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Thank you Stevienix for your valuable comments. I'll make...

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Friengineer

143 Posts.

74

22/08/16

13:27

Post #: 18582645
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Originally posted by Stevienix1 ↑

Any shareholder is entitled to a copy of the company share register and the company is entitled to charge a reasonable fee to produce it (in most cases $20-$300)

The share register will have the name and contact details for each shareholder. Once in hand it becomes a ring around to see who will support. If it were me, I would look to demonstrate to the shareholders how the company, with their support can save ~$13m. Realistically this process is a $25-150k punt and a group of shareholders will need to stump that money up before the outcome is known. Again, if it were me, I would suggest that the group that puts the money up, if successful, is entitled to a 10x return on the money invested which is payable in KBL shares at market price. So the fee could be as high as $1.5m payable in shares, it may sound steep but if it saves ~$13m it would be a bargain!

Step 1, get a copy of the share register

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Thank you Stevienix for your valuable comments.

I'll make enquiries regarding the share register.

KBL Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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