{"id":3425,"date":"2013-12-13T15:14:07","date_gmt":"2013-12-13T15:14:07","guid":{"rendered":"\/?p=3425"},"modified":"2013-12-13T15:14:14","modified_gmt":"2013-12-13T15:14:14","slug":"kleangas-energy-technologies-inc-otcmktskget-bubbles-over","status":"publish","type":"post","link":"\/articles\/kleangas-energy-technologies-inc-otcmktskget-bubbles-over\/","title":{"rendered":"Kleangas Energy Technologies, Inc. (OTCMKTS:KGET) Bubbles Over"},"content":{"rendered":"

Kleangas Energy Technologies, Inc. (OTCMKTS:KGET<\/a>) is not having any luck with its new appearance and ticker. As of February this year, the new company moved from bad to worse, sinking and coasting along at triple-zero levels for months. Now, KGET<\/a> is making a small run, emerging to double-zero levels. The ticker grew by more than 90% to $0.0042, a not unusual trick for those underpriced shares. Dollar volumes were above $261,000, a large amount of the company’s total cap, which is now about $1.32 million. \"KGET1213.png\" <\/p>\n

KGET<\/a> is a textbook case- the newcomer that tries to develop clean energy technologies. This may certainly sound encouraging on the surface, but KGET<\/a> has also tried other hot and promising businesses, with little success. Previously, KGET<\/a> has posed as a mining company and a capital firm.\"FTTN1213.png\"<\/p>\n

Added to this are more than 314 million shares outstanding. So far, we have not covered KGET<\/a> in its new incarnation, and the immediate expectation is that the ticker will retrace to lower positions very quickly. There are also 3 billion authorized shares, and recently, 2.1 billion shares were issued to KNGS Acquisition, Inc., making the firm a controlling shareholder in the company.<\/p>\n

The pieces of the puzzle start to fall together, as KGET<\/a> also went through a period of promotion in September. The mailers have been silent for a while, but the company was prepared with developments and PR messages, which boosted the publicity and led to the buying interest in the past days. But the news were mostly negative, as now KGET<\/a> turns out to be a vehicle company for large insider owners.<\/p>\n

The ambitions of KGET<\/a> to solve the world’s energy and pollution problems are mismatched to its financials:<\/p>\n