King Resources Inc (KRFG)

[trader59]

The only reason a company "goes public" is to get access to the public stock markets to raise capital and grow their business. If they don't plan to sell stock, there's not a single reason for them to go public and become accountable to shareholders, much less the bagholders of a dead penny shell. They get nothing from the stock that is in the O/S and traded back and forth today, that stock is a legacy of the prior failed/dead business of the shell, sold into the market by that failed business, and the proceeds are long gone.

So, one of two things:
This is a hoax built by someone who has stock to sell, or, the company is going to sell stock after a RS to wipe the existing equity off the books.