I totally agree with your comments Whitty. It is a pitty that some sophisticated investors are greedy and think about a short term gain. The spirit of participating in a sophisticated capital raise is not to dump the stock at the earliest opportunity to make a gain. There only defence should be they have run into cash flow issues and need to crystallise the stock.
The only other comment I can say is that this seems to be an isolated sophisticated investor as you would have more stock being dumped. I assume that the other sophisticated investors see the long term benefits.
KSX Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held