KSX 0.00% 1.5¢ karmelsonix ltd

re:dilution

  1. 158 Posts.
    One thing is for sure,short-term traders aren't the problem here,not with such little volumes;it is the old problem of a penny stock having too many shares on issue and of course the'500 million @ 90% of VWAP' will drag the SP below the 1cent level.The pattern of trade today suggests this:they all unloaded in same half hour.We can expect similiar activity in the coming week.
    Well,on the bright side,atleast KSX isn't propping up the SP and there is no need for down-ramping with this baby.LOL.Isn't trading a 'barrel of laughs'? When we do get there,won't all these obstacles make us appreciate the profits more? All character-building stuff.Wait til next year is my verdict.

    Good Luck All Holders
 
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