It seems rather obvious that the management is driving the price down by releasing batches of shares daily, in 50m tranches (one was larger).
It's driving sentiment for people to dump, where there are people taking a loss, someone else is buying,
(I wonder who will become the majority shareholders following this).
If it was a genuine capital raising they would have done it in a single batch, taken the hit on price then released some good news to help the price back up.
dribbling millions of new shares reeks of ramping(down) the price.
are they looking for .002 or .001 pricing?
Any other thoughts on this ?
KBL Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
