why sell at a loss?
When signs are emerging that management has a plan to move forward.
Yesterday's news is just further evidence that management has a plan to move forward.
Securing these 2 new directors also points to a plan emerging.imho
I have done considerable digging into who the 2 new directors are and I can safely say that I think some will be surprised at what they could potentially bring to the table.
Both have extensive contacts that could open many doors for KBG.
Some would like me to be the scaprgoat for their losses here. The market conditions are the reason for the losses incurred here by some and mine included. Having said that I am totally behind management as I truely see reason to believe that they are genuinely trying to do right by us shareholders. Some will call me a company mouth piece for making that statement. So be it.
I anticipate positive developments here in the near future but I also am a realist and expect more pain as well if we are to re-group and position ourselves so that we can work the properties further towards valuation increase. For the record I stated a few days ago that I was considering buying more KBG or Mega. I have decided to buy more Mega because I believe that is the better move for me in order to balance my holdings of these two companies.