Needed a salmon snack from the river by my den. Delicious. I tripped over a pile of "newspapers" scattered outside my lair. Before returning to its warm confines I must comment on the reliance on written word that is now more than a year old.
We must ask, why no filings in that time? Logical answers and responses:
1) The litigation required that silence. NO. KK filed for many years while the litigation was most heated. In addition, attorneys cannot advise clients to disregard federal law and regulation -- could lead to disbarment.
2) KK is lazy, or there is inadequate staff. NO. Jacqueline Flynn assembles the data for the filings that are sent to the accountants. JF is still at GERS. KK may be many things but he is not lazy.
3) KK has not filed for specific reason(s) of which we know nothing. Very Likely. For example, He could be preparing to take the company private; the timing of the silence and the settlement discussions being substantive are consistent with this. (Remember he filed a NT-10K indicating that he was going to file in ten days just before the silence; just before settlement discussions heated up).
Or, KK has made significant changes in ownership and governance structure that he does not want to report that he would be required to make public if he filed. All appropriately approved by the "board of directors". All perfectly LEGAL and binding.
Bottom line -- we have absolutely no certainty who owns what at this time. I consider it absolute folly to assume anything about percentages being held as gospel in the face of this silence and the likely reason for it. Actually, it is folly to assume ANYTHING in the face of this wall of silence -- it is NOT innocuous.
As for the diatribe I read about KK can't do that! We will sue his butt off! RIDICULOUS! A judge would likely dismiss such a suit with, "If you did not know that KK was the sole member of the board directors and legally empowered to execute these actions you should have known; and if you did know, caveat emptor!"
As for the nice little PPS run, there are two plausible reasons alone or in combination. Only GERSlanders have an idea what is happening here. How could any one else outside the inner circle; no filings, no PR, no coverage (which we have tried and failed to stimulate) in the trade journals. Just a huge wall of silence while the rest of the market has been running wild.
So, this little PPS run likely is a result of GERSlanders not seeing the falling PPS that they expected and are now panicking a little and increasing their positions before Feb 14, and/or the inner circle and their greed. If the latter, expect the announcement before Feb 14. The good thing if the run is due to these factors we should expect only minor diminution of the PPS due to penny flippers that have found their way here -- until and if there is ever any filings or announcements.
Yawn ...
News 
Market Data 
Discover 
