mlennyma wrote:Angelica _ann wrote:mlennyma wrote:obiero wrote:August 7th it is..
You can imagine someone holding hundreds of thousands like poor obiero ...how much more money do you have to throw in?previous rights was at 14.
Who will buy into the rights?
obiero
Total shares issued now rises to 29.9B.. Conversion price KES 2.13.. The same occurring via a share split and eventual consolidation with a factor of 1:4, resulting in 7.4B final listed shares. I await the Open Offer of 1.5B whose price the exchange bar notes has been agreed in principle to fall below KES 1.6.. There is no rights option so indeed I will buy to mitigate dilution of 95.5%, noting that the KQ Lenders Co Ltd, GoK & KLM will not participate in the issue. GoK now holds 45% of KQ.. KLM founding agreement of 1995 abolished. KQ now in positive equity of KES 11.5B. Sit tight

KQ ABP 4.26