good bet?, page-3

Saintjude (a most appropriate name for KIK being the patron Saint of hopeless cases) maybe we could pray to you.

But, what I am suggesting is not a "grizzle" by someone who can't stand the heat. I and, I am sure, most other KIK LT holders, have experienced as much "heat" as anyone over the years and fully understood the obvious risks in punting on KIK.

This is not about losing dough, it is the principle involved and we must not let managements, of whatever company, or the ASX, treat its shareholders with the absolute contempt that we all experienced on Friday.

The ASX should have enforced a trading halt before one of its companies was literally wiped of the board. They DO have an absolute responsibility to ALL shareholders to ensure such a disaster does not occur. How quick are they to issue speeding tickets when SPs rise quickly? What we saw on Friday was nearly unprecedented, the entire share value of a company literally wiped out with all shareholders money and no intervention by either the ASX or the company!!! Absolutely unacceptable.

Then the company itself.. What were management doing while the blood letting occured? Crying in their milk? Were they too busy selling, or, worse still, buying??

What consideration did they have for their loyal shareholders, their employees?? Absolutely NIL.

THAT is what I am talking about, total abrogation of duty and responsibility by paid officers of the company and of officials in the ASX.

Unless people complain about such blatant dereliction of duty, we will all just be treated like the lemmings that we were on Friday. But, official response from the ASX is now far too late, so it is now entirely up to the KIK management to come clean as to whether or not this company will continue and if so, how.

This is not "grizzling" or whingeing, it is called having the guts to stand up for your rights. If you don't show that guts by complaining directly to the company, you deserve what unscrupulous companies dished out to you on Friday.
So, start writing your emails so they can see that we are fair dinkum peed off.