GKIS had an AS of 25 Million shares (most of which was held by Kimmons and Canion). As soon as they uplisted Kimmons increased the AS to 250 Million.
GKIS opened at $10 when it moved to AMEX.
May 20, 1998 GKIS will be AMEX listed as of Thursday May 21, 1998.
May 21, 1998 started trading on the AMEX at about 11:30 this morning. Traded at 10 on the open...backed off to 9.
Thursday March 19, 9:34 am Eastern Time
Company Press Release
SOURCE: GK Intelligent Systems
GK Intelligent Systems, Inc. Reports Insider Buying
HOUSTON, March 19 /PRNewswire/ -- GK Intelligent Systems (OTC Bulletin Board: GKIS - news) today reported insider buying by various Officers and Directors, including the President and CEO Gary Kimmons. Mr. Kimmons cited the current price level of the stock as his reason for purchasing. ''At these current price levels the stock is in my opinion extremely undervalued,'' stated Mr. Kimmons.
The company also reaffirmed its long-standing commitment to obtain a listing on the Nasdaq SmallCap market, citing the minimum stock price of $4.00 per share as the only known unfulfilled requirement.
GK Intelligent systems is a development stage software company located in Houston, Texas. Upcoming products include Around the Web in Eighty Minutes, an interactive teaching tool using advanced intelligent software, and a dynamic user interface. The product is designed to benefit beginners, intermediates, and even advanced web surfers, in the use of the internet.