DLCR~'DLCR' E-MAIL
Friday, May 12, 2017 6:24 AM Mark as Unread
From:
twosecure
To:
"Stan
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Hi xxx
I am really sick and tired of picking out words of a pr and then applying it for all time.
That figure came from the Brown River Project which we ceased in November 2016.
The reason that it was not commercial, ie whilst we could have had 100K a month the expenditure would have been $150K, because where the trees were was in accessible to the equipment we had. We would flog the machinery and still incur ridiculous costs.
We have then moved on to a new site at Rigo. Do any of these people have experience in running a business??
When you move you have to start all over again
Infrastructure
Camps
Roads
Scoping Bush for suitable trees
Contending with Rainy Season .
Etc
Etc.
Shares in dilution.
Again do any of these people have experience dealing with convertible notes, and the greed such people have??
Why is it that it is perceived that I have control over those convertible notes to third parties?
When the note is due why shouldn’t the third party pursue his rights under that note, ie conversion?
I have bought out approx. 60% of the notes in the March Quarter and May 2017.
It has taken me nearly 6 months to get on top of these notes and repair the balance sheet, is there any credit due for this?
Financials March Q finished today, turnover may not please everybody but guess what bottom line is positive!
Regards
Warren
From: xxx [mailto:xxxxxxx
Sent: Friday, 12 May 2017 8:41 AM
To: admin@kibushcapital.com
Subject:
Warren,
A comment from a shareholder popped up today. Will you please explain for me the following statement/comment ?
“There have actually been PRs saying the company had $100,000 a month in current revenue just to see in a filing 3 months later (and after 250,000,000 shares in dilution... hummmmmm) that this $100,000 a month was really $9,000 a month...”
Thank you,
xxx
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