To all generalisations there will be an exception. "Tbh the ones who are mad are the ones who bought in just before the launch expecting to make a quick buck." Untrue for me. I have been steadily accumulating shares since my first bundle @ 10c in Oct 2018. I am a long term holder 100%. I actually hope I never have to sell these shares as I have great faith in the management and company especially the tech.
BUT as you can see today the 2 guys that have actually made it all happen have each had their voting power reduced from 23.3 to 20.5%. If these are the guys we are backing, then why would any long term holder be happy to see their control dwindle. Either they are slowly looking for the exit - that should show up through shares sold. Not so. Or they are being squeezed by people we would never knowingly invest with. If you found out tomorrow that Andy & Miles were killed in freak accident - would you continue to hold these shares? If not, then how can you be comfortable having their influence gradually be diluted.
So short term - unhappy Mid term - patient Long term - unhappy
One caveat though - if a new significant shareholder of some esteem appears on the share register then I will be very happy. As I said before we need some microcap fund manager to buy in.
KSS Price at posting:
64.0¢ Sentiment: Hold Disclosure: Held
