Only the MMs can naked short sell.
Nothing to do with this, you still have shares, but...
Whenever you are dealing with a split stock you have to do your trade over the phone, period. Your broker will not charge you the ordinary phone-assist brokerage fee because the stock is "D'd".
They will look up the conversion data and tell you what you can order.
I have reason to belive this merger has something to do with NantWorks. Do your DD...tell me what you think.
I picked up some out of the gutter today, fwiw.

Here I'm citing:

>>If a new investor agrees to invest only on the condition that the convertible note holders waive some, or all, of their rights, your original investors are between a rock and a hard place. They are faced with the decision of giving up all those financial benefits that you had promised them, coming up with additional money themselves, or let the company crater<<

http://www.andrew.cmu.edu/user/fd0n/27%20Convertible%20Notes.htm

Thank you, that's fine.
If you got that recently, that's what I was wondering.
I assume the first 1MM draw was to pay the cash balance for Masters.
But usually when bridge financing runs out (in this case previous note holders) the new equity investor (TGA) might use it's leverage to make the bridge financier forego it's interest payments as part of it's terms to lend the money. This is what the "500K gain" would suggest....see how they word things!
In reality, that news piece was not the great news it sounded like.
But, 4MM in financing is just what §NELF needs. They are going to have to produce some sizable results to satisfy the creditors and still return enough cash to the bottom line to make this stock move over the $1 mark. But you have to do your DD to learn who you are dealing with and their background....it means EVERYTHING! Especially in penny stocks.
I got a ton of this.....still buying....§§

§ BINGO aframe!!!!!! §

EDGAR: Companies with names matching "KEYON"
Below is THIS stock Even though it says NV it is DE registered:

Click on CIK to view company filings
Items 1 - 2
CIK Company State/Country
0001335294 KeyOn Communications Holdings Inc.
SIC: 4899 - COMMUNICATION SERVICES, NEC
formerly: GRANT ENTERPRISES INC. (filings through 2007-07-31)
NV
Below is the the sub to merge with Nant which is the subject of discussion which people assumed was the Holdings Shell when the panic set in:

0001314017 Keyon Communications Inc NV

The CIK is a tax-related # and every CORPORATION has one regardless of whether they have PT stock or not.
We know which CIK is which.

If he weren't for the issue, I doubt he'd be posting so thoroughly... perhaps thank him, instead;) Especially if you don't know who Tom is...FIM!
I still think we are the minority shareholders because the stock Shiong trades for Nant stock is the shell stock. There is no KeyOn Comm (NV) stock. It's the shell co that he has to have 80% of.

Yea, that's what I was thinking.
If it's going to be that long, it had better be semi-annual!

YES! It's definitely nice to see a pot stock move up steady. Sick of the 60%up/40%down stuff. I do expect a retracement, though, the next few days. Unless there is some catalyst, then another day up on more volume would be splendid! I'll keep adding.

Actually, from the explanation you posted it looks like the minority shareholders of either KeyOn Comm, INC (KeyOn LLC became Comm Inc in the KeyOn/CommX merger, right?) of which there are none OR Nant of which there is no maj shareholder. The info I was looking at suggested it was the minority shareholders of the shell company were eliminated. That's what made sense to me because it meant that we would not be left with shares. And wouldn't Nant be left as NantINC, not an LLC still?
Even if nothing happens I'm convinced the Dr would not leave his recoverable equity in this shell. Just knowing he has the 80% would make me take a position in it! But there is still only 50MM shares being fought over. It explains the trading.

"and eliminating any minority shareholders in the target."
That's US, right? Nobody is addressing this, so please correct me if I'm just stupid. Minority shareholders are left cashed-out if it is stock-for-cash, correct?
And I do believe we would have the PR within 4 days of DE SOS filing. But Nant shareholders get stock in new PT company, Nant keeps all it's non-transferables and IP and the co gets the enormous tax benefits. And Shiong doesn't have to talk to Wall St. Brilliant. When the merger PR hits we'll know where the stock is going from the conversion figures.

Kgs68: Would you please post the email?
I was told by end of May back in March!
Thank you, and you, too, gold!
...6weeeksgrumblegrumble...

§ This is strong...REAL Strong! §

§ Great day §EAPH!!! §

CHECK IT!!!! §NEOMD

Yea, and am I now to assume these 5 or 6 posters are just paid pump-gleamers? because I recognize them from some of the MJ boards and I'll call them out there!

Right-on RS! The shell in a RTM must be squeaky-clean!
How about the 4 days from merger to notify part?
And is it a cash or equity deal? I assume the minority shareholders would be left cashed-out? And taxable?
Some comment on what the shell's minority shareholders (us) are left with would be appreciated.
FWIW, my shares are locked until the final rinse!

Thank you, gold. Just someone personally looking into the offices means alot! I don't expect DF will be there, good luck.

I found this link to be the most helpful understanding RTMs:

http://securities-law-blog.com/tag/ipo-or-dpo/

Some interesting things to read regarding shell holder's equity post-closing.

APP fetched 5.6BB....
I agree, taking LLC public is not generally possible. But, that is from an underwriters perspective, which Shiong needen't be concerned with. Investment community is chomping at the bit for a piece of this boy, as we can see here! And isn't Nant a DE co? DE is the easiest state to LLC=>IPO from. But yes, generally a prohibitive tax burden and ridiculous notion.

So if a RTM is happening then Nant is already a subsidiary of KeyOn Holdings and we are trading Nant as we...er...write?
(Just kinda wet my pants)
Bottom line is this is a shell controlled by Shiong and probably enough of an asset to position in, no?
Wow, I do hope all of you who poured everything into this get your due! Enjoy your island.
§

Hey gold standard, you go knock on the door, yet?

This has got to be the biggest
circle-jerk twilight zone cockamamie pile of horseshit stock I ever stepped foot on!
Bob: "The steady stream of relevant information and liquid transparency they've created through strategic shareholder value progress makes it a clear winner for me!" YANK-YANK
Bill: "That's right, Bob! And I love the synergistic partnership of flamboyant non-progressives and capitol bendovers. So refreshing!" YANK-YANK

Ugh, get this off me!

I hadn't looked into this issue until Friday morning 9:15ET. I read through some posts to find out why it dropped and thought, "The bottom fishers got spooked! How marvelous! Let's bottom play the bottom play!" So that went as it did and a quick flip was done. Then, later, I did a little digging into the whole charade a bit more. First thing I saw on the Edgar search were the two CIKs, 0001314017 & 0001335294. Which one are we talking about? I r-eread some posts, checked the filings AND the link to Shiong's CIK, 0001189020. Hmmmmm? Re-read some posts, primarily MR CAPS's(WHO CARES!)..anyway, I thought if the info was accurate, an unintentionally indirect question was meet with an astutely direct response, "No, KEYON Communications, Inc. has been dissolved". BTW, did anyone check with NV SOS to verify the reinstate=>dissolve assertion? I don't think so!
So I think y'all have a scent but it's not the an-mal ya think. Consider this:

Why would a man who could underwrite his own IPO 10 times over R/M into a shell for some measly NOLs?
Is this what you would do with your 30 years of work?
50MM in NOLs vs. 7.5BB in an IPO?

I think a merger is at hand here...I think it is for the NOLs, among other things...I don't think it involves NantWhatever. That's his baby, 30 years, he's not giving it to you and me!
There is a couple other entities that tie into this NantIverse, I believe. I fished for a portion Friday after the party here. Lets see what happens there tomorrow;) I'll lock up these freebies just in case...who knows?
§

ps - To those who are crying 'foul, my poor 'wittle boo boo'...
remember, YOU sat down at this poker table... and, some people might, just now, be recovering from 2K! Blessings to all.

§ Ditto. Riding on free shares, now! §

"Huge buy knocks MM on hiss @ss!"

And that 100K ask is mighty orange!

Look at this little girl hop!

Even our sister is slow today.
Stoner Friday

How long does a shell take to dissolve...
...in the ocean?
It can only stop trading if delisted, hint-hint!

This will blow .04 on the next news
Are you in?

§ 72 best I could do! §

In the spirit of the board, all of today's after-tax proceeds will be donated to help cannabinoids become the world's greatest medicine. I've felt your pain§

.0074 - .015 in 10 minutes, that's why!
Out§

§ BEST BOTTOM PLAY OF THE DAY HERE!!! §

§ Keep feeding them to me! §

sleeping-in....

§ In at .0055 for a sweet ride! §

§ I smell a condor... §

No, then you'll be able to afford two!

I'll say I believe things are going to come together and NLEF will leave all this AND the OTC behind.
But, it IS almost June and we still have no 10K for 2013, no Q1 numbers and no evidence of anything hitting the bottom line. I've seen many a company use their share base only as a means to pay for acquisitions and assets and make large sums of money vanish before it becomes net income. I hope thats not the case here.
If you're whining about getting burned on P&Ds, you need to learn more about the game you are playing.
Some screwy volume and a clump of board posts can only mean news is on it's way! Hold tight peeps!
§

Nice move. Making a little pre-news volume, perhaps.