Ann: Amendment to Exit Agreement-KKL.AX, page-6

Mr Chalabian is making the right decision - he could have decided to release the shares for cash, if he wanted to.

IMO - there are many ways KKL can raise the cash if needed... Consider the ANN released on the 22nd Feb 2016, it reads;

" Royalties continue to increase due to sales through our marketing partners 3M and Star RFID to India, Taiwan, USA, Israel and South America ".

Riad Tayeh (The Chair) is doing a great job, he is a skilful operator - negotiations are clearly taken place at the higher level of the organisation, a good indication that KKL is preparing for further trajectory.