The $4.5m could be used to pay back the $4m loan from YOW. Unbelievable that KBC could borrow $4.0m from controlled minnow and then effectively pass similar value to the KBC CEO. Have serious misgivings on the conflicts here.
then Bolton and Patton, seemingly against legal advice, decide to call in KBC debt then appoint administrator to KBC. Clearly seeking to cling onto control against shareholders wishes at great shareholder expense.
where is ASIC when needed !
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Last
4.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.744M | |||
| Open | High | Low | Value | Volume |
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| KBC (ASX) Chart |
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