There's another high volume trader out there. Although this one has fallen fast at the open, the fat lady says there is too much money behind it to start singing. Two hours into the market day the stock is down 90% on volume of over 18 million shares traded. Buys and sells are about even with about 49% buy orders and the remaining as sell orders.
They put news out today:
Here is that headline: KleanGas Acquires Worldwide Exclusive Patent Pending Hydrogen Convertion Technology for Internal Combustion Engines (more on this release in a moment)
On their web site they have a very detailed video that tells their story. Here are some screen shots of that video:
Danny Klein opens the video.
Bill Wylie, the President and CEO comes in next.
Ed Grimm - who incidentally is "NASA Certified" speaks next.
Carlos M. Garcia, M.D, - the owner of Utopia Wellness speaks next.
We get some shots of this device.
Then we see this guy inside the device. We assume he is okay.
Now here's the money shot: The Stock Symbol KGET.
Here are some comments on IHUB, where it is the most active board:
Carboncita just shared the Barchart.com Cheatsheet: $KGET Trader's Cheat Sheet http://www.barchart.com/cheatsheet.php?sym=KGET
lalalaland comments: "3billion AS gl gettng out guys"
pennyserialkiller comments: "If the bounce happens as it will we close at .04" and earlier said "Im thinking we make up 75% of the loss By eod"
HERE IS THE PRESS RELEASE:
KleanGas Acquires Worldwide Exclusive Patent Pending Hydrogen Convertion Technology for Internal Combustion Engines
KleanGas Energy Technologies, Inc. (OTCQB: KGET) announced the Company acquired a Worldwide Exclusive Patent Pending Oxy-Hydrogen Generator Technology for all Types of Gas and Diesel Internal Combustion Engines.
KleanGas President William Wylie announced the company has completed the acquisition for the worldwide exclusive license of the KleanGas Oxy-Hydrogen Generators from Company Founder Dennis Klein. The Patent Pending Technology will allow KleanGas to manufacture the generator systems for use in most Gasoline and Diesel Internal Combustion Engines, for cleaner burning, reduced emission, and improved mileage for most types of engines used in automobiles, trucks, construction equipment, locomotives and seagoing vessels.
The technology is based on the real-time production of oxy-hydrogen, in which hydrogen and oxygen are generated on demand and introduced into the combustion engine. The system produces hydrogen and oxygen and both gases are then injected directly into the air intake of the engine. In the engine, the oxy-hydrogen acts to alter the combustion profile of the fossil fuel such that the chemical energy is released at a more auspicious point in the power cycle, resulting in greater adiabatic efficiency and lower emissions. By converting more chemical energy into mechanical energy, the engine operator is able to reduce fuel consumption and dramatically lower harmful exhaust emissions (CO, PM, HC, NOx).
Tier 3 Vehicle Emission and Fuel Standards Program
The proposed Tier 3 program is a comprehensive approach, considering the vehicle and its fuel as an integrated system, aimed at addressing the impacts of motor vehicles on air quality and public health. The program proposes to set new vehicle emissions standards and lower the sulfur content of gasoline beginning in 2017. The proposed vehicle standards would reduce both tailpipe and evaporative emissions from passenger cars, light-duty trucks, medium-duty passenger vehicles, and some heavy-duty vehicles. The proposed gasoline sulfur standard would enable more stringent vehicle emissions standards and would make emissions control systems more effective. The Kleangas Oxy-Hydrogen Generator system is expected to be available to end users, fulfilling compliance with the Tier 3 Emission requirements prior to the mandated 2017 deadline.
For more information visit the EPA website: www.epa.gov/otaq/tier3.htm
The Kleangas Intellectual Property Patent Application is filed with the United States Trademark & Patent Office for both USA and Foreign Patent Rights under Patent Application #13/5,89106.
For more information visit: www.kleangas.com
About Kleangas, Inc.
KleanGas Energy is a research and development company dedicated to producing alternative clean technologies that promote energy efficiency throughout a wide range of applications. KleanGas designs, develops and manufactures various technologies including Oxy-Hydrogen on-demand generators, Fuel Cells, solar to Hydrogen, Welding, Cutting and other products to deliver a clean gas that provides energy savings, emissions reductions, on diesel, natural gas applications or fuel cells. All of our products are designed to assist companies in reducing operational costs, providing a competitive advantage and increasing your profitability.
Safe Harbor Statement:
Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as KleanGas or KGET or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Here's their video streamed from their site: