Ouch! Hearing about your brother makes me flinch.I've only got a...

Ouch! Hearing about your brother makes me flinch.

I've only got a very small position in KYC, but I'm not interested in increasing it at present. Apart from the terrible lack of liquidity, which has caught me out in a number of other stocks, there is one other point that I'm not entirely comfortable with.

This point is around the profit generated from on-going activities. The headline last year was very small, which is good, but it's based entirely on a tax benefit and profit on sale of discontinued businesses.

I know management are forecasting a profit this year of $6-7mill, which will all have to come from continuing operations as they don't have anything left to sell.

If they pull that one off, I'll be impressed, and with increasing liquidity I could be convinced to top up.

I agree management seems to have a sensible approach to the business, and are not raping and pillaging shareholder funds as badly as most other companies.