We would exhort KPC shareholders to hold KPC management to account. but so far, silence. it seems a strange way to run a public company with shareholders seeing the SP crater.
All Satimola requires is that KPC acknowledge that the game is over with Satimola and make an announcement to that effect on the ASX and to their long-suffering shareholders correcting misleading information in their last two announcements to the market.
In our opinion, KPC has no money left to maintain its existing assets let alone finance the acquisition of Satimola has been witnessed by their numerous breaches of contracts, as already outlined.
KPC shareholders deserve better, as Satimola shareholders do. Satimola has seen no change in KPC's management information provided to the market to reflect the reality of the facts regarding the agreed loan agreements and SPA. it continues to be misleading at best.
Our posts here are aimed only at encouraging KPC management to come clean with the facts of the transaction. We are still waiting patiently, but as time goes on without action on their part, our initial conclusions become reinforced by the day.
We sincerely wish KPC shareholders all the best in their quest to get information from their Company that reflects reality and the facts of our unfortunate relations with KPC, the company. We wish that it were otherwise for all parties concerned.
KPC Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held
