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Re: king oil post# 6741

Tuesday, 06/21/2011 10:05:34 AM

Tuesday, June 21, 2011 10:05:34 AM

Post# of 6752
Volume means that this stock was not used for the fraud, it's pretty clear. This traded almost nothing since the symbol change.

A typical penny stock fraud involves pumping the stock price, selling the stock and raise money through fraudulent communications.

The charges imply that they were raising the money from investors outside of the stock market.

And since they never complied with their duties regarding this merger (there was no news issued, and no bureaucracy duties as well), I'm wandering if Kip has the rights to reclaim this shell back to himself.
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