I've recently received information on the new Internet site KeyClub.net, and gave it a look. While browsing through their site, I found them to be a publicly traded company. Being a successful and diligent day trader, and a self proclaimed Internet Expert, I decided to perform some research on the company – which lead me to this thread.
Since this is my first posting to this section, I do believe a quick mention of my background would be helpful. Two years ago, I sold my portion of a psychiatric practice to my partners. After taking a 3 month vacation, I dove into the stock market arena and learned about Internet technologies. I found the Internet to be so fascinating that I went through the Microsoft MCSE and Internet courses – just to learn more. My knowledge has provided me with the tools needed to rack-up millions in good Internet relates stocks.
For the last two days, I've performed adequate research on KCAP to offer, what I believe to be, a well informed opinion. Much research was performed and numerous phone calls were made to several individuals, including those mentioned in this thread. Here is what I found:
Key Capital Corp. is a company that was founded by the Seling family back in November 1986, and was originally called ELITE Computer Service, Inc. The business was started in their home. Around three years ago, they started the process of taking the company public to raise expansion capital. They were able to raise some funds through a 504, before becoming public, to help with some expansion and to cover some of the cost to go public. After the company was approved by the NASD, they had some problems finding a reliable Investor Relations firm. My understanding is that after several months of frustration, they lucked out and hooked-up with Mr. Peter Boonen and Mr. Barry Evans. From my research, it seems that Mr. Evans has a solid business and financial background.
Since that time, it seems that they have created a new company called TotalCorp, Inc. and moved the computer operations to TotalCorp. The company's name was then changed to Key Capital, with the intention of becoming an investment banking company. Since that time, I believe they have made the decision to transfer the investment banking functions over to a new company “Select Corporate Services” so that full concentration at Key can be placed on their Internet commerce site. From one of the press releases, individuals who owned Key stock on Aug 14 will be issued restricted Select Corp. stock once Select is authorized to trade. My guess for selling off TotalCorp was to remove any possibility of computer based companies viewing KeyClub.Net as a potential competitor and not as an ally (a good move by KCAP).
In addition to reviewing the company, I have reviewed the last several months of KCAP's trading history. I believe the company has made all the right moves up to this point, except for one. I strongly believe from my two years of stock and Internet experience that KCAP has the potential to become a $20 or $30 stock in the next two or three years; however, their intense push to increase the stock price through their PR firms was about two or three weeks premature. If I were part of KCAP, I would let the stock take its natural course and increase in value on its own merit. After visiting their Web site, I know from experience that they must have some top notch developers working on the site, and a good business relations exec hooking-up with quality product and service companies.
It's my educated opinion that this stock will continue to increase in value – despite the efforts and comments generated by Auric Goldfinger (Mr. David Travis) and his allies. I'm sure that the mere mention of his name will generate a professional response. My professional psychiatric conclusion of Mr. Travis, derived from his comments, points to an individual that was previously betrayed or challenged by an individual or company, and has developed a revengeful agenda for his own personal gain. I have no doubt that Mr. Travis does not understands that financial damages that he may be causing retired and middle-class individuals through his trading actions. He portrays himself as a Robinhood or God, but I'd be interested in seeing how often he distributes the profits from his intentional stock shorting to charities.
I'm looking forward to Mr. Travis' comments to my input almost as much as my long turn investment in KCAP stock.
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