Time will tell how many more shares will be issued. The immediate cash needs of their suppliers have probably been met, so the pressure to dump shares on the market may be gone. Clearly major suppliers have been happy to hold on to their shares, so regard them as a good investment.
Besides suppliers raising cash, some of the selling has been from existing holders and there has been some shorting in the market recently. The convertible note holders may be happy to keep their share bargains having seen a $4.8M improvement in quarterly profitability.
Naturally the SP over the next few months will confirm what is happening.
KBL Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
