I don't know what's going on... I'm still holding but I'm starting to be tired of that company... They have good products and good spokespersons, but nothing is happening. They have to do semething, give some good news to see the PPS go up.
quote:Is this stock ever going to break .12?
Be careful what you wish for....it's no longer at .12
THE GOOD NEWS:
quote: KLGE: Marketing and Vendor Agreements w/newegg.com, ecost.com, and Buy.com 08:18 a.m. 05/07/2007 Provided by
Ridgeland, MS, MAY 07, 2007 (EventX/Knobias.com via COMTEX) -- By Fain Hughes, fhughes*knobias.com
Klegg Electronics, Inc. (KLGE) has signed online marketing and vendor agreements with some internet online electronics vendors that include newegg.com, ecost.com, and Buy.com
All three online vendors will soon be promoting the Klegg Genesis line of convergence and portable electronics along with other online vendors such as Amazon.com and PCMall.com. Some products will begin to appear online and become available for purchase beginning in Late May 2007, while additional products will become available as they are shipped to distributors over the next 4-8 weeks.
The Genesis line is a High Definition Television built with a full Windows Vista computer. This new Television, has a fully integrated Vista PC with a wireless keyboard included, so it's functional as both a High Definition TV and a computer. The Klegg Genesis line also includes the Klegg Mini MP3 player sold as a stand-alone.
Klegg Electronics, Inc. (Pink Sheets: KLGE) today announced that a one-for-ten reverse split of its common stock was approved by its Board of Directors. The reverse stock split will become effective before the opening of trading on May 8, 2007. Upon the opening of the market, Klegg's common stock will begin trading on a reverse-split basis under the trading symbol "KLGG".
As a result of the reverse stock split, every ten shares of Klegg common stock will be combined into one share of Klegg common stock. Fractional shares that result from the reverse split shall be rounded up to the nearest whole share. Klegg's Transfer Agent, Integrity Stock Transfer will not require shareholders to exchange their certificates.
In conjunction with the reverse split all outstanding preferred shares have been converted into common shares bringing the total outstanding shares of common stock to 34,111,482 as of the opening of trading on May 8, 2007.
Klegg's Board and management team are pleased with the decision to complete the reverse stock split. They believe that the reverse stock split should make the company's stock more attractive to a broader group of investors, and create a capital structure that should sustain the rapid growth that Klegg expects in the near future.
"Klegg is currently preparing for rapid sales growth, increased distribution and brand recognition, in addition to our plans to resubmit our registration statement with the SEC, in attempt to move from the Pink Sheets to another exchange" states Dennis Gentles CEO of Klegg Electronics, Inc. "Klegg's Recapitalization comes at an exciting time in Klegg's development, and will create a strong foundation to support our future activities"
About Klegg Electronics, Inc.
Klegg Electronics, Inc. (Pink Sheets: KLGG) is a manufacturer and distributor of high quality consumer electronics. Klegg Electronics has focused on designing a variety of products that work seamlessly together within the home. The corporation is headquartered in Las Vegas, NV.
Safe Harbor Statement Source: Klegg Electronics, Inc.
Hmmm, this is the first stock I've ever held that went through a reverse split and actually went up in value rather than down right away.
Wonder if it will be worth keeping? Anyone still in this?