@paul... I agree. Approving the resolutions in the last GM was not a good decision by existing shareholders. Approving 2.5-3.5B shares to be issued and effectively handing over 80% of the company without challenging the directors for alternative solutions that were better balanced with shareholder interest. These resolutions were completely in favour of note holders, and strategic investor.
Existing shareholders have now handed over complete control of the company, and now have no control over any future decisions like how to manage the kblga unsecured convertable note.
KBL Price at posting:
0.2¢ Sentiment: Sell Disclosure: Held
