Reasons why Lovegod voted NO to re-election of Nucharee Sailasuta as a Director :
- Conflict of interest: - Nucharee's company Lotus Hall mining contractor is our biggest expense in Thailand.
- Fox in the Hen house: - Nucharee would always put her own company & Thai interests before KCN foreign shareholders.
- Conflict of interest when it comes to negotiating our biggest expense being Mining contracts.
- Thai people have shown that Thai people will ALWAYS look after Thai people first & foreigners second.
- Zero benefit over the past 20 years from her so called excellent government relationships as we were illegally closed Down and recently endured the ridiculous 2 month opening delay followed by another PMR refinery delay both whilst she was a director.
- Wasting more shareholder money paying her +$40,000 to attend 2 meetings that could have been spent buying back stock
- She was a secretary for 30 years & "inherited" lotus hall from her deceased elderly Australia husband is something that would concern your mother if you brought her home to dinner to meet your mother wouldn't it .
Maybe going forward KCN just has directors that stand up against endlessThai drama's, instead of bending over to them & letting them continue doing as they please to us.
The strategy of being "nice" has got us into this mess over the last 10 years, maybe it's time to stand up for ourselves.
You do not get a spot on the board gifted to you for simply giving us a loan at double market rates of +12% & being cute & cuddly.
Let's put this into perspective : in 1997 whilst Nucharee was still a secretary, Lovegod was Vice president of a Wall street , New York , USA Financial institution trading billions of dollars worth of stock each year & i don't think KCN shareholders need to be paying shareholder money to any excess director when the only decision that needs to be made over the next 7 years of Gold feasting is BUYBACK STOCK with profits.
I do like my new Ross the Cookie Monster mascot though ! She can definitely be on the Board !
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