RE: Confetti25 Apr 2022 21:10
Whilst trading is suspended the only people taking KIBO shares will be Broomfield in exchange for Brownhill in a reverse takeover to bring the Victoria Falls solar project to the public market without going through a separate IPO. Broomfield will hold ~40% of KIBO shares after the transaction and bring new leadership to the board. Broomfield are buying in for the long term, it is transformative for KIBO and the companies future.