KeyOn Communications Holdings, Inc. (fka KEYO)

[Poptech]

Friday Wrapup!

There is a bunch of new stuff from this week:

-A shell is a registrant.
-Keyon is proudly not a registrant.
-Keyon is not the parent company of Nantworks.
-Keyon does not share a management team with Nantworks.
-Keyon has no management.
-Nanthealth is not doing a reverse merger with Nantworks to get rid of Nantworks.
-An SEC filing is not ‘hearsay.’
-In 2011, a Form 15 filing was made by Soon-Shiong to VOLUNTARILY terminate all the common shares of Keyon. The common shares were traded under the symbol KEYO.
-Because the KEYO shares were terminated, they no longer exist.
-Terminated shares can continue to trade for a period of time before the government permanently ends the trading. As we learned, trading is not a signal that Soon-Shiong was spending time and money to keep it trading.
-You cannot have a share swap when one party has shares that no longer exist. KEYO shares no longer exist.
-When a symbol is identified, “fka KEYO” means KEYO shares no longer exist.
-Soon-Shiong VOLUNTARILY dissolved Keyon.
-Soon-Shiong VOLUNTARILY let Keyon stop trading in the same year he planned to IPO Nanthealth.
-A reverse triangular merger, even tax-free, needs a publicly traded shell company.
-KEYO is no longer a company.
-Keyon is not a shell.
-KEYO no longer trades publicly.
-KEYO will never trade again.
-Therefore, KEYO is not a publicly traded shell company.
-Therefore, KEYO cannot be used in a RTM.
-When two private companies merge, they do not automatically begin to trade publicly.
-When two private companies and a 'trust' merge, they do not automatically begin to trade.
-When a company files a 'Super 8K' the company does not automatically begin to trade. The Super 8K terminates the existence of the company.
-Soon-Shiong has never said he wants to use tracking stocks.
-A tracking stock is a traditional IPO.
-Soon-Shiong has never said he is using tracking stocks.
-Soon-Shiong certainly never said he was doing a RTM.
-Soon-Shiong has never said he was taking Nantworks public.
-Soon-Shiong has never said KEYO will be used for taking anything public.
-Soon-Shiong did say he was planning an 'IPO' for Nanthealth.
-With NK, Soon-Shiong showed he really likes a nice IPO. The original launch piled on another $1B to his fortune. Much of that is gone.
-Forbes, despite all the name dropping, has never confirmed any part of Soon-Shiong doing a reverse triangular merger. They have only said it will be an IPO. Like Soon-Shiong said!
-Keyon cannot go public by merging two private companies.
-Keyon cannot go public by merging two private companies with a trust.
-A RTM can be announced in advance.
-KEYO is not traded so it is impossible to have insider trading!
-Nantworks is not traded so it is impossible to have insider trading!
-The IPO market has collapsed in the first quarter of 2016. Even top IPO candidates, like Uber, are pulling back offerings.