For my mind, the people running this company are shrewd and rude enough to ensure that they do whatever it takes to ensure that the company survives so if you ask me today if the company will get through all its issues, i will answer with yes i do think so. By the same token, if you ask me if this is a multi-bagger i would say that until there is clarity on managements plan for dealing with the debts then I would have to err on the side of caution and say it's not for me because the biggest issue will be dilution.
I'm trying to get my head around the internal cash burn rate because the way I have it calculated, not including the $2.9m paid to suppliers in shares they have raised about $3.8m in the last 5 months made up as follows
4 Mar 2016: KBL raises $450k by issuing a convertible note.
6 Apr 2016: KBL raises $360k by issuing a convertible note.
16 May 2016: Issues convertible note with face value of $410k in return for $350k.
18 May 2016: Issues 12m shares @ 1.0 cps, raising $120k.
21 Jun 2016: To issue 165m shares @ 0.5 cps to raise $825k by placements. First 100m shares issued. For 500k
30 Jun 2016: Pro-rata issue of one 0.5 cent option expiring 2 Aug 2018 for 0.1 cents, per existing share to raise $1.2m
13 Jul 2016: Issues 65m shares @ 0.5 cps to raise $325k.
Placement yesterday for 89m shares raised 474k
KBL Price at posting:
0.5¢ Sentiment: Sell Disclosure: Not Held
