I don't buy "we were just about to come up with a cunning plan when these guys rocked up", it has been months with no indication they were doing anything except planning one drill in a year or so maybe. If someone bought in at 1.5 and sell 30% and the next day price drops, can't see that's an attractive option, so right now I see the only option for board and KC is to put holders first and look for a deal with a company like UIL issued 1 UIL share for 4 NEN, UIL get the cash, KC gets a payout and we all have a chance to maybe get some of our investment back, anything else will be a lose lose lose, except for those with the cash box, this is a fight KC can't win, all In my opinion, do your own research.
NEN Price at posting:
3.5¢ Sentiment: None Disclosure: Held