I don't expect the SP to rocket above 20c until Platinum Partners have got a solid fill
If you think about it, if they wanted to move to 19.9% (as it looks like), then it is not in their interests to run the stock
They are playing the accumulation game, and pretty perfectly actually
Soaking all sells at 19c offscreen via an algo, and continuing to close it at 19c to protect their overall holding
Once they get to around 17% or price sensitive news, I expect them to start the line wiping and make this shorter cover
I've heard reports that he is net short 4-5M shares - hopefully he dumped out some more today, as it will only compound any short squeeze
At this rate, perhaps next week they will start a move
RBS have some research will values this at 50c+ once fully funded, so all you have to do is sit back and wait for PP to get their fill, finalise the funding proposal and then we are done
Should be a new change in substantial holding coming soon you would imagine
CKA Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
