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15-May-08
Kentucky Energy (OTCBB: KYUS) is Yet Another Pump and Dump
Recently Kentucky Energy (OTCBB: KYUS) has been the subject of a vigorous spam campaign, and as a result of this the stock has been propelled from under 50 cents to over $2.50. This corporation now has a market capitalization of over $80 million despite having only $53,000 in cash, a book value of merely $2 million and a grand total of three employees (see this and this for references). Another interesting tidbit from the latest 8K is:
KY USA only has sufficient funds to conduct its operations for three months.
Caveat emptor.
Posted at 09:34 in External Blog | Permalink | Comments () | Top
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