Why would KS increase the percentage stake (an act that would have happened anyway with the buy back, eventually)? He wants a few million more shares to go up a few dollars? Hardly.
More likely to my mind is a buy in by a 'sophisticated' investor. Perhaps they will want 5 or 10 million shares and thus KS will need to have a greater percentage to cover the issue? Don't forget that there is a large Japanese company with a not insignificant 7 (?) million shares in the company.
Definately cooking up something....and I agree that with nil debt and some great deposits not even a credit crunch 2 will stop IOH. This will be an exciting year!
IOH Price at posting:
$1.52 Sentiment: LT Buy Disclosure: Held
