RE:Funny CHipper !That's right max, there is a large block of shares being offered by someone who deals through broker Instinet.
They originally started posting 866500 shares on the ask at $.18 a few months ago. Then as the price dropped, they dropped their price to $.16 and recently they have an iceberged order at $.09. Of the 866500 I estimate there are about 650k remaining. Anyone who watches the stock will have seen this.
Now this morning we have someone posting 75k on the ask at $.08. We'll see if it lasts or if it is there to try to intimidate potential buyers. Even if it does go through who cares and in fact congratulations to the buyer!
I have my theory on who this shareholder/s may be. It looks to me to be somebody with a grudge against KCC. Somebody vindictive! Who would have that many shares and feel jilted?
Hmmmm.
Who would post extremely negative and personally vindictive messages aimed directly at the CEO?
Hmmmm.
The good news is still the good news. The company will be funded and the drills will be turning soon.
Could the price drop? Of course, but only if this "injured" party sells to make their point. And when they have exhausted their shares the price will bounce right back and higher.
I actually hope they have to sell at $.04 so they lose the maximum amount of their investment!! Maybe I'll post a big Bid down there and be more than happy to take those shares off their hands.
So take your "GIANT REDFLAG" and wave it somewhere else you loser! Hopefully somewhere where the sun don't shine!!
Sincerely
Chipshot2