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To: Mike Ankley who wrote (47)6/12/1999 3:02:00 PM
From: Mike Ankley  Respond to of 97
 
More details on KADING:

Their strategy in a nutshell ...

1. expedite a company going public (through reverse merger, etc)
2. receive stock/cash for #1
3. sell stock from #2 (after stock has been pumped up)

globalstockexchange.net

...

Kading Companies, S.A. ("KDNG" or “the Company”) is a company incorporated under the International Business Companies Ordinance of the Territory of the British Virgin Islands.

...

When KDNG receives it's fees, usually in the form of cash and/or common stock, it places the cash and/or stock into brokerage accounts that it maintains at a brokerage firm in Vancouver, Canada. If and when a strong market develops for the public companies that KDNG now has ownership in, KDNG's intention is to strategically liquidate it's holdings in any given stock. If appropriate at the time, KDNG anticipates distributing 80% of the cash as special dividends to the shareholders of KDNG. Any remaining stock position will eventually be liquidated over longer time horizons.