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Somebody must have gotten former CEO Kenneth P. Glynn's playbook. I Keep seeing the same comments being used here to hype KNSC.
The only revenue is money from SPARX and this loser being hyped by flippers. Today it appears maybe the savvy investors are backing away. Nothing in the 10-Q OR 8-K show me any reason to purchase and hold KNSC.
Gee that sounds a lot like what the former owner said shortly before he did the reverse split. Looks like history repeating itself.
If you bought at 1s and sold at 9s or better, you should be sitting pretty good. I doubt it will get to pennies but if it does, and you're sitting on mils, good for you. As you well know the longs got burned and the flippers made out. I suspect it will happen again.
I did, that's why i'm posting. Call it what you want, the facts speak for themselves. The saying, You can put lipstick on a pig but it's still a pig fits here. Hyping to flip is not my style. If a company has something positive to offer shareholders, I would buy it and push it. This is not the case here. I still hold shares of KNSC but I wouldn't buy any more.
It is the same symbol , same name and same game just different players. Not bitter just telling it like I see it. It wouldn't make any difference what company it was.
I did read the 8-K. I didn't see anything that would lead me to believe there was any value to KNSC. It's a company on paper with no product to sell. So someone in China has an option to buy $40,000 worth of shares at .05 each. He has also been appointed a company officer. How does that translate into added shareholder value ? Doesn't it strike anyone as odd the company address went from New Jersey to Canada now to China.
Sure looks like a shell/manipulation game to me.
Yup and KNSC will gobble up the unwitting's money.
So what's the great news ? Certainly not the 8-K. All I see is continued manipulation. The KNSC symbol is nothing. Tell us where the value is in KNSC.
How many billion shares have been dumped/traded in the last three weeks and where do you suppose they came from ? You're probably right, they won't be dumping any more.
Hang on to your shares long enough and you'll get a ride alright, straight to the bottom. Talk about manipulation. This a classic example of master manipulation. You have a symbol (KNSC) which has no product, no value, keeps changing hands and is being pumped/manipulated by several to flip for a quick buck. Read the latest 10-Q. There is nothing positive in it. It is a rehash of fluff from the previous CEO with a little more added. The history of the symbol speaks for itself and it isn't good.
I'm still waiting for the reverse split that will wipe out what I have left.
Look at the history. KNSC has been a scam from the outset. It's the same thing the previous owner did, nothing but a con game. Read the latest 10-Q, running the same old crap and protected by the Safe Harbor statement.
I didn't see anything about KNSC having assets or revenues. All I have seen is speculation. We all know how that's been working. Any association with SPARX has not increased KNSCs value. In fact unless I read something wrong in your Q&A this guy told you they loaned a million dollars to KNSC. What money do you think they will use to settle with creditors. IMO you are beating a dead horse.
The question that wasn't asked is. What is the status of the pending reverse split ? The answers you did get are very generic just as all previous PRs were. At this point KNSC is just a symbol with no revenue/value. We'll see what the future brings. IMO nothing to the long shareholders.
I went back and read the D 506 filed with the SEC on 8/13/13. What is so exciting about it that people should jump on this stock ? As someone else posted, it's old news. The 10/Q & 10/QA don't look very encouraging so I don't get where you're coming from. The KNSC symbol under the previous owner was just smoke & mirrors. He made money on us dreamers that bought his hype. These new owners basically bought a symbol that had a lot of bad baggage. Now they're trying to unload it. With an RS looming, this will be a tough sell.
If you are referring to the SC 13D filed in September 2013, It means nothing as to the future of this company. This is a U.S. registered company and there no other"filings" with the SEC since the one in Sept. 2013. If these owners are simply posting on their own website, they can post whatever they want and call it what they want. We can choose to believe it or not. IMO they are not posting on this board because what I've seen so far sounds much like the previous owner's tactics. When the RS goes through, many of us will be wiped out anyway.
Based on what I've read so far, I would agree with you. I use TD Ameritrade and I've held this dog from the beginning. There are no SEC filings posted since the 13D. If the new owners are posting things somewhere else, IMO it raises red flags. These owners want us to believe they didn't know about the toxic financing by Kenneth P. Glynn. If they really didn't, they didn't due their DD. The people whom were flipping KNSC did okay but if they held for a big payday, IMO they are in for a rude awakening.
GL to those longs that remain.
Those look like they had something going for them to begin with. KNSC never did. For all the long holders sake I hope you're right. GLTA
Going up after an RS is common. Many share holders get wiped out. In my experience, it doesn't stay up very long sometimes only a matter of hours, then it tanks and doesn't recover. Given the number of shares with this one, the RS will be much more than 100-1. Typical of many pennies. Like in the Kenny Rogers song, You got know when to hold em and know when to fold em. The selling now looks like some that were holding millions of shares are dumping to cut their losses from what may be a wipe out. GLTA that are left.
He bought it and dumped most of it fairly quickly. I can see where shareholders will try to dump rather than lose it all.
I didn't find anything like that on my TD Ameritrade site. The last SEC filing by KNSC is the SC 13D. Myself, BTKV and Veteran trader saw this coming from the beginning. I know it's not Kenneth P. Glynn but the BS is the same just different names. What's left of my shares will disappear after this RS and I will wash this POS off my hands.
LOL, Ya think he bought those 2 shares just so he could run with the big dogs ? Hey VET I couldn't let that one get by. I consider myself lucky, i'm not sitting on millions of shares. I'm just waiting for the RS or chapter 11 to wipe out what I do have. Once burned, twice shy.
Sometimes there's a lot of truth in a joke. I wonder what happened to all the KNSC boosters ? I think the Grinch is visiting this year.
Isn't that just special, 2 shares today !!! It gets better all the time. Maybe they will give us a giant BS PR for Christmas.
That's funny, like standing there waving a red flag. I wonder if the owners are buying each others stock to make it appear there's movement. All these folks holding millions of shares, can write it off next year.
Unless they PR a good line of BS. IMO the more likely scenario is an RS or chapter 11. Either way they can clear their books of current shareholders & reemerge with a new name & symbol. Right now you can't tell if people are trying to bail or accumulate. It appears to be the former looking at the number of shares trading.
Looks like They have Dumped enough shares. So now we can look for the chapter 11 announcement followed by the name & symbol change & wiping out of existing shareholders for a new start or the company just ceases to exist.
After reading what the new owners are PRing, it looks like the same type stuff Ken Glynn put out over the last four years. Anyone that does the research on KNSC then & now can see it. IMO they are milking it & when they change the company name & symbol after a chapter 11 bankruptcy the remaining shareholders will be bagholders.
Well he's dumping his KNSC shares for a reason. We can all speculate as to what it is. All i'm seeing here is people hyping this stock to flip. Thus far the PRs have produced "0". The days & weeks for positive news alluded by the "New owners" are turning into months & excuses. I still hold shares so I'll be watching.
He's not stopping progress that doesn't exist. He's getting out while he can & not being caught in the hype.
At least Mr. TOTO won't be left holding the bag. He's probably laughing all the way to the bank.
Did anyone even read the SC13-D on KNSC ? Gee I wonder why Mr. TOTO is dumping his 515,000,000 shares, HMMMMMM!!!! Ya think we may be getting a new group of bagholders ?
My point exactly. IMO it appears to be the SOS Ken did. Just a different name.
Look back at the history, that's exactly what the previous owner Ken Glynn did & continued the scam a little longer. For someone to buy this company with no viable assets, deep in debt & a disgraced symbol thanks to Ken, IMO looks very suspicious. The proof is in the pudding. Right now it looks like mud.
Some companies when posting financials quarterly or otherwise do show audited to give it legitimacy. In this case given the history of this symbol, I would want it audited. When I see a company that doesn't show audited financials, I wouldnt be investing in it. Flipping maybe but long term no way.I still own shares so I'll keep watching this one but I don't have any good feelings about it. GLTU
It appears everyone is ignoring the fact that none of the financials have been audited as was the case with Kenneth P. Glynn. So I agree it looks like another P&D coming. GLTU
True, this stock/company KNSC has never amounted to anything and it appears the so called NEW owners are following the same path as the previous one. Bullsh..t PRs that never materialize then more BS to suck in the uninformed new investors. the pumpers keep helping the scammers by pumping to flip. Doing it one time when you feel the company really has something to offer is one thing. KNSCs history has shown it to be a scam. IMO that puts the people whom continually pump it in the same catagory as the owners that post the worthless PRs. Without them these scam companies couldn't continue.
Yeah right ! LMAO, I have some Oceanfront property in Arizona & if you buy that, I'll throw the Golden Gate in too.
I seriously doubt that. I was one of the longs in the last scam. Kenneth P. Glynn is a disgraced former attorney who made conning/scamming his new profession. KNSC was/is his tool. If the so called new owners even exist, my bet is Kenneth Glynn still has his fingers in it. The longs will keep it afloat until another Reverse split.
Yup and any longs will go down with the ship. KNSC, gurgle, gurgle, gurgle!!!