Ann: Becoming a substantial holder-KBL.AX, page-8

i put this on the other thread but will post it here as well
They arent buying anything

This is the paperwork for the notes they converted the other day, matches the substantial holding exactly.

"The Conversion of 20 (therefore total $200,000 face value) of those convertible notes, resulting in the issue of a total of 200,000,000 new, quoted shares coded KBL. The convertible notes were converted on the basis of the formula set out in Resolution 7 the Company’s Shareholder Meeting held on 28 July 2016 and approved by the Company’s shareholders. 3. The issue of 21,363,636shares coded KBL and 117,500,000 new, unquoted options expiring 6 September 2018 and with exercise price $0.002 in consideration of fees for issue of the convertible notes at 1. above. The issue of these securities takes place under the Company’s shareholder approval pursuant to Resolution 11 at the Company’s Shareholder Meeting held on 28 July 2016 (21,363,636 shares) and the Company’s ASX Listing Rule 7.1 capacity (117,500,000 options)."

you might even get some paperwork tommorow if they got a chance to ofload some before the second halt