Any shareholder is entitled to a copy of the company share register and the company is entitled to charge a reasonable fee to produce it (in most cases $20-$300)
The share register will have the name and contact details for each shareholder. Once in hand it becomes a ring around to see who will support. If it were me, I would look to demonstrate to the shareholders how the company, with their support can save ~$13m. Realistically this process is a $25-150k punt and a group of shareholders will need to stump that money up before the outcome is known. Again, if it were me, I would suggest that the group that puts the money up, if successful, is entitled to a 10x return on the money invested which is payable in KBL shares at market price. So the fee could be as high as $1.5m payable in shares, it may sound steep but if it saves ~$13m it would be a bargain!
Step 1, get a copy of the share register
KBL Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
