Manuel Asensio and Asensio.com ("Asensio") report that the investigation into Alaska Attorney General Gregg Renkes’ role in assisting KFx Inc. (AMEX: KFX, $8.80) with its Alaska stock promotion schemes has been widened to include the relationship between KFx and Governor Frank Murkowski. The Governor’s Chief of Staff Jim Clark has refused to comment on the Governor’s KFx-paid trip and has delayed the release of documents related to KFx.

Manuel Asensio and Asensio further report that KFx has been successful in down playing the significance of its Alaska schemes. It is not surprising to witness such shamelessness coming from a company that is still promoting a 29 year-old failed business idea. Nor is it surprising to see KFx’s Wall Street analysts also shamelessly coming to its support. KFx is an extremely questionable company living-on schemes to promote its stock. Our predecessor’s, Asensio & Company, 8 year investment record from 1996 to 2003 has proven that despite the full efforts of Wall Street’s largest bulge-bracket firms and media support (two things the low-grade KFx promotion has always lacked) and despite regulatory failures to protect investors, those that ignore the reasonable, fact-based warnings of investor advocates can not generate investment profits. Few investors have received a more dire warning than those involved in KFx’s absurd scheme.