it does give a good insight into what kdr/capri may have been up to
"The Capri-Kidman loan could be converted into shares if KBL was subject to a takeover event. A Kidman-appointed board could trigger that provision by organising some sort of takeover offer.
If the offer were made at the prevailing price of 3.5¢, the loan could have been converted into something like 350 million shares, almost doubling KBL’s issued capital and making Kidman-Capri the dominant holder with about 50 per cent. Other shareholders would have been massively diluted and control would have changed hands without the bidder being required to offer a control premium."
sneaky sneaky
KBL Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
