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12:56
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Originally posted by Simmpa
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I think there’s a little more to it. I for one believe CBA and Westoz were manipulating the price so they could accumulate their 5%. If I’m correct, and it’s only an assumption I’ve made by watching the bots and trades tear the KNL price down so systematically, CBA and Westoz know with the rapidly approaching AGM that Spinks’ head I son the line. Retail holders aren’t impressed with the recent action and Spinks let them in the door. They have to get the share price up over 30c (just a guess) before the AGM or face the real risk of shareholders voting against the remuneration report and trying to spill the board. As I initially planned on doing. Now I want to see if I’m correct and if we’re about to see the strong rise in KNL’s share price, beyond 30c.
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Sorry mate but its ludicrous to suggest that Spinks' head is on the line. The major holders , including Spinks, Hodby and the recent 5%ers are looking at the bigger picture rather than week to week volatility.
