He won't be selling down - in fact I'd expect the opposite, ie continued accumulation at a pace similar to what we've been seeing over the past 3 months. This is all legally enabled by the 3% creep provision.
With RW so eager to buy up KYK shares, I've been competing with him over the past week to get shares between .046 - 048. Of course, his buy orders are going through first.
I'm just surprised that market has not caught on to the situation here: RW trying to accumulate as much shares as he can, Perennial and Regal refusing to sell their ~10% stakes and Management also making on-market purchases. If this is not a bullish sign, then I don't know what is!
KYK Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
