akaDolly
04 Oct 2017
placings I note on another forum posters are surprised that DL is stating no placings, yet a little later there is a placing.No one should be surprised. Each year when the voting papers come out you will note there is a special resolution. This is the resolution that I have highlighted. It was there 2015, I didnt look for 2016, that was the year they went to ISDX. Shareholders are giving the BOD the right to issue further shares without any recourse to current shareholders. Dont be surprised when you get ad hoc placings, by doing nothing, shareholders authorise it. BOD have complete authority to do itRes 4[link]
akaDolly
29 Sep 2017
Resolution 5 - furthe potential placing The company wish you to vote for the possibility of allowing further dilution within the next 15 months, for an amount of up to £300,000. Bearing in mind there was the placement recently to acquire £200,000. This resolution needs careful consideration by shareholders. The resolution seeks to do away with offering current shareholders the opportunity to take part in a placement on a pro rata basis. The company should have set out any business case for this action. They are seemingly so blase about Afriag plc shareholders, we are not even deemed worthy of an explanation. They dont expect shareholders to vote, so without any action from shareholders it will go through.Well, I suggest as many as possible get in touch with the company and ask for a rationale for this request for another placing. If you feel the explanation is satisfactory then vote accordingly, but get an explanation at leastThe Act that governs this is to protect from unneccesary and unsatisfactory ditlution of our current holdingsMy own perception is that the company is not currently giving a satisfactory performance as far as my holdings are concerned. They are not being open enough to what is happening or where any value is coming from with regard to Afriag Global plc. Its all very well stating a 40% equity holding in Afriag pty ltd or a 100% ownership of Afriag Marketing pty ltd. Both entities, protected by their pty designation, are not going to disclose anything anytime soon. They cannot issue shares to the general public, but Afriag Global plc will carry on issuing without giving any reasonable explanationRe the Resolutionwww.out-law.com/en/articles/2015/march/shareholder-engagement-needed-if-large-companies-wish-to-disapply-pre-emption-rights-expert-says/The Companies Act protects a UK company's shareholders from having their stake in the company diluted by giving them pro rata rights to subscribe for new shares issued for cash unless those rights are disapplied by special resolution. The same rules apply to non-UK companies with a premium listing on the London Stock Exchange (LSE) by virtue of the Listing Rules overseen by the Financial Conduct Authority Re pty company[link] Notice of Annual General Meeting inc Resolution 5[link]
ybhere
25 Sep 2017
Cannabis can strengthen the rand. From a Tweet by DL.'Cannabis can strengthen the rand'NEWS / 23 SEPTEMBER 2017, 10:15AM / DUNCAN GUYDurban - Coastal fields that once produced more sugar than they do now could be planted with hemp for export products that could bring the rand back to a healthier exchange value.Krithi Thaver, founder of the lobby group Canna Culture SA, this week addressed cannabis growers organising themselves into an industry association, the Cannabis Development Council of South Africa (CDCSA).“New research says we can grow hemp (a cannabis variant) on a large scale,” Thaver said. “The sugar industry is selling off sugar farms on the South Coast and the North Coast as sugar is being imported from Brazil. So here’s the solution.”He said hemp products could include animal food and fibre for clothes and shoes. “The plant can also offer biofuel.”YB
akaDolly
19 Sep 2017
some of the links, hope they work [link]
akaDolly
19 Sep 2017
sack the back office? i read on a couple of boards that the LGC presentation has been amended re misleading/confusing statement of jv with Afriag Global. The whole presentation still goes on to say that that LGC is in 'partnership' with Afriag Global. Dont quite see how that works when Global only have a 40% minority investment, but whatever. Kenny on the other site UK gives links to other sites where there is general discussion that is putting the suggestion forward that it was merely a typo. Well I will leave that to whoever is investigating these things. However, while looking at this stuff it occured to me that there appears to be another, ahem, typo. I think it was brought up on the other bb so I did the research, and there it is. In the accounts, in link below, it lists subsidiaries and further goes on to describe Afriag pty as 'associate'Associate?items 12 - 13 FINAL RESULTS DEC 2016[link] in the RNS via NEX it describes Afriag pty as a 40% owned subsidiary. Confused? I understood that an associate was when the parent company (I am considering this to Afriag Global since when it was set up Afriag pty was supposed to be a new company), owned the minority stake. A subsidiary being when the parent company owns the majority shareholding. This coul explain why Afriag Global are making the announcements for Afriag pty I suppose, but surely this is not a subsidiary, is it? Did I miss where Afriag took a majority stake? Dont think I did. Again quite misleading and confusing. I would have thought this had to be dead on accurate where formal announcements are made. It does state on the bottom of the announcement that the directors of the company are responsible for the content of the announcement[link] Global PLC, the London listed global food and logistics group announces that its 40% owned subsidiary, AfriAg (Pty) Ltd (“AfriAg”
, has entered into a strategic alliance with Canadian listed LGC Capital Limited (TSX-V: QBA-V)(“LGC” to create a new 50/50 Joint Venture to grow and distribute medical and recreational cannabis products in the southern African region for export to regulated and certified end users around the world.
akaDolly
18 Sep 2017
Re: highlighting Resolution 5 Copy of AGM notice[link]
akaDolly
18 Sep 2017
highlighting Resolution 5 in the notice of AGM for 9th October, as well as the usual resolutions for re election of directors and passing of accounts etc, items 1-4 there is Resolution 5. This resolution is asking for shareholders to vote to enable the directors to issue further shares without the usual permissions, therefore not requiring any disclosure for the reasons. Just so they canThe directors are advising that we all pass this resolution without further question on trust of the directors. Since I do not have trust in the directors to do this in the best interests I consider that shareholders take a good look at this and vote accordingly, as opposed to just letting it pass through without further investigationVoting forms need to be with the company before 4pm on the 6th October. i was concerned that because this is now NEX listed there would not be the opportunity to vote. I have spoken to Barclays this morning and they can send out the necessary voting paperwork to investors should they require it
akaDolly
17 Sep 2017
well done Shylock Thank you for sending off your complaint. We need this company investigating to find out the truth of what is really going on
akaDolly
17 Sep 2017
Complaints to TSX Further to my posts in July, drawing attention to the fact that LGC site announcement was misleading in that it announced a joint venture with Afriag Global plc. Afriag Global plc announced the jv., but stated in RNS on NEX that the jv was with Afriag pty, which is a privately owned company in South Africa. It is not listed on any exchange. I see that the poster Shylock on another forum has also picked up on this, and has sent complaints to the relevant TSX authority. I am so pleased to see this[link] July 2017, LGC Capital and Joint Venture partner AfriAg Global plc signed sole and exclusive agreements to acquire a 60% interest in South Africa’s House of Hemp.Saturday 15.59[link]
akaDolly
22 Aug 2017
Don't be fooled by misleading posts etc A couple of items being put out are misleading folk into thinking there is new news for Afriag. There isn't. Seems odd they are so desparate for attention they are putting this very old news out. DL said (last week?)on twitter that people wouldn't not notice Afriag Global in the next week or so. Old news doesn't cut it. Especially when it looks more and more only to mislead. Take note, Afriag pty is not Afriag Global ie Afri that is London listed. Afriag Global does shareholders do not get to see what Afriag pty are up to, nor do they get any transparency. Afriag global shareholders have very limited information on what is happening with Afriag pty and so far that has not been a good thing for retail investorsposted on LSE purporting to be a 3 day old news item. Most of the news items on this mag are dated August 2017. This news item is from Aug 2014[link] from David Lenigas, showing photo of Dubai trade fair. This event was in 2015[link]
ybhere
11 Aug 2017
Cannabis production in South of England A business opportunity perhaps, in the news today, for AfriAg to take over the nuclear bunker in the South of England where some low life's have been growing Cannabis. Should be going cheap as the owners will be 'Inside' for a few years.YB
ybhere
01 Aug 2017
DL Tweeted Quoted on the NEX, current SP 0.31, DL Tweeted AfriAg hasn't even started. Wait!!!! This is one of my favourites. And it will grow very big in time.YB
akaDolly
23 Jul 2017
Re: Seems misleading to me It is getting pushed on another forum that the agreement is with Afriag Global and LGCthe way I am seeing it, is that LGC Capital have signed agreements and joint ventures with Afriag PTY which is the South Africa arm ie SAI cannot find any "official " docs that state LGC Capital have any agreements with Afriag Global plc, which is the company that is London NEX listed. Afriag Global state they are simply announcing the joint venturesI have seen items listed on other forums such asStates LGC venture with Afriag Global. Afriag Global is UK based, as I understand it, listed on London 'growth' platform NEX [link] link states that the LGC partnering venture is with Johannesburg based Afriag[link] item on the LGC Capital site, that states LGC are in joint venture with Afriag Global. However the official NEX announcements only state that the joint ventures are with Afriag PTY (SA). I noted there were further notices stating that LGC and Afriag PTY were putting up the payments to House of Hemp. I cyncially thought that it would be Afriag Global that would be paying out, but no. It stays with LGC and Afriag SA. That further shows the agreements are with Afriag South Africa and not with Afriag Global (NEX listed Afri)It does not state the agreement is with Afriag Global or that Afriag Global is in any joint venture with LGCAfriag Global owns 40% of Afriag SA and yet we do not get to see any accounts of said SA/PTYI appreciate Afriag Global plc have 40% ownership/interest in SA but for shareholders of Afriag Global it means nothing. We have no transparency of what Afriag SA is really doing. Only how much they are turning over and what profits they attribute to Global. We do not get to see if it is a true value of the shareholding we bought intoI wonder what accounts holders of LGC Capital will get to see. since LGC will have 50/50 partnership with Afriag SA. Does this mean that Afriag Global have a diluted interest in the profits that will be attributed from Afriag SAHow do Afriag Global get to see what is attributed to LGCI dont understand how LGC can state on their sites and in presentations I have seen, that they are partnered with Afriag Global. Afriag Global are not the controlling owner of PTY. The accounts are not in the public domain because PTY is not a listed company Afriag Global really need to put up a presentation with organogram, or get in cync with its releases. Maybe it will become clearer but at the minute its a helluva messy carry on
ybhere
22 Jul 2017
Re: Seems misleading to me Afternoon Aka,Certainly makes you think and seems quite confusing.i'm just going from the opening sentence of the announcement on the AfriAg Global site[link] Global PLC, the London listed global food and logistics group, announces that AfriAg (Pty) Ltd (“AfriAg”, the Company’s 40% owned agri-logistics specialist, and their joint venture partner in their southern African medical cannabis initiative, LGC Capital (TSXV: QBA), have signed sole and exclusive agreements to acquire a 60% interest in South Africa’s House of HempMy interpretation, (just to add to the confusion) AfriAg (PTY) Ltd and LGC have signed an Agreement with House of Hemp for a 60% interest in their House of Hemp Company.AfriAg Global (which we are invested in) has a 40% interest in what AfriAg (PTY) and LGC are investing in with House of Hemp. If that makes sense. Or is it 40% of a part share of AgriAg (PTY) and LGC's Agreement. In otherwords, Part share of a part share.I could be wrong. It's certainly becoming a tangled web.YB
akaDolly
22 Jul 2017
Seems misleading to me It seems to me that some of the news items relating to the hitch up with LGC and House of Hemp are incorrect and could be misleadingBelow is an item on LGC Capital site, posted by others on another site. This item states that that the company Afriag Global plc (that is the stock that was listed on the AIM market and is now on NEX., is the company that are in a joint partnership and have signed agreements re House of Hemp etc. I think this information is incorrect, I am happy to be corrected but I have also posted on here the official NEX announcements. I understand that it is Afriag pty that have signed these agreements with LGC. Afriag pty is Afriag SA (South Africa). Afriag SA is a 40% ownded subsidiary of Afriag Global plc, Afriag Global shareholders (the NEX listed company) do not get to see any accounts etc of Afriag SA. The 40% interest that the NEX listed Afriag Global plc have in Afriag pty (SA) have not, so far, done anything favourable to the sp as far as retail holders go. We can only hope that is something that may change sooner rather than later, otherwise I do not see the point in all the fanfare. This tie up will favour LGC and the 60% privately owned Afriag pty (SA). We dont get to know anything else about Afriag pty and what it is they are doing, so why are we being given all this news. It is no more to do with us than any of the other goings on with Afriag pty in the last two years. Also why the disparity with the news of LGC tie up with Afriag Global or PTY. Which is it, tie up with the NEX listed company or tie up with a 60% privately owned company of which we have no sight of what is going on. If this were an ordinairy corporate it would be of no business or interest of ours, but it isnt, this company came to the market to raise money from private individuals and does not appear to be giving full and correct information on what is happening and with whomItem that states the tie up is between Global whereas I think from other announcements it states tie up is with PTY[link] GLOBAL plc end of year accounts. From a turnover of c£12million from Afriag pty, Afriag Global plc received c£102k which was the 40% [link] + Afriag pty (which is South Africa, not Afriag Global plc)[link] ANNOUNCEMENTLGC + Afriag pty (which is South Africa, not Afriag Global plc) create 50/50 joint venture. This is official announcement put out by Afriag Globa plc, it is news re Afriag SA., which is pty and 60% privately owned. Afriag Global plc have 40% interest[link] ANNOUNCEMENT- again official announcement by Afriag Global plc re Afriag SA pty, the good news and action relate to a 60% privately owned Afriag SA[link]
