KULR Technology Group Inc (KULR)

[Scumbag Fraudsters]

I could show you scores of tweets, PRs, emails and shareholder letters - even a pro forma - in which CEOs claimed they were doing this or that or that expected revenue for the year would be astronomical.

And they were all bullshit.



In emails from an owner and one of his complicit CEOs I was told...

Owner: "We are no pump-and-dump , we are a real company, with good products, and a great plan."

Owner: "Proof is in the pudding, we have sold many thousands of bottles of [product] since re-introducing it as a direct sale in january and everyone loves it. Even I am amazed."


CEO: "The company is making a ton of money and our little delay in retail is behind us as we are back on track."

CEO: "If we sold 5 million dollars worth of wholesale product then clearly it will be in stores. This is something I signed off on, and something I am preparing to get audited soon…if it were a lie it would surely ruin me. I would be insane if it were a lie. Who did I sell 5 million dollars worth if not retailers?"

CEO: "when we have that chill off and we up-list to OTCBB it'll skyrocket to the top, so i'm not worried at these levels."

CEO: "We are no pump-and-dump , we are a real company, with good products, and a great plan."

CEO: "My sense is that Walgreens will go out with the product very shortly and the stock will react by going straight to a penny, and then I will be a hero in everyone's eyes again."

CEO: "I am currently traveling to solidify international distribution"

CEO: "Initial #'s are trickling in & they are staggering!"

CEO: "Thank you all, We received literally thousands of orders over the weekend. 10K units is almost out of stock! Absolutely amazing. Also, coming soon, [product] in over 10 countries. 3-5 months total rollout!"

CEO: "So basically, the way I see it, hold on to this stock and you will make at least 3-400% within 6 months...where else will you get that kind of return?"

Those were all lies.
The owner, his lawyer and 3 CEOs were ultimately charged with fraud in 2017.


At another stinky-pinky I follow, two startup companies filed a lawsuit in April 2019 accusing Kevin Harrington of "Shark Tank" and "As Seen on TV" with fraud involving that stock and one other. The other pinky named in the suit was revoked by the SEC in March 2019, rendering shares worthless.


In other words, don't believe everything you read.

Don't believe anything you read if it comes from a pinky, and even OTCQB co's are highly suspect.

I say "DON'T BELIEVE ANYTHING A COMPANY SAYS UNTIL INDEPENDENTLY VERIFIED."

And I rarely see investors attempt to independently verify company statements or financials.