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Re: david02835 post# 2580

Monday, 05/22/2006 8:52:15 PM

Monday, May 22, 2006 8:52:15 PM

Post# of 8712
The problem here is that we don't know what KSWJ is all about. They claim to have a proprietary technology for oil extraction, but there's no record of any patents, accepted or pending. We have the names of three different people who've supposedly served as the company's CEO in less than a year. There are some, ah, serious issues about phone numbers and addresses.

It's no doubt for all of the above that the SEC decided to suspend trading in the company. They may still be investigating, but if they are, they won't tell anyone about it. They consider a suspension to be a warning to investors that there are serious problems with the company in question. Having given that warning, they feel that shareholders should take it into account when making buy/sell decisions.

The company's had some time now to communicate with shareholders. That they haven't done so isn't a good sign. That the formerly chatty "George" seems to have disappeared is an even worse sign.

Like you, I'm puzzled that there are a few frantic pumpers. What is there to pump? Usually in these cases everyone takes a "wait and see" stance.

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