NOTICE IS HEREBY GIVEN that the following action has been approved pursuant to the written consent (the “Written Consent”) of the holders of a majority of the voting power of the outstanding capital stock of the Company dated June 30, 2017, in lieu of a special meeting of the shareholders.
1. To authorize (but not require) the Board of Directors of the Company (the “Board”) to effectuate a reverse split (the “Reverse Split”) of the Company’s shares of common stock, par value $0.001 per share (the “Common Stock”), by a ratio of one (1) for two hundred twenty-five (225) (the “Ratio”).
With the AS increase in progress (finalized via DEF 14c) and limited amount of debt, plus revenues coming in opens the door to many other possibilities like a share buyback or cash payout of remaining debt and removes dependence on future debt.
I asked Warren to confirm his position on an RS for 2017.
Warren's response below was refreshing.
Removes unfounded rumours.
Buy & hold is the smart thing to do.
-----------------------------------
On Dec 21, 2016, at 4:37 PM, Kibush <admin@kibushcapital.com> wrote:
Hi xxx Not to busy to answer. RS is not on the agenda for 2016 nor 2017. Regards Warren Sheppard
From: xxx[mailto:xxx@gmail.com] Sent: Thursday, 22 December 2016 8:19 AM To: admin@kibushcapital.com Subject: Fwd: Dispel RS rumours
Warren,
Hopefully your too busy to answer this one.
Regards, xxx
Begin forwarded message:
From: xxx<xxx@gmail.com> Date: December 20, 2016 at 8:20:16 PM GMT-5 To: admin@kibushcapital.com Subject: Dispel RS rumours
Warren,
Can you please give me companies position on an RS for 2017.
With the recent increased AS, limited debt and increasing revenues, I see no reason that the company would need one.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.