Ann: Revenue Generation Recommences-KBL.AX, page-202

Reading through announcements, a few months back there was a passage in one that said something along the lines of "if there's a takeover offer for the company, the convertible notes convert into 28,000,000 shares" and how bad this will be to the holder of the convertible notes.
My understanding is that when February arrives, KBL will be up for around $13M. If the share price doesn't improves that's billions of shares that would need to be issued with the associated dilution.

What if someone were to form a shareholder interest group and initiate a takeover in its name? Who's with me?
If our current holdings are insufficient, we would only require 150 to join our group and contribute <$20k each into buying the shares to achieve a >50% ownership (conservatively assuming all 150 are not current holders).

That would avoid $13M in payments or ongoing interest at 12% which is over $1M p.a. It would be a breath of fresh air into the company.

It would also allow us to do with management as we see fit.

Who's up for a bit of shareholder activism?