One of the brokers who I use contact me earlier about a...

One of the brokers who I use contact me earlier about a Placement offer at 3.5 cents. I didn’t receive any stock because they were severely scaled-back and the offer was opened and closed the same day. Now that same broker has access to more of the Placement stock due to some problem with another broker (not KTA).

I think what is happening in the short term with the price of KTA is that someone who has received a large allocation of this 3.5 cents Placement is selling to take a quick profit.

It is either an exisiting share holder selling as he/she is buying back at 3.5 cent or the allocations have been issued.

Once he has sold the price will start heading north.

I could be wrong, but this is my theory on some of the recent price action reading between the lines. Either way hopefully I should now be getting some stock this time at 3.5 cents today.

I am buying because of this other upcoming Cobalt deal Krakatoa has in the works.