Post 2
I'm comfortable that what is in the field exists... but, if highjacking is the issue... what do the shares that I bought through my broker really mean about what I own... ???
The all important questions clearly are organizational and financial... and if the asset side of the story is intact, and there are people behind Kingslake with money... then there is ample cause for our continuing interest... even if it looks like it might take a coordinated effort from the SEC and investors lawyers to get the real value that was being sold... out of the hands of whoever is controlling this.
The SEC obviously has concerns... but they have not said what those concerns ARE... other than to put this stock on a list with others... which they also have not said anything about other than to put them on a list. Where are the order letters and complaints? I don't think the SEC is acting randomly or without purpose and cause. I also don't trust that they are really acting in the interest of protecting common share holders. There are fewer facts from the SEC related to concerns about the highjacking of KGLJ than there are facts from the State of Kentucky about what exists in the field.
Some is simple, isn't it...??? Is the SEC concerned about an attempted highjacking OF Kingslake by others, or a highjacking BY Kingslake and its principals of an empty shell...???
It looks to me, still, as though an operational success is being hugely manipulated, deliberately postured as a failure and driven into the ground, to make it easier for someone to gather up the smoking pieces of the company after the engineered crash and burn... to get those assets away from the rightful shareholders.
I still have important questions about share structure and the use of proceeds from recent share sales... as well as the structure of share sales, and who has been buying and selling shares.
The SEC has a DUTY to be more forthcoming than they have been... about their specific concerns with this company... otherwise they are doing investors a disservice rather than protecting them by halting trading? A search for Kingslake on Edgar... AND a search conducted on ALL the SEC web pages... gives nothing. That is clearly unacceptable.
