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Microcap & Penny Stocks : The NEW KANAKARIS: KKRS, The 'MOVIE_SITE?'
KKRS 17.75-0.4%Nov 4 3:55 PM EST

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To: micky who wrote (15)8/3/1999 8:12:00 PM
From: LORD ERNIE  Read Replies (1) of 173
 
Old bad news, but not a murder:

principal part of sec:
In addition, it is alleged that Hackman, a Las Vegas attorney, prepared a false offering memorandum for KCI, sold KCI stock using the offering memorandum, and collected and distributed the proceeds of those sales, retaining a substantial portion of those funds for his own use. It is further alleged that Hackman,<<<<<<< without

authorization from KCI>>>>>>, prepared and filed a registration statement with the Commission which, among other things, misrepresented the shareholdings of KCI's management and major shareholders, stated that no unregistered offerings of KCI's securities had been made within the previous year and, rather than including audited financial statements, contained a review of KCI's financial statements without obtaining the consent of the accountants who prepared the review.

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