KAB 0.00% 0.1¢ kaboko mining limited

resolution 2 from generak meeting, page-83

  1. 2,480 Posts.
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    JB has $72k investment in shares, which is .006% of total shares issued, and .0026% of options, not much skin in the game for management. Other officers appear not too interested in investing.

    Total shares on issue before OKAP involvement was 285m and 93m options. Since the dillution campaign of OKAP there are now between 776m-780m shares depending on the $5m cap raising, all within 10 months. What posters have been pointing to is that this is the sort of dilution that occurs within OKAP coys, and was likely to occur herem, and has.

    With so little interest in buyers supporting price, one wonders at what price it will end up issuing for the $5m.
 
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Currently unlisted public company.

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