I would blame all KBL's woes on the raider. Innuendo hit the SP and it has not recovered.
The Quintana streaming deal was expensive in part due to this innuendo.
As you say, the options deal was good to shareholders. It was over-subscribed showing SH support for the board.
Hopefully we get a placement linked to an SPP. The placement guarantees that the creditors are paid out and the SPP rewards existing holders and brings in some extra cash.
When the SP rises, then we have a 1:25 consolidation.
KBL Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held