Agreed, this isn't a p&d mainly because of the lack of volume. If a group wanted to clear a 10mil or 15mil position, they can push the SP all the way down to 1c or less, easily.
The lack of sellers is not necessarily a good thing as well especially with so many shares on issue. We're just seeing nibbles on the bait for now, but when will they bite?
I think we're all just holding our breaths over the new share offering price as well as the NASDAQ listing. Those announcements are now soon to be released and the latter is overdue and I bet that we can see a re-rating when either one of them is released, whether good or not.
We've had a 0.7c increase over the past weeks which is almost a 100% return and the lack of selling surprises me and makes me speculate that there's much better down the line.
KSX Price at posting:
1.5¢ Sentiment: ST Buy Disclosure: Held