ASX would have seen it for what it was and would have made sure that there was a consistent fit to the business of KKL. Really if the truth be known it was an arranged marriage / merger because as you can now see KKL was not taking over a company that was going to contribute a strong cashflow. I believe it was a handshake between friends and the ASX had to try to understand why... as where was the benefit.
ASX have been well aware for a long time that KKL had trading insolvent issues and I am sure they would like to see KKL remain on their boards paying their fees. I am a straight shooter so I think we have some good salesman that can sell ice to Eskimos. Lets hope they can turn their attention to the big deals we have been waiting for.
Probably what I have said is a different take on others but at the end of the day we have been sold into this deal and there are no contracts delivered. Its November and I question performance big time.
KKL Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
