KCN 1.18% $1.26 kingsgate consolidated limited.

ok..So explain to me how utilizing the $10,000 blown last week...

  1. 975 Posts.
    lightbulb Created with Sketch. 2501
    ok..

    So explain to me how utilizing the $10,000 blown last week on flights / Accommodation / Meals for a nice Miami trip was utilizing cash wisely ?

    So explain how this absolute stupidy that has been repeated already multiple times at Diggers And Dealer in WA & Denver Gold Conference & Zurich switzerland trips, just like that great shareholder mentioned is his very accurate criticism , has done anything except burn money as shareprice has sold off after every single conference ?

    So explain how this absolute stupidity at Diggers & Dealers was increased with BOTH Jamie and Bronwyn flying across together PLUS 2 Thailand employees extra costs flying all the way from Thailand ?

    So explain how utilizing Nucharee Loanshark to fly to AGM, cost of flights / Accomodation / Airport transfer when having her in attendance was nothing more than an expensive joke ?

    Everything our Mgmt does smells like a fluffy joke with all the money they have blown in 2023.

    PLUS $1,000,000 MINNIMUM burnt on fluffy crap that could have reduced Taurus $2 options dilution...& oldfolk wants to say they spend wisely eek.png

    Why are you so intent on giving them a get out of jail card for this stupidity... I was there biggest supporter when nobody loved them , so i'll be there biggest critic when they are $ucking up.

    They destroyed KCN from 2011 -> 2014 and if you don't keep the pressure on them they will destroy the upside again..

    They Already have, 257 million shares today instead of 221 million is going to completely limit our upside, its going to completely limit our dividend yield, all because they failed to keep there promise they promised since 2020 when reopening settlement negotiations started.

    Have you ever talked to any old investors that go to Diggers & Dealers in WA for the last 24 years and met KCN employees in the past ?

    I have .....

    And the unanimous response was; " COWBOYS "


    https://hotcopper.com.au/data/attachments/5998/5998785-712fd7d8877f8c8693ca422d48162ae5.jpg



    Did we spend wisely and pay 6 EMPLOYEES overtime to attend AFL Pissup party when 1 would have achieved the same result or did they go for free ?

    Bangkok is a long way from Chatree, +3 hrs drive, so did we pay for accommodation and transport for 6 people ?

    https://hotcopper.com.au/data/attachments/5998/5998795-1a3954bab30a79ade987570ef0c80026.jpg

    Did they spend money wisely having both Jamie and Bronwyn sitting together for another wasted days here? Jamie costs us $12,500 a week and Bronwyn must be on $100,000 a year plus ??

    https://hotcopper.com.au/data/attachments/5998/5998848-cba50315a1f32fe78223255b6b5c6e36.jpg


    And guess what Oldfolk ? All this above is happening when we desperately need to buyback placement dilution below placement price for all shareholders futures and so the promotion at this time is the Stupidest decision i have ever witness in my life from a CEO ..

    What's the goal ? to get new buyers to jack up the shareprice and destroy our ability to reduce placement dilution at a profit therefore shooting ourselfs in the foot and destroying all our future dividend yield ??

    Absolute Insanity...



    Does anybody know if they are flying business Class or economy ? Would Jamie CAIDC, CEO & MD fly economy to spend money wisely you think ?

    https://hotcopper.com.au/data/attachments/5998/5998866-c0b78213e230379021f7c40fcd97445c.jpg


    Look who's in the background ! Why did he enjoy an all expenses paid trip with flights and accommodation from our placement cash when he should he working in the sydney office ?? He's been employed for years and visited many times, so was this just for fun to blow extra money on flights ?

    https://hotcopper.com.au/data/attachments/5998/5998908-18daa438d30eeff3b969528271533823.jpg

    This is my favorite of all time, our entire board in there clown stupid akara hats pretending they are jesus... All the while burning our cash instead of buying back placement dilution..

    https://hotcopper.com.au/data/attachments/5998/5998922-0a006c0a7fdbce8ad396f8cc53010122.jpg



    So oldfolk, do you want to re-asses your comment that they spend cash wisely ? What happens when you give your wife the credit card and tell her to go on holidays with her friends......... would she spend wisely when it's your cash she is spending ? rolleyes.png





 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
(20min delay)
Last
$1.26
Change
-0.015(1.18%)
Mkt cap ! $324.7M
Open High Low Value Volume
$1.29 $1.29 $1.24 $730.6K 579.6K

Buyers (Bids)

No. Vol. Price($)
1 2051 $1.25
 

Sellers (Offers)

Price($) Vol. No.
$1.27 9999 1
View Market Depth
Last trade - 16.10pm 05/09/2024 (20 minute delay) ?
KCN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.