Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Any chance Cantor Fitzgerald could be involved here? Normally i'd expect an IPO from someone that high profile....but with the uncertainty of the markets lately, perhaps he will RM one of his companies? I believe he was going to IPO one of his companies a few years back but withdrew the IPO for some reason or other.....saying they'd do another registration at a later date. WOW....if this is the Cantor Fitzgerald.....watch out this cold be a $10 stock or more!
This post by prophetable is worth a 2nd look with what we know now....http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115041229 no doubt a reverse merger is coming....
At what time did IFIXQ halt/ stop trading today?
I believe that the massive volume is what made the SEC look at IFIXQ. A sell of the shell/reverse merger can still be approved by the court and a temporary suspension may be easily mended by the new company/shell buyer providing updated filings with the SEC of the merger etc. Your 5k is not lost yet there is still hope. I actually did not buy as much as I wanted unfortunately.
No, common shares would not have been cancelled. Note that this only applies to convertible debt instruments. In bankruptcy, the debt is wiped clean. The sale of the shell is sold under bankruptcy 362 and the shell includes convertible preferred stock (notice it states with the exception of convertible preferred stock) as well as common shares. Equity goes with the shell.
"It's typically good to understand the entire process vs just a part of it". I agree......and if you actually took time to do that perhaps you would be able to comprehend and follow this simple conversation. You keep making the same redundant statements I have already responded to. Go do something better with your time....
"Now if they were reinstated then you have something, but then it's a reinstatement play". Bwahahahaha. Your post is contradictory. It shows inexperience. Of course a there has to be a reinstatement. Reinstatement is often the first step in a shell reverse merger play. https://www.securitieslawyer101.com/corporate-hijacking-reverse-merger-go-public/ Reinstatement of an administratively dissolved corporate entity with the secretary of state where the public shell is domiciled. Normally, the reinstatement is the first clue shell players look for in a shell potential reverse merger play. Tired of proving your posts wrong now. Go do some reading on shells and reverse mergers. Come back when we can have an intelligent discussion.
You're right, there is no thank you necessary. KEYO was a shell play. Shell plays are for sophisticated investors that usually know the risk involved. We do as much calculated DD as possible, but the odds are against shell plays, much like bankruptcy plays. All it takes is one play to cover many losses. It's funny to me to see a bunch of posters over on the KEYO board acting as if they are intelligent investors. Newsflash Mr. Buffet, we knew the risk all along. If you individuals posting on the KEYO board were really intelligent, you'd be too busy making money than to worry about our shell play. It's sad, really. If every penny stock is a scam, and they feel so negative towards this market, why do 100 percent of their posts revolve around it? LMAO
NEOM is not a scam.....it's not even a company. How can you be a company with no bid? Too bad no one was here to warn those people who spent six years or more here "accumulating".
"Like KEYO, APP went under after Soon-Shiong became involved". [https://en.wikipedia.org/wiki/Patrick_Soon-Shiong "Soon Shiong founded American Pharmaceutical Partners (APP) in 1997. He sold the company to Fresnius SE for $5.6 billion. WOW....I hope KEYO can "go under" like APP did! LOL This is why it is important for everyone to do their own DD and not rely on bad info.
Ahhh, but he didn't say initial public offering or IPO. Reverse mergers are also referred to as APO's http://www.thedeal.com/content/healthcare/alternative-public-offering-market-is-booming.php or Alternative Public Offerings. What's throwing ya...the fact that he didn't say the word "alternative"....cause you realize a reverse merger is also a public offering right?
Thanks, I appreciate it. Most of us have actually acknowledged it is a speculative play. Nothing is ever a sure thing, We know that. In my DD, there were enough reasons here for me personally, to invest. So, nothing personal JW, and good luck in whatever stocks you do pick up. V Hestheman
Well, the debate on reinstatement was with Popt because he has claimed "KEYO is not a shell company, it's dissolved". How can they reinstate a company that doesn't exist and other nonsense. The NV entity was the subsidiary of the company. There were at one time 8 different subs that merged into one wholly owned subsidiary Keyon Communications, Inc. The subsidiary was the main operating business (which is why I compared it to SPEA and SPLV. The DE entity is the Holding Company and was the last entity connected to the shell by name (of course the shell name would change upon reverse merger with new company and would have no legal ties to prior KEYO company). I am looking for Keyon Communications Holdings to reinstate although the sub may need to be reinstated as well if they go the reverse triangular merger route. The dissolution was done as a precaution in order to have no legal encumbrances/liabilities between the time of the 15-12G filing and reverse merger. That is my take on it. I agree that not all reinstatements are RMs. Most times I do not buy a shell upon reinstatement but rather upon a change in officers/directors of the company. That way I can DD names and get better idea of where the entire play might be headed. However, when I read that this shell was owned by a billionaire in the process of launching a conglomerate of biotech data companies, I bought more than I normally would on a dormant shell. All shell plays are speculative until DD proves us right or wrong. I like my chances.
I can "attack the DD" quite easily actually http://www.reversemergers101.com/reverse-merger-red-flags/ Reinstatement of an administratively dissolved corporate entity with the secretary of state where the public shell is domiciled; This article is mostly about shell hijackings but all of us on this board know that the shell owner can easily reinstate the corporate entity for reverse merger purposes. There are audits involved and catching up on delinquent SEC filings which shell stock players have seen happen a countless number of times. Then comes the change in officers/directors and name/symbol changes and a new company emerges. It's not that complex of a concept, really.
Lshawn, this is not worth your time....nor mine. I provided a link on what a 15-12G shell is. I showed how easily a shell can be reactivated for the purpose of reverse merger. The whole "KEYO is not a shell company" schtick is all his posts can say. It's old. Don't give it the time of day.
Good stuff....looks like the reverse merger for KEYO is on track.
This coming from someone whom can still not post the definition of what a shell company is! Oh....and ONCE AGAIN, the same tired link that shows the PRIOR OPERATING COMPANY as dissolved.....THIS IS NOT THE SHELL! Show us something new! Or better yet, tell us in your own words what a shell company is. WOW. BYE.
I posted the archives for SPEA. In Dec 2002, the company disposed of all of it's operating business assets. The subsidiary was it's main operating business (which is why the SEC archives refer to it as "the business"). Most shell players know the history but here is a reposted article http://financialreality.blogspot.com/2004/12/you-were-there.html The only difference between SPEA and KEYO is that SPEA shell owners were shopping around, seeking out a reverse merger candidate which is why they incurred the cost to remain a public/reporting company (reporting shells looks better to possible RM candidates/acquirers, see IBOX). This does NOT have to be done to keep the shell alive, mind you, as there are plenty non reporting shells that have filed a 15-12g to go dark (in fact, there is a very board especially for that on the IHUB board (15-12g shells) in which investors look for companies first becoming shells (what your posts refer to as non-existant companies LOL) KEYO's shell owner (Dr Shiong) did not want to sell the shell to another investor/company, he wants to use it as his own. Therefore he decided to forego the incurring charges of remaining public and will simply reinstate later. "In KEYO case, even the shell corporation was dissolved last year" LINK PLEASE. So far your posts have been showing the dissolution of the former operating company, which we all know about ....not the shell. Even though we have explained this time and time again, your posts continue to show this false info. Why? We provide links showing Dr Shiong's ownership, however no links can be provided showing he sold his position in the shell. Until there is an ounce of truthfulness in your posts, I am done with this convo. Do not post to me.
Also interesting, Shiong has 10 times the net worth of Robert F.X. Sillerman (but Shiong needs that IPO money) right? LOL
Please relay to your acquaintance on the other board that I can do this all day. It's like I replied to your post before, SPLV ("the business") was SPEA's primary operating business. Soon after it dissolved, SPEA disbursed those shares to it's shareholders, but the dissolution of the Sportspark made SPEA itself a shell. The SPEA shell owner even sought out reverse merger candidates for some time before the lifechanging deal. Bottom line was the business dissolved....the shell did not, and still traded. For some reason, most on that board can still not make the distinction. I really don't think it's that difficult. I stated quite clearly why KEYO dissolved and why the shell trades. Still waiting on your definition of a shell company.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115360318 The SEC archives clearly refer to the sportspark as "the company". After the company dissolved, there were no business operations and the shells owners sought out reverse merger candidates. All of this is easily researchable. Much like Keyon Communications Inc was one wholly owned subsidiary of Keyon Communications Holdings Inc. The fact that the company dissolved means nothing for the shell. The shell still trades. It is dormant, but it "exists". The comments continually stating that it "doesn't exist" are quite ridiculous. Do you know how many shells have been reactivated and did a reverse merger? Answer: A lot why do you think THIS BOARD EXISTS! LOL WOW.
Understand, http://www.sec.gov/Archives/edgar/data/930245/000094883003000086/aasp.txt ALOT of reading here. SPEA's Sportspark (in these SEC filings/archives, the sportspark is referred to as "The Company") was officially dissolved (yes, it says dissolved) in the state of Nevada. What was left was an empty shell company with NO ASSETS and NO BUSINESS OPERATIONS. The SPEA shell continued to trade. A billionaire acquired it. Shareholders got rich. You provided a link that showed Keyon Communications (which would be "the company" in an SEC filing) was dissolved. The shell still trades. A multi billionaire (Dr Shiong owns it). Please tell me the differences in KEYO and SPEA. Be specific and provide links to back up your statements. Finally, go ahead and define in your words what a shell company is and how a reverse merger is executed. I look forward to your reply.
Does it work something like this? http://www.sec.gov/Archives/edgar/data/930245/000094883003000086/aasp.txt Be warned, there is ALOT OF READING. It's nearly the entire history of SPEA, to be used as a comparison to the situation we have with KEYO. The actual business (sportspark) was officially/administratively dissolved with the state of Nevada (YES....you will find the word DISSOLVED) However, it's shell (SPEA) continued to trade. So...did SPEA not exist? Was it a "zombie ticker"? Billionaire TV/Radio Mogul Robert F.X. Sillerman purchased the non-existant zombie shell ticker and reverse merged one of his valuble companies into it. From .10 to over $30. It was NO SCAM. A reverse merger is a legal, legitimate wa to go public. But tell be.....why would a billionaire like Robert F.X. Sillerman need a Zombie shell when he could do an IPO and make billions? LOL P.S. To answer the question your post asked on "why did they dissolve the company if they had plans for a reverse merger"? The former operating company was dissolved, NOT THE SHELL (hence why it still trades). This is what most on the board are having difficulty distinguishing from. Also, this was done as a precautuionary measure to legally separate itself from the prior company and any legal encumbrances that may exist. General Motors did the exact thing. Note you cannot sue the "new" General Motors for anything "old" General Motors was responsible for. In KEYO's case, a completely new company will be reverse merging into the shell. Hope this helps :)
Lesnshawn, Why would a Multi- Billionaire like Robert Sillerman need a "so called" shell company like SPEA, when he could do an IPO and make billions? It just doesn't make sense LOL. All is lost.
Here is another shell that "didn't exist" http://financialreality.blogspot.com/2004/12/you-were-there.html This was from the day SPEA ran from .10 to $6.41 per share. Now obviously, the writer of this small article was "too smart" to be in on that play. Note the sarcasm and arrogance in his article. He refers to SPEA as a "pump" (a pump i'm sure he would've liked to be in on in hindsight) and states "In short, there was no business nor any assets, just a shell company". (SPEA had disposed of ALL of it's operating business). The "pump", according to the author of this article was that Elvis Presley's entertainment company had acquired the shell. The author then goes on to call SPEA one of life's spectacular "bubbles" (implying it will most likely burst like all bubbles) and giving a quote from Mackay's "Extraordinary Popular Delusions and the Madness of Crowds". Man....it's almost like this brilliant writer in his own way is saying "SPEA doesn't exist"! ROFLMAO. WOW. Many weeks later it would be revealed that multi billionaire Robert F.X. Sillerman, a wealthy TV/Radio mogul, had acquired the "non existant" shell company that had previously dissolved it's business in order to reverse merge one of his very valuable companies into it. The stock ran to over $30 per share. Some SPEA shareholders made millions. Not bad for a shell that "doesn't exist" huh?
I must have missed the post that "revealed" that LMAO. All I have seen is ridiculous posts that state KEYO "doesn't exist". Or...."KEYO is not a shell company, because it would have to be a company first". These are the types of comments that expose one's lack of experience. It's okay to have no idea what a shell is, or how a reverse merger works.....but when one decides to post false statements as if they do know, that's what irritates me. One should be educated before posting. It states that in the IBOX.
Well, I guess day trading one stock for six years would make one an expert about shell/reverse merger plays. Let me guess, with NEOM, bought all the lows and sold the highs right? I believe that! I hope I can make money day trading one stock like that so I have time to warn others about stocks that don't exist one day!
That is GENIUS! Someone should notify the SEC to make a market for "Ghost Stocks" or "stocks that don't exist". How could KEYO have slipped by the SEC and "operation shell expel"? OH YEAH.....because it's a GHOST! It DOES'NT EXIST! Maybe this board doesn't exist! Maybe none of us exist! Trippy stuff! Let's go check out some MJ plays.
Sometimes it is difficult for one to recognize an advanced play. Like the guy who posted on the NEOM board for 6 years and only held one stock. It would be hard to take that guy seriously if he were to come here offering trading advice. He couldn't recognize a scam from a legitimite shell reverse merger play. Especially considering the money lost. It tends to make one think every stock play is a scam.
You are right, the old Neomedia investors probably don't even have one penny to put into KEYO. Like the guy I mentioned that posted only on the NEOM board for six years. It was probably the only stock the poor kid ever owned. You hear stories like that of investors falling in love with one stock and losing it all. It's probably better for individuals such as that to stay away from advanced plays such as KEYO, because knowledge is required. Basics....such as being able to define what a shell company is and how reverse mergers are executed. Thanks for scam info. KEYO shell investors will be fine.
I'll tell you what was a fraudulent scheme. NEOM. I really feel for those investors who spent years dumping their money into ONE STOCK and lost it all. Now they wouldn't even have one penny to put into a shell stock such as KEYO even if they wanted to. I guess it just goes to show you, don't fall in love with ONE STOCK. I heard of a guy that posted on the same stock board for 6 years and lost it all. I'd like to get that guy's advice on trading. Anyways, thanks for all of your ADVICE on shell stocks.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115329681http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115329681 You are showing the current status of the former operating company, not the non reporting shell. After all of the posts, you still cannot distinguish the difference. I'm done with the conversation because until you do some basic DD there is no where to go with this. Start with the IBOX above. Wow.
"Without a shell, this is the worst excuse ever for the shell company reverse merger scheme. I bet the SEC is not even on to the new no-shell-reverse-merger con". LOL. Gee I don't know, maybe we cannot show the current status of this public shell company because it's a non reporting trading shell that trades on the pink sheets, which is one of the three types of shells http://www.goingpublicinformation.com/public_shell.htm also note: A "shell company" is any company that has: No or nominal operations. So....KEYO has no business operations, and is non reporting (they do not have to maintain regular filings with SEC) but yet this info still labels such an oddity as a "shell company". Maybe we should write to them and demand a retraction? Bwahahaha.
LOL! Keyon Communications is no longer a company. Keyon Communications was dissolved. None of us have disputed that. KEYO is now a publically traded shell company. Why do you think they call it a shell? Because the company is actively selling sea shells? ROFLMAO
That article is probably the easiest to understand summary on reverse mergers I could post without drawing pictures....
Popt http://venturevest.com/shellsreversemerger.html A "shell" is a company that is already public but has no operating business at the present time. Try reading the whole article so at least your posts will contain some basic understandings of shells and reverse mergers.
Okay, your post is so full of incorrect information I do not even know where to begin. First of all, you circled a document stating cancelled that was from 2001! LMAO I do not know the details of whatever it is your post was trying to make, but obviously the info is very old, and has absolutely NOTHING to do with KEYO. California Cap LTD is alive and doing very well today. Secondly, "I will let you all figure out the actual ownership structure"....LOL Okay how's this? See item 5 http://finance.standardspeaker.com/filing/sc-13d--a/0001144204-11-036857/cik-1335294/ Dr Soon-Shiong as the sole member of Cal Equity owns the preferred control block of KEYO shares. Cal Equity is a investment vehicle for Soon Shiong in which Shiong is the sole member. Does that break down the "actual ownership structure" enough? LOL Finally... your post states that Keyo is a dirty shell, completed a bankruptcy weeks ago, and was under investigation for fraud. Now for the real facts, Dr Soon Shiong was the largest creditor of Keyon Communications....he traded his debt for equity thus is the reason why he now owns the control block of shares. Debt was settled with junior debt holders enabling Shiong/Cal Cap to formally dissolve the company without bankruptcy.. leaving a squeaky clean debt-free shell for Shiong to reverse merger a new company in to. Keyon was never in bankruptcy, and this is OBVIOUS. If it had been in bankruptcy, there would be a record of chap 7/11 filings and KEYO would have had a Q attached to it's symbol (KEYOQ) I know this because I have played bankruptcy stocks as well. KEYO has also never been investigated for FRAUD. Everything in your post is absolutely false. Provide some links and prove me wrong....I think we'd all be interested in seeing that.
Yes Heidi....I agree. That DD is just.....impeccable. Hopefully I can get out before it is too late. I learned a lot today LOL.
It's nothing new at all. But your post left out some important information http://www.otcmarkets.com/stock/KEYO/quote here is also what the skull and crossbones can mean: Undisclosed Corporate Actions- The security or issuer is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available. So, since we know....or at least I do, that no one has been indicted for any kind of scam as it pertains to the trading of KEYO, wonder if it means it's a reverse merger???
The request in itself is illogical LOL. The proof that Dr Shiong still owns KEYO is the very fact THAT THERE IS NO LINK SAYING HE DOES'NT! This is from March 2011 http://www.businesswire.com/news/home/20110317005494/en/KeyOn-Consummates-Conversion-15-Million-Debt-Preferred#.VZk7-7DH-M8 in between this time and Nov (when the company filed a 15-12g to go dark) Shiong never converted his preferred control block of shares and liquidated (he would have had to filed a form 4). After November, if he had sold the shell, it would not have constituted a "going dark transaction"....we still would have a paper trail of the shell sale. There is no such sale on record of the KEYO shell. Thus, the link requested does not exist BECAUSE NOTHING HAS CHANGED! Shiong still owns the shell! In fact, anyone stating that Shiong sold....the burden of proof would be on THAT PERSON to PROVIDE A LINK to filings showing he sold! So to that I say.....LINK PLEASE?