I don’t agree. Previous management put together a plan for a plant that wasn’t workable. When this was made clear the share price halved. And the guy in charge resigned, rather than defend his plan.
That was a disaster but there’s nothing we can do about it now. I’m more focused on what the new chairman and new managing director are doing. And they are providing no information on what is happening with the plans for the plant, the loan, or the company balance sheet in general.
KIN Price at posting:
13.0¢ Sentiment: Sell Disclosure: Held
