If any of you feel as though you haven't played a big enough part and would like to contribute to the rage, I urge you to email something along the following lines to Kingsgate to [email protected]:
Dear Sirs,
I draw your attention to today's media releases, regarding John Falconer:
http://m.theaustralian.com.au/fi41274.htm
Quote: "The first shareholders learned of "possible breaches" of the covenant was on June 11, when the company requested a trading halt, while the full extent of its issues with QVT only emerged yesterday. Is that a material piece of information for a company that had just $7.9m in the bank at the end of March and a quarterly cash burn rate of more than $5m? "Um, with the benefit of hindsight, it probably is," agreed John Falconer, who resigned his executive director's role yesterday."
As a shareholder, I am extremely concerned that Mr Falconer is a director of Kingsgate. I recommend that Kingsgate distance themselves from him immediately, and terminate his position with immediate effect.
Kind Regards.
TZL Price at posting:
95.1¢ Sentiment: None Disclosure: Not Held
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