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I beg to differ on the AAPT statement!
AAPT is holding strong!
You call that getting wacked? I call it STRONG support.
Nothing on his own board for a while. Maybe he is laying low for now? His last two pump's...KLDO and SPOM have gone belly up. I wouldn't want to face angry board member either.
AAPT is getting whacked today too.
Has anyone heard from Ron or MM? I must say I'm disappointed in MM and his lack of acknowledgment here on this board and his own surrounding this stock.
I sent email to Ron at KLDO and have yet to get a response.
Anyone else ?
I believe that they can't be traded until they get current, and there may be other conditions also. It will take a lot of time and money to get current again. Is it worth it?
When and if they do, the amount of debt that is listed is bound to be huge. How do they get rid of it? If they do start selling something, aren't they going to be sued by their creditors (Wanna bet there's a couple named Otto and Shelver) or do those creditors just end up owning the company? They won't just go away, that's for sure.
Perhaps this will provide kldo the much needed incentive to update financials?
Kldo has not been revoked. This is the first good news we have recieved since suspension. If they completed investigation and didnt revoke we are headed in a better direction for now anyway!
oops, you're right. my bad.
So.....that's it I guess....This is now un tradable right??
Ugh
This shows its just revoking Versatech. It does not include the other companies listed within the "Matter of" box.
At least that is how I read this.
>how do any of us really know what a company is or is not doing?
IMO, the filings are the only place where they can't lie, and if there are no filings you truly do not know anything about the company.
Yes: I will lose almost $3 grand here. Ouch! KLDO: It was just one of my penny stocks on the back-burner ...as by all accounts from what we learned it sounded like its business plan was finally coming out this Spring.
So rack up another one on the side of capital gain loss to off set wins....and move on...lesson here? SEC can do this to any penny stock at any time -- how do any of us really know what a company is or is not doing? Dangerous market....but still love it.
Only thing I disagree with, and have said this before, the SEC should not just instantly send a stock to Greys as it just hurts small time investors and wipes out there money. They should have a 'warning tier' system of some kind, like 3 levels....level one they issue that says they are looking into Company X's affairs......level 2 they have found issues...level 3 they suspend.
the suspension was over at midnight. if it is not revoked before the open, it will be available to trade on the grey market today.
Suspension lifted, probably NOT trading anyway?
This is from the SEC bulletin on trading suspensions -
Why would the SEC suspend trading of a stock when it knows that such action will hurt current shareholders?
-------------------
The SEC suspends trading in a security when it is of the opinion that the suspension is required in the public interest and to protect investors. Because a suspension often causes a dramatic decline in the price of the security, the SEC suspends trading only when it believes that the public may be making investment decisions based on a lack of information, or false or misleading information. A suspension may prevent potential investors from being victimized by a fraud.
How can investors find out if the stock will trade again after a suspension?
------------------
Investors can contact the broker-dealer who sold you the stock or a broker-dealer who quoted the stock before the suspension. Ask the broker-dealer if it intends to resume publishing a quote in the company’s stock.
If there is no market to sell my security, what can investors do with their shares?
------------------
If there is no market to trade the shares, they may be worthless. Investors may want to contact their financial or tax advisers to determine how to treat such a loss on their tax returns.
This is what was done before
On July 13, 2009, the Commission filed its complaint against the Defendants
alleging that they violated the anti-fraud and registration provisions of the
federal securities laws by, among other things, conducting a “pump-anddump”
scheme in which the defendants used a false and misleading public
relations campaign to tout their client MitoPharm Corporation’s products. In
reality, the products did not exist. Otto sold MitoPharm stock at a profit
before its stock price plunged after the close of the promotional campaign.
Public company advertising services as existing and available when they aren't is stupid AND illegal.
What is happening now and what was happening then are two completely different things. Then was illegal. Now it's just stupid.
Hi Alydyr, thanks for your reply.
Good luck on all of your investments.
Best,
Bob
AAPT is gonna be huge. Do you even know how to do your own DD? This one will take off sooner or later.
Hi Tyler, any news from Ron on KLDO?-thanks.
Best,
Bob
(855) 247-5231 works. Tell Kate everyone says hi and
- are there any sales?
- is there a working product?
- what is the the current financial situation?
- what are your plans for making investors whole again?
They actually seem to be legitimate questions, in spite of all the glowing 'DD' - does everyone get it now?
does any one have kldo phone # as the number on otc markets posted is disconnected.
DD that sounds like a stock promotion is not DD. You have to take the bad news with the good news. If a public company has not filed in 5 years, then you know NOTHING about that company, no matter what anyone tells you. There is a reason that they got tagged as 'buyer beware', and this is the reason.
Wanna bet the whole PALS, kiosk, whatever gets sold to somewhere else or someone else, or given to someone in exchange for money owed, and the shareholders of KLDO get left holding an empty bag?
What a DISASTER here at KLDO. I'm glad I DID NOT listen to all of the STOCK PROMOTERS who have been PUMPING this thing HARD recently.
Hopefully, you folks have DUMPED all of your KLDO long before now.
Good luck.
Thanks for the info. on KLDO
http://www.otcmarkets.com/otc-pink/marketActivity/venue-changes
Officially on the GREY MARKET.
Yep you got it in 1
Funny, I was wondering the same thing last night. Could it be that the debt is owed to people named Otto and Selvers, people like that?
They are also involved in SARS (SARO) and have created the same mess there. I feel the SEC are powerless to stop these people. As I was told some time ago What they are doing is immoral but not illegal
You can be sure a lot of the debts will be due to lawyers and consultant fees and guess who these are
They've now been caught. They are going to have to file, and show the truth behind their finances, which, in the words of Ron Tate (according to a credible witness) - "It's a mess". Wonder how they are going to convert all those millions in debt.....
Or become a gray sheet stock and fold up the trading tent.
They are behind GBOE also
they aren't. they have been suspended and there is an administration procedure in process to revoke the registration.
I cannot understand how these guys are permitted to thumb their noses at the rules of the SEC
Otto has already marketed a non-existing product and the SEC accused him of fraud and he paid the charges without admitting or denying the accusation.
Now maybe somebody will believe me when I say this has and is a scam. I have experience of the guys who are behind this and this is an example of their modus operandi
When or if financials do come out, it will be very interesting to see what the current debt picture is. As far as I know, debt does not just go away, and it was in the millions last filing and KLDO lost a ton of money since then. It's not me, see the SEC suspension notice about that.
Ron Tate said "when he took over this shell it was a mess"? So why did he take it over? Read up on shell companies and what happens when uninformed people buy them, this exact circumstance is why so many of them blow away leaving shareholders with nothing.
And for the record, if "DD" doesn't include current financial information there is no "DD" at all.
Luckily i sold on the last run up.. But was waiting for trips to load back up
anyone here get caught in KLDO Suspension?
They also need a new lawyer. They have to appear at a hearing, and their current one - David Otto - is barred from those hearings until at least 2016. This is going to be expensive, more than the 40 -50k mentioned earlier.
9. As discussed in more detail above, all of the Respondents are delinquent in their
periodic filings with the Commission, have repeatedly failed to meet their obligations to file
timely periodic reports, and failed to heed delinquency letters sent to them by the Division of
Corporation Finance requesting compliance with their periodic filing obligations or, through
their failure to maintain a valid address on file with the Commission as required by Commission
rules, did not receive such letters.
With all due respect, you CANNOT keep these conversations private - at all.
Best of luck to everyone that owns stock in KLDO, and I mean it. But - as you said - this is a public company, and they have to follow the rules just like everyone else.
Ignorance on their part is no excuse whatsoever, they are being advised by Otto Venture Capital, one of whom is the VP of Operations for KLDO. The "I didn't know" explanation is a very, very, troubling sign.
If SEC gets wind of their marketing a product that hasn't existed there will be more trouble.
What are you talking about? If they didn't have to do any of that stuff the stock would still be trading. Maybe it turns out that filing is important after all?
. They do not have to file with SEc
yes, they do. that is why they were suspended.
Thanks tyler, we will see what happens. I have a hard time thinking this is just a scam because of no dilution, what's the point. I still think we will be looking pretty smart in a few months. Call me an eternal optimist, maybe that is why i am a farmer. Good luck.
They are a pink sheet company, all they have to do is file and be current with otc markets. They do not have to file with SEc and they do not have to be audited. This will not take that long or that expensive, very disappointed in company and the people who say they did their DD. Maybe some day it will get off the grays but if he is just getting his act together now, it is not any time soon. Disgusting on management.
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