Ann: Trading Halt, page-149

Hi Ben,
16% capital share, Non-Dilutable. So if the need for a CR occurs, they wont be contributing. But still receiving 16% extra stock to keep there ownership level non-diluted. How can you profitably go forward?
As for ownership, even more bizarre. The government is mandatory entitle to up to 50% shares in the capital of the mining company, which are payable by off setting tax incentives given to the company by the government. So no cash to change hand's. They will give the company some sort of dreamed up tax incentive, that they don't want the payment for, just more shares in the company to the value of this dreamed up incentive value. Within a matter of not too many years they can own 50% of the company without paying a single dollar. Then it's game over anyway. I really am intrigued to see how KNL see the situation going forward. Too early to call yet, but i think we have been mugged.