We need to be mindful that this raising is SMALL and only to "top up" the "petty cash tin". Underwritten by Cygnet, any suggestion that this is a "desperate" move and that there are no "sophisticated investors" interested in CKK is, quite frankly, LUDICROUS. Less than 1% of shares has turned over since the ANN. Holders are HOLDING. There may be a little selling to get cash to take uo the offer. Management has put current shareholders first and the option attached is a nice BONUS.....SWEEEET!....LEE
CKK Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held