In 2005, new rules were adopted that require former Shell Companies to file “Form 10 Information” with the SEC within four business days after the completion of a Reverse Merger. This information is substantially equivalent to that found in a Form 10 or SEC registration statement and requires comprehensive disclosure of the company’s business plan, risk factors, financial condition, management, properties, and audited financial statements.
Prior to the rule change, Shells avoided disclosure of much of this information for up to seventy-five days after the Reverse Merger was completed. Now Form 10 Information must be filed within four days after the Reverse Merger, and closing must be delayed to allow for preparation time of typically thirty to sixty days.
KNSC is a bloated POS non reporting skull and crossbones. Fact!