Am also selling this AM. However, don't worry if you miss out this financial year..... if you approve these resolutions, there will be plenty of opportunity to offset your profits with a loss from KBL next year. These resolutions are not in the financial interest of the shareholder. (2.5B shares to be issued next year???)
Greg Starr's is now recommending to share holders that they should vote to dilute themselves by 2,500,000,000 shares, against an existing share base of 1,000,000,000. For the layman out there, that means, if you currently have $100 invested in KBL it will be worth $30 if you approve these resolutions. This is not in the interest of the shareholder. You deserve better, and should expect better from your board, who ultimately is responsible for looking after the shareholders. There is nothing financially smart about this solution.
If you want to see how Greg Starr's dilution strategy has worked for you as a shareholder over the past 12 months, please look at the chart on the right side of your screen. Now click on the "Y" button for year. That is what happened when he told you it was a good idea to issue 500,000,000 shares in the past 12 months, this resolution is 5 times more!!!!
http://www.investopedia.com/ask/answers/05/shareholderinterest.asp
Almost worth flagging to the to ASX and ASIC after ASX raised their concerns back in May.
http://www.asx.com.au/asxpdf/20160524/pdf/437g6czjr4xtn0.pdf
