Couple of reasons:1. Having cash tied up during paperwork and...

Couple of reasons:
1. Having cash tied up during paperwork and share transfer;
2. Quick profit
3. KCN in downward trend and on buying spree so suspect aditional price pressure on KCN;
4. Not sure what you are getting for your money.. who are KCN
5. Disgust in the giveaway price. JORC of 1.1M would have valued share at about 15c to peer avearage.
6. The willingness to throw this away for nothing shows how desperate the directors are to offload this. THere is objiously some serious underlying problems with the company or tenament. I am not hanging around to find out.
7. If the deal falls through for whatever reason the price will get trashed for a long time to come (taking into account point 6)

Reason I sold is points 3-7

Caio