The major problems arise from previous CEO who coloured the...

The major problems arise from previous CEO who coloured the financial reports while buying tons of “transformational businesses” and which they were until we acquired them!

Keytone NZ was potentially profitable and has the highest profit margin in the group until we piled on debts from debt free positions to a situation where dead end is not far from it. The new CEO is trying to play the same tricks in reporting financial results as the last one. How could these behaviours are tolerated by the boards is beyond competent issues. The whole management board should be sacked for the mismanagement of the company. Selling a losing business as a beautiful lemon to us does not look very good on themselves. Where is the shame?

sell while you still ahead before recession hits