For all those who have defended the appalling conduct of KeyBridge over the years, dare I say, I told you so. They are not, and have never been, a party that we would want associated with this company. This latest fiasco may be yet another attempt to either take over the company or at the very least extract further value from shareholders. Seems to me that they are trying to force a cap raise at a very low share price, so they may have an entity prepared to participate and take a significant holding for next to nothing. Or they're perhaps trying to force insolvency so that they can "vulture' the remains. Whatever they're up to, it won't be good for shareholders.
It's great to see the enemy insider has finally been ousted.
MEL Price at posting:
1.0¢ Sentiment: Sell Disclosure: Held
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