$KNSC 20 MILLION REVERSE MERGER w 6 Million ann
Post# of 9961
20 MILLION REVERSE MERGER w 6 Million annually
New mgmt entering
PARLIAMENT HOLDINGS INC
Includes
The PARLIAMENT HOUSE
The GARDENS TIMESHARE
RCI Wyndham worldwide affiliated resorts
The Parliament vacation club offers worldwide LGBT friendly resorts.
Licensing of the parliament name & branding to be implemented.
http://www.parliamentvacationclub.com/ ; ;
20 MILLION Resort Real Estate LOI definitively agreed upon & finalizing.
https://www.marketwatch.com/story/kenergy-sci...13 ; ;
$KNSC, which will undergo a name change to better reflect future business. The company recently redomicled and incorporated in Wyoming for dividend issuance, as well as fee structure, digital filing, no double corporate taxes & franchise related costs.
$KNSC will acquire 100% of the target Orlando based parliament holdings inc. The merger will include a share exchange agreement between the two parties which will reduce the overall float considerably while a retirement of Adel nassar (hibachi grill) shares of 3.2B will reduce it even further.
Much more reasonable SS in the foreseeable future.
Hibachi grille divestiture:
The profitable hibachi noodle grill restaurant franchise in Miami FL will be spun off & divested as a dividend to shareholders imo, hence the move from New Jersey to Wyoming. The grill is expanding, working on opening its 3rd location while a fourth is slated to open early 2018. Management is working quickly and efficiently to increase revenues. Reviews and the food are Stellar. Revenues will be in the multiple millions within the next few YEARS. Actually already 3.5M per the July 31st PR.
https://www.otcmarkets.com/stock/KNSC/news/Ke...=y ; ;
Clean S1 registration & IPO to be revealed in the coming weeks imo
The multiple transactions and corporate actions will solidify multiple revenue streams in a growing industry.
$KNSC interim
CEO Erwin Vahlsing Jr expertise includes corporate turn arounds
Restructuring
Financing
Sec filer, audits
Erwin will build a strong foundation
Highlights:
Acquiring multiple resort properties in Orlando FL currently valued at 20M
Merger details being finalized