Hello, ive been an investor in jkl for some time, my buying price was in the low twenties. So i'm sitting on a 30% plus loss atm. In the last couple of months i haven't been happy with the company as they have been too much at once. Yesterday and today announcement i believe is positive for the company , so it can more forward.
1/ Changing CEO from Phillip Kapp to Diane Jones. As i think Phillip Kapp was all talk and very little action. Also Diane lead IMF to become the company they are today, mainly the US expansion.
2/ Cutting costs so we can be profitable ( Hopefully achieve the 3 million dollars cost saving measures) e.g reduce board cost and etc...
3/ Converting the convertible bonds to shares
4/ Appointing Anthony Murphy to the board ( As he should hopefully work in the best interest of the shareholders
5/ Separating the towards a trust structure, to reduce future leakage
6/ reducing the price of NHF acquisition to US 61.8 million from US 68 million
7/ Issuing more shares for the purchase rather than a heavy capital raising or the use of more debt.
8/ Then hopefully reduce the price they borrow money throughout the business
I believe these changing will help the share price recover,grow overtime and restore confidence in this company.
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