Q To KNSC IR (Via ticket)Just got this in.
Q: Will there be several filings made on KNSC this week?
A: Yes there will be, several. Read the PRs Co put out last week. The financials to get back to current from yield debt issue etc, etc,. We may do and file a a super 8k instead as theres so many positive and significant changes that are happening with the company.
Q: Many retail shareholders are concerned that there may be a reverse split and May 1 0.001 OTC Markets guideline. Any comments on this?
A: KNSC year end is Dec 31. That 0.01 rule doesnt take effect till 90 days after Co year end. In KNSC case its April 1 2015. Full 12 months from now. So no reverse split almost guaranteed for at least 12 moths. If we can get price over 0.01 then theres no need in any event and its a moot point. KNSC has time on its hand. Full 12 months.
Q: I see on OTC Markets float as 3 Billion but I read somewhere in filings its 2 Billion. Which is it?Whats the correct number do you know?
A: You mean the "lock up agreement". Yes KNSC has a lock up agreement in place for over 1 Billion shares. Legally KNSC float is 3 Billion. However some stakeholders did a lock up agreement so until the agreement expires end of 2014 its technically 2 Billion float.
I had a whole bunch of questions on whats happening next whats the co ideology fir sustaing share price valuation after the MJ news breaks will there be a name change etc
All responses were NO COMMENT! You are encroaching upon insider info that can not be shared with the public just yet. Wait fr news to come out. They also said yes there is a game plan for much higher PPS. They also said KNSC is a media company so if you are curious whats next just see what the hotest trend is now a days as featured this week on Bloomberg. I then asked are they looking fir a merger or a partner the reply was "the managent is off to India next week". I didnt ask about their travel plans but hmmmmmmmm it got me thinking as India has some top notch IT SEO people. IMO
GLTA
GO KNSC!
Im not a basher nor a pumper! Play your own hand!
