Kin Share Discussion Threads

[ravin146] 19/9/2017 22:24

Nought atm, played the spike luckily well.I know a few here and on LSE that do though.Not happy with how it's been run and the BoD need to be hung dry as genuine holders lost here, unless is comeback from the dead.Paul landau, Anna Gudmundson, current chairman, even the stupidity of NW1...have they not been bloody looking after there investment? They should have been on the board and running things...they had 50% or more as once I think due to placing.Hope there is a glimmer of hope for current holders, why was documents which indicated a suspension released to companies house before the market knew?Surprised that has not gone to the regular unless a few of us here are mistaken.Gla

[ochs] 19/9/2017 21:15

Not 100% clear if she's still with the PLC or been sold on with the 'business' to the Australians.

How deep in this are you ravin146? Got 3, 4 or 5 figures invested?

[mudbath] 15/9/2017 22:16

Thanks Ochs.

[ochs] 15/9/2017 21:26

Well they got £50k - but much of that will probably go in fees and debts - so yes the term 'cash shell' may be hopeful, so perhaps just 'shell' - the listing (for now) is the most valuable thing Kin PLC has for sure.

[ravin146] 15/9/2017 13:18

What are you on about?!There is no business it is sold, finished.The kin group plc own exactly what?

[mudbath] 15/9/2017 12:47

I think we own a Rule 15 Cash Shell,for the next 5 months anyway.
Come the end of February 2018,the story will end.
It might of course signal the start of a very rewarding future.

[ravin146] 14/9/2017 14:35

website updated...the new company is taking it global...gd luck lol

so basically the kin group plc, owns what exactly? it not the currnet clients and business...so what are they going to do, in order for NW1 to take part in the placing?!

hxxps://www.kinwellness.com/about-us/

[ochs] 12/9/2017 20:09

Indeed - and nothing in the update as to which employees/Directors are moving to the new owners or staying with the remains of the PLC.

[mudbath] 12/9/2017 18:43

What price an injection of assets by the concert party allied to a sacking of the BOD?

[ochs] 12/9/2017 14:27

What price a placing though? I guess it depends if with NW1 or someone else.

[mudbath] 12/9/2017 13:54

Tue, 12th September 2017 - 07:48
Administrators have completed the sale of the business and certain assets of Kin Wellness to SMG Investment Holdings Pty, an Australian company based in Brisbane, for £50,000 in cash.

Kin Group said the proceeds would be used to pay creditors and it was unlikely there would be sufficient realisations in order to make a material distribution to the company.

Trading in the group's shares has been suspended since 18 July following Belastock Capital;s decision not to proceed with the three further tranches of the convertible loan note, initially announced on 15 May.

Kin Wellness - the group's operating subsidiary - appointed Simon Harris and Ben Woodthorpe of ReSolve Partners as administrators at the end of August.

The group said the directors remained in discussions with potential investors to raise new equity funds by way of a placing.

It said this would require the approval of shareholders.

[ochs] 12/9/2017 12:28

So KIN Wellness Ltd was worth £50k. You've gotta hand it to these guys - they did well to raise so much money and convince so many investors over the years!

[dipla] 05/9/2017 13:31

interesting..website is back up?

something going on? NW1 invested?

lets wait an see...imo

[ravin146] 01/9/2017 15:23

first tweet in ages for ex CEO:

Paul Landau‏ @PaulLandau74 Aug 30
More
Gave blood today for the 1st time @RoyalFreeNHS. Nothing to it - everybody should do it! Seriously quick & painless #Giveblood @GiveBloodNHS

fantastic!

these guys should be named and shamed

[ravin146] 31/8/2017 10:35

So are you guys taking management to court? Does that include Paul landau, Anna gudmundson, Danial Stewart etc....have anyone been in contact with them on any platform beforehand?

Jilson on LSE, you need to look at the fact that papers were on companies house indicating a potential suspension before the market was aware...the date are all before the suspension date?!

Look forward to the outccome

[ravin146] 30/8/2017 16:53

Well the berries tweet is apparently from @wework offices so rameshh, they may still be working there it seems!

[rameshh] 30/8/2017 16:00

Shocking behaviour by a CEO, may be fired who knows?! They can't the salaries now so must be chairman and cfo standing atm. Office closed, website closed, client contracts dead...NW1 prob worthless.The events here have been shocking, FCA will need to look at the BOD.Those documents imo do appear on companies house and were released weeks before actual markets knew it was a private company?!Anyone else believe this? On the LSE thread too?Just never know they may get funding...

[mudbath] 30/8/2017 14:10

No expression of remorse there then.
What a failure she proved,along with her "team".

[ravin146] 30/8/2017 13:55

First tweet in months...Anna Gudmundson @annagud·59mBest Berries Ever @britishberries #seasonal #local #healthySnack

[dipla] 24/8/2017 15:30

Read my post 125, shocking if true and I'm not mistaken...and the CEO posts this on twitter weeks before:Anna Gudmundson @annagud·28 JunKin Group Plc targeting big opportunities after 18 month transformation #AIM #investing #HealthTech Kin Group targeting 'big opportunities' in the US after 18 month...www.youtube.comOh dearImo, dyor

[ravin146] 24/8/2017 12:09

Well no surprises there...NW1 looking after its own interests. They are sitting on huge losses, can see the directors name on companies house, feel sorry for them.You never no could still be surprised by a takeover or asset purchase of the KIN app.It's prob got a month than 6 months to be alive really imo.Paul landau and Anna Gudmundson, current Board- inc Donald Stewart will be tarnished on their CVs having failed at their roles.Unless they do surprise many?!

[mudbath] 23/8/2017 20:20

The concert party and those associated with it, control assets worth many tens of £millions,or billions in the case of Kilfin/Kirsh.
Kin was an expensive diversion.
NW1 could redeem their £10 million loss if part of those assets were injected into KIN,having first though dispensed with the loss making Wellness business and its crass BOD.
Unlikely maybe,but possible.

[silvergreyhead] 23/8/2017 17:52

Hello Mudbath forgive my ignorance but could or would a reverse takeover benefit the smaller shareholders or just NW1 if that is what they were aiming for.

[mudbath] 23/8/2017 15:45

Only for KIN the business(hard luck Anna).
Too early to be categorical regarding shareholder value, imo, as the "shell" avenue must be a consideration for NW1 or other concert party members.
This possible "reverse takeover" is why several investors here took a position in the first place.