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Knowledge House Inc. KHI-TSE
$5.00 to $0.02 in 7 weeks
and Investigation by a concerned shareholder
Why was the subsidiary sold when it was the bulk of the revenues???????
Why did the August 23rd NR say all was well??
How can a company with only $3 Million in debt go belly up????
Where did the Private plaacement money paid Aug 15th GO?
Was national bank keeping the share price up?
Who was selling stock in August?? - Insiders??
I am collecting a list of concerned shareholders - let me know: If you want on the list Send me an email
Last Updated Oct 21st, 2001 : Click here to find out the latest
Oct 18th 3 articles in the Herald - more juicy stuff
Oct 17th - ATV news coverage
Overview (updated Oct 21)
This is not intended to be a pretty Webpage is it is one created by an individual who has gathered some facts and tried to fill in some holes. Since I started this webpage in Mid September, I have shifted my focus slightly in that I am not so concerned that insiders may have been selling while in possession of material facts that the company was ready to go belly up. I still want to know who sold all those shares through National Bank.
I think there are a ton of questions unanswered. I think the Sale of the sunsidiary is one of the most important red flags. WE have continued to hear in the media that the subsiiary was sold off because it was unprofitable. Well it is alive and well and the parent company is worthless and defunct.
The other main issue is the completely misleading news releases and specifically Aug 23 rd stating nothing was wrong while the company did not even have any cash to make the next payroll - very very misleading. I never seena company so blatantly mislead the shareholders.
Some good news already is the the TSE is reviewing the trading on Sept 13th. The NSCC is reveiwing the trading. The Goverenment is all over this and we now have the media all over ot which is great - This story is just beginning - Just beginning. There will be many more lawsuits.
If you are here on this page I need not go into any great detail on where the stock price was and where it is now so I will provide you with link to each of the relevent discussion
A discussion around the sale of the Subsidiary
A discussion and facts around the Insider Trading
A discussion around the timing and the substance of the news releases
3 month price history prior to the halt - the price since then is under 5 cents so who gives a shit 3 months trading history.
Related Emails:
To send the NSSC a complaint or an email
To send the TSE a complaint or an email
Related LINKS:
Company Website which had been a good source of info
All Press Releases for KNOWLEDGE HOUSE (except last one).
Halifax Daily News - Story - Shady Dealings Sept 16th
Halifax herald story - This is incomplete but it was in the papar