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We shall see. I am thinking about getting back in. I want to see if support holds. Market Cap down to $12.7M now. I think the biggest question is what will the promoters do next? The recent run up and back down are probably mostly related to promo activity.
I grabbed my first position today I missed the first run but watched very close. 4M OS with recent highs of $12+, im in at 1.65 and 1.82...with any news of acquisitions or news related to No Tie LLC we could easily see $5+ quickly.
That was a smiley face...
What Broker is letting you short Pennies?
How come I never receive an email like that from them even though I signed up with them a couple weeks ago?
Go figure still .....
Would you buy a stock at 75% discount?
Hello to you!
If Warren Buffett were to become aware of a stock that is big enough for him to invest in, and that is suddenly trading at a 75% discount he would jump on it in a heartbeat.
Fortunately for us, KLMN is too small for him so we can get first dibs on this opportunity.
I know many of you already own shares in this stock. Shares which were purchased at a much higher price because basically right now KLMN is trading at below my alert price.
In fact, it is trading at the lowest I have ever seen it which shows that it is dramatically oversold.
The current price is going to be very temporary. I cannot think of any reason why it would continue trading this low.
This is a symptom of extremely heavy and sustained short selling which has been going on for weeks and has intensified into a full-on attack on KLMN.
Whether you own shares or not I am ready to put my entire career on the line by saying that you should buy as much as you can possibly buy at these prices.
The Volume Weighted Average trade price of KLMN is somewhere around $7 which is basically the minimum it should be trading at right now.
At the current $2.98 everyone is in the red except short sellers. I can’t imagine that anyone would want to be selling KLMN down here.
The only thing to do now is to continue holding and buying more.
I can say that I have rarely seen such a situation before. The number of shares which are short at this time must be staggering and could be close to 1 million shares.
If everyone continues holding without succumbing to the panic and investors buy this crazy discount, I would not be surprised to see a crazy run back to over $10 within 72 hours.
At any price under $5 KLMN is an unbelievable BUY and you must tell everyone you know about it ASAP
KLMN IS A STEAL AT UNDER $5!
Sincerely Yours,
Keith Dawson
Chief Editor for ThePennyStockAnalysts.com
Just making money Noob, both up or down. Any stock that is up 600% is going to suffer a selloff. did you make any money from $12 to $2? A little tip, the ratio is 35/65 up vs down. Long when I have to, short when I have to. Hit me when you have enough to short pennies. Last time I respond, till then glty.
Any link, that would be massive for this tiny float.
Rising up again...any info you can share would be appreciated
@Hippityhop seems VERY quiet the past week... I wonder why? Sorry to all that didn't listen to pull out.
Where did you find this information?
Just found out that No Tie LLC has a contract with Apple and has over 500 apps with them. KLMN just purchased them. They are in acquisition mode and also wanting to expand the app market. Business broker is working deals for the company wanting to expand.
my question is, why is no one looking at BFTI yet ?
why are people drawn to these train wrecks
Is it just me or does this also happen to anyone? I subscribed to "thepennystockanalysts.com" but I never receive an email from them regarding this promotion or ANY promotions at all...
I warned you all. This company is overvalued by 1100 times!!!!! To the HIPITYHOP guy SHOVE IT! I may be new to the market, but I can spot B.S from a mile away.
Play the volatility.. it will be there for 20-40% in and out plays the rest of the week
Hey, I think most of us have been there - I know I have. It's an inherent risk in the OTC. I wish I could predict where KLMN will go next. My best guess is that it will keep going down - maybe to between $1 and $2. Will it move up again? Its certainly possible. For one thing, there was an actual acquisition according to the 1/25 8-K. "No Tie LLC" was acquired for $37,500. But a market cap of $29 million (at the current PPS) does not seem justified. I think the only reason it went up so high was due to a well executed promo.
Unfortunately, I think the best hope a recovery will be if someone runs a follow-up promo (or continues the current one). It is possible to profit from promos, but very risky. I got lucky on this one, buying it before there was any direct indication of a promo. I bought based in sudden heavy volume, which in hindsight was probably related to the promo. I was hoping the volume signaled a significant reverse merger...
What I would rather see happen is announcements of more acquisitions (or perhaps a strengthening of "No Tie") by KLMN that would bring the true value of the company higher. We'll just have to see if they come out with more filings or news.
For now I am on the sidelines, but I wish the best for anyone who is long. I might jump back in at some point depending on how things go.
Feel real stupid!! Held on and did not sell. Any opinions if a recovery could possibly be in sight?
I am truly stupid, held on and did not sell. Any opinions on if the stock will recover?
Kalmin Corp.: A $43m Penny Stock Promotion
https://seekingalpha.com/article/4240255-kalmin-corp-43m-penny-stock-promotion
Never, Never, Never create any kind on stop on a low volume penny stock.
I did that years ago and BAM the market makers dropped down and picked off my stop then the right back up to the price it was trading at. Happened in a blink of the eye. It was no small drop to pick off my stop price either.
Spectators and performers...choose
Hah! i'm glad i didn't get in.
it should still get above 10 again though
or buy at 1 and sell at 10 like the promoters
did they really? wow nice
pennystockinvestmentgroup
just started tellign people about it last week
now that it's crashed may be the right time to buy LOL
buy at 6, sell at $18
Noob, you don't have to reply, I'm just stating facts. Just sit on the sidelines and watch like most confused noobs do. I was a noob once too.
Hippityhop is trying to guilt trip us into buying more so the prices hits his goal, then BOOM back to $3.00 a share. What on earth would I have to gain by telling people to NOT buy this stock. You're hilarious. Don't listen to this guy.
the penny stock analyst was alerting this since $3.00...I had the email but never bought go figure. Nice play indeed!
http://thepennystockanalysts.com
Closed at $12.44, wow. What is going on. Difficult to understand the trend. What is the pick?
Extremely well executed promo. Obviously, those insiders who loaded back in November, when we first spotted the initial volume spike, have made a ton of money, but have also allowed traders to make some good money as well very quickly...despite OTC Markets best efforts to stop that...lol.
Someone on the board mentioned these guys being "A holes", the true A holes in pennyland are those insiders that pump, then dump so many shares that they don't run much at all, they dump em' down to sub penny, then reverse split and do it all over again.
Obviously, this run isn't sustainable forever, the longer it goes, the riskier it becomes, but it's certainly been a good one thus far....just have to be aware that the bottom could fall out at any point.
Just create a trailing stop and you're be just fine protecting your gains.
Yes, it just keeps going. I think it's gonna see a price correction one of these days, but for now it's a pretty sweet ride.
You are ok with missing an 80% gain because of your righteous view that this company is somehow a scam. You're going to do very well in this arena. You wouldn't know a gifted horse if it kicked you in your teeth. LMFAO
Did you keep a percentage incase u were wrong (like right now for instance) lol
I believe your timing is perfect, but only time will tell.
Yeah if I held on to my investment I would've sold at $9-10 but I sold at 6.5 since I realized this company is worth NOTHING. Just some A Hole trying to steal good peoples money. ( As my name insists I'm new to stocks, but I know a decent amount about finance and economics so I'm not blind)
It's already gone higher than I thought it would, so I really have no idea...
How high can it go in your opinion? It is up almost 500% now...
I would not go so far as to say it is a scam, but definitely is being promoted and recently was flagged as Caveat Emptor by OTC Markets. KLMN could very well go higher, but when the dumping starts it will be very difficult to get out with a profit.
KLMN, as per their Nov. 30th filing, have no bank account and possess zero cash.
KLMN do not have any full-time employees.
KLMN have ZERO assets.
KLMN have ZERO income.
KLMN have ZERO revenue.
KLMN do not have physical office space.
“
- Kalmin's address listed with the SEC "8 THE GREEN, SUITE #5140 DOVER DE 19901"
A search of this address revealed that it is registered to a company offering a Virtual Office Service.
Kalmin Corp. do not have a working website
- A search of their website(https://www.kalmincorp.com/) revels the following:
You can find the company's wesbite listed on: nasdaq.com, bloomberg.com
Click to enlarge
Financials, From Their Nov. 30th 10Q:
“
"The company has no bank account and does not possess any cash."
You WILL loose money if you don't sell soon. Price will drop back down to $2-3 a share.
Read the previous comments left by others. This is a email based pump and dump.
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