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Litgation on KDR Concerns, page-90

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Murphyslore

1,119 Posts.

24

15/11/16

22:06

Post #: 20641403
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Originally posted by LiveEagle7 ↑

BK, you are absolutely right, my bad, they did indeed have debts of around $100m, I whole heartedly apologise for the mistake which may have mislead some people.

Banks will always be first in line to get their cash when a company goes bust.

I'll say nothing of the sale of Mungana goldmines and the investor presentation used at the time of sale which had misleading production statements within it, albeit they were corrected and no complaint was upheld against the company. Why did I mention Mungana, I wonder!

Well done to KBL for standing their ground and alerting people and the market to what appeared to be an engineered situation, at the time I was not KDR holder and I don't condone that type of conduct.

The MZN / KDR disagreement is a sorry tale and even more sorry is the fact that it is hard working people trying to get on in th e world whose money these directors think they can play with. These guys do pretty well out of these companies and out of the share holders.

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Now I have learned that Director Martin Donohue did the dodgy by forging signatures on behalf of his family and was banned as a broker 13 years ago by ASIC all sounds dodgy to me.

Sold out at .74cents a few weeks ago, glad I did!

KDR Price at posting: 45.0¢ Sentiment: None Disclosure: Not Held
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