This is my only concern about CKYS---CKYS has acted very strangely IMO. The annual numbers were great but the stock price has not responded. I am starting to get a little suspicious that there are things going on behind the scene. The change in AS (Authorized Shares) was the first red flag. Now I am starting to doubt their numbers on the UAF report. Sequiam Corporation (OTCBB SQUM) is supposed to be a primary supplier but if you look at their SEC reported revenue for the first nine months of 2006, they only had only about a 500k in revenues. CKYS reported 33m+ revs for the year and 26m+ for the first six months. If SQUM manufactured much of the product sold by CKYS, SQUM revs should be much higher IMO. There may be a logical reason for the disparity but until I find out what it is, I am going to be very careful. I have not seen this issue discussed on this board and was hesitant about bringing it up. The GMA airing delay then cancelation knocked the price back also!
Although I was suspicious, I was completely surprised by the halt. I still feel like the company is legit with real products and potential. The SEC must have had a really good reason to halt the stock. These things almost always turn out badly for shareholders. Many believe the company will be vindicated but unless they do something to prove the contracts before next Tuesday, CKYS will surely open on the GREY Market.
AI
