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Ann: Notice of General Meeting/Proxy Form, page-24

  1. shumbi
    1,256 Posts.
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    10/06/15
    12:15
    Post #: 15441406
    Although it's a loan, I don't think any banks or cash need to be involved. The shares will be issued and the payments will be made in the future by managers directly to the company. So the company issues say 5 million shares in July and receives $1 million (or whatever vwap) in 2016.
    KNL Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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