KBL 0.00% 0.1¢ kbl mining limited

Ann: Trading Halt-KBL.AX, page-18

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  1. asf
    9,888 Posts.
    bill, the connote owners have to convert. The continual provision of these notes keeps the lights on. Because there is so much dilution and increase of market cap due to extra shares, the share price has to fall to keep up. It is really lucky that there has been buyers.

    If the service providers take debt for equity- $17m debt for equity- one would hope that Greg Starr consolidates the shares, raises a massive amount of capital, and then starts again.
 
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