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Manuel Asensio Report: Oct. 20, 2004 KFx haunts Renkes.

Manuel Asensio and Asensio.com ("Asensio") report that today the Anchorage Daily News reported that Alaskan legislator Senator Hollis French has asked for the removal of Alaska's Attorney General Gregg Renkes from a panel negotiating taxes and terms with companies building a gas pipeline. The removal request was based on Mr. Renkes KFx Inc. (AMEX: KFX, $8.15) dealings.

Manuel Asensio and Asensio furthe report that Renkes reportedly promoted KFx to Alaskan and Taiwanese government officials and publicly touted KFx without disclosing a series of material conflicts of interest. Renkes owned KFx stock, had been retained and paid directly by KFx and KFx's partner and has served on a KFx advisory board. Renkes has ties to former managers of Jefferies & Company who are KFx shareholders. Renkes purchased KFx shares one trading day before a Jefferies analyst promoted KFx on a CNBC television show. Renkes also has ties to John Venners, KFx's co-founder and illegal KFx stock trader, through a discredited penny-stock sham.

 

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Renkes' panel spot contested

 

HOLLIS FRENCH: State senator sees Alaska attorney general as potential liability.

By PAULA DOBBYN Anchorage Daily News October 20, 2004 
 
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