I have invested in this stock off and on since 2007, never once walking away with profits. I've never seen a stock like this one with such patterns. When i intially invested I didn't know much about the Market at all but over the years I have learned alot. Yet and still this Stock for some reason still remains such a mystery. I was around when this bad boy went from .60 to $13.00 in two months. I saw this stock hit it's all time low abotu a year back only to bounce back to .80 cents a few months later. KVA, KVB, KVA-A lol whatever it goes by always comes back steady even when all news and message boards are againist it. I have found myself yet again invested in this stock when i purchased a number of shares at the .18 mark just two weeks ago. I have watched it go from .18 to .02 and of course find myself on the losing end once again. But even though the stock is at it's lowest in years, for some reason i remain very optimistic that this time will be a little differant when it's all said and done. Patience is a virtue. This time it's so low that there's no where to run, but who want's to run with opportunity like this. FYI every basher on this board has said this stock would be zero for the last five years, the notion has been the same. Yet and still people are makign 100,000's of thousands of dollars, buying in at .04 and watching this thing go to .70 etc.
I hope staying on the boat this time really pays off. I've jumped ship way to many times before.
No Pumper, No bashing, just a patient KV Long'er :)
google the following:
8-k kv pharma 5-sep-2013
it should take you the 8-K filling posted on yahoo finance.
This was filled with the SEC on 09/05/2013
scroll down to the paragraph labled Confirmation Hearing and Order.
if you read it, you will discover that this plan goes into effect on 09/13/2013.
now scroll down to the paragraph labeled Equity Interests .
now start reading.
Tomorrow, all 64 million common shares will be magically transformed in toliet paper.
Sentiment: Strong Sell
Hey moron when you were told the stock was being eliminated you should have sold. You had an opportunity to get out around .60 and didn't take it. Everyone & I do mean everyone went short and made a fortune on this stock. When the company says it's going into bankruptcy did you think they were joking? There is no competent reason to have held after that day. You deserve to lose all of your money and you did.
Why would you invest hard earned money into a stock that you did not research? At least do the minimum of reading news releases and SEC filings. You should have known that the stock is going to cancelled soon, very soon. Further, a new stock issue is forthcoming but it will be a PRIVATE stock and will not be listed on any exchange.
You know I recently tried to do alot of research on this Stock but only found alot of other blogs etc. that just said the same thing which I've been reading for years how the stock will rebound etc. I didn't come across many articles that had much substance. Not saying you're not correct as you probably are, I would hate to have just literally lost all my money once again but it's my fault for not researching if this is the case. Do you know of any direct articles related that I can read up on, etc. I only say this because I've seen this same wording so many times, as you all have probably too. Come Friday is it going to be delisted for sure? Is this for a specific reason being ont he OTC market for to long? Any news is great news for me at this point.