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Keller Manufacturing Provides Update on OTC Markets
KMFI
https://backend.otcmarkets.com/otcapi/company/dns/news/document/48796/content
“On March 29th, 2004 we filed Form-15 to deregister with the SEC and almost 17-years later to the day, we are filing to begin reporting to
the OTC Markets and I’m glad it’s under my watch.” –stated Doug Rink, CEO of Keller
KMFI
I sincerely hope that the new management team has a plan to polish this long-dormant turd and make some pinky noise.
I have a small bag and am hoping for the best while being prepared for the worst.
Not alone anymore ;)
TA Logistics is a legitimate Corp registered with the South Carolina Secretary of State since 2007.
Douglas W. Rink (Keller Manufacturing President) is the POC for the company now. At least this seems like they actually contacted the state about the transaction. :)
Tiny little pieces to this Pinksheets puzzle.
https://businessfilings.sc.gov/BusinessFiling/Entity/Profile/738a520e-1a90-4adf-978b-b79ee44bc3a5
Keller Manufacturing new CEO PR.
https://www.pr.com/press-release/795927
Damn this stimulus money and my search for the next 25x bagger.
Good luck to anyone who jumps in on this one.
Pure speculative play.
Hopefully, the CEO will show that he is in the 1% of Pinksheets CEOs and actually behaves like the rest of the business world... not holding my breath.
Maybe I should have spent the stimulus money on things other than beer. :)
Ok, I think this is the DOT link for TA Logistics. I am just guessing here because there was a couple of TA Logistics returns. This is the only one out of the Carolinas.
https://safer.fmcsa.dot.gov/query.asp?searchtype=ANY&query_type=queryCarrierSnapshot&query_param=MC_MX&query_string=508038&Go.x=13&Go.y=8
TA Logistics appears to be a small company with a few employees. I am not gonna jump any guns here until some of this is verified somehow by the new CEO.
https://www.zoominfo.com/c/ta-logistics-inc/402503729
https://partnercarrier.com/SC/GREER/T-A-LOGISTICS-USDOT-2233384
I will wait for some further confirmation but it looks like Keller MFG (KMFI) is under new management.
Might make a few pennies on this one if they back up their recent PRs.
Keller Manufacturing Company, Inc. Announces Purchase of TA Logistics, Inc.
https://www.pr.com/press-release/826939
Keller Manufacturing Co. Announces Signed Agreement to Purchase TA Logistics, Inc.
https://www.pr.com/press-release/825531
Keller Manufacturing Appoints Douglas Rink, CEO to Lead Company
https://www.pr.com/press-release/795927
Call him and ask him at 828-994-4706 or 828-465-5085 either at his Media company for 20-years or his real estate holding companies for 25-years living in the same county for 50-years etc.
How is this not a fraud?
Below are shareholder claims in the lawsuit against Douglas Rink from his time as CEO of Fortran Industries. Rink resigned April 19, 2018.
Plaintiffs allege that Fortran’s chief executive officer and chairman, Douglas Rink (“Rink”), has engaged in “mismanaging Fortran and misappropriating, misapplying, and improperly using Fortran’s property and assets[.]” (Compl. ¶ 20.)Plaintiffs specifically claim, among other things, that Rink used Fortran’s funds or assets for his own benefit, issued common and preferred shares to himself without shareholder approval, failed to pay Fortran’s debts when they were due and owing, failed to conduct necessary audits, and failed to hold any board or shareholder meetings.
The Qualified Plaintiffs have supported their Requests with a certified transcript of a recorded telephone conversation in which Fortran’s CFO candidly discussed his view that Rink had potentially engaged in illegal activities as Fortran’s CEO and caused Fortran to engage in improper and potentially illegal transactions.
Based on the Court’s review of the record, the Court further concludes that the Qualified Plaintiffs have offered sufficient evidence to show that they have a good faith belief, supported by evidence, that CEO Rink has engaged in substantial wrongdoing, including self-dealing, corporate mismanagement, corporate waste, and other breaches of his fiduciary duties to Fortran.
Although the Qualified Plaintiffs clarified Request 12 in their brief in support of the Inspection Demand by identifying certain specific transactions—the purchase of property in Conover, North Carolina through the issuance of a Fortran debenture, the placement of Rink Media LLC vehicles on a B&L Telephone, LLC(“B&L”) insurance account, and the retention of proceeds of certain B&L vehicles after they were sold—our courts are clear that the Court’s assessment of “reasonable particularity” must focus on the Qualified Plaintiffs’ actual demand, not on any subsequent court filings.
Nice website but lacking information??? Nice start.
Harold
Interesting volume appearing??
Harold
We shall see :).
Harold
Whats the play here?
Company Directors
S. Oden Howell, Jr.
Chairman
He has filed the annual report for 2018 on Keller Manuf. in KY Secretary of State. All State filings brought current
$KMFI: I see you now KMFI... hitting $0.03
1 wk of active volume pouring.
Lets go Low Floater............ Lets GOOOOOoooooooooooooooooo
GO $KMFI
$KMFI: Ok then.... whats up ? Now touching $0.025
Who knows something.
Fess UP !
GO $KMFI
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