warnings.

[frankandbeans] 26/4/2023 15:36

Well we did say.

[dpr1881] 26/4/2023 14:58

What has happened today is truly shocking, in my opinion it effectively destroys any value that existing shareholders had left and hands the company to Sanderson and Riverfort. It is to the shame of the regulatory authorities in the UK & Ireland that they failed to prevent it despite warnings.

[guitars4stars] 24/4/2023 22:10

Here is to our resident KentF&B PMSL

[frankandbeans] 24/4/2023 06:51

Stay off the bottle Twangers it doesn’t agree with you.

“Such a Kent Frankie without validity - like an agenda Kent at least as an agenda Kent transparency is clear - be an agenda Stalking Kent here as you are easier to spot & we love Kents here
Heres to the Kents here and donpick your favourite
We love em
I have one F& Angenda”

[guitars4stars] 24/4/2023 01:07

Such a Kent Frankie without validity - like an agenda Kent at least as an agenda Kent transparency is clear - be an agenda Stalking Kent here as you are easier to spot & we love Kents hereHeres to the Kents here and donpick your favourite We love emI have one F& Angenda

[frankandbeans] 23/4/2023 21:02

DPR I wasn’t talking about MAST, I was referring to the KIBO loan that was offered some time ago, I’m sure you are familiar with it.

There must be very low coffers at this stable especially as the stale bulls prevented any more funds to be raised via new share issues.

Erk.

[dpr1881] 22/4/2023 09:28

@frankandbeans see mast rns of 7 november. 36 month term. You will of course laugh but i think next week will be a good week for mast shareholders.

[frankandbeans] 21/4/2023 17:53

Was there not a clause in the drawdown arrangement that stated the loan plus interest had to be repaid six months from the drawdown date?

[dpr1881] 21/4/2023 16:38

@Lurker5 Unless the £2m "New Project Fast Track Loan" has been drawn down all other borrowings are interest free. Pyebridge was effectively funded by Kibo loans. Pybridge Power Limited has plant and machinery on its balance sheet of £2.5m Depreciation is calculated over the useful life of the asset which is 20 years.

I suspect for once (and possibly the only time), there will be some very good news coming out of the Kibo Energy Plc Group regarding real profits!!

[frankandbeans] 21/4/2023 07:52

When did you start selling then Twangers? I mean you sold out before at a massive loss and then decided to buy back in and do it all again, this much we know, but was it before or after you were urging people that this was a strong buy?

Just curious, morals and that. I mean it’s a bit rude isn’t it? Tucking all those up that had followed your advice to the letter?

[lurker5] 20/4/2023 19:11

I did ask the previous nomad to do somethng about the blatant lie LC told a shareholder event (repeated the broker puff even though dilution subsequently had rendered it wrong) They did nothing. Their £70k annual fee was keeping them too cosy as they leaned back and smoked their Havanas (chuckling meanwhile at the cash they'd filched from shareholders)