King Resources Inc (KRFG)

[dmbao]

The control block is preferred shares not common. So assuming this is true the new guy's bought the shell by acquiring the preferred shares.

This shell was for sale for years for $$15,000 on a website for shells.

While that filing for the 800 million reduction was posted here it doesn't appear to be recognized or known by the TA.

So best I can tell the OS remains 1.54 Billion although I thought at one time it was 1.83 Billion?

While I agree the stock initially moved on smallish volume and even the selling doesn't appear to be dilution as the trades are too small. However I don't ever remember seeing anything that ever said it the float was as low as 400 million since the P&D schemes hit here.

It was 280 million for a long time until the pump and dumps came and at that point there was huge volume, hundreds of millions in volume daily so the float widen significantly at that point.

There now seems to be constant overhead. Even today after the news all the volume was selling into the .0011 and .0012 bid for almost 4 million. So it seems that there are plenty of shares for sale. I could see flipping accounting for the volume if the volume was on both sides of the bid/offer but it's not.

Would be simple enough for them to update the share structure on otcmarkets as well as the proper website and other information.

Strange that they haven't. You don't have to be current to post stuff.

Anytime a company avoids doing the obvious it raises red flags. Also the fact they said they would update OTC and submitted paperwork but now they want to go current which is expensive and difficult with a history such as this company's.