Replies to post #24459 on Kibush Capital Corp (fka DLCR)

[Xylan]

That is interesting to say the least, I would assume the contract that he signed talked about authorize share increase if needed, as any of these contracts I have seen in the past had this verbiage, but I guess if this is the only way Shepard can keep the note holders from running this to .0001, Then he has to do what he has to do.

[Xylan]

What are your thoughts on the 200 million shares that were being held by the co-owners of angel Jade?? apparently they get to keep the shares in return they gave Shepard approximately $135,000... I saw something in the past that angel Jade was either dissolved a revoked months ago, so there was no reason to keep that company.

[Xylan]

Here is another thought, I guess if I was a long I would be saying that Shepard is a genius and he used the refusal to raise the authorized shares as a bargaining chip to pay off The note holders at a bargain basement price with the cash he had on hand