Supriem Longterm, did you read this hilarious PR from KMLD yesterday?
"Khangolov Resources Inc's President, Frank Love, the majority shareholder, has in place a plan for all of the Kinti Mining Lmtd. Shareholders, which will prove extremely beneficial for the company and its loyal stakeholders in the very near future which will also have continuity into the distant future as well. He has asked that I do not discuss this at this time until all of the potential shareholders looking to invest into Kinti Mining Lmtd. have had a chance to do so."
Kinti Mining (KMLD) Discusses the Lack of Liquidity of Its Common Stock to Its Shareholders and Its Joint Venture Discussions
LEXINGTON, MISSISSIPPI--(Marketwire - Jan. 26, 2010) - Kinti Mining Limited's (OTCBB:KMLD) President, Richard Byrd, makes the following statement, "I wanted to take the time to discuss the lack of liquidity of our common stock.
Currently Kinti Mining Lmtd. which trades on the grey sheets under ticker (KMLD), has only 50 million shares authorized, issued and outstanding. Of that, approximately 60% (30 Million shares) is held by our majority shareholder, Khangolov Resources Inc. Another estimated 20% (approximately 10 Million Shares) is held tight by corporate friendly shareholders.
Due to the fact that we are not on the pink sheets, we do not have a dedicated market maker servicing the market in (KMLD) common stock. Thus our basic stock chart is extremely volatile. I plan to change that by filing a 15c2-11 very shortly and bringing Kinti Mining Lmtd to the "Current Information" status with Pink sheets."
Kinti Mining Limited President, Richard Byrd, further states, "Khangolov Resources Inc's President, Frank Love, the majority shareholder, has in place a plan for all of the Kinti Mining Lmtd. Shareholders, which will prove extremely beneficial for the company and its loyal stakeholders in the very near future which will also have continuity into the distant future as well. He has asked that I do not discuss this at this time until all of the potential shareholders looking to invest into Kinti Mining Lmtd. have had a chance to do so."
Kinti Mining Limited President, Richard Byrd, also states, "As you know, we have been through a few ups and downs recently but I assure you we are still dead square on target with our plan to bring great value to Kinti Mining Lmtd. and its loyal shareholders.
Our proof is in the shares outstanding. You can look at the basic chart for Kinti and what you will not find is dilution or dumping of corporate stock. What you will find is a great company building a fantastic future for itself and its shareholders.
Had I moved forward with the 2 for 1 forward split, we would have ended up with the exact same share structure and exact same liquidity issues. Basically, our majority shareholder and Board of Directors knows that Kinti Mining has massive potential in the very near future and they are just not willing to lose their combined grip on the common stock at this time. Also, as President of Kinti Mining Lmtd, I have not sold a single share of my personal stock since I believe in the company's bright prospects."
Kinti Mining has been in talks with a Colombian Mining Company. They were impressed with our gold and diamond project located in Guyana as explained in the previous Press Release. We are negotiating the terms in which to get the property into full production. Details will be provided once we have finalized an agreement. Richard Byrd comments, "This is extremely exciting since it will allow us to bring immediate cash-flow into Kinti and have the financial backing of a well-established mining company".
Kinti Holdings has 50 million shares that are issued and outstanding that trade under ticker symbol KMLD.
ABOUT KINTI HOLDINGS
Kinti Holdings, trading symbol KMLD, Please visit our website (www.kintimining.webs.com) for our disclaimer.
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