KMA Global Solutions International (KMAG)

[DragonBear]

I'm guessing that the SEC could ban him from being a member of any pubic company and that would end Trio

Yes that would be the end result. Unless TRII is suspended first, Reid gets to keep all company share stock sales profits. Re-inherits all that his private company sold to his public company. Where he probably has sold enough shares to pay off the debt note holders, including himself, and can take it private without any complaints. If it gets suspended first, then he's in a pickle. Likely a huge disgorgement.

IMO, the SEC will suspend TRII first. Then follow with litigation against KMAG.

If one is to "believes" KMAG has no debt note holders, then Reid can take it private with no damage to himself. Just liquidate KMAG, which means liquidating a rpac distributorship. Then recreate as a private company. Just paperwork. Same agreements with rpac.