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WHY SHIONG WOULDN'T TOSS OUT THE KEYON SHELL:
Here is an article for those who might be struggling with a few posts this afternoon.
Every company that goes public believes it will grow and increase its share value. Often, companies run into trouble; they can run out of funding, have production problems, distribution problems, management/employee problems, lawsuits, etc. So what happens when a public company goes “out of business”? Good question.
In many cases, these defunct companies maintain their public trading status and become “shell” companies. They generally have no business operations, little if any assets and trade for pennies. Some people think that these companies are worth a lot of money. Why? Because private companies that want to become public can purchase control of the shell in order to become public itself. It works like this: a fictitious HiTech Corp. goes public at $20.00 per share but several months or years later, runs into trouble and then closes down its business.
Although the company no longer has any operating business or any assets, the remaining officers and directors decide to maintain the trading status. The stock continues to trade sporadically at pennies per share. Along comes fictitious Genetic Biotech Corp.
Genetic Biotech Corp. wants to go public but can’t find an underwriter to raise capital for the high risk business, and it doesn’t want to wait the six to nine months it often takes to go public through a Direct Public Offering. Genetic Biotech Corp. needs to raise additional capital, wants to conduct mergers and acquisitions, needs to provide stock option incentives to their employees and wants to provide their existing private placement investors with some liquidity – so they want to go public.
The officers and directors of Genetic Biotech Corp. have heard some benefits of doing a reverse merger with a public shell company. They ask around and find that HiTech Corp. closed down its operations and have a bunch of angry stockholders who originally bought stock in their IPO at $20.00 per share…and it’s now trading for just a few pennies.
HitTech Corp. management knows that their shell company is worth a lot to Gentic Biotech Corp, so they offer to sell majority control of their company. And, it only costs $500,000 plus a few million dollars worth of stock! What a bargain!
The two companies retain lawyers and they consummate a merger transaction whereby the officers, directors and shareholders of Genetic Biotech Corp. take control of HiTech Corp. The remaining officers and directors of HiTech Corp. resign and the Genetic Biotech people take over. After the merger, the public shareholders of HiTech Corp. own stock in Genetic Biotech. The public company’s name is then changed to Genetic Biotech and wholla! Genetic Biotech is now public!
What is unique here is that Shiong owns this shell, built an awesome private company that would make sense to take public. The risk of not knowing what is in the shadows of the shell is not relevant because Shiong ran Keyon! And at the very least, this shell has value and would never be thrown in the trash!
Look at post #840 for link
Here man...Compensation: OTCBBJournal HAS NOT been compensated for the mention of KEYO. - See more at: http://stockpromoters.com/View-Promotions-By-Promoter.aspx?promoter=otcbb&x=0&y=0#sthash.OJ5R49AT.dpuf
Hey...you never got back to me
Oh I know, too bad I'm not daddy warbucks or I would buy some big blocks. I've got enough cards to play though and I'm holding them tight.
I've sat on the bid for hours before only to end up hitting the ask, just how it works around here.
and we're back to HOD
Absolutely, people who do their homework are...gonna...get...paid
Exposure is the key to volume, but I'd hate to fill this place with ridiculous flippers. Just lock those shares down, because they are gonna get scarce real quick.
I'm with you brother, I've been digging and digging, no red flags yet. This is completely Shiong's style too. He stays on the DL and then BAM, he shocks you.
Ruby' is a dying brand IMO...it's going more casual dining, customizable choices, made fresh...Ruby's quality has gone way down hill
NantHealth is following me on twitter now
KEYO - Reverse Merger with Billion Dollar Company?
KEYO - Could Revolutionize Healthcare
Pffft, I bet it's unreal...they are providing flex grids for iphone 4 and 5's. They are a semiconductor company, so if you think about the Larry King interview and Shiong talking about building semiconductors for machine vision...that's where I believe the semiconductors that power it come from.
You grabbed Zina's interest...I bet she is digging now...bet she'd love to break the story.
I'm with you there...the other thing I think about is that Shiong paid 20 Mill to own this. He's not a foolish man and I would say he's going to be looking for value for his money. 50 Million shares, 20 million worth of value to make his investment break even, that is a minimum $.40/Share assuming the whole A/S is distributed.
haha...bid keeps creeping up as people have no luck buying on the bid...only the very patient...
Tanking in preparation for the run, BUY SIGNAL
Wish I could see the face of those..that..sold
I still say anything under a nickel..is..a..bargain
CANNOT WAIT FOR NEXT FILING
KEYO Who is Patrick Soon-Shiong and Tom Wittenschlaeger???
KEYO - Secret Reverse Merger???
KEYO - Who is Patrick Soon-Shiong?
KEYO - Secret Reverse Merger?
Check it out, I know I heard about this, but these subsidiaries are registered according to the 10-K:
Airmed Biopharma Limited, Dublin, Ireland. Incorporated in Ireland in March 2014. Set up to qualify for tax incentives for Irish holding/headquartered companies, and to benefit from the network of double tax treaties that reduce withholding taxes.
Airmed Holdings Limited, an Irish company domiciled in Bermuda. Incorporated in Bermuda in March 2014. Set up to manage international distribution.
That's right, he was only listed as consultant before...this is great news.
Welcome to the secret party
KEYO...shhhh
Runner Runner
On Balance Volume shows 10 million share accumulation for the last 3 months.
What would one typically see in a misc. action filing?
It's getting ugly here...like a bunch of manic-depressives
He's got a huge piece of the Artificial Intelligence puzzle. Spatial recognition for robots. The man knows no bounds, he wants to build empathetic robots and believes he can do it.
That's what threw me off...I read that article, but it said 10 mill for a "stake" in Raptor. The linkedin is much clearer, stated Tom divested interest.
Yup, correct...says he divested interest in Raptor to an investment group focused on transformational healthcare...nice.
That's what I was trying to find. I wanted to know if the assets had been sold, which I had assumed they had. It would make no sense to hold a broadband network you aren't operating. I knew that Shiong had a stake in Raptor Networks, but didn't know he bought it all. Do you have a source for that info? I was assuming that Tom still held control of Raptor, but Shiong just wanted to bankroll it to develop it more. Watching his interview with Larry King, it appears that the Raptor Network Tech plays an integral part in Shiong's ventures, intuitively speaking.
Understanding that this is just a shell with no assets just reinforces our position that this is a reverse merger at the hands of Shiong and Wittenschlaeger.
The Pros and Cons of a Reverse Merger:
http://www.investopedia.com/articles/stocks/09/introduction-reverse-mergers.asp
The biggest risks in reverse mergers is the unknowns about the shell's books and other "black marks", the possibility of reverse stock splits because typically shells are failed companies that have expanded their share structure in an attempt to create convertible debt financing, and the risk of the private company's management not being experienced in operating a public company.
Why do we believe this shell is being reinstated for a reverse merger? It makes perfect sense to bring nantworks public with so much investor interest and groundwork already done. It will provide liquidity and provide the heavy hitter investors with an exit strategy if they don't like what they see. The owner of the shell owns the private company that may be going public.
The details of the shell are known because it's a previously operated company by current management.
The share structure is small so the risk of reverse split is nil.
The president is experienced in SEC reporting and restructuring deals.
THIS IS THE PERFECT STORM...SHIONG IS A VISIONARY...IMO