Jim Plant CKYS Update Part Dux,
I just got of the phone with Jim after him and I spending about an hour and 6-8 phone calls in between him multitasking and getting me on several conference calls with T.A. etc.
The scoop as of now.
1. Still waiting to get verification on the commercial airing tomorrow. When I hear you will hear.
2. The reason CKYS per Jim does not need an FIP govt. number is because they presently sell to a 3rd party source and that third party source sells to the military. (Hope I spelled that FIP thing right)
3. Jim was going to put out the unaudited financials this past week but was advised that if he did it would just get lost in the shuffle thus it will be posted on pinksheets.com so look for it forward looking and there will not be a PR out to talk about unaudited at this time. They should be out after Christmas some time.
4. Audited financials for all three years should be out any time. He did not give me a definitive date at this time.
5. The shareholder update should be on the website tomorrow under Investor Relations/Media and it is the video which should have the top ten questions and answers you all have been asking about.
6. I was put on a conference call with Kay from the T.A. She said nope she was not gagged. She said the exact same thing to Jim and I that Jim had told me last night and yes I took some heat for saying they were not gagged. Kay said to me without any prompting that they deal with many companies and do not have time to answer shareholders questions pertaining to share structure etc. This is the same thing Jim told me last night. Gosh how funny that I got the same exact version with an unannounced conference call with Kay while I was on the line.
7. Pertaining to the share structure Jim said. 1 Billion Authorized, 580 million Outstanding, 200 million in the float. Gosh I believe that is the same thing that he told me from my meeting with him in St. George in October. Same as what is in the Ibox.
8. Caveat-- Jim said that due to a future possible aquisition the company has set aside 120 million into escrow. These shares are restricted for two years. Now if anyone knows anything about escrow by buying a house you can put two and two together and figure out without Jim telling me or anyone that its probably a pretty good bet that escrow means a possible aquisition is closing soon. Hey thats the conclusion I would come to as I have bought and sold a lot of houses and hey I am no rocket scientist but maybe just maybe we might see a PR down the road addressing the possible aqusition. If and I say if this were to happen then the Outstanding would be 700 million with 120 million restricted for 2 years.
9. Jim said they are looking to release several news items undisclosed at present this week and an additional third party web site that shareholders will be directed to as another means of getting CKYS products out to more customers and more visibility.
So let me see if Jim has answered many of your questions thru me.
No need for FIP, T.A. is not gagged...well Kay was muffled so maybe someone gagged her and she didn't know it...kidding on her sounding muffled. She was laughing about being gagged when Jim ask if she was gagged....She said nope not gagged. She said she tells people to call the company as Jim has also said. Call the Company. Share structure discussed and revealed by Jim as correct in the IBOX. Shareholder Update Video coming to web site.
Hope this helps to those who care about real DD and a real company. Best to all.
Brent
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