John,
Thanks for your effort.
The part that should be troubling to anyone who follows this saga is that ONE INVESTOR and not the CEO or his legal team can contact the SEC and get the info you just reported. I'm amazed that YOU called HIM and he seemed "very excited...and had still not found out what this was about."
And from what you've reported, it doesn't look like some totally outside influence "hijacked" KGLJ. From your post, it appears that those controlling KGLJ had some part - past &/or present - in causing the halt. If not through intentional misrepresentations, then through gross errors in judgment that JP should not have made since it's been reported on this board that he'd been thought a SEC investigation before.
Your post:
I also told him about the NAFG thing and he said “I bought this company and I paid for it, I even asked back in 2005 if we shouldn’t change the name (I’m not sure who he was referring to, other than his backer’s maybe) and they said “Why should we? We paid a lot of money to get this all registered.” JP said “I told them I didn’t care about the money, I don’t ever want to have this happen to me again, and they said no, it’ll be OK.”
As I read that, he questioned the name (and perhaps registering the shell) as it existed. It sounds like he thought there would be trouble from the start.
Not bashing, but I stand by my earlier posts. My prediction:
Unless he and his current legal team take action (not wait for investors to inform them) and are TRANSPARENT in their actions - showing the SEC and investors that this company is up & up -
KGLJ will not trade again and will certainly tank when it does.
At this point you either have to believe JP, his "backers" and legal team aren't smart enough to understand this or they comprehend it completely. Question is, which is worse? If they do find a way to satisfy the SEC, put out good news, and this resumes trading on an uptrend JP needs to hire you to run the company and stick to field engineering.
Again, thanks for your efforts.
AI
