Yesterday, the barely traded and “Caveat Emptor” designated Kiley Group, Inc. (The) (PINK:KGRI) started all of a sudden to accumulate volume and value on the Pink Sheets market. Around the same time our newsletters system detected an alert on KGRI that did not have a proper disclaimer, suggesting that the stock probably deserves its dark Buyer Beware status on the market. 
KGRI recorded yesterday a new six-month high at $0.0008 and closed the day at $0.0007 with a 133.33% gain from the previous close. Volume was huge with 176.77 million traded shares, though it is not a record as KGRI saw much higher trading activity for a few days in the beginning of September last year. The strong trading volumes and the share price jump were back then accompanied by some alerts with unknown compensation and paying party, and by next to last official PR from the company.
Now, everything looks the same, except for the “news” that has not come out yet. In the above mentioned press release from last September, KGRI claims to be a company that helps small to medium sized companies go public. Kiley Group website doesn’t tell much more and it doesn’t seem so popular either, getting 80 views per day and having an estimated value of $175.
At the same time, the last known number of outstanding shares, again as seen in above PR, exceeds 3 Billion, authorized are 5 Billion (!) and the given public float is 740 Million. Such numbers imply that KGRI has been quite for a while on the stock market and has been quite busy with issuing shares. Unfortunately, the outcome of the Board of Directors’ meeting scheduled for end-November 2010 and concerning the issue of the authorized/issued/outstanding shares has not been announced yet, which allows for manipulation strategies and speculations.
