Kibo Energy Share Discussion Threads

[yidarmytom] 10/6/2020 14:24

what's happened to the Mast Energy power plants that were going to be online and producing revenue by Q1 2020??? Has Louis forgotten all about them?

[yaki] 09/6/2020 15:03

Great post by CF on other side - pretty much my views

Just to add - if no salaries have been paid since Feb 2019, how comes directors paid lots of money for shares at the Oct placing?!?

Also why the o/s salaries haven't been resolved at/following the placing?

And why no one knew about it?

cunningfox Premium Member

Today 12:28


I have no problem with the share consolidation and I don't think any shareholder does. I don't have a problem with dilution either if the shares were to benefit the shareholders, but the amount being proposed was unacceptable. But the defining resolution that p*ssed off almost everyone was the issue of shares and warrants attached in respect of un-paid salaries. I for one do not believe the company could not pay the salaries of it's management since Feb 2019, WTF have they been playing at and why was this never disclosed. Surely if you can't pay the wages, you lay people off, just like any normal company, but this isn't any normal company is it???. It's a company that has raised and squandered and wasted millions of dollars of shareholders money on pipe dreams, continually reinventing itself and justified it's expenditure through meaningless non binding agreements that will never come to fruition, and whilst this was being conducted the board paid it's self handsomely, refused to buy any shares and put their money where their mouth was. Until now of course , they are quite happy to fill their boots with shares and warrants . Tell me one business anywhere on this planet that can pay it's directors literally millions over the last 10 years and not generate ONE DIME of revenue? Well come on then , answer that grimt! before you start blowing smoke up our a*ses.

[dozyduck] 09/6/2020 10:07

Nonsense Grimt1. A public listing carries a responsibility to manage your share price at the same time as raising your necessary finance. LC has destroyed the share price by trying to run before he can even crawl, by taking on too many gee whiz projects without considering how he is to finance them, and without considering how they will be monetised even when complete. Even if all went well he would have ended up with minority shares, dependent on the majority partners allowing him a dividend through which to finally reward his onw shareholders. All that, even if it works, would have been so far into the future that investors would have died of boredom meanwhile. Its one of the clearest failures of strategy I've ever come across, for which the other board members must bear their own responsibility. Shareholders' only hope now is a bid and/or some sort of recapitalisation and the replacement of the whole Board.

[cj41] 09/6/2020 08:44

Definitely time for change. It's not just the feathering their nests it's the complete lack of any delivery. We've gone from years of '3 flagship projects' being repeatedly described to 'Justin' on numerous podcasts to the plan always being to give them away and create an energy company to lets flog off some of the new stuff too.

[yaki] 09/6/2020 08:34

"In my opinion yesterdays NO vote was shareholders cutting of their nose to spite their own faces. The board will now be forced to employ far more costly means to funding the company."


Mmmm

Is this a sign of a competent Board of Directors? TEN years of raising 10s of mlns - and not a single penny as revenue.

Maybe time for change!

[skidaddle] 09/6/2020 08:29

"In my opinion yesterdays NO vote was shareholders cutting of their nose to spite their own faces. The board will now be forced to employ far more costly means to funding the company."

But one that is far more equitable for the general shareholder who has lost trust in the management.

[uknighted] 09/6/2020 08:18

“Could the poster be one of them” - very much my thought when I read it.

[yaki] 09/6/2020 08:12

A post on the other side.

Very interesting for many reasons; I won't go into details but pretty much probably what the BoD think of latest debacle.
Could the poster be one of them - Member since 6 Sep 2016 and only his SECOND post to date!

Just 1 comment -
"...Ignore the share price for a moment" - Is this why the BoD decided to issue lots of shares at the prevailing share price?!? And this all in the MIDST of pandemic when people losing loved ones, livelihoods, jobs, taking massive paycuts etc

Or how many shares Sandersons and Shumba were issued that were sold into the market - 300-400m in my calcs.

But much easier to blame s/hs who supported the company for many years and as a result are 90%+ down!

----------------------------------------------------------

LC is Kibo
Started: grimt1, 09 Jun 2020 07:43

Last post: grimt1 09 Jun 2020 07:43


Based on the negative sentiment on this forum; the calls for LC's resignation etc:

I can only come to the conclusion that many you are all invested in the wrong share. Kibo was never a pump and dump share for making a quick buck, a quick return. This sort of trading is what has driven the share price down to what it is today.

Ignore the share price for a moment and consider what Kibo has achieved over the past ~8 years. Kibo has evolved from a junior explorer to a full fledged energy company with a number of BIG projects that are primed to deliver. This was no random evolution. I believe it was a well thought out strategy, executed with precision, in response to a changing political landscape in Tanzania, taking advantage of clear opportunities in the energy space in Africa and globally.

Back to the share price – Kibo’s biggest problem, I believe, is the short term fickle nature of the average AIM investor. The company is severely undervalued. Why – because of the short term focus of the average AIM investor – parasites that gnaw away at the value of an otherwise robust company with long term goals.

I’ve been invested in the company for 6 years now. I’m in for the long term – and I’m staying because of the great projects LC has added to Kibo. This is the true value of Kibo; I’m waiting till these projects start going on-line. Calling for LC’s resignation is killing the goose that lays the golden egg. I believe LC is Kibo

In my opinion yesterdays NO vote was shareholders cutting of their nose to spite their own faces. The board will now be forced to employ far more costly means to funding the company.

PS: The directors wouldn't have done so long without pay if they didn't have the best interests of Kibo in mind

[iamgreat1] 08/6/2020 11:45

Lc the clown has failed in his bid to try and rinse a new placing

[bibdaddy] 08/6/2020 11:41

Resolutions not passed!

[cl0ckw0rk0range] 08/6/2020 00:08

They all (he) has mental health issues.

[catchingmice] 04/6/2020 11:51

The bandit LC will be out of a Job soon and fully deserved in my view and will find it very hard getting another Job for achieving Jack S--T

[matunde24] 03/6/2020 21:15

Another wasted fart breath... When are u gna give up mate...

[iamgreat1] 02/6/2020 11:45

Below 0.1soon

[iamgreat1] 02/6/2020 11:45

Scum that lc is

[iamgreat1] 02/6/2020 11:45

What a dog share

[lazygun] 29/5/2020 03:16

I wonder if Sanderson will use their increased position to vote down the resolutions?

Seems interesting timing that they would up their stake so much right before the egm.

Wonder if that’s what prompted the clarification RNS.....

L.

[lazygun] 27/5/2020 14:36

It’ll be down to Sanderson, shumba, and yakoub as to which way the vote will go. They have about 35% of the stock between them...

L.

[block4gooner] 26/5/2020 18:58

Many thanks for that

[uknighted] 26/5/2020 18:50

Your shares will be reduced to one tenth in quantity and the new shares worth 10 times the share price just before the consolidation. I hope that helps.

Edit, .I think this addendum was an attempt to placate shareholders who are unhappy with the arrangement concerned that they might be getting £600k worth of shares at 10 times the current share price - for example 3.0p.