Kun Peng International Ltd (KPEA)

[Beryi5]

MLGT: Only 24M float...Plus...Important DD.


Likely, most of the float is held by the members of this board & the folks that read the board.

Many long time holders sold into the initial pop a few weeks back.

Now, it appears that the investors holding are not as quick to sell.

Should be very interesting to see how high MLGT heads when some sustained volume comes in.


NOTE: The DD below appears to confirm that the $1.2M investment by Nortern Lights into Imping.me is now considered as an investment by Pacific Current via Northern Lights merger with Pacific Current. SEE EXCERPT BELOW.

So, One of the white shoe investment houses in Australia is, officially, backing MLGTs new owners.

Pacific Current 2016 Annual Report:
http://paccurrent.com/wp-content/uploads/2016/09/Annual-Report-2016.pdf


Pacific Current 2016 Annual Report:
As at 30 June 2016, the Company owns 65.15% (2015:64.03%) of the Trust. Whilst the ownership exceeds 50% and results
in a presumption of control, the Trust is referred to as a joint venture arrangement among Pacific Current Group Limited,
Northern Lights and BNP Paribas. Pacific Current Group Limited and Northern Lights contributed their businesses to the
Trust to conduct investment activities, and BNP Paribas was an investor in Northern Lights prior to the merger between
Pacific Current Group Limited and Northern Lights. The key function of the Trust and the overall business is investment
in asset managers. Former Northern Lights executives are responsible for investment analyses and recommendations as
investment due diligence and recommendations are undertaken by the majority Northern Lights controlled investment
committee. Investment decisions require approval by a majority vote of the Trustee board. The decision making process
leading to execution requires all parties to agree. It is therefore deemed appropriate that the Trust be reflected as a joint
venture investment.