Friday, December 08, 2017 2:17:24 PM
Here is a basic tip regarding investor due diligence! The best source of FACTS for the "pinkies" is often OTC Markets, i.e. OTCMarkets.com. Try it! There you will find some informative documents! First, go back to December 2016 to find the SEC filing that DE-REGISTERED KGET! KGET CHOSE TO GO "DARK" BY DE-REGISTERING WITH THE SEC, but continues to file cursory financial reports with OTC Markets.
KGET is classified as "Alternative Reporting", because it no longer files ANYTHING with the SEC! Even the recent increase in the Authorized Share limit was NEVER REPORTED to the investors! It just showed up on a financial statement! To further satisfy the purported "curiosity" about the "posted stats", continue on OTC Markets to find the latest financial statement, which covers the period ending September 30, 2017. From this report, even with a cursory review, which apparently has not happened, you will be able to verify the FACTS THAT WERE POSTED!
KGET HAS 20 BILLION AUTHORIZED SHARES AND 10.7 BILLION OF THESE ARE OUTSTANDING. ON JANUARY 1, 2017 THERE WERE 6.5 BILLION OUTSTANDING! 10.7 BILLIONS SHARES MINUS 6.5 BILLION SHARES YIELDS AN INCREASE OF 4.2 BILLION SHARES IN LESS THAN 9 MONTHS DURING 2017! HOWEVER THERE ARE NO SIGNIFICANT ASSETS ON THE BALANCE SHEET! GIVEN NO ASSETS, WHERE DID THE 4.2 BILLION SHARES GO? NOBODY KNOWS!
Rest assured, some level of rudimentary DD can often be quite informative!
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