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John,
Thanks for your effort.
The part that should be troubling to anyone who follows this saga is that ONE INVESTOR and not the CEO or his legal team can contact the SEC and get the info you just reported. I'm amazed that YOU called HIM and he seemed "very excited...and had still not found out what this was about."
And from what you've reported, it doesn't look like some totally outside influence "hijacked" KGLJ. From your post, it appears that those controlling KGLJ had some part - past &/or present - in causing the halt. If not through intentional misrepresentations, then through gross errors in judgment that JP should not have made since it's been reported on this board that he'd been thought a SEC investigation before.
Your post:
I also told him about the NAFG thing and he said “I bought this company and I paid for it, I even asked back in 2005 if we shouldn’t change the name (I’m not sure who he was referring to, other than his backer’s maybe) and they said “Why should we? We paid a lot of money to get this all registered.” JP said “I told them I didn’t care about the money, I don’t ever want to have this happen to me again, and they said no, it’ll be OK.”
As I read that, he questioned the name (and perhaps registering the shell) as it existed. It sounds like he thought there would be trouble from the start.
Not bashing, but I stand by my earlier posts. My prediction:
Unless he and his current legal team take action (not wait for investors to inform them) and are TRANSPARENT in their actions - showing the SEC and investors that this company is up & up -
KGLJ will not trade again and will certainly tank when it does.
At this point you either have to believe JP, his "backers" and legal team aren't smart enough to understand this or they comprehend it completely. Question is, which is worse? If they do find a way to satisfy the SEC, put out good news, and this resumes trading on an uptrend JP needs to hire you to run the company and stick to field engineering.
Again, thanks for your efforts.
Saw it @ .003. With no news of business plan and a
nasty looking chart I'll pass. If they dilute it could
stay in this range for a while. Many of these subbies are.
GLTY
Been watching this one. Plenty of volume today with a sinking PPS. Prob'ly MMs driving the price down in anticipation of the news release and web site update.
Or maybe the star of "Silence of the Scams" didn't show up on the set today. LoL!!
MakeMoney,
Now that's what I call a well crafted reply! LMAO!
No indication of WHAT they are doing - only that they're "in business."
No indication of what's in the news release or when it's coming out.
No indication of what content will be on the web site or when.
I KNOW you didn't make that up. It truly looks like a parsed response from a pinkie CEO / lawyer / lackey. LoL!!!
siaubus - no way! Just ask summerbrzzz post 2266
Dilution solution:
Well when you talk to him next, make sure he's had too many and convince him to drink cheaper liquor. He'll get stoned quicker, the tab will go down and it'll slow the presses.
Thanks again, John. I haven't queried myself but that should be enough for anyone who wants to connect the dots.
DD
Thank you, more information comes forth. That's the power of a forum.
bronktru's post said, "I have been unable to find the Kingslake web page listed "Legal Counsel, Richard Spector, P.L.C." No lawyers by that name doing business in Keller Texas that I could find."
Your post indicates there is a Richard Spector and in Keller TX.
Thelimeyone,
I readily agree that Sarbanes/Oxley was designed to stem the egregious behavior of much larger companies. Everybody (well at least those fleeced for millions) knows we needed it and no, it doesn’t reach down into pinkdome - unfortunately. I think Bronktru referenced S/O more as a way of pointing out similar behavior here. I personally don’t think a CEO/CFO/BoD of any publicly traded company should be able to say to shareholders, “Hey, look I’m innocent of any wrong doing because I simply don’t know anything about equity funding or how our operations affect the PPS or even how many shares are out there. I just want the money to keep flowing.”
In the best case scenario, your opinion is right and this is outside manipulation. If so, you are also correct that none of the arguments about the CEO will apply. I think that’s bronktru’s whole point on the CEO issue. The key word is “if”. Now, I don’t want to baselessly blame the CEO of anything. But it’s not wrong to question and demand evidence one way or the other. Sooner or later it should come out - better sooner - and the SEC and the CEO both have a role. For the company and shareholder’s sake, I hope it is outside and the CEO / attorneys can show the SEC / shareholders they’re clear and can map a strategy for recovery. The perps need to be found and invited on a “fishing” trip off the FL keys. Did I say that out loud? LoL!
Check this out:
Notice the form t "late trade" at the end of each day.
Here are the last five trades for Thursday and Friday:
3-14
t 0.0048 920000 OTO 16:06:38
0.005 20000 OTO 15:36:40
0.005 50000 OTO 15:30:52
0.005 150000 OTO 15:28:07
0.005 150000 OTO 15:23:05
3-13
t 0.0048 70000 OTO 03/13
0.006 25000 OTO 03/13
0.006 17000 OTO 03/13
0.006 6500 OTO 03/13
0.005 25000 OTO 03/13
Both days a late trade made this look "tanked" with downward pressure for the next day. Nope. No games here! LMAO!!!
Now, if I can see this, you think the co mgt / boiler room / MM's can't? LoLoLoLoLoL!!!!
John, No ignore from me. I'm always searching for information.
It's my responsibility to decide what it means and how to use it.
Happy St. Patty's Day!
Bronktru…if you’re reading any of this:
Some of the critical observations in your posts:
It looks to me, still, as though an operational success is being hugely manipulated, deliberately postured as a failure and driven into the ground, to make it easier for someone to gather up the smoking pieces of the company after the engineered crash and burn... to get those assets away from the rightful shareholders.
I have been unable to find the Kingslake web page listed "Legal Counsel, Richard Spector, P.L.C." No lawyers by that name doing business in Keller Texas that I could find. Actually, using common lawyer search tools, I was unable to find a lawyer by that name anywhere in the country. Big Problem.
First, the President is not in control of this company, and he has a history of not being in control of the companies he starts…
Sarbanes et al was designed specifically to prevent this sort of claim of ignorance as a defense against corporate officer corruption... and allowing others to run your company for you while you don't know or care what they are doing or how... is a fairly outrageous level of corruption.
Beg the 300 million share question:
Doth the president protest too much? If the assets are truly there & gas demand is strong does anyone on the inside gain when the smoking pieces are gathered up? Not a happy question. Just a question. It's not my intent to pile it on or attempt to bash. The comments in bronktru's posts are well reasoned. I agree with them and thus my prior posts calling for CEO to act.
Post 4
Just finished reading a post from John 19-35 over on the IHub board. The post, to the degree it is true, makes a few things clear:
First, the President is not in control of this company, and he has a history of not being in control of the companies he starts, a history of allowing others as he says, "the lawyers," or "the certain people" to hijack control of the company and its market interaction. His not wanting to be knowledgeable about, involved in or responsible for the operations of a public company he IS responsible for don't excuse his mistakes and omissions. He IS responsible for what is going on, but he doesn't even KNOW what is going on? He says he has been set up as a patsy before... so it is not a shock that he is being set up to be one... or is willingly playing the part... again? Sarbanes et al was designed specifically to prevent this sort of claim of ignorance as a defense against corporate officer corruption... and allowing others to run your company for you while you don't know or care what they are doing or how... is a fairly outrageous level of corruption. "The lawyers" of course, should have explained all this to him.
Second, it looks like there is a very short window of time in which to fix the problems and avoid more difficult paths to resolution. The stock will likely not resume trading until "something" changes... that means JPs choices... and right now the lack of responsible governance is likely to be enough to kill it outright.
Third, JP could find lots of people to talk to about the difficulties he and the company are in... without creating additional risk for himself... and he should do that. I think there is enormous risk for him right now... and the wrong advice is likely to land him in jail.
The rest boils down to "follow the money" type stuff... it is clear enough to me and has been from the start of my involvement here that "someone" is self-dealing and probably wants to drive the stock down, push share prices down to zero, and kill the company off if necessary in order to take it over, or take ownership of the assets. It is pretty hard to know "who" that is right now... without greater cooperation from the company.
What I expect now is that "the lawyers"... they have to be the most likely suspects in operation of the ongoing efforts at manipulation... will try to come up with the bandaids necessary to meet the minimum requirements that will allow this manipulated corporate entity to trade again... while convincing JP that is what is best for him and for shareholders. When trading resumes, the shares will drop off a cliff, and the "good old days" of shares selling for $0.02 will soon be ancient history. Using a very generous value of $450,000 for a tainted empty shell with huge potential legal liabilities, the company should trade for around $0.0015. Once it is there, the manipulators will buy the company for nothing, strip it of its assets, and throw it away. If that doesn't work, they'll just issue more shares until it does.
I'd rather have it not resume trading. It would be useful for shareholders to cooperate and concoct a legal strategy that prevents it trading again, until the corporate governance is fixed, in order to preserve the value of their holdings.
Post 5
Lawyers are hourly employees. Just like Spitzer's whores, they'll only tie your hands if that is what you ask them to do. The lawyers work for you... and if that is not what is happening, then the lawyers AND the CEO should go to jail.
It is easy for a coward to be cowed by the legalities of the process, or by others involved in the process. Having already screwed up badly enough once before to have been interviewed by the FBI on another case, having this problem AGAIN is not easily excused. JP... you screwed up... you are in serious trouble, and the ONLY way out of it is to have the courage to take control of those things you've been allowing others to control for you... and do the right thing, instead of what the lawyers will tell you is the lowest risk option.
Doing the right thing is what you signed up for when you took the job as CEO of a public company. Doing the right thing now isn't going to eliminate the risk, which has already been imposed... but, neither will trying to avoid your responsibility do anything to reduce the risk. The CEO is going to be the fall guy... BECAUSE THAT IS HIS JOB... to be responsible for making the choices... and to accept the consequences that come along with having made the choices. If you allowed someone else to make the choices... you are still responsible exactly as if you'd made them... because you did.
If no one has told you before... your job is to protect the interest of each shareholder equally... not to cooperate with "some" of the shareholders who might want to take advantage of others. If you don't want to do that, you'd better quit and appoint someone else as CEO really, really quickly... so that someone else can salvage this thing for you before it blows up on you, which I can pretty well guarantee you that it will... unless something changes pretty quickly.
The right thing now includes:
Cooperating with the SEC
Working to ensure shares do not resume trading again until AFTER the governance is brought up to snuff... and the coordination is in place to ensure the stock is not being and will not be manipulated when trading resumes.
Post 3
On the flip side of the concern with the SEC not being forthcoming, the company obviously has not been forthcoming, either, about their share sales, share structure, financing activities and finances, and other things. The company doesn't take or return my calls... but neither does the SEC... so that comes out about a wash.
I have been unable to find the Kingslake web page listed "Legal Counsel, Richard Spector, P.L.C." No lawyers by that name doing business in Keller Texas that I could find. Actually, using common lawyer search tools, I was unable to find a lawyer by that name anywhere in the country. Big Problem.
Next time one of you IHub guys talks to JP... find out who the Kingslake lawyers are, and what their phone numbers are. I want to talk to Kingslake's attorneys.
As long as you are chatting... find out what kind of money Kingslake got for diluting from 70 to 300 million shares???
Post 2
I'm comfortable that what is in the field exists... but, if highjacking is the issue... what do the shares that I bought through my broker really mean about what I own... ???
The all important questions clearly are organizational and financial... and if the asset side of the story is intact, and there are people behind Kingslake with money... then there is ample cause for our continuing interest... even if it looks like it might take a coordinated effort from the SEC and investors lawyers to get the real value that was being sold... out of the hands of whoever is controlling this.
The SEC obviously has concerns... but they have not said what those concerns ARE... other than to put this stock on a list with others... which they also have not said anything about other than to put them on a list. Where are the order letters and complaints? I don't think the SEC is acting randomly or without purpose and cause. I also don't trust that they are really acting in the interest of protecting common share holders. There are fewer facts from the SEC related to concerns about the highjacking of KGLJ than there are facts from the State of Kentucky about what exists in the field.
Some is simple, isn't it...??? Is the SEC concerned about an attempted highjacking OF Kingslake by others, or a highjacking BY Kingslake and its principals of an empty shell...???
It looks to me, still, as though an operational success is being hugely manipulated, deliberately postured as a failure and driven into the ground, to make it easier for someone to gather up the smoking pieces of the company after the engineered crash and burn... to get those assets away from the rightful shareholders.
I still have important questions about share structure and the use of proceeds from recent share sales... as well as the structure of share sales, and who has been buying and selling shares.
The SEC has a DUTY to be more forthcoming than they have been... about their specific concerns with this company... otherwise they are doing investors a disservice rather than protecting them by halting trading? A search for Kingslake on Edgar... AND a search conducted on ALL the SEC web pages... gives nothing. That is clearly unacceptable.
I wish I could take credit for the following posts. I can't. They were posted on another board by Bronktru 03-14-2008.
Read them! Carefully! Save them and re-read them - not just for KGLJ but as general reference. You won't be sorry.
Post 1
Today I called back to the State of Kentucky Division of Oil and Gas Conservation. I explained my continuing interest in the leases, the SEC, etc., and then asked about production, and had them look up the leases...
The State says the lease operator is in good standing with the state, and has a total of 15 wells operating in the state, including the 6 wells in Morgan County that are the Kingslake property and wells. The leases in Morgan County that, at least in theory, belong to Kingslake shareholders... are not old enough to have production data. The state's production records only include 2006 and earlier...
The state does inspect oil and gas wells, so I gave him two of the older lease numbers, 101603 and 101620. He says they have not inspected # 101603, but did inspect # 101620 on November 19, 2007, reporting it as completed and shut in waiting hookup to the gas line to begin production. The STATE says the wells are there... I don't think the Kentucky Division of Oil and Gas Conservation is lying to me.
The story on the existing leases and the information I discussed earlier is still intact... here are the Kentucky lease numbers for them:
101603
101620
101914
101915
101916
102376
When I last talked to the operator, he confirmed the Kingslake story re the extent and potential of the acreage, the leases, the well completions, etc., and (the original purpose of my call) he confirmed that Kingslake was paying their bills, and he saw no problem in his continuing to do business with them.
I talked to the operator again today... he again assures me that the property and the wells are real. He is also aware of the problems with the SEC and expects it will all blow over... because he sees no problems of that sort with any highjacking of Kingslake... no problems with it existing by taking over an empty shell and operating some one else's company, etc. He says there are people behind it with big money... he knows who they are... and he still expects Kingslake should do well, given time and patience.
He was careful to point out that he knows oil and gas as a field man... not the ins and outs of share structures or the legalities of company compliance...
I'm convinced that the properties are real, the wells DO exist according to public records and competent legal authority. Everything is on the up and up as far as the State of Kentucky and the operators track record with them is concerned. It appears that the ASSET side of the story is intact...
Having the assets be real, however, and even having them owned by Kingslake... which I am still checking up on re the legal documentation of the transfer of lease ownership... doesn't mean that the obviously squirrely stuff happening with the stock should make investors feel comfortable.
The operator did say that they are waiting on additional $ from Kingslake to begin completion of additional wells... which might begin to cause a bit of cognitive dissonance with the story from Kingslake about the pace of progress... but this is the point, for me, at which the primary concerns lie... the differences between what is real in the field, and what a share of stock actually represents.
redsox,
No need for an apology. When we swim in pink waters, it's best to have a wary eye and plenty of shark repellent. ;)
Even with good trading tools and experience what appears to be a prized Xiphias gladius turns out to be a Carcharodon carcharias.
GLTY!
DD
redsox,
Does this mean you no longer agree with post #172?
Google search “NAFG, LLC”
Click on the following link and view as XL sheet or HTML :
[XLS]
******¸
File Format: Microsoft Excel - View as HTML
29, 101915, BALES, THOMAS ET AL, 1, 8/15/07, Drilling, Gas, Morgan, 3-Q-74 2016FSL 776FWL, Devonian, Lower Part, 1014, 1500, Vertical, NAFG, LLC ...
www.dogc.ky.gov/NR/rdonlyres/07FF1BC0-4972-41DB-9C6F-A1DD0883D9F3/0/PL81707.xls -
Spreadsheet has the header in caps across the top. Look down the list (a little over halfway down the page) for NAFG, LLC well permits. These show up:
PERMIT LEASE NAME WELL NO DATE ISSUED PERMIT FOR PURPOSE COUNTY CARTER COORDINATE LOCATION FORMATION ELEVATION PROJECTED DEPTH DIRECTION COMPANY NAME ADDRESS ADDRESS CITY STATE ZIP
101914 MOORE, ED ET AL 2 8/15/07 Drilling Gas Morgan 1-Q-73 242FNL 601FEL Devonian, Lower Part 857 1500 Vertical NAFG, LLC 6370 LBJ FREEWAY SUITE 174 DALLAS TX 75240
101915 BALES, THOMAS ET AL 1 8/15/07 Drilling Gas Morgan 3-Q-74 2016FSL 776FWL Devonian, Lower Part 1014 1500 Vertical NAFG, LLC 6370 LBJ FREEWAY SUITE 174 DALLAS TX 75240
101916 ROBINSON, RENA ET AL 1 8/15/07 Drilling Gas Morgan 4-Q-74 1572FSL 997FEL Devonian, Lower Part 1016 1500 Vertical NAFG, LLC 6370 LBJ FREEWAY SUITE 174 DALLAS TX 75240
Although the address for NAFG, LLC is in Dallas, TX a search of the TX SOS data base produced no such organization. So I searched in KY. Result below.
(Important – I considered that this could be a different company using the same name until I opened the annual report dated 02/27/2007 The member manager who signed the report is: J Allen White Sr 6370 LBJ #174 Dallas, TX 75240 ) Note the filing as Foreign Ltd Liability Company
Link:
http://apps.sos.ky.gov/business/obdb/showentity.aspx?id=0643579&ct=06&cs=99999
Organization Number 0643579
Name NAFG, LLC
Profit or Non-Profit Unknown
Company Type FLC - Foreign Limited Liability Company
StatusA - Active
StandingG - Good
StateNV
File Date7/25/2006 Authority Date7/25/2006 Last Annual Report2/27/2007 Principal Office5348 VEGAS DRIVE
LAS VEGAS, NV 89108
Registered Agent CATHY WILKINS
1100 WELDON RD
BRANDENBURG, KY 40108
No, but I can see how you might have made the mistake. The star was Petre Wange.
DD
John, If what you posted as his comments is true, he should have his lawyer on a plane today for a SEC meeting. Followed by a PR as I just posted. And it must all happen in the halt period.
lorel, See John 19-35's post 1007. Step in the right direction.
IMO the only way this won't tank when trading resumes (assuming it does) is if the management of this co takes the initiative during this halt to be VERY TRANSPARENT and put out a PR that details:
1) Why they are one of the 26 selected for the halt.
2) Gives evidence that clearly indicates they were in no way
involved in the reported shell game.
3) Gives evidence of the company's claimed assets and
current operations along with up-to-date share structure and
any substantial internal changes (good or bad.)
The CEO has several days to put this together. IMO if he chooses not to, he's taking the shareholders and the co back to the bottom with a silent admission that negates whatever he's said in private phone calls.
That *$&*^#@!!!#$* Gordon Gekko!! Could be just like him to
change his name to Garbo!!! It's possible! Who knows??
That *$&*^#@!!!#$* Gordon Gekko!!
I knew I smelled that rat!!!! Is he behind this Titan???
To anyone who seriously questions the trading
activity on this stock there is a SEC halt of 26 others (see below). CNGJ is NOT, I repeat NOT on this list. What I have provided below does explain the trading behavior of some OTC/pinks and is good information.
SEC Suspends Trading of 26 Companies to Combat Corporate Hijackings
Actions Are First From Enforcement Division's Recently-Formed Microcap Fraud Working Group
FOR IMMEDIATE RELEASE
2008-41
Washington, D.C., March 13, 2008 - The Securities and Exchange Commission today suspended trading in the securities of 26 companies that appear to have usurped the identity of defunct or inactive publicly-traded corporations using a tactic known as corporate hijacking. The Commission ordered the suspensions because of questions regarding the adequacy and accuracy of information pertaining to their status as publicly-traded companies.
The trading suspensions are part of the SEC's stepped-up effort to address fraud involving the securities of non-exchange traded, or microcap, securities. These are the first actions resulting from the recent formation of the Enforcement Division's microcap fraud working group. In March 2007, the Commission suspended trading in the securities of 35 companies as part of the SEC's Anti-Spam Initiative, which targets potentially fraudulent spam e-mail.
"Microcap investing involves thousands of companies and hundreds of thousands of investors. Keeping this tier of the market honest and free of fraud is every bit as important to investor confidence as our regulation of the world's largest companies and exchanges," said SEC Chairman Christopher Cox. "These trading suspensions demonstrate the SEC's intensified commitment to eradicating microcap fraud. The trading suspensions, and the actions that will follow, should leave no doubt that the Commission will use all of the weapons in its arsenal to combat those who threaten the integrity of our markets."
Linda Chatman Thomsen, Director of the SEC's Division of Enforcement, added, "Hijackings are a burgeoning problem, and a type which the Division's microcap fraud working group was created to address. Today's trading suspensions are squarely aimed at putting the market on notice about the risks associated with acquiring non-operational or 'shell' companies, and with investing in microcaps. This is a first step. We will continue to vigorously investigate those involved."
In conducting the corporate hijacking, certain persons appear to have incorporated each of the 26 companies using the same name as a then defunct or inactive publicly-traded corporation. For identification purposes, each class of an issuer's publicly-traded securities is assigned a ticker symbol by Nasdaq Reorganization and a CUSIP number by the Standard & Poor's CUSIP Bureau. These same persons appear to have usurped the CUSIP numbers and ticker symbols assigned to the defunct or inactive corporations' publicly-traded securities for use by the newly-incorporated entities. They then appear to have obtained new CUSIP numbers and ticker symbols in lieu of the old ones, also for use of the newly incorporated entities, by apparently representing falsely that they were duly authorized officers, directors, or agents of the original publicly-traded corporation.
The trading suspensions will last for 10 business days. The trading suspensions commenced today at 9:30 a.m. ET and terminate at 11:59 p.m. ET on March 27, 2008.
The 26 companies whose trading was suspended today are: Andros Isle Development Corp. (AVPJ); Asante Networks, Inc. (ASTN); Beluga Composites Corporation (BGCC); Cobra Energy Inc. (CBNG); Complete Care Medical, Inc. (CCMI); Disability Access Corporation (DBYC); El Alacran Gold Mine Corp. (EAGM); Extreme Fitness Inc. (EXTF); Gaming Transactions Inc. (GGTS); Global Equity Fund, Inc. (GEQF); HealthSonix Inc. (HSXI); IQ Webquest, Inc. (IQWB); JSX Energy Inc. (JSXG); Kensington Industries, Inc. (KSGT); Kingslake Energy Inc. (KGLJ); L International Computers Inc. (LITL); Let's Talk Recovery Inc. (LKRV); Mobilestream, Inc. (MSRM); Mvive, Inc. (MVIV); Native American Energy Group Inc. (NVMG); Paramount Gold and Silver Corp. (PZG); Regal Technologies Inc. (RGTN); Remington Ventures, Inc. (REMV); Straight Up Brands, Inc. (STRU); Transglobal Oil Corp. (TRGO); and Turquoise Development Company (TQDC).
The Commission cautions broker-dealers, shareholders and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by these companies. Further, broker-dealers should be alert to the fact that, pursuant to Rule 15c2-11 of the Securities Exchange Act of 1934, at the termination of the trading suspensions, no quotation may be entered unless and until the broker-dealer has strictly complied with all of the provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of this company that has been subject to a trading suspension until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the Securities and Exchange Commission in Washington, D.C. at (202) 551-5720. If any broker or dealer enters any quotation that is in violation of the rule, the Commission will consider the need for prompt enforcement action.
The Commission acknowledges the assistance and cooperation of the Royal Canadian Mounted Police, the Ontario Securities Commission, the U.S. Attorney's Office for the District of New Jersey in Newark, the U.S. Attorney's Office for the Middle District of Florida in Tampa, the Newark and Tampa Field Offices of the U.S. Secret Service, and the Financial Industry Regulatory Authority (FINRA).
Any investor or other person with information relating to this matter is invited to contact the staff at (202) 551-4600 or by e-mail at ENF-26suspensions@sec.gov.
# # #
For more information, contact:
Scott W. Friestad
Associate Director, SEC's Division of Enforcement
(202) 551-4962
John S. Polise
Assistant Director, SEC's Division of Enforcement
(202) 551-4981
http://www.sec.gov/news/press/2008/2008-41.htm
That would explain why mgt was hard to get a hold of ;)
IMO it also sheds some light on the PPS free fall and huge volume at the same time. It'll be interesting to watch this unfold. I'll bet there are more pink operators today running for the head to clean their drawers!! Nine more days. Now what did I do with that "offset" list for 2008 gains?
DD
LMAO!!! Posts are going away faster than shareholder equity.
Can anyone post a response from management about the recent sell off? Share structure verification? Current progress on projects?
Too bad CBPC can't come to the rescue. They were in that business but now they are into.......Huh, we don't know what business they're really into. Wasn't there a movie about this once? Silence of the Scams?
Thanks, I didn't check the Ibox but if it agrees with the web site counts, at least we can assume that tool is current.
I'd take the web site counts as the most current available until
something from co or T/A in writing (or a filing *yawn* ;) that says otherwise.
Cheers,
DD
doinit, I'm not sure when your o/s & float were put out but if anything they are increasing.
as of oct.15,2007
a/s 500mil.
o/s 63,062,720
float 46,550,700
I don’t believe they have reduced. Why wouldn’t they update their own “New” website as touted in a recent PR. Here is the share structure I just saw on the KGLJ website:
Authorized Shares: 500,000,000 as of Oct 15, 2007
Outstanding Shares: 299,072,720 as of 2008-02-15
Float: 73,072,720 as of Feb. 15, 2008
OK, Thanx
DD
rugby,
Pinksheets is typically dated with respect to that info. Only the co and the IR should be used as a source for this info. When I'm doing DD and top mgt or the IR can't/won't tell me, I usually unfurl the red flag that says "Run" LoL!
I don't follow FNAT so... a speculative guess at a higher price would be the strength of their leases (reserve potential) &/or other assets if they haven't got wells.
doinit,
Can you confirm that change in shrs with the co / IR and post it? That would be great but I don't know why they would reduce and sit on the news. If they did reduce they need to add it to any other news and GET IT OUT to shareholders. Tell the prez that this won't idle along the same line forever. Too much time before he releases something good and the run will start from .0078. It may be hard to keep it from a quick dip even when the whispers do happen as the MM's will play the typical games to load up.
Not being negative, just observant of pinkie stock behavior.
Cheers,
DD
LoL! MM's - too much spread.
Only 4.8MM issued and Fisher's 55,556 are restricted.
Hold 'em if you believe in the tech & arguments. Tick Tock.
Titan,
You wrote:
"Sure, we have some who have contacted the company and were told there is NOTHING wrong, things are great, no idea why we dropped, or some ridiculous rumor about foreign investors selling off."
Is there a convention for Pinks Mgt. where they go to pick up a current book of excuses and lines for shareholders? LOL!!!
I swear I've heard this stuff a thousand times (or more) in six languages. I'm waiting for one of them to have a brain freeze when I phone for info and tell me, "I swear the check's in the mail and I promise not to...."
LoL!!!
Your last post pegs this one dead center.
Happy trading!
Go to Solomon's website www.solomontechnologies.com and cllick on
Licensing the Electric Wheel Patented Technology
This animated comparison:
http://www.solomontechnologies.com/Animation_compare.htm
is also there.
ちょっとトヨタはのだれあなたのお父さんであるか。LoL
Titan,
Cut him a little slack. He probably has the PR written, but it hasn't been parsed yet by his lawyer. ;)
DD
Toyota...Who's your daddy?? LOL
jchristiang,
I just shook my lucky stock 8 ball and asked it if MGRA would ever rise. The answer: "Yes"
I got really excited. So I asked it "how much?"
The answer: "At least to $0.016"
Well, you can guess how thrilled I was. I asked one more question, "What possible news will make this POS jump to a price of $0.016 or better?" The answer: "News of the R/S."
These *&%$#@* lucky stock 8 balls never lie!