Good to see Kiernan's curse has struck again at TTY with its outstanding diversification strategy seeing it second investment hit the rocks today. MAL has followed in MON's footsteps with VA appointed (and no its not MK's very best mate Bryan). At least the board wrote this one down at 30 June, but there are still MAL's terrible twin OLY and NMI sitting there festering and it is beyond me why the board did not take provisions on these two outstanding investments as well.
How can any board member who sat there during MK's rule remain on this board. One insolvency is unfortunate, two raises serious questions and well, four, what could that be described as?
Am so pleased to see him relaunching his empire building, seems the only thing MK is good for is the insolvency profession, sure as hell isn't the shareholders.
Meanwhile ASIC will just sit there and ask absolutely no questions as usual and let him blaze away.
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