This sucks. Are a bunch of dopes running this company?According...

This sucks. Are a bunch of dopes running this company?

According to the December quarterly, cash at 31 Dec was $2.35m

They sold 25% interest in Mineral Hill for $80m - doubt whether any of that cash is in the bin yet, but when will it be? They also announced a placement of "15% of KBL" (whatever that means - is that pre or post the latest placement?) at 34.4c.

Maybe the Chinese are now a little miffed that someone else can come along 5 minutes later, possibly dilute their 15%, and only pay 25cents!

Makes this latest placement an absolute joke and the board should be ashamed
- KBL's website says the mine and plant at Mineral Hill are worth $150m
- The December quarterly projected positive cashflow for Q3 of $882k - so why does cashflow need further strengthening?
- plus, what happened to ASOF's funding announced 1 Dec 11? - $1.5m in shares/notes & $250k per month for the next 23 months.

If that ain't bad enough...for all their good work, the directors allot themselves 375,000 shares for nix (JW twice that many!) effective on 27 Feb 12. Even the fella that retired/resigned on 11 January gets to keep his new shares!

Enough from me, I'll let someone else have a go