Kingdom Ventures (fka KDMV)

[excel]

Our-Street Update

http://our-street.com/kventures.htm

NOTE: 5 August, 2003 - Well John Jackson finally got around to filing his Form 4's for the stock he dumped prior and during the incredible pump they instigated a few months ago. So how much did John take out of the market? Well, on or about March 25, 2003 he sold 500,000 shares at $.49 per share. That is a quick $245,000. Then on April 21, 2003 he sold another 300,000 at $.90 per share for a cool $270,000. That is a grand total of $515,000. That is far more than he ever lent the company to get going and he has plenty of shares left over. Looks like God is a highly profitable business when you don't care about ripping off your fellow Christians.

We have several problems with his disclosure. First, these reports were due within 2 days of the sale. John has taken more than three and four months to come clean and disclose this sale. This is a clear violation of his responsibilities to the SEC as well as an ethical violation to the shareholders and his congregation. I can only remind you of the now famous Gene Jackson quote about wanting to be transparent to everyone. That must be transparent when it is absolutely necessary, otherwise to heck with any disclosure at all.

Another problem we have is that the first sale took place at a time when the trading on the stock was quite modest. As a result he could only have sold these shares in a private transaction. If these shares were sold in a private transaction, the shares would have to have been re-restricted pursuant to Rule 144. I want to know who bought those shares and were they in fact restricted when issued or did John and Gene kink the deal and keep them free trading? We will be bringing this to the attention of the SEC for their review.

Finally, speaking of Rule 144, where was the 144 filing that should have been filed by John when he intended to sell these shares? Or were these part of those 7,800,000 shares Kingdom registered in February 2003?

Just how rich do John and Gene want to make themselves at the expense of Christian investors and John's congregation? We think it is outright sinful that John would take over half a million from the market over the span of a month and at the same time, I am willing to bet he was passing the plate on Sunday looking for more! Perhaps he should set aside some of that money to repay the members of his congregation who own Kingdom stock at more than the current price and stand to lose money based upon the faith they put in him and his lying, scamming no good brother!