As of today it is still a revoked Nevada business entity.
By early September of 2017, Majestic Temple gained control of the entity without a custodianship filing done through the Nevada Court system or anything.
Then without any filings being done with the Nevada SOS, Majestic Temple created a new entity in Delaware for the ticker on September 6, 2017.
Then immediately, what appears to be bogus back dated debt Notes totaling $517,000 from 2015 were placed on the balance sheet. KKFC was an inactive entity in 2015.
Those Notes convert into KKFC stock at $.0001/share which is ridiculous since KKFC is currently trading at $.12/share.
Like VRED and HQGE, KKFC uses Kaleem Sikandar as its legal counsel (long time legal counsel for all the old Raymond Barton shells).
KKFC (like VRED and HQGE) has a weird Raymond Barton stink to it and there is reason to believe that Majestic Temple might be fronting for Raymond Barton.
In the case of KKFC, Action Stock Transfer (Justeene Blankenship) is the TA. I guess Ms. Blankenship felt there was nothing odd about KKFC magically coming under new control and turning into a new Delaware business entity while still being revoked in Nevada.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.