When the MD of KFE is on a salary package of well over $500,000 per annum it is the least he can do - that is personally ringing the "top shareholders".
You say that the company would like to expand the shareholder base from around 2000 to 8000. How do you expect that to happen?
That is not good news in my opinion. To me, that says "me as a shareholder is going to get diluted many times over" but that is how I see it and no doubt you will not agree.
How is the company in the best shape ever when barely $250,000 will be left in the bank as at 30 September ? (according to the company's June Cashflow statement).
The latest announcement thus far has attracted less than $20,000 worth in shares changing hands and the company valuation today is at $37 million.
It's my belief that shareholders of KFE are in for a rude awakening over the next year. The dilutionary effect of future capital raisings will in my opinion hurt any current shareholder.
iggy tan, page-2
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