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Its not fair to use your brother as an example for KGET. There are so many variables here that your not including. Did your brother secure this loan with money down? Equity in his business? Did he have ZERO money, ZERO assets, and ZERO revenue?
I think simple interest financing is a great way for a business to obtain financing. But you have to get approved for a loan first.
Do you think that KGET could get a million dollar loan based on having virtually nothing or its current state of affairs? How is KGET going to repay this loan? They have nothing to sell. Oh wait, they have shares to sell...oh but there is NO WAY this company will dilute...
Im not an underwriter for small business loans, but from what I see, I cant see a bank or institution giving an exorbent amount of money to a company that has nothing but a patent and no way to pay back one cent of the loan...
I can do more DD until I AM blue in the face....It doesnt change the fact they have no money...
They dont even have the product developed...
They dont have money to develop the product...
What DD is going to change that?
Hey I want this company to start selling millions of units that are going to be on every car and truck to cut emissions, and improve fuel efficiency.
They need money, and ALOT of it. If you can give me another way that this company is going to raise the MAJORITY of the capital needed to fund the business, I would LOVE to hear it. (WITHOUT diluting a single share!)
They can conference call till theyre blue in the face...They still HAVE TO DILUTE to raise money. That is a fact. Not a bash, not a debbie downer attitude, a FACT!
Ok, then what is the plan moving forward to raise capital?
How does a brand new company with a couple of patents, and ZERO money or assets raise money? Alot of people here keep saying that I have to give them a break cause theyre a brand new company, and give them time...
I understand there was this HUGE share reduction, and you people keep touting this like its a great thing, but tell me where the company is getting money without diluting?! Since when does a new company have a way of getting money without issuing shares?
They supposedly just bought a company (GDT) that owns a company (which the name is never mentioned) that has an EBITDA of $1 million (which I still dont believe because no deal has been inked, and no money has been exchanged) with shares of KGET??? Right??
Oh I see now...Kget is going to get ALL the money from this "profitable" company to use to develop their technology! My bad! The company that is making money is giving away all their profits to HOPING to god that KGET becomes the next GREEN company to change the world and be worth a billion dollars! All the while never issuing shares!!
I now see the light!!
Here come the BIG BLOCKS of 500K to drop this down...
But wait, this is such a great stock!! Its going to DA MOON!
Why would anyone drop 500K blocks at .0028 when its worth pennies!!??
Oh thats right, this company at the moment has no legitimate business except for selling stock and raising money to run a business that has no products, no sales, no revenues, and no plans to even build a product to generate revenue!
Can someone give me the companys plan or time line that is in place to develop the technology so they can hire a salesman to at least make a sale!?!?!
Oh, that rights! My BAD. they are in the process of buying other profitable companies rather than focus on their core business.
So back to my original question...why does someone keep dumping shares? (hint: I know the answer...A littele birdie told me)
something tells me it will get filled with no problem!
Those are all very good questions...
How about...How do you plan to raise money without diluting the current share structure? (thats a trick question he he he)
How much money, how many millions of dollars will it take to actually develop your product? I understand you have these wonderful patents, but is there an actual time line to put this technology into a product that can be sold?
If your comapny generates ZERO revenues, how do you plan to pay yourself, your employees, the engineers to develop this wonderful industry changing technology, the rent, the electricity, the property taxes on the facility to delevop and produce this product for the next 1-5 years?
How can you aquire comapnies that make money and are legitimate businesses, when you cant generate a penny of revenue yourself? I understand you pay them in company stock (that is practically worthless), but you have SOOO much to pay for with company stock (see above) how the hell does a legitimate business owner say, OK, Ill take payment for my business and give it over to you, for oh I dont know say 500 MIllion shares of this company that as of this moment, is nothing but a pipe dream?
Speaking of that...
I am having a really hard time finding anything on this Green Day Technologies Co. I cant find a web site, phone# address etc...
Can someone help a brotha out and give me a link. Thanks in advance!
Please also read in this PR that it says that Green Day has "under conntract" a company etc etc...
That doesnt mean anything! That contract could fall through, and not close. And then what does Green Day have? And then what does KGET have?
ummmm....nothing...
See...verbage is everything with pinkies. Nothing here is closed.
Thank you for the wishes! As well to you too!
I think we would get along great. I like people who do good DD and want to make a ton of money. We have a lot in common!
Were all in this together against the crooks at Wall St.
Anytime these 1 M blocks at .0025 can stop if fine by me.
I hope you make a ton of money! Nothing makes me more happy than seeing the little guy win. And if you win I win also!
I am routing for you!
I am not posting opinions, I am posting facts.
You are posting opinions. And you can post all the opinions you want.
I am not fighting with you. I am not sure what you think I am losing to you. I am a stock holder.
If I was a basher, I would be posting things like this POS, or FLUUUUUUSH DOWN THE DRAIN IT GOES.
I have posted nothing of the sorts. Just facts my friend.
Ive read everything the company has put out. Thanks.
Why do you have a problem with me posting facts from the 10-Q?
Or more importantly, why do you not have a problem with other people posting non facts, like, this sell off is tax related? (At best , that is a guess)
I love how you only want posted what makes you happy. If you dont like the post, then ignore it. If this company has big things in store for the new year, then great! I'll believe it when I see the first product built and a sales order written, and the check cashed, and they build more. Until that day Common cents, this is nothing more than a pipe dream.
If they were at least close to getting a product to the market, ok, I could get excited. They have no money, and no way of getting money to even build it! Do you understand that? They are YEARS away from actually producing income! That tells me that the only thing driving this stock price is hype. And thats bad news.
The 10-Q shows EVERYTHING!!!
NO MONEY-NO ASSETS-NO WAY OF MAKING MONEY!!!
And I am not bashing...just posting facts about the company.
Dont thank me for the "cheapies". I had nothing to do with it.
And you are making an assumption that this sell off is end of year tax related. There is no proof of that.
At least I have proof the company is broke and no assets. They came straight from the CEOs mouth!
Umm the company's own 10-Q is my proof to back up my statements.
Wait...now banks are running normally??
You said "all companies". Wouldnt banks fall under all companies?
You said everyone is "in vacation" (which is funny in itself, who goes in vacation lol)
So now there are people working today? please make up your mind before you post your nonsense
Wow, All that talking over the last week you did....BUY BUY BUY! All i see is green! Where are all the haters now that the price is up...BLAH BLAH BLAH.
My favorite quote from you.."Where's the idiots who said I didn't buy this morning??? Care to respond now??? Thought so."
Next time I would advise you to keep your mouth closed and do better DD and research than waste your time here on IHUB talking smack. What did it get you? A few thousand dollars less in your portfolio?
Sorry you took the loss, I never want to see common people like you and me lose money to Wall Street Crooks.
First of all, I spend a few hours at most on this board a day, if at all. So nice exaggeration of the truth (Kind of like your views of KGET going to pennies, a little exaggerated). If you look at my post history you would know the times and amount of my posts, but that would require you to do research, which judging by your research methods on KGET, are a little suspect.
Secondly, I dont scream yelling SCAM. I merely present facts from the 10-Q . Whether or not this is a scam I honestly dont. I hope it is not.
And yes I hold 25K shares .
I have 25K shares, which is nothing...but I am a shareholder none the less.
MY DD IS READING THE COMPANY'S 10-Q!!!!!!!
Is there a better place for me to get information about this company than from the company itself? The company can put put fluff PRs that are leading and exciting, but they cant lie or forecast in the 10-Q...
No Im here to have an intelligent coversation about the future of our company! Im here because Im sick of the constant babble of pennyland, and manipulation, and to da moon.
I see people posting and reposting fluffed up PRs with no substance. The promises of future events, but everything is worded, "if we close one contract" and so on and so forth...
No one talks about company fundamentals...why is that? Thats a pretty important thing in my eyes...Is it important for you Nic?
Ok, so KGET looks like it has two employees on its payroll, both making 60K a year. How are these two employees getting paid $120,000 in 2014 with no revenue coming in?
Also keep in mind that not one cent of revenue has come in since the inception of the company.
And remember, we have seen no money from the Green Tech merger, and there is nothing inked in the books of revenue coming in. There are "TALKS" of money coming in, but nothing hitting their bank accounts.
Hey Dig
Can you explain what this means?
"They don't need to see shares to make mine "
Not being a smart ass, just dont understand?!
There really are no haters on this board.
You have a couple of people who took the time to go through the 10-Q and realize thats the company has ZERO money, ZERO assets, and ZERO financing to build their break though technology that is supposedly going to revolutionize an industry.
They are in the business right now of selling worthless paper.
And dont come back and tell me they just retired 1B shares. I know. It doesnt mean anything. They need to sell shares to have revenue! What? They have a money tree? Oh snap! Why didnt you just say that. Now there wont be any dilution! My bad.
They have to dilute to keep the company running.
So no hate here. Just facts! And if you dont like the facts, it doesnt mean you hate, its just the position of the company as it sits RIGHT NOW!
Whats there to love? Only facts please...
I dont see your 500K buy yet. There are 1 M for sale at .0035
Lets go! Oh wait...I forgot...youre full of sht!
My bad
We know, thanks for the honesty...
DID4SLVR...Please go on the Kleangas web site and look at the balance sheet. ANYTHING is good for that balance sheet. Its dismal!
If this goes to .03-.05 I will get on a plane , fly to your house, take you out for a steak dinner, and personally apologize for being wrong! YOu have my word. And I work for Bobcat, just a blue collar guy, not a basher.
I get it, theyre a start up company...
They cant bring their own technology to market. They cant even build the machinery needed to produce this technolgy. Which I would imagine is in the tens of millions...
they are reducing their share count for what reason?
oh wait, I get it now...they have all the money they need because they own a company that owns a company that has an EBITDA of 1Millions dollars!!! I see! And here I thought this was a scam! My bad everette! Youve been right all this time!
TO DA MOON!
BACK UP THE TRUCK!! IM LOADIN UP!
WOOT WOOT ALL ABOOOOOARD! MONEY TRAIN IS LEAVING THE STATION!!
everett,
Do you notice something in this PR that is really fishy? Lets start shall we?
"Also with the pending Bio Mass pellet contracts all we have to do is finalize one of those contracts" continued Mr. Linton, "and KGET can expect to see up to a 50% growth in revenue and an increase of at least 20% growth in gross profit."
If they dont finalize one contract, they have ZERO, which is what they have now. That is a fluff statement to make it look like there is something there in the future.
Green Day technologies...Do they even have a website? I cant find them anywhere on the internet...INTERESTING!
Notice that no where in what you posted, there is no exchange of cash, ANYWHERE! All these companies are doing is exchanging worhtless paper stock back and forth is a seemingly expansive aquisition that is making everyone money. But there is no money!
Again, why would a company that has an EBITDA of over 1 M get aquired by a company with nothing? NO revenue, NO assets, NO cash?
It doesnt exist everette! Im sorry.
My life is actually really good thanks for the concern...
If the company is reducing a BILLION shares golfboy, but their only source of income is issuing shares for revenue, how do you expect them to execute and pay for this extraordinary business plan?
They have ZERO money and ZERO revenue and ZERO assets...
PLease answer that question.
Uh oh Joe...becareful with that "S" word. I got yelled at and called a basher because I eluded to the fact that this is probably a scam. I got berated with posts from people with 20 years experience in pennies saying I dont know my head from my ass because Im questioning the legitimacy of the companys BS.
I know most of the posters here are pumpers. And thats fine. I just come here for the entertainment.
No its not a slow day in the market. The market is rockin!
You know what is having a slow miserable run...KGET. Because there is nothing to drive this stock.
I have a question for all you KGET band wagoners. If the company cancelled 1 Billion shares, but its sole source of income and funding to keep the rent paid, electricity on, and CEO and employees paid is issuing stock, what do you think they will do for money?
Wait! I know the answer. They will sell this amazing technology!!!
Umm problem it is unmarketable in its current form because they dont have the money to create the machinery/tools to make this great technology happen!
Oh what a conundrum!!
Sooo what you're telling me is that you don't know. Thanks
Thanks for praising a company thats going to the moon, and you cant name one company that is interested in financing them.
Thats all I wanted you to say. Im done with you.
I understand using the companys stock as payment as capital. But when the stock is worthless, we have a problem. And can me and you agree that as of right now, based on current earnings and assets (and not potential earnings because those dont exist as of right now) that this company's stock is virtually worthless? So they are exchanging worthless paper for legitimate companies? hmmm. OK if you say so...
And I never said SCAM, but thank you for putting words into my mouth. I would appreciate the courtesy of quoting me correctly. You seem like an intelligent person. I have given my reasons for questioning this company, and they are hardly that of a basher.
What puzzles me the most now after reading your email, is you of 20 years experience with pennies, how you can possibly tell me that this doesnt follow the classic pump and dump scheme that we see everyday in the otc and pinks?
Thank you for the education. It was a good review of what I already knew.
Almost as funny as you investing your time to make investors money with your posts.
The names of the companies that are interested in financing KGETs technology please???
Anytime youre ready Trustedpicks, Im listening.
Hey Jack,
Just doing some DD that not alot of people seem to be doing here Thats all.
I love how everyone thinks that someone with an alternate opinion of their beloved company is an enemy. I am a shareholder, and I have the right to question the legitamacy of my CEO and statements made on the companies behalf. And I am calling bullsht on this company trying to aquire other compamies with ZERO money in the bank, and Zero assets.
If you have a problem with that, thats fine. But this is a message board where information is exchanged, good or bad. If you would rather me say things like "TO DA MOON" and "BACK UP THE TRUCK", I think there are enough pumpers here to do that.
I asked you for the names of the companies that are interested in financing KGet technology?
I am looking for facts. I am trying to have an intelligent conversation with you. If you dont want to answer my questions calling you out on statements you are making, thats fine. But YOU look like a PUMPER doing that.
Just because I am not putting KGET in a positive light doesnt mean that I am bashing. Just two intelligent people trying to get to the bottom of some shady PRs and a plummeting stock price
So, the names of those comapnies please?
The time of the year has nothing to do with it. This is a PR fluff stock. They have no revenues. No product. A couple of employees. Just a technology demonstration on a youtube video thats 5 years old.
Keep your money and invest in a stock worth your hard earned dollars.
YOu are one of the funniest DIG! You are killing me today! My stomach hurts Woooo!
Well 600K at .0041 for sale. Must be someone giving up some shares because its such a great company with great potential! LMAO
Get your mouse ready for that buy in the 003s.
I love how people here are genuinely shocked and disappointed that a sub penny stock trading on the pinks is manipulated and run into the ground! Like this is the first time this has ever happened! LOL
You guys are killing me today! I have laughed a bunch at your posts today...esp the "unbelievable!" or, " this is crazy" thanks, I needed that.
Here come the .003s...get ready for some more "UNBELIEVABLE"! Lmao