KBL (ASX) Ann: Revenue Generation Recommences-KBL.AX

Originally posted by Friengineer ↑

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?

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I'm in after the HC and other articles...I have studied this coy only superficially but IMHO a lot going for it......I bought in a small value today : 1mil @ .003 today and this "Takeover" sounds like a good idea..and happy to put in the balance (of $20K) so keep me posted....start a new threat......oops I mean new thread...but may not have opportunity to buy at current prices once others get wind of this.......If goes to 002c even better, I will just buy another few mil......before others catch on and price goes up!
Price of Gold rocketing in AU$ in an unstable world, QEs left right and centre, $50Mil spent on state of art processing plant and upgrades (and MC only $6Mil!) (Rev in 2015 $25Mil!) ..resources of 7-10years..sustantial production ($42.33Mil 31.9 to $26.2 last 3 years) for a minnow (Future giant), t/over target again at current prices?!), some big names on the substantial shareholder register (isn't paybar holdings the coy that bought out UML?)...etc etc..GLTA... I'm going to catch a...talk tomorrow.....over n out 4 now