Ann: Kidman moves to change KBL Mining Board, page-30

Is the KBL board a little slow?

What did they think would happen when an operator like KDR buys their debt? When KBL has a MC of $13 million, KDR owns 10% of the company and 100% of the $12.6 million in debt THEY OWN YOU GUYS!!!!

IMO all the KBL board has done with their tactics has changed what might have been a peaceful transition for the benefit of all SH, to a hostile TO with KDR effectively acquiring the company for cost, or by buying the debt. The KBL SH get no premium - where's the benefit?

The KBL board need to ask themselves whether they're in the right business because corporately they've got this very wrong. I saw this move, why didn't they?