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I'm sure Ken is still holding the bulk of the shares & they are no longer restricted. Read the last 8-K it says a lot about how this stock has been manipulated to the detriment of long term shareholders. When it started trading as KNSCD, it was around .08, look where it is now. Ken could be dumping shares because they were worthless when he took them. Selling 6 or seven million over time at .04 to .08 is a pretty good payday. I hope you didn't pay .05 or .06 because if this companies history is an indication of it's future, you can write off your loss next year. GLTU
The D was added because this was a reverse split. Different letters at the back of a symbol are used to signify different changes. When the change is complete the extra letter is usually dropped within a week.
Why not, once the R/S is complete & your shares converted, you can dump as many as you want. It doesn't matter if it's KNSC or KNSCD. I believe the diluting was done prior to the R/S, That's why you don't see as many shares moving now. During the R/S and until our shares converted, we couldn't buy or sell KNSC. However you could buy & sell KNSCD. Until the D is dropped, anytime you type in KNSC, it will come up as KNSCD. The shares you now hold as KNSCD will at some point become KNSC. I find it strange that the D is still there, it is usually dropped within a week after the R/S is complete.
Don't wear out your arm & don't hold too long or you'll be where the rest of us are only with a LARGER LOSS.
Are they using Latex or Oil base ? LOL
I didn't find Bruce Knef in KNSC. He was listed as president of SSWC in 2008. When you look at KNSCD, it goes back to 2008 when it was SSWC.
I just went in & looked at the 10-Q filed on 5/24/2011. for this company, it doesn't look good. Most people reading it wouldn't buy into it. I'm holding what I have left from the R/S but I won't buy any more.
I don't know, I haven't looked at the SEC filings in a while but I suspect Knef & probably the other person have been in this all along. You may be looking at old information because Knef & the other person were involved in SSWC in 2008 & Knef was listed as president. Sometime in 2009 supposedly they were no longer involved with the operation of SSWC. They both held a large number of shares but not enough to control it. Go into KNSCD & click on SEC filings, you should be able to see everything beginning with the most recent & going back to the beginning of SSWC now KNSCD.
Hmmmmm.... No trading today. Could be they're about to drop the D from the symbol.
Go back through the history of KNSC formerly SSWC & you will see Bruce Knefs' role. He was part of SSWC along with another person & Ken Glynn. Glynn supposedly bought them out with shares of SSWC and he retained the controlling number of shares. I believe Knef & the other party still hold a large number of shares or did prior to the R/S. They could have been the ones diluting the crap out of it. Look in the SEC filings, that's where I get a lot of information.
Right on BKTV. Veteran Trader goes into more detail tham most it's well done & accurate. Anyone that does research can see that.
A novice investor wouldn't clue.
The D should have dropped when the R/S was complete. By now it should be KNSC. This would lead one to believe leaving the D is intentional to make new investors whom don't or don't know how to research this company, think it is a HOT NEW stock & jump on it. If that is the case, it follows the pattern of this ONE MAN company over the past plus year. Those of us whom have been here all this time are well aware. As in all penny stocks whether it is posted or not. BUYER BEWARE (Cavet Emptor). Don't bet more than you can afford to lose.
Pennymachine, It's pretty obvious you're a pumper. We all know it and are busting your chops because you are helping Ken to SCREW the people whom buy & hold again. By the way, I am holding shares, what I have left from the R/S.
You sound like a pumper and dumper. We all know when a CEO doubles the number of available shares, sells some then pulls a reverse split, it would certainly cause one to question their integrity. We also know that usually a reverse split means a company is ready to go belly up. History shows that companies that exhibit this behavior; 1: Don't survive or 2: Never grow. If I get my investment back, I'll say good bye & good riddance to this company.
You sound like some of the people whom were pumping & probably dumping before the R/S. I am probably the longest with this company. I've been following it since it's inception & I got burned by it. Veteran Trader has put the facts about this CEO & company in very clear perspective. The history of this company speaks for itself. Go back & read some of my earlier posts & you'll call them slanderous too. When they're borne out by the performance or lack thereof, they're not slander. Most of the people on this board have read the PRs put out by this CEO & agree that the only thing Ken kept his word on was the R/S & it happened much sooner than anyone expected. When I spoke with Ken early last year & asked him about the R/S he said at least 2 years if at all. Later he revised it to within 2 years & it happened shortly thereafter. We bought into the PRs & mmany people invested. Then excuses flowed as to why nothing was happening & we became discouraged & disgusted. As for the website, I agree it is well done. How many of the products are actually his & not purchased from from other companies? I'm still watching & waiting hoping for a miracle.
Ideally yes but realistically, listen closely and you will hear a flushing sound. It'll be the rest of our money going down the toilet that this company is. Don't bet any more than you can afford to lose.
Ken is doing the same thing that many of the penny stock CEOs do, have done for years & will continue to do. The SEC can't do anything because what these CEOs do is legal. It is obviously more profitable and less risky to LIE, CHEAT & SCAM as a CEO than as a Lawyer. The powers that be in this country turn a blind eye to Moral & Ethical corruption as evidenced by our politicians & courts on a daily basis. Corruption is fast becoming a way of life for many professions. When politicians or others in a position of power get caught cheating, lying & stealing our money, It's an honest mistake. For anyone else, it's a crime. " Power corrupts", "Absolute power corrupts absolutely". In this case, those whom flipped & got out did well. Those of us whom stayed got burned. GOOD LUCK TO YOU ALL
Great job VETERANTRADER. This can't be hammered enough. It's good you have the time & patience to bring this out. The people whom were PUMPING/PIMPING this stock are silent now. I think they made their money & got the hell out of DODGE. I doubt you will see them pumping or defending KEN'S antics anytime soon.
I see this POS is heading south quicker than I thought it would. Maybe prospective new shareholders/suckers are smarter than Ken would give them credit for. This KNSCD formerly SSWC is following the same pattern as it's parent IVOC now IVOI which is virtually worthless & never gets past .0002 yet is still trading. Ken will milk this as long as people are buying & then switch names and or symbol or go belly up & start a new company. This conduct is very prevalent in penny land. Over the years I've seen companies go belly up only to see the same people open another company & do it all over again. Sadly, it's legal but neither ethical or morally right.
To add insult to injury, it cost me $20.00 for the R/S. THANKS AGAIN KEN! My guess is the New Jersey Bar Association had something to do with your "Retirement". You would fit right in with today's politicians with their mentality of lying, cheating & scamming the public. Your next logical move should be RUN FOR OFFICE, You're highly qualified.
Mine now shows as KNSCD & it shows the new amount of shares. It should revert back to KNSC pretty soon. Hey Ken THANKS FOR SCREWING YOUR SHAREHOLDERS WHOM trusted your lies. I hope the SEC puts you out of business.
I can't believe it is taking this long to complete the R/S. My other stock did it in a week. Meanwhile our shares are tied up while Ken goes along selling KNSCD like it's a different company sucking in people who don't know any better. It would serve him right if his SCAM company gets shut down by the Securities and Exchange Commission.
Maybe you were not here last year when a similar scenario took place. STORE OPENING IN FLEMINGTON MALL JULY 2010. As the date drew near it was delayed, will open in November, well it never did open. There is a saying that goes, If you can't dazzle them with BRILLIANCE, bury them in BULLSHIT, well we've been getting buried for approximately a year. A company that is on the up & up does not announce a reverse split to happen within 2 years, then double the amount of shares for sale & pull the reverse split within a month. That's called SCAMMING the shareholders. Unfortunately what they do is legal. Ethics & Morals are not part of their vocabulary. There were many things that this CEO touted as big money makers. The only thing that did come to be is the REVERSE SPLIT screwing all the people whom believed this CEO. After all he was a lawyer, He is no longer a lawyer for a reason, Lawyer, Liar, there's a fine line. Read the post from VETERAN TRADER, it is very accurate & well done.
Probably the same Bullshit as last year about this time. The July opening will be delayed until November because Bla,Bla,Bla but it's going to happen. YEA RIGHT! Pigs are are gonna fly and we're gonna build a housing complex on the moon. If bullshit were gold, Ken would be Fort Knox.
You can't sell until the R/S is complete and the symbol reverts back to KNSC. I would guess sometime this week as there has been no trading on either symbol & I haven't seen a conversion showing the share change yet. For a while you were able to buy and sell KNSCD and I suspect some new people got suckered because they didn't know about the R/S & thought KNSCD was a HOT NEW GREEN stock. GLTA
Good for you! You were smarter than some of us including me on this one.
No trading of KNSCD today may be the R/S is done & it will revert back to KNSC. I think many people's shares will get completely wiped out.
Most of the laws are written by lawyers and do you think they would write a law they couldn't break. Ken is a former attorney. In one of the PRs it said retired attorney. You're right, attorneys know where the loopholes are.
apparently this is the year for Reverse splits. Another of my stocks which happens to be a spinoff from the same company SSWC now KNSC/KNSCD came from is doing a 1,811 to 1 R/S effectively wiping out my shares. This is a money maker for these individuals because the majority of these companies are one person companies, probably working out of their garage or basement. IVOC now IVOI was the parent of both. All of the spinoffs as well as the parent are now non existent or virtually worthless. So goes the world of penny stocks. The most sucessful folks buy it flip it & leave it before they lose it. GLTA
They take their sweet time completing the R/S. Meanwhile the KNSC symbol is locked up, you can't trade it. Ken is trading under the KNSD symbol, sucking in newbies thinking this a new GREEN HOT stock. In about a week your shares should convert to the 800 to 1 R/S so a million shares will be 1250 at maybe .06. Let's see $75.00 hmmm, enough to pay your broker & maybe get a twelve pack.GLTA
There are many ways these pinkies can be manipulated by the companies. I think the term Legal Thievary has already been coined.
I've been with Ameritrade for several years. they have a set fee per trade no matter how much you purchase.
The few shares you will have after the R/S is complete will be whatever it is trading at then. Try and sell your KNSC shares at .08, it won't let you.Divide your shares by 800, then maybe you can sell what you have as KNSCD. You might get enough to pay your broker fee.
The new ticker KNSCD is because the Reverse Split is in progress. When it is done, the ticker will revert back to KNSC.
It could be Ken or one of his buddies trying to make it look like a hot stock or it could a newby that didn't do DD. Remember now this is trading under KNSCD. A new investor may not realize this is KNSC in the middle of a Reverse split. To a newby, this would appear to be a new stock.
Most thought it would be later rather than sooner. My experience told me different. I had expected the R/S to be much larger. Ken probably backed off a little due to the extensive criticism. Note the chart today appears as though KNSC is trading at 6 & 7 cents. Well try to sell your KNSC shares at 6 or 7 cents & see what happens, you can't because it's in transition. Another deception. When I spoke out about what was happening, I was called a BASHER or trying to save everyone. Well I call it like I see it & try to learn from my mistakes. We all got the same letter, I interpreted it to mean, I'm sticking it to the shareholders because I can, I control the stock & I am all of the company officers rolled into one. Ken is slick enough to run for political office & get elected.
Your 1000000 shares will soon become 1250 shares due to Ken Glynn's 800 to 1 Reverse split and they will be just as worthless as they are now. Welcome to the world of Pinkies/Penny stocks. KNSC will trade as KNSCD until the reverse split is completed. GLTU
Don't beat yourself up, most of us had faith in Ken at one time or another. I said early on either he is genuine or one of the Best Snake Oil Salesmen ever. I'm usually pretty good at spotting CONS but even I get TAKEN. Trust your GUT, if something doesn't seem right, pay attention & look deeper. Learn from your mistakes or you will repeat them. The FLIPPERS made out & I can't condemn them, I should have been flipping, Hindsight is always 20/20. GOOD LUCK TO ALL!
There won't be any trading on the KNSC symbol until the R/S is complete however you may see trading on the KNSCD symbol. I have another stock that is doing the same thing, (I sure can pick some losers). If you have KNSC in to sell,the order gets cancelled when the R/S begins.