That S-1, every time-consuming version of it, is full of warnings and red flags. Kennay and his lawyers are doing their best to cover his ass, while making it clear to his victims: "I have ripped you off before, and I am going to rip you off again." Note the section about the spin-off being subject to objections (and lawsuits) from the disappointed victims of the first false spinoff promise. Yes, they have a good reason to be pissed off. Also note the section referring to conflicts of interest with regard to the valuation of assets transferred from KATX to BVIG. There he is essentially putting everyone on notice that the whole deal is a scam designed to enable him to sell more bogus stock. At some point, the astute investor should begin to get the point. KATX/BVIG is a scam. The S-1 is a good place to start figuring it out. But for the real good stuff, you have to look back at some of those old false filings. Priceless. We caught him several times lying in them, and he went back and corrected them. Make no mistake about it: Kennay's a crook, just doing what he has to to get away with doing what he does for a living. Buying and holding any Stead stock is financial suicide.
Even if the spinoff happens (which I doubt), what have you got? Nothing but lies and hype. Why anybody would want to put his money in such a thing is totally beyond my understanding.
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