ann: we are now calling it "novel"

  1. 12,618 Posts.
    lightbulb Created with Sketch. 181
    desperation more like it !!!

    about to shoot of my letter - main points being

    SPP on top of 10 mill debt facility (comes with 40 mill options) and an ultimate % of 2. something mill

    on top of KBLGA and other items

    SH place in double jeopardy: committing funds without approval of SPP via EGM (although accepted practise - I don't appreciate it) and not knowing
    a: SP of either "stage"
    b: refund if "R&D claim" received- all of R&D claim/part thereof

    dilution

    demonstrated non performance

    25 October date: KBL out of funds by then ?????

    anything else ??
 
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