Miccio's Past
Miccio's past includes a stint as mayor of Nelson. He is also co-founder and director of New Zealand Coastal Seafoods, which largely sells ling parts to China and is an ASX-traded penny stock. Until December 2019 he was a director and the chief executive of Australian hair jewellery company Kela Charms.
Miccio left the company just weeks before it was deemed insolvent and placed in voluntary administration.
Last year, a report by independent administrator BPS described "significant trading losses" at the firm under Miccio's management, and revenue that never came close to covering the company's rising advertising and administration expenses.
The company's payroll included Miccio and at times his wife, niece and two of his children.
"At no point in KC's [Kela Charm's] history was it generating sufficient funds from trading to enable it to service its debts," the administrator said.
The above piece is from an article in today's NZ Herald business section relating to his involvement with Medical Kiwi where Miccio is the Chairman and Executive Director.
Cannabis company Medical Kiwi declined NZX listing
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