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No need to go back and forth...we'll just have to see when they file their 10Q.
What about...
"ASHER ENTERPRISES IS FILING THIS SCHEDULE 13G (AMENDMENT #2) IN ORDER TO CORRECT AN ERROR MADE ON THE SCHEDULE 13G (AMENDMENT #1) FILED EARLIER TODAY. AMENDMENT #1 INCORRECTLY STATED THAT ASHER ENTERPRISES DID NOT OWN ANY SHARES OF COMMON STOCK OF KENERGY SCIENTIFIC, INC. THIS SCHEDULE 13G (AMENDMENT #2) CORRECTLY SETS FORTH THAT ASHER ENTERPRISES CURRENTLY OWNS 339,545,455 SHARES OF COMMON STOCK OF KENERGY SCIENTIFIC, INC."
From my understanding, as of June 26th Asher owned "0"; and as of August 13th Asher owns 339,545,455. So from somewhere between June 27th and August 13th KNSC gave Asher shares.
"ASHER ENTERPRISES IS FILING THIS SCHEDULE 13G (AMENDMENT #2) IN ORDER TO CORRECT AN ERROR MADE ON THE SCHEDULE 13G (AMENDMENT #1) FILED EARLIER TODAY. AMENDMENT #1 INCORRECTLY STATED THAT ASHER ENTERPRISES DID NOT OWN ANY SHARES OF COMMON STOCK OF KENERGY SCIENTIFIC, INC. THIS SCHEDULE 13G (AMENDMENT #2) CORRECTLY SETS FORTH THAT ASHER ENTERPRISES CURRENTLY OWNS 339,545,455 SHARES OF COMMON STOCK OF KENERGY SCIENTIFIC, INC."
KNSC twitter page is still live.
https://twitter.com/KNSC2
1 filing and 1 amendment. How does one make a mistake of filing that you have 0 shares? Then remember 6 hours later that you have 300 plus million shares? The people at KNSC and associated with KNSC need to be careful...you never know when you're being investigated.
So much for your theory...
"...ASHER ENTERPRISES CURRENTLY OWNS 339,545,455 SHARES OF COMMON STOCK OF KENERGY SCIENTIFIC, INC."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10150124
LMFAO!
Flatline...it's dead. LOL
IMO, all pinks are meant to be flipped...never held. Consider holding a QB, NASDAQ, NYSE, AMEX...Consider...because times have changed and I can guarantee large institutions flip on the big boards.
Maybe a few of us here should pitch in and buy KNSC, then brainstorm on a business or two or three or 10, then become a conglomerate with a tight share structure. LOL
Sorry, no one knows a timeline nor an actual merger candidate.
Concrete is better than yachts; and better than MJ, unless they plan to acquire some MJ assets, because a portal doesn't make money.
I don't see where they've issued 3 billion shares (or as you said, "3.5 billion shares") to Sparx.
I did see this: "On August 14, 2013, the Company closed the merger with Sparx Business Media Inc through issuance of 3,387,500 shares of Kenergy."
And if they did give Sparx "3.5 billion" and Glynn has 2.2 billion, that exceeds the current O/S count.
Okay. Thanks.
You're right. But still, not a good business, IMO.
Funny, TMX* was down over 50%; ended down 23%. It's good that KNSC didn't get that deal because IMO boats, especially Yachts, are bad business.
How many people can afford a yacht? How many Yacht manufacturers are there in the world? How many people would buy their yacht from this particular company? Statistically, how many yachts are sold yearly?
KNSC better choose a company with consistent revenues and profits coming in, otherwise KNSC (or whatever they change the name to) will go nowhere. And that said, no Institutional Investors will touch this, just the same old Strategic Entities and Retail Investors...which means, no real movement/progress.
@Waterchaser
Yes, I recall you telling me that. LOL
LMFAO! Have you seen the contact info: "email@email.com" and phone number "1-111-111-1111". LMFAO!
Read it from the SEC website, it's clear.
https://www.sec.gov/Archives/edgar/data/1307989/000147124214000247/knsc10q03312014.htm
That's old, and when they filed that, it was almost 2 months late.
SEC is the most accurate site :)
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001307989&owner=exclude&count=40&hidefilings=0
I believe KNSC has to file its 10-Q tomorrow or Thursday, otherwise they'll be delinquent again.
Hopefully the next 10-Q will clear things up. Or hopefully, Fidelity Transfer will provide me with an up-to-date share structure for some clarity.
Sorry NRS, that should have been a "new post" not a "reply".
Can someone enlighten me?
Does Sparx hold 3 billion shares of KNSC, because I don't see that in any of the filings?
I've also noticed that from March 18, 2014 to June 11, 2014, the O/S went from 5,217,475,719 to 5,432,475,719; an increase of 215,000,000 shares.
With the latest PR, the new O/S will be 7,432,745,719 "temporarily"?
So are they "temporarily" diluting?
Something doesn't add up...Glynn has 2.2 billion, and Sparx has 3 billion, that's already 5.2 bil of the 5,432,745,719...something is not adding up.
From latest 10-Q:
"Indicate the number of shares outstanding of the issuer's common stock, as of the latest practical date: 62,270 shares outstanding of Preferred Stock, par value $1.00 per share; 5,432,475,719 shares outstanding of Class A Common Stock, no par value and 10,000 shares outstanding of Class B Common Stock, par value $.01 per share, as of June 11, 2014."
Sometimes, I don't understand your posts, it's like you're talking in riddles. LOL. I too believe KNSC has potential. If they R/M with the cement company that would be huge; if they R/M with the vehicle manufacturer, that would be ginormous; IMO.
Darn! I was hoping that this would jump to $20! LOL
On another note, it's of fitting for "GM KNSC" to be the 50,000 post. LOL
Wow, what has happened to RFMK!? I remember when this hit 1 cent, now it's flirting with .001. I've even noticed that the Institutional Investors have dwindled.
If former management is involved or has been involved in any illegal activity pertaining to KNSC, why hasn't the SEC been notified?
IMO,
KNSC: Bid .0001 / ask .0002 for the rest of this month.
KNSC: No bid / ask .0001 for all of August.
This will hit 1's today!
Even with their latest tweet. Likely just a stunt hoping the price would shoot up. This company is in a state of confusion...should have been patient and kept the Solar business going. IMO
They don't even have a phone number. I wonder who their clients are?
Good luck!
LOL!
Thanks. I did. I emailed KNSC and asked them who is writing and proof reading their PR's? In their mind, it might be a rhetorical question where no answer is needed.
I support KNSC. I don't think the CEO writes these PR's. All I'm saying is who's the idiot putting out all of this incorrect info.
WTF is up with these PR's! Who writes them? It's "Innotrek" (as in Innotrek Technology) not "Innotech / Innottech"! Makes me wonder.
5 Misspellings of the company name, 0 correct spellings. Who proof reads this stuff!? As a businessman, paying close attention to detail is crucial. Again, makes me wonder.
If you say so.
That's old news, some of us knew about that on 6/19. See post 49720.