Obviously nobody believes these guys. And with the track record of value destruction since new management started why should they (was 14c per share).
The DCN play has been a complete disaster. These blokes bought DCN stock up to 14c per share, and are now sitting on a monstrous loss in a company in care and maintenance that GMD completely controls (and could easily have delisted btw). And KIN had to do yet another monstrously dilutive cap raise to pay for it that the share price ran straight through (and as a result only raised a fraction of what it should have).
These guys have only 3 quarters of cash left as of March quarterly. Which means another raise in the next two quarters because they won't want to have their September quarterly come out saying have only 1 quarter left and no solution yet.
KIN Price at posting:
3.8¢ Sentiment: Hold Disclosure: Not Held
