KLYG.. $0.0708.. Update.. I went to see them earlier LAST week and I was at first after getting off I-84 by my GPS sent thru the very bowels of Hartford CT which demonstrates the value of Democratic control and decay of the Insurance capitol of the US..
But shortly I drove westerly thru prosperous communities of CT I never knew existed.. Shortly I was in Canton and drove Into a well kept Industrial Park where KLYG has it's office and manufacturing facilities..
There I was greeted by management and was demonstrated what they do.. They are a Medical Device manufacturing Company that specializes in the production of customized implants utilizing computer aided design and advanced bio-compatible medical grade polymers...
That description was taken from the back of their brochure
My take was they were a well oiled machine run financially buy a money pinching Scottsman that was in charge,, having really no knowledge about what it is/or what is the definition of being public..
Most investment inquiry calls to them come from NY types telling them they will take their stock to the moon and all they need to do so is a retainer for their efforts.. They all almost gtd. to place KLYG in front of the most influential and important people in the financial and just give us a try for 3 to 6 months with a retainer of $3 to $6K for the ride.. KLYG traded 1600 shares today for the first time in a month..
Once they realized I was not a PR type and actually owned stock we took a tour.. The company is compactly laid out in a spotless 5,000 sq. ft. facility that is 65% working areas and 35% office, entry and conference room areas.. All were clean and functional..
KLYG receives orders usually from hospitals with PO's attached
to create implants for cranial damage, or bone diseases in the skull and can do so with a 24 hour turn around.. Sales are constant and this past year KLYG is profitable for the first time.. Next year KLYG benefits from the removal of the OBAMA Medical Devices Tax which is on Gross sales and could bring an additional 35% to 50% Pre tax to their bottom line..
Their facilities are centered around a gang of C&C machines working in dust free and contamination free areas producing orders with FDA approval on an almost daily basis.. Staff is small and I believe I counted 6 plus a management of 3.. Their sales are either direct or obtained thru reps calling on hospitals thru out the US also handling/selling other Medical devices..
My main concern for going because of my position in the company and the lack of volume in the stock along with the filings being over due.. I was some what surprise that management was unaware that this was not being done and assured me that they would take care of it shortly..
I think since they were brought in to take charge of a company built by promoters using PR's to sell stock rather than run a company that they bought to promote the stock.. I believe present management when they said they thought they were being filed by someone else.. They have increased sales each year and this was their first profitable year. Shares are at $2,000,000 dollar level and that is a guess by me. Shares out are a little above 23 million and have not been increased since the new management took over..
I will try to help them get thru this period of becoming aware of being public but will NOT accept fee or stock for compensation.. All the shares I own have been paid for with my own funds.. I will be a bid buyer so you guys do what you want.. Remember this is a LT stock but I think there is also a possible that it could be bought out in the future.. It has only traded 66000 shares during the past month so what you buy is what you own.. hank
