“Regrettably I have had to start reducing my shareholding in KNL due to the SP decline, which IMO is a direct result of management's failure to swiftly resolve the ATO query. The mismanagement of this issue is extraordinary and not in a good way.” Wilma85, 12.11.2018
With the ATO investigation being the main reason behind you selling out, I find it hard to believe that you did not ask the question at any stage @Wilma85
And for KNL management not raise the issue either, rings serious alarm bells imo. If they were confident, all management had to do was say, ‘There will be no repayments, back paying of interest or fines to the ATO’.
Like you, surely management have observed when the SP decline began, and understand the severity of this issue
GLTA
KNL Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held