MEETING WITH JEFF REID - FRIDAY MAY 04 2012
To all Kmag’rs; please keep in mind I am not a well seasoned, well informed investor with savvy knowledge of terminology etc.
Therefore, you will have to excuse my lack of articulation re: the answers provided for those of you having the questions.
To be honest; I am not at liberty to share everything that was discussed, and quite frankly couldn’t remember for the life of me
everything that was shared-Information overload. This is the God honest truth. It was a true honor and great pleasure to meet
Jeff; and, if he does happen upon reading this, I wanted to thank him again on behalf of the BM’s and myself for taking the time
And being most generous to offer this opportunity.
Questions:
If Kmag doesn’t have the support and volume and increased shareholders can the stock increase in value just on revenues alone?
Answer: If revenues increase it will eventually attract new investors and these two fall hand in hand resulting in pps increase.
2) What is the worst case scenario that can happen to us shareholders based on present production/revs and future business?
Is there a potential for shareholders of losing their capital due to market manipulation or excessive over sell?
Answer: the pps drop was due to massive positions being held from earlier on from 000's – profit taking.
(I can’t honestly remember what else was said aside to this pertaining to my question – sorry)
He is clearly aware of what is happening currently on the pink market with Kmag shorting etc but difficult to pin down.
3) Why did he gag the T.A while totting the co. As being transparent doesn’t make sense. – answer: no gag.
I am not the one who is responsible for this. This is standard policy for any TA and is independent of Kmag.
They won’t release this information to any shareholder.
4)Who is buying back shares? Answer: I am – Jeff Reid.
5)How will investors know shrs were repurchased ?
Answer: We will provide proper notification what the insider has done – float reduction. –free trade to restricted. Not from authorized shrs but off the float.
6) is the buyback all attempts to stop manipulation/shorting? – answer : YES!
7)We can’t call the TA to get a count on the o/s cause the agent has been instructed by the co. Not to release that info.
Why the co. Doesn’t let investors call the TA to make sure the co. Isn’t diluting.
Answer: Not true. 750mil, 609 o/s, 543- float.
8) How concerned are you with the pps at these levels and are you surprised it hasn’t moved in light of all the PR?
What is your plan to combat it and how concerned are you that it can be held down by those who wish to manipulate the pps?
Answer: rumor helps price, news doesn’t help price as we saw recently with the how the pps reacted to news.
Ceekers question: we need pr and marketing? Answer: yes.
Further answer: Not happy with what is happening in the market. I am not one to sit and watch the daily activity.
We are working on increasing revenues with each passing Quarter as quickly as possible to get KMAG into the OTC:QX
Thank you.
If you have any further question or need further clarity please write Jeff personally.
I apologize in advance if my information doesn’t satisfy your inquiry.
Sincerely, Ceeker.
