Ann: Update - Proposed issue of Securities - KRR, page-27

Or .... it could be KRR needed the money! AB already lent KRR $500k of his own money to keep it going to avoid dilution - check the SPP which states $500k loan to be repaid. It would have worked except for the delay caused by the oven.

AB is doing the right thing by raising money from existing shareholders only instead of selling out to institutions like others have done which REALLY causes dilution.

AB also changed the time frame for the SPP to give us a chance to maybe see the PFS before it closes and sweetened the deal by offering 1 free option for every 2 shares instead of 3.

Not often, from my experience, you find a BoD really caring about shareholders. KRR have shown they do even though there have been plenty of headwinds along the way.

IMO and DYOR.