However plenty of SPP's have been modified as facts changed................
let's hope SP can hold the 51% increase - so dilution will be kept lower
I am fully aware of the fact that KBL is going for a set number of $$$ and in the process does not appear to care how much dilution SH have to wear.
EGM:
I recommend to vote against shortfall placement (within 3 months) - I also assume that enough SH will go to their personal max due to guaranteed stage 2 refund
What remains to be questioned seriously is the ability and judgement by management and ultimate outcome of all of this.
Nearly 15 mill coming in - SPP stage 1 as well - sell down of non core assets - supposed cost savings.................
I just would like to see that operations are being turned to cash flow positive and no "back handers" to directors due to very poor performance of the company.
As someone else put it so brilliantly:
Novel: try running the company for profit !!!
KBL Price at posting:
5.9¢ Sentiment: None Disclosure: Held