Ann: Appendix 3B-KBL.AX, page-17

In short , No I dont, but likely the SP would have dropped before they could get it done at that price. A rights issue would take at least a month to organise which is a problem if you need the money now because bills are due tomorrow. Also with rampant SP manipulation going on, it is not easy to plan anything.

As I see it, they are on a tightrope with creditors to be paid as per agreements. If there is a delay in money coming in then they have to issue a note. It seems this is what is happening. Because all money coming in immediately goes to payout creditors, they cant build a reserve in case someone is late paying them.

Anyone got a significant amount of spare money available, I will see what I can organise for them, but DYOR.