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1.5¢ kollakorn corporation limited

Ann: CEO's Address to Shareholders, page-9

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BohannonsVest

6,677 Posts.

186

27/11/17

12:58

Post #: 29143679
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Originally posted by Arkie ↑

I know that this isn't meant to be a forecast however this is a major downgrade in sentiment on Isity.

"The warrantors will put at risk the shares that have been presented. These will be put in escrow until July 2019 and the achievement of a minimum profit of $500k in FY 2019"

And....

"In all transactions such as this, a significant degree of post contract review occurs after the parties have formalised the contracts, and adjustments are made to the business accordingly. Kollakorn has been no different." What, they didn't do this in their DD beforehand!?? They already new each other business, as mates. BS!

I'll continue to hold in my SMSF only.

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Funny that isn't it - first, it was performance shares launching from a annual base of $8 mill; now, it's we hope to make $500k 2 years from now.

KKL Price at posting: 3.9¢ Sentiment: None Disclosure: Held
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