mungana float - important dates, page-15

Dan,
Over the past 12 months, KZL have become heavily dependent on GFTG to fund their projects and keep the company afloat. Without them it is fair to say Kagara would of sought bankruptcy protection.

You are a little misleading in that statement, GTFG have not funded any of KZL,s projects, they have like many of us purchased more shares in the company from the capitol raising.

I think you draw a long bow when you say KZL would have filed for bankruptcy without them. I applied for extra shares in the raising and did not get them which would suggest that it was over subscribed. even if they did not get the money they needed they could have sold lounge lizard.