ann out r&r claim being paid in full

just in:

and before I copy the release- CHECK the LUDICROUS response of KBL management re SPP - unbelievable !!!!

ann text:
Further to the Company’s announcements of 28 May 2013 and 24 June 2013, the Company advises that it has been informed by the ATO that an R&D refund cheque in the amount of $14,968,017.25 has been sent to the Company. It is expected the payment will be banked early this week.
As a consequence of this payment, participants in the Company’s current Share Purchase Plan (SPP) (which closes on 29 July 2013) will receive a refund of 50% of their subscription amount to the SPP together with interest equal to 20% of such amount, subject to shareholder approval on 5 August 2013 to the issue of shares under the two stage SPP as announced on 2 July 2013. Cheques for refund of 50% of subscription amounts and interest are expected to be mailed on 5 August 2013.
The Company will be writing this week to all shareholders eligible to participate in the SPP to update them on this development.



Why on earth would you still progress with stage 2 of SPP - knowing you are going to "waste" 20% interest which will now be exploited to fleece the comapny coffers ????


Jim Wall - please explain !!