The penny stock of Kleangas Energy Technologies, Inc. (KGET) showed up on every trader’s radar today just minutes after announcing the acquisition of a patent pending Oxy-Hydrogen Generator Technology for all types of gas and diesel internal combustion engines. Dropping over -90% from the open, KGET stock got the attention of traders alright and Company President William Wylie and Co-Founder & Chairman Denny Klein couldn’t be happier. Looking to make their mark on the EPA new vehicle emissions standards and lower the sulfur content of gasoline which is due to begin in 2017, there will plenty of time to reverse split the old Windsor Resource Corp. (WNDS) as soon as they can drum up some cash of this new idea.
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KGET Stock Quote
Market Cap: 13.05M
Last: 0.0054 ▼ -0.0546 (-91.00%)
Dollar Volume: $171,221
Issued and Outstanding: 2,416,648,358
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One thing you can take to the bank is that Kleangas Energy Technologies is spending some money to attract attention to their IPO style of trading today. A pretty decent website to back up their plans to become a leader in the EPA’s Tier 3 program aimed at addressing the impacts of motor vehicles on air quality and public health.
Klean Energy came out on July 30 with a statement to notify the public that they are now a fully reporting company. They quickly followed it up with a notification of the persons behind the curtain: William Wylie, President & CEO, and Denny Klein, Co-Founder & Chairman. The use of the phrase “maximizing investor and shareholder value” can only mean one thing, prepare for the pump.
With $841 in the bank as of their Q1 filing on May 14 and 2,100,000,000 of the 2,416,648,358 shares outstanding having been used for purchase of Kleangas Energy Technologies, Inc. (“KET”) in August, 2012, does it really matter that the Company has no material assets other than all of the outstanding shares of KET and has no plans to conduct any business activities other than obtaining or guaranteeing financing for the business conducted by KET or assisting KET in obtaining such financing?
About KGET Stock
Kleangas Energy Technologies, Inc. is a development stage company hoping to one day design, manufacture and sell Oxy-Hydrogen Systems.
Click here to view the SEC filings for KGET.
Click here to view the website for KleanGas.
Last 5 Trading Sessions:
Expect to see more PR and more figures of glorified target markets in 4 years time until KGET eventually reverse splits to sop up the sagging shares that can really make this a decent play. For now, plan to see as high as .008 to maybe as much as .01 since KGET is an IPO type penny stock. Even though only about 316 million shares are going to be actively traded, the capabilities of getting some good gas to run above a penny just doesn’t look to be in the cards for now.
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