There are some of us with years of trading experience, but none of us can provide any clear explanation for the erratic behaviour in the SP!
KNL have $1.5 Cash in Bank, so any short term prospect for a potential CR is obviously not on, but we all know medium term there will be a potential CR, but I can't see how that can affect the SP today!!!
Positive announcement after announcement, what more do you want from the management team at KNL!
As posted before, the KNL management team have equally been surprised with the SP drop, and from what I've heard from sources close to KNL,the KNL management team have decided to take the proactive step and put all their effort into marketing.
Thus, they have now come out with an outstanding presentation which ticks all the boxes, and they have brought on Mr. John Park to become the face of KNL.
All we need now is marketing in the media? and I've heard we will see some big news headlines shortly! Let's hope the rumours are right, because IMO that's the only opportunity cost KNL have missed, and it definitely has been their only shortfall.
KNL Price at posting:
41.5¢ Sentiment: LT Buy Disclosure: Held
