I think we should also understand that KSS is still a inherently risky investment. The previous announcement of a November launch was a tentative timeline, subject to change thanks to external factors. If I was an portfolio manager, why would I risk my clients' money on a company that has yet to make any revenue and whose future is dependent on a launch date that could be delayed at any given moment.
Unless the situation in India gets better, and until a fixed date is officially confirmed, no insto would dabble into a low volume speculative bet. When we launch, the story will be entirely different. I'm a very small fish in KSS with only 30k shares, that's about as much risk as I'm willing to take in this company. So if you flip the situation towards a multi-million dollar portfolio, KSS would never pass the due diligence in its current state. Better opportunities to make quick buck elsewhere and still have time before Nov.
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