JW kicks a heap of goals, scores a point and gets a flogging by the skittish market. Give him and his team a break. This is not the best move he has made but overall KBL should be called Phoenix Resources. My guess is this deal was put in train weeks ago and somebody forgot pull it. They really didn't need all this pain for $2.2 m.
Ann: Placement of 8.8 million shares , page-17
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