Afriag Live Discussion

shyduck 30 Jan 2018

Re: Afriag Pty accounts show no trace of... Did you see the surgical investigation into the AFRI-Afriag shares fiasco written in 2015 by a journalist I greatly respect?[link] PFC Integration is not part of a group, according to this reference source:[link]

shyduck 30 Jan 2018

Afriag Pty accounts show no trace of AFRI stake Bombshell news over the pond as Afriag (Pty) Ltd accounts show no trace of AFRI's alleged 40% equity stake:[link]

akaDolly 29 Jan 2018

I saw this posted, a possible investigation? [link] EXTRACT FROMHowever, the accounts for Afriag Pty contain no sign of this - although the 2016 set reveal a loan to Afriag (Pty) Ltd of a comparable amount by another Robillard company, PFC Integration. Afriag has never declared any stake in PFC Integration so what is going on here? Perhaps CIPC will be able to clarify after its enquiry.FOR INFO re PFC Integration, if anyone is interestedSometime back another poster (may have been Shylock, but not sure) posted a few posts on another bb. The gist of those posts that there had been a merger with a company and Afriag, yet no RNS had been issued or any info generally relating to a merger. The poster seemed quite certain that there had been some sort of merger. I think it sprang from a guy on Linkedin, who was working for Afriag. This guy said that he had worked for so and so company, and that they had merged with Afriag. I rang Afriag office and got to speak to DL. I asked him about this merger. He said there wasnt a merger but that Afriag had taken on a substantial amount of another companies employees. I think this company may have been PFC. I spoke to DL for about five mins or so and he insisted there was no merger. My memory may be playing tricks but I seem to think something was said about authorities saying it should have been a reverse takeover, but DL saying it wasntBit after that I came across a linkedin account for Renee Rossouw, It stated she had worked for Afriag PTY but was also now doing PR and payroll for Afriag and PFC. I have looked for the linkedin account tonight but couldnt find it so dont know if it has been deleted. I did find the bit where I posted the info, but cant find the complete post. It does suggest they are a joint company nowEXTRACT FROM OLD POSTRene Rossouw Manager at afriag pty ltd. Johannesburg Area, South AfricaLogistics and Supply Chain Current Pfc Integration /Afriag pty ltd. Previous PwC South Africa Education University of South Africa/Universiteit van Suid-Afrika Experience Human Resources Manager/Accounting/payroll. Pfc Integration /Afriag pty ltd

shyduck 18 Oct 2017

Re: Interesting View from DL Good -- he was asked some awkward questions for once and he didn't look comfortable.Interesting - but not surprising - that the cannabis JV might need $20m+ to get up and running. That's a lot of new shares and a potentially slippery slope for LGC shareholders.When asked about Afriag (Pty)'s reported leap in revenues without any increase in profits, he blandly sidestepped the question by saying that the money was reinvested in the business. But surely you can't reinvest £11.7m in a small business without having something material to tell investors about, such as new trucks, an acquisition, new assets, etc. But AFRI shareholders weren't told any such news.I think there's an elephant in the room here and it would explain why AFRI shareholders are being kept in the dark.If LGC's cannabis JV partner, Afriag (Pty) has to put up its fair share of cash in order to acquire a controlling interest in House of Hemp and invest in other facilities in order to get a permit and produce and transport medical cannabis according to the strict regulations laid down, it needs a lot of cash.Unlike a public company, Afriag (Pty) can't raise cash on the market. So could it be diverting funds which might otherwise have been reported as profits into its cannabis JV kitty?Based on its last two years' figures, as much as £5m could have been squirrelled away for the JV - much to the detriment of AFRI shareholders.Had Afriag (Pty) declared £5m of profits then 40% of it (£2m) would have been handed over to AFRI -- which would have seen AFRI's SP rocket.Even if the cannabis JV makes a profit one day - which isn't guaranteed and is arguably unlikely given DL's listed companies' track record of never making profits for shareholders - then the payback to AFRI shareholders from the JV would be just 12%.If this scenario were real, then presumably DL can't tell AFRI shareholders about it because plenty of shareholders might prefer to take a £2mpa dividend today than wait several years for a 12% dividend from the bird in the bush.And if this JV is sucking Afriag (Pty)'s coffers dry, then AFRI's SP is paying a heavy price for it.This is purely my theory but it seems to add up -- if you believe that Afriag (Pty) really did notch up £11.7m of revenues last year…which hasn't been verified.

ybhere 18 Oct 2017

Interesting View from DL Worth a look.[link]

ybhere 17 Oct 2017

LGC Capital to dominate global medical cannabis market DL on Stock Tube re LGC Capital to dominate global medical cannabis market''We've made some very tough decisions in the last few weeks and the toughest was actually withdrawing from Cuba as a whole so we could focus on our medical cannabis initiatives which we're very excited about'', says LGC Capital's (CVE: LG) David Lenigas.''We've got plans for global domination, ex-US at this stage, with respect to creating a medical cannabis company with a global footprint.''[link]

ybhere 14 Oct 2017

Cannabis Farming Interesting articles from the Midas Letter. Best to visit the web site to get the leafy pictures and video's. No good to copy n [email protected]

ybhere 14 Oct 2017

Re: please sir, can we have a bubble!! On the News, the wild fires in California have destroyed some of the cannabis farms. It didn't say how much but, will it create a shortage of supply.Wonder how many junkies were driving downwind of the blaze. Free smokes and they don't even have to buy or roll a spliff, or whatever it's called. Every cloud has a silver lining.YB

akaDolly 13 Oct 2017

please sir, can we have a bubble!! A lot of money to be made for sure. The set up looks pretty impressive, govt backing/association? just wondering with Victoria (aus) govt harvesting their first crop in Feb Note LGC have SA security to keep it off the black market. Picked up a few links. Several companies now getting the licences[link] Macdonald, principal and investment adviser at Morgans Chatswood, notes that most of the stocks have fallen off from highs in March and had arrived at a "happy medium"."The government awarding licences a couple of months ago is what really set off the current hype, and like all of these bubbles they do run out of steam," says Macdonald, who has advised companies in the industry."People are still paying quite high multiples for these stocks that are pre-revenue, or certainly a number of years away from profitability because they're happy to bet on the fact that over the next three to five years they could potentially have access to very, very large revenues."......................................Chapman says Stemcell United's "out of control" share price fluctuations (it has since returned to 11¢ risked damaging the reputation of the whole industry."Unfortunately, mum and dad investors get hurt in that," he says....................................."And now as the industry is maturing, and as the investors within the industry are maturing as well and understanding what goes into making a successful medicinal cannabis company, we should see less and less of that sort of behaviour."................................."Unfortunately the nature of this particular industry, just because of what it is, attracts some very interesting individuals. And then you've got some on the other side that are just after a buck at the end of the day: they're going to sprout any kind of idea and let it do a run. There is just an incredible amount of hype, for sure."25 companies have applied for licences in Australia + easier to import into Australia[link] stages to go through before sale of the product[link]

akaDolly 13 Oct 2017

its all misleading until they get their act together and tell us how it really is, there will be no trustI asked DS and HH about blurb going out from LGC stating the venture was with Afriag Global plc. They stated they didnt know anything about it and further went on to say they could not control what LGC were saying anywayI initially referred to LGC as LG. HH said he didnt know who I was talking about. DS told him, I dont know if he was being deliberately evasive or he didnt realise I was talking about LGCI saw some of the links that Kenny100 on the bb over the road put up. I was pleased to see that the video interview came up with the heading LGCvAfriag SA.However, at 1.25 in when the LGC CEO speaks, he states Afriag SA, a publicly listed company.This can no longer be considered a mistake. It is deliberate. Either it is true that Afriag Global own this lot or it is a lie and Afriag SA is not a publicly listed company. DS didnt agree that there were trust issues with this company, yet it goes on1,25 in[link]

akaDolly 12 Oct 2017

DL didnt need to attend I dont think he was expecting hordes of rampaging shareholdersDon Strang and Harris were aware of who would be attending. They had the LetterofRepresentations by the 6th Oct. They expected maybe at least oneor two others besides me to be attending. For thos not attending in person, they had the proxy they knew generally how the voting was going. They could see that even if holders like me intended to vote against everything, it was never going to affect anything. I knew that, I went because I was angry and wanted to ask questions and to register my votes AGAINST certain resolutionsIf some of the larger holders had registered their vote, and voted by proxy, they did not even need to attend. It would however have registered that holders were awake and maybe some progress could have been made in the future, even if that meant simply more communicationBoth Don Strang and Hamish Harris were very personable. Hamish was what I would call a bit of a lad, not unpleasantly so, he just amused me. Don seemed geniunely unaware that holders perceived the company set up to be messy. He took on board my criticisms, but stated that he did not agree with them. My criticisms were much the same as those that have been voiced across boards for over the last yearI dont know if they really believed it themselves, but they were both upbeat on the cannabis deals and they could not understand why I was so insistent that the benefits of those deals for the private entity (Afriag pty) would not be benefittng Afriag Global investorsI wish some of you had gone, I did my best to get info but I wasnt going to ask some of the questions I had seen on other boards. A lot of those would have been commercially sensitive, they are not going to give out operational figures and the likeThey had a couple of options as to how shareholder value would come in, but I wasnt convincedI did ask what the potential placing of up to £300k was for, they were non committal. I felt that they didnt even know themselves, but surely I was mistakenIm pretty sure Hamish said there hadnt been a placing for some time. I pointed out that there had just been one recently for £200kI asked about CK and ATM, Again non committal. I felt they either didnt want to discuss it or didnt know that much about it.Generally, they were not giving away too much. I thought that was surprising because nothing I was asking was price sensitive. Simply trying to get some idea of what was happening with Afriag pty. This information is surely in the public domain in as much as the SA employees will know all about the merger that wasnt a merger, as in they just took on a lot of employees from another company.

akaDolly 12 Oct 2017

what a coincidence Been reading the posts across the road, hi there. Im a shei noticed one poster saying they had looked at selling but was offered only .18. i looked up the NEX and was a bit amused to see that between the 4th and 9th of October there had been buys of nearly the same amount as my holdings. What a coincidence that isBarclays, went they first sent my notification to register my name and holdings for the shareholding register, made a mistake. For some reason they only disclosed a holding of 200k. That was sent to the registrars a few days before the deadling of the 6th Oct. A day or so later when I rang them to pull them up on their mistake (obviously they sent me a copy of the letter of Rep) they sent another notification very hurriedly, for the further >1.7. That was still registered with the registrars in time of course, by 6 OctoberIt was not necessary to have the proxy form in and disclose how I would vote by the 6th even that was requested. If you go in person you just vote on the day. Your holdings need to be registered on the declared date thoughI just thought it was such a coincidence that someone had bought nearly the same amount within that timespan. Dont think I would have bought another million on the day of the AGM. You would have thought they would have waited, unless they intended to go to the AGM but didnt register in time. Maybe they bought them by the 6th and it only showed up on the NEX listings by the 9th and then they didnt go to the AGM for whatever reasonps Hamish doesnt like the Scam word, it hurts his feelings, director of all those AIM companies, yet so delicate, bless[link]

akaDolly 10 Oct 2017

Re: i went to the AGM I had been to Jermyn Street in the morning to let them see all my documentation to ensure there was NO problems with my being able to register my vote.

akaDolly 10 Oct 2017

i went to the AGM I was the only person, besides Don Strang, Hamish Harris and their solictor, that attendedI had been to Jermyn Street in the morning to let them see all my documentation to ensure there was problems with my being able to register my vote. I had intended to vote FOR all resolutions except the potential £300k raiseI was in the meeting room of the AGM at Broadgate Tower at around 3.50pm. The guys came in, introduced themselves and then at 4pm announced that all the resolutions had been passed by x amount (I didnt quite catch it) by 200k against. I stated that was not correct because I had interest in >1.7 million and that I intended to vote against resolutions as a dissdenting voice. Don Strang said that he would add my interests as votes against. They did not hold a vote as such, just announced the results. They did not ask me how I was going to vote. They had assumed because the official proxy form was not filled in, there was no further action to take. I had with me my Letter of Representation to state that I had authority to vote on my own behalf. I had checked with Jermyn St, that offical proxy form was not required since I had all other documentationHowever, my votes were counted as against. The vote, if I wanted to be pedantic, was not carried out in the correct manner. I did not intend to vote against all the resolutions, just the resolution 5 but I was not given the correct opportunity to voteThere was a full question and answer session, well there was only me there so they had plenty of time even if Hamish was a little impatient and frustrated with my comments and questionsFrom that question and answer session I do not think there will be any value added change here in the near future

akaDolly 04 Oct 2017

even the company are confused Either they have it wrong, again, or Afriag pty are doing even better than the BOD even knew aboutAfriag pty (the South African 60% privately owned associate or sometime subsidiary) just turned itself into Afriag Global pty, or maybe it always was the one company and they just forgot to mention it. Maybe they did an RTO or maybe they didnt merge, maybe they just took on most of the staff of Afriag Global plcWhats it to be, Afriag Global plc or Afriag Global pty? There isnt a company, Afriag Global pty, as far as I know. Will anymore of the back office be leaving? States Partnership LGC Capital Afriag Global pty[link]