King Resources Inc (KRFG)

[tchauncy]

stock_me_up.. I think you have this "wired". Not counting Kingguy since I don't know anything about his position, I now know of just four spots that total 24.5 million shares (70% of the 34 million share float), all bought in the open market. All are long term players who have pretty much been patient buyers and are confident that this World Class Management's focus on getting this price high enough for Exchange Listing is not going to happen just doing little deals.

We are now into the time frame (Fourth Quarter to First Quarter) that the Company published that GlobalSanteFe would have a rig ready for drilling on the Vermillion Gulf of Mexico lease. IMO, Smart money is positioning the stock at these great Risk/Reward prices knowing that when the news of the spudding of this well does get published, it is going to be hard for anyone to establish a serious position without chasing it, particularly in competition with any foolish short that gets themselves trapped.