InvestorsHub Logo
Followers 7
Posts 1004
Boards Moderated 0
Alias Born 09/28/2010

Re: jaynlottyd post# 34051

Wednesday, 07/20/2011 12:56:27 PM

Wednesday, July 20, 2011 12:56:27 PM

Post# of 64445
A little history on this company, it's parent IVOI formerly IVOC & some of it's siblings. SSWC now KNSC along with TYRIA now SSNTD & several others were spun off from IVOC. The players from the original company kept their fingers in the new companies. Go into the history of these companies & read the SEC filings, you will see the manipulation by the company officers and it continues today. All of the companies that were spun off from IVOC now IVOI including KNSC are virtually worthless or no longer exist. They typically sell millions of shares using BS PRs. When the share sales drop, they pull a reverse split & tell share holders, it will increase the value per share. In this case this CEO doubled the number of shares, sold a few million more then did the reverse split. They have even come up with a new name (authorized share reduction). The sad part is these same characters do this over and over raking in hundreds of thousands or millioms because not many people read the paragraph that always accompanies their PRs. It's called a forward looking statement. That protects them when all the BS PRs they put out don't pan out. The old saying, If it sounds too good to be true,It usually is. Penny stocks are extremely volatile, that's why they say, DO YOUR OWN DUE DILIGENCE (RESEARCH). WELCOME TO PENNYLAND! GLTU