the logic is the job for kentgrove now is not to make money on its stocks, it is to CREATE A LIQUIDABLE MARKET within such a small cap company, so that when XTE call for its money at only 5% discount, it actually can sell its holding on the market and make money, remember kentgrove potentially can hold 50% of xte.
I suspect before they got on board, they must ask major shareholders, chair and directors to sign some kind of side deed in a way of put option so that they know how many loose chips actually on the market, and then they started buying and selling operation on 30 July!!!
with that 200k, if the market takes it, they will immediately exercise some of their 500k option; if the market doesn't brave enough, they will buy themselves.
we should expect a spiking on 28 this month when they release the annual report.
XTE Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
