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June26,
2008
KELYNIAM CEO LETTER REGARDING STOCK PRICE
Thursday June26, 8:30 ET
Little Rock, Arkansas--(BUSINESS WIRE)—Kelyniam
Global, Inc. (OTC.BB:KLYG
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News), CEO would like to inform shareholders
of recent activity regarding the Company’s stock
price.
Letter from James Ketner:
“I have been inundated with phone calls over the
last week regarding the activity in our market,
and I would like to inform everybody involved
some things that I do know, and don’t know.”
“These are the things I know. The Company is
not selling stock, and the affiliates are not
selling stock. As of yesterday, June 25, 2008,
as indicated on a certified copy of the
shareholder list by our transfer agent, Kelyniam
Global, Inc. had 607,200 shares in Cede & Co.
(i.e. stock registered in street name, i.e.
stock certificates that have been deposited into
brokerage accounts). Out of the 607,200 shares
in Cede & Co, the affiliates as a group hold
430,000 shares; an accredited investor in
California holds 130,000 shares; which leaves
approximately 47,000 shares. Two close personal
friends of mine as a group own over 60,000
shares. The sum total of these amounts exceeds
the total stock that is in street name which
leads me to believe that whoever is selling
stock over the last couple of days does not own
it., i.e. they are shorting stock in order to
drive down the price hoping to strike fear into
our shareholders to get them to sell their
stock. There are more shareholders with stock
in their brokerage accounts than mentioned above
but when the total went negative, we stopped
counting.”
“Some other things I know. The Company is much
stronger today than it was a month ago when the
stock was trading at $2.50. We have had some
obstacles to over come over the last month
regarding the recent acquisition, staying off
predators from the Company stock, and getting
the liabilities (bad people) that once were
involved in Kelyniam out of the way. The
Company is somewhat in a quiet stage right now
and some things need to be ironed out with the
assets, liabilities, and name changes regarding
existing and new contracts. Management is
excited about upcoming events, and is anxiously
awaiting the release of this information to our
shareholders when all contracts have legally
been moved into the Kelyniam name. The company
will be announcing the appointment of a new
Operations Manager, and he purchased $12,000 of
stock at $1.20 for his own personal investment.
A little patience here will be rewarded over the
next couple of weeks.”
“Some things I don’t know. I don’t know who is
selling our stock. I am assuming because our
stock is so thinly traded, because of the huge
spreads between the bid and ask, they believe it
is an easy target. I have no idea when they are
going to stop, what price they intend to take
the stock to, I have no idea what their motus
operandi is or when they are going to realize
that a long would be better than short right
now. They might be surprised of the tenacity of
the Company’s shareholders reluctance to sell.
This could get interesting.”
“Management believes the best way to fix this
situation is to continue growing the company,
stay focused on earnings, and keep moving
forward as planned. I would like to reiterate
again to all shareholders that my mother,
sister, brother-in-law, aunts, uncle, cousins,
business associates, my closets personal friends
are investors in the Company’s stock. They have
been buying, not selling since the Company
started trading. They have continued believing
in what we are doing, regardless of the efforts
of an outside force trying to dislodge their
holdings. Don’t forget, I have them to answer
to everyday, and their opinion of me means a
lot.”
“I hope this helps answer some of your
questions. Please feel free to contact me or
Ms. LynRay if you have additional questions.”
“I appreciate your time and patience.”
Sincerely,
James Ketner, President/CEO/Chairman |
