I hope KBL does survive. However, realistically I think a consolidation (of perhaps 10 or 15 to one) will have to be done before a CR is proposed. This isn't exactly great news for shareholders. It could, however, be the only way out of this current mess. Underlying assets seem great, however, what a terrible mess they're in. I'm holding off buying at this stage. Will need to see some bold moves by management to instil my confidence back.
