Paved with good intentions, page-46

VOTE. Vote with the white form against all motions.

I agree the market in KIN shares might be difficult to manipulate. But the closing price is another matter, and the closing price was material to the rights issue, firstly, and secondly to how shareholders might respond to a challenge based in part on the share price.

Sometimes at the close of trade, depending on how the buy and sell orders are lined up, a sell offer of $500 shares @ or below the top buy offer can take the closing price down one or two cents. That is what I think I have seen. The market as such isn't affected, but shareholder sentiment might be. Who is going to take up rights @ .22 if the closing price was .215, even though the market would determine that you couldn't actually buy any quantity at that price?

That said, I do not think such shenanigans will succeed. The rights issue succeeded. Directors and friends have a higher % than the challengers, so even a low turnout works in their favour. But there is no room for complacency:

VOTE. Vote with the white form against all motions.