Both sides carried on negotiations in good faith despite the Company receiving a Section 249D notice on 11 May 2018.
Anyone who thinks this cornerstone investor 'carried on negotiations in good faith' since the 11th May as outlined in the announcement IMO is dreamin'.... making KFE jump through hoops and even proceeding to TH ?? Sorry but again IMO they were always going to bale from the moment the 249D was lodged ..... or at least leverage off it as an excuse to delay the proceedings ....
.... and our 9.5% shareholders gave them the perfect opportunity to 'opt out' until July ... sitting back waiting for results in June and July without outlaying one cent; watching our bank balance shrink; watching KFE's position of strength diminishing while in parallel their position of strength will be increasing the closer we get to July etc etc ....
... yep IMO we have been screwed royally and our own shareholders gave them the way to do it and using them as the scapegoat while all the time still appearing as the 'good guys' ... Wow - well played ... Hats off to them .... hehe
Ann: Capital Raising Update, page-43
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Last
3.5¢ |
Change
0.001(2.94%) |
Mkt cap ! $125.9M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.7¢ | 3.5¢ | $168.6K | 4.696M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1670812 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 300000 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| M4M (ASX) Chart |