KZL 0.00% 12.0¢ kagara ltd

I think your being a bit generous there Gself. At the end of the...

  1. 1,686 Posts.
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    I think your being a bit generous there Gself. At the end of the day, KZL management blind sighted us on how much they would get for Lounge Lizard and then lied about the true financial position with regards to outstanding creditors payments. The combination of these two led to one of the fastest down-spirals into admin I have ever seen.

    Still, the have a tonne of assets, so we'll soon see the result of the sales and what's left. I still think they'll re-list but will be a skeleton of their former selves. If your average buy was much higher than 20c-30c then you may well see nothing in the short-term unless your prepared to hold and wait. But that all depends on what's left and the strategy going forward, if there is one!
 
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Currently unlisted public company.

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