It's interesting that the increase in non-executive directors fees was voted down at the AGM. That is, I suspect, the ex-management (Woodbridge and Spry), with their holding enough because of a relatively small voter turnout.
Woodbridge has also sold a million shares in the last few months. If he wants to keep selling, he can push the share price down a long way, given the low trading volumes and depth. (He could be facing margin calls if he's the one who lodged 5% of the entire float as collateral - or perhaps he's trying to dislodge whoever that was...)
Anyway, a market cap of $8 million seems way too low for a company with around $36 million in revenue and $2 million in profits, generating healthy cash flows.
KKT Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
