KGRI: Caveat Emptor!
August 17, 2011: So we're trying to figure out what Kiley Group (KGRI) does to justify a market cap that is currently a minimum of $30 million
The crooked tout, The Stock Psycho at PennyStockAlerts.com, proudly exclaimed in Tuesday night's email to his subscribers, that KGRI was up 14% in Tuesday trading. No kidding? The stock's bid - ask all day long was .0007 - .0008. It closed at the ask. Guess what: .0008 is 14% higher than .0007. Funny how when a piece of garbage is trading at such a low price, 1/100th of a penny is 14%. You, Psycho, are scum. Hey by the way, the difference between .0001 and .0002 is 100%. Make sure when you tout your next crap that you announce that as a double.
Anyway, just what does this company with at least a $30 million market cap do? Almost a year ago, KGRI announced that they were hired to help Buff Water, another in a series of 100s of no-name bottled water companies, go public by way of a public offering. How is this news? What could KGRI generate in fees for this? $100K? Maybe not even that. Then after not hearing from the company for 9 months, they announced on June 9th that they were actually going to acquire Buff Water. We figure that KGRI and Buff Water came to two revelations here. One, KGRI was never going to be able to attract buyers for their worthless stock with a purported line of business involving taking other companies public on the over the counter market. Two, Buff Water obviously didn't have enough going for them on their own because it doesn't take nine months for a legitimate company with a real line of business nine months to go public. It did take that long for the two companies to realize This came from pump and dump.com Who are they?
