Worst of worlds, page-32

hopeful2,
Your post is really helpful for trying to find out what started this bushfire as well as getting back to some really fundamental issues. The rest is window dressing. From the outside it looks as though the KBL Board lost the faith of its only unsecured creditor and major shareholder at the start of November. Never a good thing and possibly cause for the Board members to consider their positions, independent of anything else.
So, what happened at the start of November that convinced Capri to get into bed with KDR?
If negotiations were going swimmingly between KBL and Capri, why wouldn't Capri have stayed put or negotiated new loan re-payment terms based on KBL's re-financing proposals?
Capri must have heard something they didn't like during those negotiations.
Were the new re-financing proposals +/- the contract with the new MD for the construction work at Mineral Hill unpalatable to Capri?
The key terms of that contract should be made public, especially in such a small company as this. I don't believe that KBL have dealt with that contract in any of their rebuttals of KDR's queries.