Hello Everyone - what a week (past week) has been.
The letter from Gordon Toll to the ASX was very explosive. How serious has the ASX taken it?
I personally think it is a dispute between KPC and Satimola Ltd (British Virgin Islands), hence why the ASX has not issued a please explain. I am sure KPC will issue an update at some stage soon.
Madame Cheung is a well respected business woman who I believe will not take this news lightly (we also need to remember that she is still a large share holder at Satimola).
Is this a tactic on behalf of Madame Cheung - will she try to buy Satimola even cheaper down the track? Just some food for thought.
Anyway lets hope Madame starts buying shares on market to really start driving the share price up.
What do others think??
Happy New Year...
KPC Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held