I'm not clear on the relevance of the question as I have never mentioned consolidating the capital as a driver that will add value or change anything with respect to the note holders.
My assumption is that if there is a consolidation of say 1 for 50 then the notes conversion conditions change accordingly.
If I am incorrect then that is a material fact that the management could apply to ensure that note holders are protected in the event of a takeover and if not then a consolidation changes nothing.
KBL Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
