Replies to post #119583 on The Golden Lounge

[Jim Bishop]

The post you responded to was absolutely correct on the date it was posted. Check the filings.

Now as far as the change to the 1:20 reverse split, you can believe their filing or you can believe the Naz/NASD and the Daily List as to whether it's been done.

I choose to believe the latter.

Companies consistently get these things wrong by thinking the record date they set is the date that counts...it's not.

If the R/S had taken place on the 7th, the MM's would have split adjusted the price on the 8th. They didn't and they won't until whatever Ex Dividend Date is set by Naz or NASD.

QKBY        open      high     low     close    change       volume             
  03/09/07   0.0080   0.0300   0.0080   0.0300  +0.0300     3,048,571             
  03/08/07   0.0000   0.0080   0.0060   0.0000  -0.0060             0             
  03/07/07   0.0060   0.0060   0.0060   0.0060  +0.0010        11,867             
  03/06/07   0.0060   0.0060   0.0050   0.0050  +0.0050       250,000             
  03/05/07   0.0000   0.0060   0.0050   0.0000  +0.0000             0             
  03/02/07   0.0000   0.0060   0.0050   0.0000  +0.0000             0             
  03/01/07   0.0000   0.0060   0.0040   0.0000  +0.0000             0             
  02/28/07   0.0000   0.0060   0.0030   0.0000  +0.0000             0             
  02/27/07   0.0000   0.0050   0.0030   0.0000  -0.0030             0             
  02/26/07   0.0030   0.0030   0.0030   0.0030  +0.0000        60,001             
  02/23/07   0.0030   0.0030   0.0030   0.0030  -0.0020        70,000             
  02/22/07   0.0060   0.0070   0.0030   0.0050  -0.0010       871,978             
  02/21/07   0.0010   0.0060   0.0006   0.0060  +0.0040       640,000             
  02/20/07   0.0150   0.0150   0.0011   0.0020  -0.0100       837,906             
  02/16/07   0.0500   0.0500   0.0120   0.0120  -0.0380        88,000             
  02/15/07   0.1500   0.1500   0.0500   0.0500  -0.1000        50,000             
  02/13/07   0.1500   0.1500   0.1500   0.1500  +0.0000           100    

However, having said all that, it wouldn't be the first time I've seen the silly regulators allow a split to be backdated.

Katie Gold comes to mind where they had clearly not followed Section 10-17B and the SEC overruled NASD and allowed them to backdate a forward split.

[TallTrader]

QKBY show me on the OTCBB.com website where the reverse split has been done.

http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=QKBY&OTCBB=True

Its not there.

Ck my other posts over the past year ... every time someone says a reverse split has taken place because its in their SEC filings, but not on the OTCBB website, the reverse split eventually happens and many get burned.