Replies to post #6253 on KeyOn Communications Holdings, Inc. (fka KEYO)

[janice shell]

I suspect based on my knowledge of Keyon they were delisted for not meeting requirements. It was a bit of a capital intensive business in a very competitive environment and its business model seemed unimpressive to me.

The history of this company is odd, and it's too late tonight for me to try to sort it out. It went public through a reverse merger transaction with Grant Enterprises. It began trading on the OTC as KYCS on 23 August 2007…

http://www.sec.gov/Archives/edgar/vprr/07/9999999997-07-048869

...and subsequently it apparently applied for listing on the Nasdaq in November 2007:

http://www.sec.gov/Archives/edgar/vprr/07/9999999997-07-048869

Discovering what happened next would be easy, if FINRA hadn't destroyed much of the usefulness of the Daily List last month. Suffice it to say, what FINRA did is beyond maddening.

A CertNas is filed just before the company in question has been accepted for listing on the Nasdaq; normally listing follows pretty much immediately. And yet in its 10-K for fiscal 2009, KEYO says:

From August 23, 2007 through November 1, 2007, KeyOn’s common stock was quoted on the OTC Bulletin Board under the symbol KYCS.OB, and since November 2, 2007 KeyOn’s common stock has been quoted on the OTC Bulletin Board under the symbol KEYO.OB.

http://www.sec.gov/Archives/edgar/data/1335294/000117120009000182/i00094_keyon-10k.htm

So what happened with the CertNas?? It says:



Beats me. The "registration" in question is the Form 8-A12B filed by KEYO.

http://www.sec.gov/Archives/edgar/data/1335294/000110465907084089/a07-29697_18a12b.htm

Later, in 2010, it filed an 8-A12G. Filing two forms 8-A is unusual.

http://www.sec.gov/Archives/edgar/data/1335294/000117120010000696/i00346_keyon-8a12g.htm

And then we have all the subsidiaries. But one thing IS clear: all that is over now. Dr Soon-Shiong is not a beneficial owner of KEYO.