KCN 0.80% $1.27 kingsgate consolidated limited.

$500,000 Cash bonus taken by Ross & Jamie from placement., page-2

  1. 981 Posts.
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    Wowee as the Lovegod further examines these shenanigans, no AFL grand final pi$$up for KCN shareholders today .... confused.png

    So then what happens during the time Ross & Jamie gift themselves $500,000 in cash from the placement proceeds the sneaky buggers.....

    SO, eek.png after the shareprice is DESTROYED from $2.05 because of the placement ---> Jamie then makes his first purchase ever after working for 10 years at Kingsgate at the nice destroyed after placement discounted price of $ 1.47 eek.png




    https://hotcopper.com.au/data/attachments/5619/5619495-b590ed5158ce796fb9e7513aa41cab95.jpg

    wouldn't it be extra funny if your placement SPP cash was actually used to fund his purchase !! sneaky.png

    It's very possible as they gifted themselves the $500,000 somewhere between April 1st and June 30th confused.png

    Any Forensic accountants out there willing to find the EXACT date the $500,000 Bonus was paid in this 3 month window...

    Hahahaha, i would laugh if it was paid on or before 28th April !

    I'd move permanently to Thailand if it was 28th April if i was them !


 
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