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"...widens merger search..."
I thought they already had something lined up? WTF! And with any reverse merger, there is always some sort of reverse split.
And why are they tweeting about an ex ceo who was fired?
I think if KNSC doesn't file something with the SEC by the end of the month, they will go from "limited info" (yield sign) to "no info" (stop sign).
Right now KNSC needs to focus on getting up-to-date with their SEC filings; so we can really know what's going on.
Yea, I noticed that.
OS: 5,217,475,719 - Float: 3,017,475,719 = Glynn's 2,200,000,000
Latest 10-k:
"On June 19, 2013, the Company issued an aggregate of 2,200,000,000 shares of Class A common stock to Mr. Glynn as repayment of $88,000 of convertible debt and accrued interest. These shares contain a restrictive legend, which will limit Mr. Glynn’s ability to liquidate these into the open market.
On June 26, 2013, the Company issued a Promissory Note to Mr. Glynn for $180,000 representing earned and unpaid deferred compensation. This note matures on July 1, 2013 and upon default becomes convertible into Class A common stock at a conversion price of 50% of the lowest closing price of the last ten trading days prior to notice of conversion. As of September 30, 2013, the outstanding balance on the Promissory Note was $180,000 plus accrued interest of $0.
...On June 30, 2013, Mr. Glynn assigned the remaining balance of his notes and deferred compensation to mmg pursuant to the terms of the LOI between himself and mmg executed on May 31, 2013. The outstanding balance at December 31, 2013 was $0."
What's up Rothman,
I don't know for sure, but my gut feeling is that mmg sold its 3 billion shares which caused the "pop" at the end of March, early April. Look at the volume during that time. Maybe they sold, as they were on their way out the door...now we're all holding those shares. Again, I don't know anything for sure...I guess we'll find out something with the next filing.
Though "wash trading" is illegal, that doesn't mean people will stop doing it.
As long as there are bids of 3's, the 4's won't be going anywhere. It's all a game.
That filing was as of Dec 31, 2013 so from Jan 1, 2014 to today, we have no idea what's going on. But I can offer this based on my studies...
-On August 8, 2013 KNSC got 1 mil from mmg, and on September 30, 2013 the balance was 227K, so I'm pretty sure they've completely paid back mmg by now.
-Andrea Zecevic, who also happens to have the same last name as the mmg ceo, resigned from the KNSC board on/or around September 13, 2013.
-Prior to April 10th 2014, At the end of each KNSC press release there was always, "Investor Relations: mair@360-office.com". On April 10th and 14th press releases, at the end of the press, "Investor Relations: corporate@knsc.info"
Base on what I've read and studied, not to mention how this stock is tanking, mmg is no longer involved with KNSC. That said, I don't know anything for sure :)
From last 10-K...
..."On June 30, 2013, Kenneth Glynn resigned from his positions at Kenergy Scientific, Inc., including President and Chairman of the Board, Ken Moser has simultaneously resigned from the Board of Directors."
http://www.otcmarkets.com/stock/KNSC/quote
Right underneath the pink KNSC tag. lofl
Back from my week long ban, lol. KNSC, SEC Reporting: delinquent.
This stock is nothing more than a flipper. 17 mil bought at .0003; Sell at .0004; $1700 profit, then do it again.
Did I ever mention MMG? And who says MMG and KNSC still has a relationship? Mark this post!
Calm down KNSC pumpers; it was just some general research regarding reverse mergers, which so happens to include the Chinese (KNSC is rumored to be looking into a reverse merger, they moved to China, and they were based in Canada) so don't knock ones research. If it's a "grain of salt" so be it, if it's bigger than that, time will tell. I'll do my DD and you, whomever you may be, do yours...and invest accordingly.
4 days ago...
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370541731661#.U201tvldWSo
Next KNSC news release and no movement, somethings wrong. All this talk about DTC having an effect on this stock is BS.
Will be very interesting...just like last nights draft. 2013 4th quarter income was negative 17 mil, but cash flow was positive 1.6 mil. That said, 2013, 3rd quarter income was negative 1.8 mil so it got worse in 4th quarter for some reason. How they'll turn -17 mil to a positive...
Right. Especially long-term.
While doing my DD of KNSC and reverse mergers, I came across...nevermind, just Google "reverse mergers chinese fraud". Not to scare anyone, just doing research.
SIP- sitting pretty; L2-bid .0047, ask .0070...with no news.
Ut Oh.
ATDF stands for Automated Trading Desk Financials. I don't know if TD Ameritrade uses them or not.
Another one bites the dust.
http://www.otcmarkets.com/stock/CBGI/news/Suspension-of-Trading?id=80205&b=y
I hope all those cheating companies are paying close attention to the SEC and FINRA...they are not tolerating BS.
I've been studying L2; Market Makers are holding KN$C back with their inventory.
http://learn-to-trade.thehotpennystocks.com/market-makers/
The "Ax" is CSTI and ETRF.
https://www.otcbb.com/asp/tradeact_mv.asp?Issue=knsc&searchby=issue&sortby=volume&Month=4-1-2014&view.x=0&view.y=0&downloadname=mv201404.exe
Unchanged four days in a row. I don't know why people are still bidding 4's makes no sense (unless manipulation is going on). To get in at 4, the price will have to drop to .0003
I've made a suggestion to my brokerage firm (TD Ameritrade) support team that they should come up with some sort of signal which would identify whether a company/symbol has a DTC chill. Because as of right now, the only way to know if a company has a "chill" is when placing an order, which is frustrating, especially when one has his/her mind set on a specific security. Anyway, they said they will look into this and then they gave me a free trade.
Also, from another post, KN$C started getting L2 at OTCmarket on May 1. I think every company that was QB but didn't meet the .01 requirement started displaying L2 info.
Stock Transfer Agent - Fidelity Transfer Company's objective is to make certain that your transfer records are proficient, accurate, and time sensitive.
http://www.fidelitytransfer.com/
Also, ARISE CHICKEN! LOL
I predict Tuesday.
You have to keep it a secret and hope you don't lose.
Has there been any mergers in the MJ sector yet? Could this be the 1st? If so, this will be huge news! IMO.
I think, since it's May 1, everything will be sorted out slowly, but I don't know. Hopefully someone will put in an .01 bid this morning.
Just seen a news story that by the end of 2014 China will have become the #1 economy, surpassing the U.S. China is also the #1 producer of hemp. Could KN$C be setting its self up for success?
http://www.cnbc.com/id/101626562
Lol...just had to sprinkle some hype!
Would have been niiiiiice!
Too late to load up. Tomorrows bid/ask will open at .001/.0011
No bid/ask, just price movement, and chart. Price drop to .08 for like 3 seconds.
Anybody with L2 see that drop to .08?
F..K ETrade! Anyone who has level 2 can see etrade manipulating bid/ask, IMO.
2 mil x .14 (I'll round up for the hell of it) = $280,000 for legal fees.
Same here brother, @ .0014
Market cap 120 mil and decreasing. IMO, once the market cap drops down to 1 mil (will happen before May 15), several companies will attempt a hostile takeover.