Lowman's Penny Ponies (CENTS)

[tanner12oz]

NGHT Acquisition Finalized Friday! BIG MOVE COMING

[chambers52]

No I don't sorry but some one here will I'm sure, when I get back nome I will look for it too.

[fitzwell11]

I remember what you are talking about! It was one of the first posts I read on the KMAG board. It was an addition error, but I can't remember what the issue was. Also, do you remember where it is discussed who the bookkeeper for KMAG is? I thought it was on the Q2 report but I couldn't find it just now. I thought it was said she had worked for one of the big four. But I have some suspicions given that the Quarterly reports look like they are done by a 15 year old.

[chambers52]

Now you just jogged a memory I had forgot about, there was a post some time back and I think it was lowman that mentioned it, something about a math error on one of the filings sorry I don't remember what it was for sure but was not to long ago

[fitzwell11]

Haha probably true. I honestly would prefer he doesn't, lets just say his numbers are legit but there is the slightest error made by the bookkeeper or a typo in the PR or just any of 100 small mistakes that could happen and that would be all the SEC needs to completely and permanently shut them down.

I do agree it would be nice to hear them along with reiteration of BB numbers all released October 1st to try to negate some of the panic from trading on the Greys.

Honestly, I think the biggest thing he can let us know is the reason for suspension. To me, that is going to be the difference between opening down 50% or stabilized at or above our current PPs.

[chambers52]

I don't disagree one bit but he has already issued one pr and they probably told him not to imo

[fitzwell11]

JMO, but there is absolutely no way his legal counsel would allow him to PR revenue figures when under scrutiny from the SEC. Way too risky.

[chambers52]

I've already got the word we have to toe the line certain words we can't use

You mentioned on one of your post about him going private, how would that work for us???

[utamaro71]

I promise to play nice LOL

[dandreamoct]

VLNX & GWBU !

[chambers52]

Howdy hope we don't get in trouble over here

[gfs60]

Well he doesn't communicate with me regularly however I received this on Friday, not sure you saw it on the KMAG board.




Next week we will have a statement which will do the best to clarify our next steps
I apologize for the poor communications

From:
Sent: September-21-12 11:19 AM
To: [e-mail]; [e-mail]
Subject: FYI and FWIW

Jeff,

We are all aware of the gravity of the current situation you are in and expect your days are not easy. We also know that there are things your attorney’s probably won’t let you comment on. The fact is we all know very little of the specifics surrounding the suspension and that drives us all to speculation, it also has a corrosion affect on the mindset of your shareholders. At this point and I realize it has only been 4 days since the suspension but even many of your greatest and longest supporters are starting to think there isn’t much hope.

All that being said, I hope for all of us that you can understand the request I am going to make and the magnitude of its psychological affect on all of us supporters.
This request is not mine alone but the general consensus of your shareholders.

Basically speaking; it is time to feed the wolves and they will undoubtedly require a steady diet.

[J Robert]

I agree. Auditor name first, Aug revenues, after.

[utamaro71]

Nice board lowman.

[RodDobson]

IGSM float 5.1 million float about gone

[chambers52]

Well some one else needs to answer that for me lol

I suppose that as long as the CEO of a company is honest he would buy the share holders out, if he was not then we would not get a narry thing

[pistolpete]

ultamaro just posted a good post on the kmag board. A topic I am not sure of, about what if JR just took the company private. He said the would be good for shareholders.

Another stratgy, and one I would like to see, is for JR to say the heck with it, and go private, thus eliminatng the hassle of fighting the people who wish to destroy the company. In most cases this works out well for existing shareholders

[chambers52]

Just pondering some of kmag solutions while I waiting on a mechanic to show up and work on one of my fire trucks

[chambers52]

Yes as I said either way would tell us basically what we wanted to know, if audited that would be a slap at the naysayers, if unaudited and wrong it would seal Jeffs fate, at this point I really don't expect for any new numbers to come out until most if not all of this is resolved. All IMO

[pistolpete]

It would show that the numbers are legit, because that would be a huge slap in the face to SEC if they werent and would basically seal JRs fate.

[chambers52]

IMO could be wrong, I think I have been once or twice lol

For me even if he did not audit aug numbers and just pr'ed them it would mean a lot to me as a show of confidence or stupidity

[pistolpete]

Ok so JR audits the last 2 years and everything checks out. My question is how long would that take, and if its complete how hard would it be to get out of the Greys?

Also could JR audit just August numbers for the sake of putting out a pr on the 1st of October to stop the bleeding?

[DJknows]

Glad I made it here too superDebob, thanks to chambers52 and lowman! And glad you are here too!

I don't know if anyone 'reputable' or 'knowledgeable' or 'positive' will remain on the other board on a daily basis but I would think the 'other' type should from time to time be challenged and not be allowed to just take over. It's a shame what's happening there and it's simply wrong but who am I to say or change it? Glad that some of us have found lowman's board and I'd like to be here and chime in from time to time.

Best to you and all on board 'Lowman's Penny Ponies'!

[BBalls-N-CowTown]

LOL

[DJknows]

Thanks lowman and for starting this board which is a needed venue for many astute and positive KMAGgers!

You may want to repeat your following comment from time to time, especially for newbies:

"Thanx for your 'peace'.

It is welcome here.

What is NOT welcome (for those first reading), is simple 'koolaid commentary'.

I don't mind this board being 'pro-KMAG'. I just don't wanna see it turn into a battleground or a home for cheerleaders. I myself, am older than cheerleaders. And, I'm too old to battle with boneheads.

Posting on this board REQUIRES fairness, intelligence, and RESPECT for those others who may/will read it."

You might want to temporarily rename your board till we get some answers and find out the long term impacts we're facing with KMAG... hope it doesn't take too long to at least get some pertinent answers.

Best to you and all on board 'Lowman's Penny Ponies'!

[GreenMan]

1. Most people (including the SEC itself which issues repeated warnings, people well versed in SEC regs, as well as seasoned traders in pinkyland) agree that most stocks down here are shells and outright scams, or in any case largely fail hopeful investors.

2. This is why many, many posters say that investing in the pink sheets is a dumb move. I'm sure you've seen many statements on the KMAG and other boards by persons who are likely trying to drive the price down or bidwhack to get in a lower SP so they can quickly flip out at a profit. Wash, rinse, repeat. This is their method of operation.

3. Thus, the type of trader described above simply look for any and every opportunity to earn a quick (in and out) profit. They don't trust pinksheet companies and their claims, no matter how wonderful the company may appear, or how righteous the CEO is or the testimony of those on these boards who have met him personally. They also know that many stocks down here are engineered pump and dumps (though I am NOT saying that KMAG is one of those). They just try to see which of the legion of scams they can take advantage of, and bail before the inevitable crash.

4. Janice Shell has given repeated details about your question. Follow her posts. In short, it's going to be a long, tough climb to get KMAG out of the greys at all. For KMAG to skip the pink sheets and start trading on a higher board will be difficult by an order of magnitude. It's not impossible for KMAG, meanwhile, to keep growing as a company and for Jeff Reid (if he's the man we all hope he is) to dig us out of this hole. But we'd be foolish to think that this won't likely be a long and painful ride for current shareholders.

5. I hope for the best, but realistically expect that my money is dead for a long time. Unless of course certain things happen -- like relatively frequent news of KMAG's continuing growing revenues, and KMAG investors who say they're long, really are long, and that going to the greys only cemented their decision. Such factors may keep the SP relatively stable.

6. Finally, even if KMAG eventually recovers and makes us all well, I will sell when appropriate (hopefully at a nice profit) and then I'm out of the OTCBB and Pink Sheets forever. Because I hate the thought that a significant amount of the smart money down here is made by trying to work within the corrupt system. I cannot do this because it would mean that I would be feeding the beast. I'm not a "holier than thou" person. But there are some things that make me mad enough to rebel. Consider this my rebellion.

GLTA longs.
GreenMan

[BlueDragon]

Announcing an auditor will hopefully come this week. I'm not sure releasing unaudited numbers for august, (I assume they would be unaudited) would be the best route while under the microscope.

[Bidwell80]

Can anyone with more dividend experience comment on whether or not the PR from January 2010 saying the payment date would be 2/4 when it was actually 2/21 would be a problem?

I'm just not sure and it's the only thing I've seen that was inconsistent. The only other PR statement I saw that wasn't valid was the cosmetics where he said the name would be released and it never was.

Thanks for the board Lowman.

[eur06]

You do know one day soon you'll be caught, in a moment of distraction, when that ever so sweet knockout of a girl rushes in just as you leave the stinky elevator..

[luckyone1021]

Thanks...glad to see a place where you can actually say what you want civilly and NOT be deleted for no reason - been restricted yet again on other board for too many deletions...

Re: js....maybe she's changed, but I do caution anyone that is not familiar with her to realize that in this world of bashers and paid bashers, well, let's just say she has a 'colorful' history....google her and find out...berdboy put out a post with links re: her that was removed in about 10 seconds....

[eur06]

I don't agree lowman, there are a lot of people with a lot of integrity left and a lot of individuals that make of that their only way of life. Thank God.

[ty4]

I Agree with the lower statement Greenman, KMAG is my last pinkie I am not a seasoned trader like most here but in my 2 years of learniing the hard way (which i like to do lol) KMAG is the only pinkie I have seen with any substance, I did pick-up quickly on Low's staements and post earlier into trading and have managed to actually make some money on KMAG but I took some and got back in and mean how could I not with these annoucements in the pipeline.
I will try to keep my post to a minimum and read what you seasoned traders have to say. But my one question that I can't get a straight answer on is it possible for KMAG to go to the Grey's and somehow just skip the pinkies altogether by uplisting to a higher board?

I will trade stocks under a dollar in which I did tthis week but they will not have a pinkie status until I have about 3 more years under my belt I may come back to them

[GreenMan]

Ha, ha, ha.

So, just in case I'm gone tomorrow, please vote against that asshole, Obama.

I only wish we had more than a two party system in America, or that it wasn't so dominated by big money. Then at least I wouldn't constantly be having to choose between the lesser of two evils. Simply put, Romney doesn't float my boat either.

At the university where I teach, I have proven repeatedly that people vote along party lines, even if they don't really understand the issue(s) and even if voting for the other guy is actually more in line with their personal interests.

Simply put, there is more to in-group / out-group socialization in the arguments I hear made from people of either party, than real logic and reason dictating their position and decision. Corporations were the first to understand and exploit these kinds of dynamics behind decision making, and politicians have since mastered it as well.

Any solution? How about this as a start? A person needs to stop exaggerating the virtues of their in-group ("us") and exaggerating the vices of the out-group ("them"). That would mean when someone in my, say, party is wrong about something in the face of the evidence, or does something immoral, I would demand the same accountability as I would when someone from the other party does the same thing.

Imagine such a world.

GreenMan

[GreenMan]

I have a rant that I posted on KMAG board but fear will just get lost there, so I'm posting it here (slightly revised) in the hope that it will be considered worth reading.

I think Janice Shell's knowledge has been a real help regarding KMAG's situation. Although she may not know Jeff Reid or KMAG per se, she's given needed reality therapy to us KMAG believers/shareholders. But I have also appreciated her blowing away some of the outrageous BS by the vultures who always appear at a time like this.

Historian Gordon Wood described American exceptionalism as "Our beliefs in liberty, equality, constitutionalism, and the well-being of ordinary people" that came out of the Revolutionary era. And that Americans feel it their duty to spread these democratic values and protections around the world.

If that's true, then there is much about our economic system (of which the Pink Sheets is but one of countless examples) pretty much shitts all over American exceptionalism.

If the SEC / U.S. govt really wants to protect (potential) investors they would get rid of this stupid OTCBB/PinkSheet Wild West Show once and for all. No company should be allowed to go or remain public without fulfilling these requirements. And I don't give a crap about the stupid argument that this is just another example of those who love big govt. This has become the perfect excuse for inaction against rampant greed and corruption.

But alas, I am fairly certain that while other countries (like Canada) have done this, there will be a cool spring rain in hell before that happens in the U.S.

Me, I am actually more saddened by what seems the near complete victory of scams and corruption in many sectors of our culture (like this purgatory of a stock trading world) than I am over the real possibility that my money is at best dead for a long time (if I don't chose to save what I can, as I'm sure many are also thinking), and at worse (as the SEC adamantly warns) gone altogether.

I'm hoping Reid can pull us out and back up.

What else can I do? I can fulfill my promise (made several times on the KMAG board), that if I cannot make money with what seemed to be an exceptional company in pinkyland as KMAG, then I am out of the OTCBB/PinkSheets forever. For insanity, said Einstein, is doing the same thing over and over and expecting a different result.

Thanks lowman, for the forum.
Best of luck to all KMAG investors.
And don't get rid of that old rabbit's foot.

[St John]

I don't know any companies but I do know an emerging technology that has caught my eye. I subscribe to Scientific American and am active as an engineering student and one item that has caught my eye is "graphene".

You can read about it in wikipedia and other journals. It has me thinking that it would be great to get in on the right company that leads the way taking this out of the laboratory and in to production or end use.

It is out of the realm of science fiction and some guys got a Nobel Prize in 2010 for their work with it.

Not an immediate sort of thing, but a technology to keep an eye on.

Thanks for the board Low. I hope you have the ability to delete at will. I have seen some posts deleted and I think it is great.

Boot me if I am not welcome. Hope I can bring something to the table.

[St John]

Chainsawin'....

Good man. I was a tree-climber for 15 years before I transitioned in to another career. I kept my license and insurance and equipment to do side jobs, to get some cash for college (much later in life than most), and have used some of the money to play pennies...

I've got some crazy tree stories if you ever want to hear them...

Anyway....

Wait and see....

[St John]

Hilarious chambers. I was expecting scripture at the end but nice twist.

I hope to join this board and provide my input. You can check my postings and see exactly who I am in IHUB land.

I consider myself a KMAGGER and appreciate the posts from all of you. I got a TOS violation on the board too and stumbled across this.

Anyway, hope I can contribute to this in a meaningful way, with positive input.

[zosoaudo007]

And I'm OK with JRs version as long as it gets us climbing higher and moving forward.

[zosoaudo007]

Gotta say. For a CEO that's pulling in sales and rev numbers like he is, he has dropped the ball (or at least made us wait for the ball) too many times than I'd like.

Oh we'll. Guess nobody is perfect. Maybe he's still shaking the rust off.

[zosoaudo007]

Hopefully a promising " KMAG-like" company emerges again at some point. Except without the, you know...drama.

Maybe this board will help us find that company.

[berdboy]

yep...probably NEVER get the real story.. i listed what i personally want.. reality however will probably not be coming to town...KMaG

[berdboy]

KMAG pr's

http://www.marketwire.com/AdvancedSearch/AdvancedSearchResults.aspx?sid=c063b0df-72fc-4a7e-b351-7dbd99e8b6d9

[BBalls-N-CowTown]

I think it has to do with the spin-off and payoff of about $800K lots of moving parts there and statements about future statementsto come from others besides Jeff that you just can't find. But that's JMHO after googling about a bit. It's amazing that it is hard to find all of the 2011 PR's, and they aren't on the co's web site...in time you can find them though if you try enough keywork combinations.

[lowman]

Announce an auditor first, and follow it up with larger Aug numbers than July.

Not likely we will ever know the real reason for the suspension. At best, we'll only hear JR's version.

(No CEO ever admits to the total truth. Total honesty is just not in their genes.)

[lowman]

I don't wanna even dignify that with an LOL, but it deserves one!

[BBalls-N-CowTown]

Well some days I lay an egg too. Usually nobody notices, thank goodness. Anyone who pushes themselves are going to make an occasional mistake. The only people that don't make mistakes are the ones that don't actually do anything.

This is why I am always the last one out of the elevator. Folks think I am being polite, but I always like to leave a fart behind in there and try to imagine who is getting on that elevator next knowing it is untraceable!

[BlueDragon]

I was thinking the same thing. 1 mil sell @ .10 and keep a buy at .001 for 10 mil. That would be interesting

[BBalls-N-CowTown]

Hey, I sold a percentage of some mineral rights to Aubrey Maclendon for some major cheese several years ago. He was in a war with his ex business partner Tommy Ward over controlling an area. To this day they ain't done nothin there. It is an interesting business and yes there are some crooks around as well as a lot of people who's egoes are far bigger than their IQ, but there are a lot of cool folks too. I been in the biz for 32 years and it has taken me all over the world.

[lowman]

IMO, that's about 33% of KMAG, unfortunately.

Every company is a mix between product, CEO, and legal representation/protection.

We have exceptional product, but a CEO who has dropped the ball, a bit.

Time for legal representation/protection to take up the slack.

[BBalls-N-CowTown]

I'm tempted to put in a sell order on a million shares at a dime and just see what happens. If somebody hits my ask every day at closing...for 90 days...then there you get one of the things needed to uplist.