Management fought to stop Capri/LKDR getting the project for free and I hope they continue to fight for us shareholders.
Management has failed to protect shareholder value. No doubt about that. The washing of the recent convertible notes together with supplier payments in super-cheap shares has resulted in dilution and destruction of shareholder wealth.
Management may not have foreseen the extent of this, but it is obvious now. Management has mentioned an options entitlement to all shareholders and this puzzled me up until now. However free options issued 1 for one at the lowest market price to 30 June 2016 would be just compensation for our SP drop.
I live in hope of management rewarding me for my support as a shareholder.
KBL Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
