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Use to get somewhat decent volume but hasn't traded much at all since the r/s. It annoys me when they do reverse's on low floats, float was already well under 2M so there was no need for it, all it did was make it highly illiquid and piss off the existing shareholders they had.
If they can turn around and make a profit I might add some of this. Heck .20s I would take 5k at least.
Here are the requirements, which they easily meet, one of the big differences is they will have the guidance of their DAD, Brean Capital, LLC as a QX company.
http://www.otcqx.com/qx/otcqx/requirements
http://www.otcqx.com/qx/dad-pal/overview
http://www.breanmurraycarret.com/
BB, what dose it take to move up to the QX board?
KNBA!
I'm almost hoping this drops below .20, if that happens I will buy as much as I can, even though it's ridiculously illiquid now I believe once they uplist to the QX that will change....or I hope so anyway......the way I see it certainly can't get much worse.
KNBA, WE HAVE NEWS!!!
(QB) board YES!!!!!
Thanks Big B, I to just waiting and hope!
Really don't really do much new DD here anymore, don't see the point as this is basically dead until they can uplist to the QX or get another IR who actually understands how to create awareness for penny stocks.
However, I ran across this video the other day and forgot to post it, shows some chick in front of one of Kinbasha's parlors in Tokyo.
Someone willing to offer a bunch up at .30 today, it this wasn't so ridiculously illiquid I'd have considered buying more.
Read this article today, wonder what the odds are of Kinbasha becoming one of those merger/acquisition targets..? Would be a good way for Dynam to go public in the US. Plus they could probably get Kinbasha dirt cheap...lol.
http://www.scmp.com/business/companies/article/1093412/pachinko-operator-dynam-eyes-more-parlours-japan
Yep not far off from getting back to profitability, they seem to have weathered the earthquake in more ways then one.
Plus I think the QX is really going to help with the liquidity issue as well....at least I hope so.
Still not happy at all with the job Trilogy is doing to create awareness though and I doubt Kinbasha is either.
Woah, they really cut down on the bleeding. They aren't that far from being profitable now. Just stop paying the CEO and they are in the GREEN.
One of these days traders/investors might wake up an notice this long time company and the low share price for such an institution and this will start moving up!!!
Slowly but surely that is their plan. I might not be 100 years old before it happens. lol
Kinbasha reported revenues of $23.6 million for the quarter ended June 30, 2012, an increase of $4.5 million compared to $19.1 million in the same period of 2011. The increase in revenues was primarily a result of increased customer turnout at Kinbasha's various locations, as well as the reopening of a parlor that had been badly damaged in the earthquake and tsunami in 2011. Likewise, Kinbasha's net loss for the first quarter ending June 30, 2012 improved to $1.9 million, compared to a net loss of $5.3 million in the same period of 2011. This overall improvement to the bottom-line was primarily attributable to increased sales and improved machine management by Kinbasha's team.
"We are pleased with the fact that we were able to enhance our bottom-line as we build upon our 2012 results and implement a series of initiatives to open new parlors throughout Japan," Mr. Takahama continued
The company needs to become lean and trim the upper managment back so it becomes profitable so that the share price goes up!
Yes, but they are losing millions per quarter due to G&A expenses so they have ot been profitable!
Is it that real! we have been waiting for anything!
It must be how things are done there?
Feeling a little better, hell may add more now!
To coin Steve Martin: "When what freezes over?".
Happy Thanksgiving...
I can pretty much guarantee it will happen sometime before the next ice age....lol.
Let's see how long it takes.
Excellent, excellent news here, Kinbasha uplisting to the OTCQX, hopefully this should improve liquidity, many people look at the QX tier as a stepping stone to the big boards.
http://ih.advfn.com/p.php?pid=nmona&article=55118211&symbol=KNBA
Might yet get a run out of this thing, lol.
Ask has jumped back up at least...$1.55. That's not far from my average, lol.
Granted it's not a ton of volume but it was 12% of the float, the most since the reverse split and the most we have seen since way back in March. We can only hope that Trilogy was waiting for Kinbasha to become fully reporting before really trying to create any awareness. Perhaps now they can start earning their money......fingers crossed.
I'd certainly add some more here at these levels if KNBA started showing even the smallest amount of liquidity, it's insanely undervalued at these prices.
Nice, fully reporting!! Nice volume coming in too :)
Unfortunately, your comparison says it all! Pink/OTC is the Wild West, where the sheriff is "Pump & Dump"
No kidding.
To put it into perspective here is PWEI vs KNBA one is a promo getting pumped heavily right now one is not. Just shows you how stupid this Pink/OTC garbage is.
These guys that talk about fundamentals on the boards in the Pinks/OTC always crack me up because those don't mean crap here, it's all about pump nothing more.
KNBA
______
- .41 cents PPS
- $150M in assets
- $100M in revenues
- 162K float
- 7M O/S
PWEI
________
- .47 cents pps
- $476K in assets
- $0 Revenues
- 160M float
- 475M o/s
Correct, insanely crazy!
You can say that again, brother...
So we are at .41 now with:
- $150M in assets
- $100M in revenues
- 162K float
We are trading below Chinese companies valuations and this is not even a Chinese company.....lol....that's some crazy chit.
One of these days this is bound to wake up, surely this can't stay down here forever right..?? This company has been in business for over 50 years...it's just nuts.
It seems like foreign companies doing reverse mergers are really out of favor right now with both real investors and traders, I guess all those China RM scams screwed it up for everyone.
Hopefully 2013 will be better, otherwise I need a new investment strategy because what I've been doing these last couple of years ain't really working....lol.
Brother, I know it is sad! KNBA has a lot going for it WE have seen your DD.
I'm holding out that they just don't know how to handle it in the pinks.
This is not a start up company! its a full up making bank has real income, great holdings, they just aren't getting any INFO out here in the USA were they got a shell? to help KNBA!
I do think after the earth quake thay need some exter $$$ to do repairs.
Can only sit a wate, maybe they see the light soon!
AP
I know crazy isn't it..??
It's really sad that traders go apechit over these garbage stinky Pink/OTC companies that have no business, no revenues, no assets, can barely afford a pot to piss in and the only money they have goes into running paid pumps........yet a company like Kinbasha, which is arguably the most legit corporation in Pennyland, a HUGE company that has more going for it then 99% of the other crap out there gets no volume or interest at all.....nothing, nada, zip.....it's just wrong on so many levels.
KNBA! thought that a good Japanese company would do better!
just one more pink! can only hold at this point.
Back to pre R/S prices. Awesome.
Agree completely, I mean come on .51...really..?? This is ridiculous, it's almost like they have given up already. That's the one thing I hate about dealing with foreign companies, I think they are oblivious to what it takes to be liquid here in the US and when they can't raise any capital they give up to quickly. I've seen it happen many times but mostly Chinese companies, this isn't Chinese they should be doing better then this, it's just sad.
Hey KNBA management - FIRE TRILOGY IMMEDIATELY. AND HIRE A COMPETENT IR! 51 CENTS TODAY - DISGUSTING!!!
Hello Trilogy - Anyone home? 59 cents last trade with 51 cents bid!
Horrible IR AWARENESS!!!
Concurred.
Sad, but truthful.
I just let my small position in this sit and wait. Maybe one day we'll get a nice surprise.
Brother, I really appreciate all the DD you've supplied to this board. And the quality iBox info. With the extremely tight float now and the huge revenue stream, I do believe KNBA will be "discovered" SOME DAY by the investment community and turn into a MULTI-BAGGER. But how much longer will we have to wait? Trilogy certainly does suck, but some how, some way KNBA will have its day IMO GLTA
Yep I agree, stock went from being semi-illiquid to totally frozen after the r/s and Trilogy hasn't done a darn thing to help matters any.
I'm not quite ready to give up on this yet but getting close.
I totally agreee. They stink!
WOW - A trade at 63 cents and now 51 cents bid. TRILOGY is sure doing a fantastic investor awareness campaign. NOT! I sincerely hope we are not paying them one cent in stock or cash for their miserable representation. TRAGIC!
checking in too! for now on the hold put away but see good things to come IMOP!
Awareness would be nice.
Phew just got caught up with all the posts here over the last week or so...lol
Anyway, I'm still here just not doing any more DD on Kinbasha because it isn't worth it at this point, nothing new that I could dig up is going to have any effect as this obviously isn't going to be a stock iHubbers are interested in. Unless a stock is getting a lot of pump and has .000 or .00 in front of the pps iHubbers generally aren't interested.
It's basically up to the company and Trilogy now, what they are doing isn't working so they need to take a new approach. Perhaps some kind of legitimate awareness campaign might help?? Hell I'd settle for any awareness at this point, the PR's certainly aren't helping.
I agree, this company moves so slowly it is painful. Best to just tuck the shares away and then hopefully wake up one morning to major volumes and gains.
lol...yeah hope they don't consider QB a "senior exchange" I could live with QX for awhile though until they got on the big boards, which is where they absolutely need to be.
Wish things would have turned out better for us here in the short term but I think we still might have our day, granted that might not be today or tomorrow but some day hopefully.
Going to just stash my shares away in the portfolio and forget about em for awhile.
Woohoo at least we got some decent news. Just curious though, when they say higher exchange I hope they just don't mean a higher tier on the OTCBB.
I wish they would have reiterated big boards etc. Sorry my bad just saw they said senior exchange! NICE!!!
Yeah, I agree, I definitely like this part:
"Now that we have fully audited results for the past three years, we look forward to finalizing our Form 10 process and becoming a fully reporting company with the SEC -- one step closer to our goal of listing on a senior exchange."
Going to take me awhile to go though that massive filing but just glancing though I see they sold off their 3 restaurants, so I removed the pictures and info from the iBox about them.
To be honest those restaurants never looked like much to me anyway so if they weren't making any money best to just cut em loose.
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