My understanding is that one KZLG equals two KZL.
Plus the KZLG pays fixed interest twice a year.
The company can wind up the KZLG at any time and so avoid future interest payments.
To do this I think they have to issue the KZLG holder with two KZL shares plus make a small cash payment to partly offset the loss of future interest payments.
Correct me if I am wrong.
Dave R.
