My big question is KKUR still a real operating & in business company.
5190 Neil Road
Reno, NV 89502
(address is that of the Registered Agent in Nevada - Corporate Service Center)
Mike Burke, 702-966-2473
Can you buy my shares Please?
Don't let OTC Markets fool you with this "expert market" bullshit.
KKUR was sent to the greys after the SEC suspended the ticker in 2012.
Coulson came up with the "expert market" to try and ease the stigma of the greys. But KKUR did nothing to be "elevated" to that tier. Now, the majority of tickers that were on the greys are on the expert market.
And not one broker recognizes a difference one from the other. The only thing that does matter to them is whether it's labeled Caveat Emptor. Which KKUR is.
It's not what I want but what's most likely.
Hindlibjabb. Do you wanna see kkur gomback to .0001?orbto
Have you tried ibkr or schwab?
Td ameritrade don't allow to open trading with the form europe? What a mess!
I'm in Spain and my bank doesn't allow me to sell my Shares.
I've tried to open an account in TD Ameritrade or another US brokers, but all of them are blocking registration from Europe due to legislation restrictions.
I've contacted to other brokers and banks in Spain and they allow to their clients to sell (ING is one of them), not to buy. Unfortunately they don't allow the transfer of OTC stocks for new clients.
My only option is to try to make pressure to my bank, to see how is possible that others allow the sale to their clients and not them. Disgusting!
I didn't find any other bank or broker in Europe accepting my KKUR portfolio.
If somebody else has another solution to sell I will be happy to listen. Thanks in advance.
Hy i live in Italy too and my broker said the same thing. Can't sell! I think we have to use td ameritrade or similar. Simeone that live in Europe can help me? Thanks.
CE means Caveat Emptor --- empty shell company with no existing business dealings.
Question is... why all the volume out of nowhere? Nobody knows at this point. Just wait and see how it plays out. Some are cashing out after not being able to for a decade AND some are holding to see if it runs up in price.
I've considered it dead, so no harm in waiting it out a while.
It stands for "Caveat Emptor" or buyer beware.
It was awarded that designation after the SEC suspension in 2012 which dropped the stock to the greys.
You could have s point there.... good point... I bought more of KKUR with tdameritrade yesterday. Tdameritrade ain’t not afraid of Stocks that are labeled CE. In fact tdameritrade thinks everystock in every exchange should have CE labeled to it
I am from Spain and my bank does not allow it either.
Do you know a broker to which I can transfer my titles.
In which brokers, the people that sold last days, have been able to do it.
Thanks a lot.
Agree, I wouldn't chance putting money here. I'm just holding what I've had for over a decade. I actually have 4 of these that are awake from the dead. It's just more interesting right now because sooo many of these are active on a huge scale volume wise at the same time. If volume continues like this for a few more weeks, this can run hard. That's a guess based on how all these others are behaving. Will be fun to see how this and others pan out over the next few weeks.
OTC traders will buy anything they think they can move. They're playing the ticker, not the company. And they'll make people think there's something going on behind the scenes with the "mystery buying". Since there's no one at the company to contact to ask questions of, the nonsense that gets posted can't be refuted.
We've already seen the old cancer cure claim brought up. I'm sure something else will be soon. Or maybe this one will fall flat on it's face.
Thanks stoflat for your commentary. Its just a gamble. Too me its better than Vegas. With Vegas you will loss your money quickly.
If this is just a shell company, why are people buying it.
Nobody really knows what is going on at this point. Just for perspective, below is what I wrote for a different stock, but applies here as well as with many others. It is just an IMO piece...
After doing some digging, I really don't think all this volume/price movement is based on any specific business dealing(s). So any updates from KA aren't really needed just yet. Maybe when the updated website with new products rolls out he will PR it.
There are literally dozens of penny stocks including trip plays that have been DORMANT for several years having huge volume surges and price increases. Most with billions OS, no fins in years, non-current status, just plain dead. All are moving with no news.
And based on the number of stocks and the amount of $money being traded each day with all of them, this isn't Covid relief money coming in. I'm seeing $10k, $20k, $30k buys going off all day on some of these. So, $600 stimulus checks aren't doing this.
All that being said, it sure is interesting to see it play out. Several trip stocks going to pennies over the past few weeks, and dozens of low double zero stocks hitting dimes, many dimes. Most have billions of shares out.
Looking deeper into many of them, they are hitting between 100m to over a billion shares traded per day for 3-4 weeks before sky rocketing. And I'm talking about DORMANT stocks that haven't seen the light of day for years are suddenly blowing up with volume, then price surge. All this with no news and virtual silence from these companies. Which is why I say we don't need to hear from KA right now, just let it play out.
IMO... we are looking at another 2 weeks of this massive volume before it really takes off. I think it goes several ticks up and a couple ticks down over that time, then take off from like 001-0014. Once that happens (if it tracks like the others) it can hit a penny or more in a few trading days.
Regardless of how this plays out, it sure is interesting to see.
There is no business contained within this ticker. It's a shell. Been a shell for nearly 10 years now. It was suspended by the SEC in 2012 after Anthony K Welch was charged with fraud over his cancer claims.
SEC Charges Former Mississippi Investment Adviser, Now Based in Bahamas, With Fraud
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22463 / August 31, 2012
SEC v. Anthony K. Welch, Civil Action No. 1:12-cv-3034 (ND Ga.)
SEC Charges Former Mississippi Investment Adviser, Now Based in Bahamas, With Fraud
On August 31, 2012, the Securities and Exchange Commission filed a civil action in the United States District Court for the Northern District of Georgia against Anthony K. Welch, a former investment adviser formerly of Oxford, Mississippi, with securities fraud in conjunction with a series of false and misleading press releases issued in 2010 by eHydrogen Solutions, Inc. (“eHydrogen”) and ChromoCure, Inc. (“ChromoCure”), two now defunct microcap stock companies. Welch served as Chairman and Chief Executive Officer of the two companies during the relevant period and was responsible for the issuance of the false and misleading press releases of both companies. Welch is now based offshore, most recently in Freeport, Bahamas.
The Commission’s complaint alleges that from at least March 2010 through August 2010, Welch issued a series of press releases and made other public disclosures containing false and misleading information concerning, among other things, technologies acquired by and revenues generated by eHydrogen and ChromoCure. The complaint also alleges that the period of the false and misleading press releases coincided with suspicious price and trading volume increases in the common stock of eHydrogen and ChromoCure, and further alleged that in multiple instances such statements were intentionally false and misleading, distributed by Welch for no purpose other than to incite trading activity and artificially inflate the price and trading volume of eHydrogen and ChromoCure. For example, in a ChromoCure press release dated March 16, 2010, Welch stated among other things, “[t]he Company’s proprietary Chromosomal Scanner systems have proven accurate and efficient in the measurement of the unique genomic characteristic found in 100% of all cancers and never found in normal cells. The Company’s detection technology has been proven to have an effective accuracy of 100% for all cancers at all stages. This is superior to other detection approaches presently employed by pathologists, including biomarker detections, in every measurable way.” The same press release also stated that “[t]he Company’s detecting technology has an effective accuracy of 100% for all cancers at all stages.” The complaint alleges that this representation was false and misleading and that Welch and ChromoCure issued the statement without any reasonable basis for it, because in reality no 100% accurate cancer detection system is known to exist in the world.
The Complaint alleges that Defendant Welch, by virtue of his conduct, directly or indirectly, has engaged and, unless enjoined, will engage in violations of Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") [15 U.S.C. § 78j(b)] and Rule 10b-5 thereunder [17 C.F.R. § 240.10b-5]. Welch also has liability as a controlling person, pursuant to Section 20(a) of the Exchange Act for violations by eHydrogen and ChromoCure of Section 10(b) of the Exchange Act and Rule 10b-5(b) thereunder. Welch is alternatively charged herein with aiding-and-abetting the antifraud violations of eHydrogen and ChromoCure. The Commission seeks a permanent injunction against Welch for fraud, an accounting, disgorgement plus prejudgment interest, civil penalties, a penny stock bar and an officer and director bar.
There is no proof of naked shorting here. Besides, why would anyone short a ticker trading at $.0001? Where would they take profits if it can't go lower than where they shorted it?
Ok. Before you say non sense. Let me explain a few things... many years ago. Kkur said they had found a cure for cancer. The stock price sky rocketed. Later it was found out that claim was false. The ceo lies. Two years later the ceo was found dead on a foreign vacation spot. In the mean time the stock kkur was naked short sold into oblivion
It's a shell. There are no assets. You can check their old filings to see if they have any debt obligations that would carry over to a new owner.
$KKUR has toxic debt? do you have any assets ? patent? I wonder if any custodian may be behind this abandoned shell ...
The SEC crackdown on making a company provide adequate information on which an MM can make a market has no bearing on a brokerage firm not allowing a client to sell stock. They may not allow someone to open or add to a position a ticker that they consider below reporting standards like KKUR but they can't not allow you to sell it. You could ask them to remove a ticker from your account as a worthless security if it weren't trading but KKUR doesn't fit that category now that it's trading.
You'll have to call and talk to your broker to get the answer you need. Sorry.
Excuse me for my mistake.
I wanted to know more about the new SEC rules.
My problem is that my broker DON'T ALLOW ME TO SELL my shares.
I live in Italy
I'm sure they have the legal right to change the conditions under which they operate. It must have been covered under the terms you agreed to when you opened your account.
Did you read the fine print?
Anybody have any thoughts on the legality of allowing me to buy KKUR and then retroactively imposing an exorbitant fee to sell that same stock when that fee did not exist at the time I made the purchase?
I'm not sure what you're asking me to explain. Of course, your broker can't force you to sell your shares. I was explaining why the stock was going up.
Can you explain better? My broker does not make me sell the shares
It's due to the mania that's hit the entire OTC. Stimulus money is flowing into the markets along with the new SEC rules going into effect this year is causing trader groups to attempt to push any trip zero ticker up.
Caution is recommended.