Mr B was a big buyer @ $ 1.19 today as per his post on other channel ...he finds discount too lucrative to miss ...fully agree with his sharp eye to see an opportunity and act on it fast !!
9 Trading days for exercise time ...next Friday ...technically KFL itself can support SP till 94% of current NAV $ 1.35+ ...ie $ 1.27 ...will they ? If they do they wont be hurting holders too much as buying something worth 1.35 for 1.24 average is not a bad deal ...in the process they get 25% warrants exercised and renew their cash reserves ...win win ...keep in mind they are allowed 20% leverage ...can use that to generate short term cash ...maybe I am expecting too much from conservative fund ...watched " Dumb Money " recently ...so maybe thats influencing my thoughts ...
Tmrw when NAV comes $ 1.37 + then why keep selling at 1.20 today ? Unless seller has some other purpose ...rates turning / market turning but still relentless selling well below NAV ...not easy to understand ...but maybe thats markets at its best or worst ....
This is such a great opportunity I feel like Oliver Twist with my begging bowl held out at $1.21, please Sir, can I have some more? "
Mr B on other channel doing his bit to mop them at such attractive discount ...KFL is like go back in time for the ones who missed this rally so far ...
Originally Posted by Toddy
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