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I just got off the phone with the IR...The float is 7million...the os is around 20mil. They just had an interview on tradersnation. They manufactor the Kleg mini.On Sunday after the Pro Bowl they are sponsoring the Contender the name of the company will be in the middle of the ring..Also they will run 6 30sec adds featuring paula abdul...then mon paula will be on the tony danza show promoting the kleg mini and everyone in the audience will recieve one free. the orders according to ir have been huge. The company also make other electronics such as speakers and plasma tv's..they are listed on the pinks while the paper work goes through for the nasdaq filing....
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Finally Klge went up, and I am starting to recover from my losses. This will be a big weekend and big upcoming week. Klge is set to go up. Now all we need is store selling.
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That's the question bothering most of us. The one thing I look at is that it only started trading through brokerages in early Jan. So it is very new.
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Have they given us any exact dates about changing to Nasdaq or selling in stores? And are they gonna release any financials at some point?
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Come on do some sort of research yourself. Some people ask some of the most basic questions. Are they selling in stores? Look for yourself. Look on Best Buy, Radioshack, Circuit City anything. If they actually announced they had struck a deal with a major retailer like Best Buy or C.City the stock would go through the roof. Hell they could announce that they are selling at Bob's discount electronics and it would rise. They are only selling off their website that I can see. Go to pricegrabber.com and let me know how many you see for sell there. Go to Ebay and let me know how many you see there. Pricegrabber has a whopping zero and Ebay has a combined total of one listing. Now do the same search for Ipod. Ebay came up with over 93,084. It will take alot for them to strike a deal with any major retailer.
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I just saw on MSNBC that Apple just lowered the price on their Ipod's. Their shuffle 512 was lowered to $69 and their 1G was lowered to $99. Looks like the NANO's were lowered also.
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So "The Contender" will be on Sunday, I think it is a safe bet that a lot of people will be buying in before the weekend. This is going to go up, way up, it is inevitable. I wouldn't be suprised to see a nice PR to help the PPS before the weekend either.
Also, with the coverage on the Danza show, and all the airtime it's ads will get on Sunday, I am sure more people will be buying in. Add to that that after the marketing on Sunday and Monday, I would be certain of some nice PR's, which means higher and higher PPS's.
I almost feel like a criminal for getting in at $.80...
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain
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I would normally agree with you, but since you got in at .80 you weren't here when the mini klegg was on the view, fox news, and a few other shows and the price still dropped
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quote:Originally posted by Veatsol: Come on do some sort of research yourself. Some people ask some of the most basic questions. Are they selling in stores? Look for yourself. Look on Best Buy, Radioshack, Circuit City anything. If they actually announced they had struck a deal with a major retailer like Best Buy or C.City the stock would go through the roof. Hell they could announce that they are selling at Bob's discount electronics and it would rise. They are only selling off their website that I can see. Go to pricegrabber.com and let me know how many you see for sell there. Go to Ebay and let me know how many you see there. Pricegrabber has a whopping zero and Ebay has a combined total of one listing. Now do the same search for Ipod. Ebay came up with over 93,084. It will take alot for them to strike a deal with any major retailer.
No, if you go to thier website, you can find some stores that they are sold at It's pretty much all west coast tho...a whole lot of the stores are in Cali....
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Ya, I saw the list. That is why I threw Bob's Discount Electronics in there (I was kidding when I threw it in there). If you check into their main supplier The Good Guys you will find that all of it's 46 locations are closed. They said they are still supplying their inventory with Compusa. If you look on the CompUSA website you will find that they do not carry Klegg. Does anyone know if they carry any Klegg products in any of the local CompUSA stores?
"Attention All Good Guys Customers
All California Good Guys stores close, while home entertainment products and expertise expand within CompUSA locations.
In response to consumer buying preferences and demands, Good Guys is closing the doors to its 46 locations.
But don’t worry. The same home entertainment products and experienced staff you know and trust will soon be found exclusively inside California & Hawaii CompUSA stores.
Store closings mean huge savings!
These store closings mean huge savings for customers in Good Guys locations, where you’ll find the best in high-end entertainment products, including televisions, video, home audio, cameras and car stereos -- all available with steep discounts."
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first of all the product has only been around for 2 months. secondly they sell more than just an mp3 player...listen to the interview with tradersnation. they plan on mass distribution I would think it is more important to have ou ducks in a row first don't you. i think they are doing well by promoting it this way....remember that this is all funded in house so they don't have an infinite budget nor are they looking to dilute the stock...
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Thanks for the response Doling. Things are looking on the up and up and I think we are about to see a major shift. Hold on and enjoy the ride.
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She is trying to move up... I think it is a safe bet that we won't be seeing the $.80's again anytime soon. Not really enough volume to push it up too much at the end of today. I am looking for higher volume tomm, and if we can break through $1.00 I think it will really start to take off.
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain
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I wonder if this has anything to do with the way this stock is trading. I find it very interesting that Dennis chose to release this info from Klegg instead of allowing it to filter through regular channels.
KLGE Reports SEC Approves NASD Request Requiring 5,600 Brokerage Firms to Disclose Monthly Total Short Interest Positions Thursday February 9, 2:52 pm ET
New Requirement Will Allow Investors and OTC Companies Ability to Track Shorting
LAS VEGAS, NV--(MARKET WIRE)--Feb 9, 2006 -- Klegg Electronics, Inc. (Other OTC:KLGE.PK - News) is pleased to announce the SEC News Digest reported approval of the NASD's request to require all NASD member firms to disclose Total Short Interest positions on OTCBB and PINKSHEET securities. Source: Klegg Electronics, Inc.
As stated by **********, "On September 20, 2005 the NASD filed with the Securities and Exchange Commission ("SEC") a proposed rule change to amend Rule 3360 to expand short interest reporting requirements to over-the-counter equity securities. The term "OTC Equity Securities" shall mean any equity security that is not listed on the NASDAQ Stock Market or a national securities exchange. Each member firm shall maintain a record of total "short" positions in all customer and proprietary firm accounts and shall regularly report such information to the NASD as of the close of the settlement date designated by NASD. Reports shall be received by NASD no later than the second business day after the reporting settlement date. The term "Customer" also includes accounts of other broker-dealers held at each firm."
Dennis Gentles, President of Klegg Electronics, stated, "We welcome the evolution of the OTC Exchange. This new requirement by the NASD will allow OTC companies and investors the ability to track shorting and gain better insight towards preventing these activities. During 2005, endless investors have made huge gains and losses investing in the OTC market." Mr. Gentles further stated, "We are now approaching a new era where PinkSheets.com, SEC and NASD are all working to make OTC investing information friendly and potentially more profitable as well."
About Klegg Electronics, Inc.:
Klegg Electronics, Inc. (KLGE) 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.
For more information please contact Investor Relations at 973-351-3868 for Stephen Taylor or visit the company website at: http://www.kleggusa.com.
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the internet, and extreme sports industries, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
CyberAds Orchestrates "Klegg Mini" Campaign on Planet X TV Friday February 10, 6:00 am ET
TORRANCE, CA--(MARKET WIRE)--Feb 10, 2006 -- CyberAds, Inc. (OTC BB:CYAD.OB - News), an extreme sports and lifestyle marketing company, is pleased to report the company has executed a media schedule for Klegg Electronics world's smallest color display MP3 player known as "Klegg Mini." The Klegg Mini will be broadcast on the Planet X TV network that reaches over 70 million households worldwide. The campaign, which began airing this week, includes opening and closing sponsorship billboards and two 30-second ads during each half-hour show on Planet X's Xtreme Life program. Paula Abdul, "Diva of American Idol," and Verné Troyer known as "Mini Me" on "Austin Powers" are both featured introducing the world's smallest color display MP3 player by Klegg in the ads. ADVERTISEMENT
"On one hand we have an innovative consumer electronics company that is introducing a revolutionary new product that appeals to today's young, technologically savvy marketplace," stated Pat Stimpson, Marketing executive for CyberAds, "while on the other hand, we have a cutting-edge media enterprise that features extreme sports and adventure programming that the youth market craves. It's a business marriage made in heaven."
CyberAds is a sales and marketing company that specializes in marketing products to young active consumers. The company works with manufacturers of sports, and entertainment products such as Rhino Off-road Industries, Aqua Xtremes/"Xboard," and Klegg Electronics to build distribution networks and develop sales and marketing programs for their products. The company also develops media properties focused on the extreme lifestyle marketplace including the Planet X Group. For more information, visit www.CyberAdsInc.com, or call (800) 288-3099.
-------------------- Never underestimate the stupidity of people in large groups.
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I'm holding. This wan't even one of the press releases we were waiting for (selling in stores or moving to Nasdaq). This could go even higher if we get one of those press releases.
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After the promo period, KLGE Management (Dennis) will PR that he has filed for a higher exchange. That in itself should bring a truck-load of new money into this.
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