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coordinated attempt to lower the PPS, They must be hearing the same thing I am.
you are correct berdboy, the letters clearly state that.
Do some research on that stock I mentioned. Third-party promoter was charged, company was cleared. Nobody thinks SRFF are going after third-parties on behalf of Kmag. No-action letters happen infrequently, but they do happen. SEC item 404c dealing with promoters is an interesting read.
Company should be silent now IMO. Each investor needs to examine their own situation on how to proceed. This is a test in many ways.
The fraud involves a third-party promoter and shareholder IMO, similar to emg#. That fits the timeline I have heard and makes the most sense. The accountant and attorneys would have to be involved otherwise, both reputable firms, unlikely. Expect kmag to receive no-action letter and move on in time. BTW the attorneys were investigating irregularities before the suspension.
The SEC is aware of the third-party promoter as well. No-action letter for KMAG, promoter may not be so fortunate. Funny how things work out.
IR only PR's what management tells them. Management knows more than IR. BTW I hold a long position since 3/2012. Don't expect much in detail from kmag until the no-action letter. No news to you i am sure. I would not assume that IR knew something and management either did not know or is not saying. Both knew at the same time. In many ways kmag and JR are one in the same. This is their strength and a weakness as well. A well placed SEC attorney tells me we get by with a wrist slap and serious legal fees done right. JR has to buck up on this one but the upside is huge for JR and longs, hear-say, no doubt. Investigation turns to promoters IMO. Best to all here, Go Cards!
I hear the investigation has shifted to a third-party promoter and shareholder. The plot thickens.
IMO, The PR's under investigation are relating to a third-party promoter that mentioned kmag, not a kmag PR. I expect a no-action letter from the sec and possible further action for the third-party pump and dump promoter. This is the only scenario that fits the facts of this situation, again, in my humble opinion.
great, more shates
Pretty good question
Yeah, it happens, Go KMAG
Agree Jespedd, Kmag will separate itself from the crowd once again. This set-back is temporary and due largely in fact to the negative pressure and posters from pump and dump promotors. A lawyer I know with an SEC firm hinted that there is a third-party group involved with our investigation and the third party is under investigation as well. Hear-say for now, but makes sense to me.
Berdboy, no PM here, Pm your email and I will share some hear-say from my atty. with SEC firm.
Good advice there tenkay strange as that sounds. Kmag is showing strong support at this level considering the circumstances. The SEC is learning KMAG's side of the story. The 15c2-11 for a company with Kmag's assets, patents, revenue and history is a big undertaking and will take some time as will the years of audited financials. KMAG will trade over .02 before it leaves the grey market.
A little birdie told me that a fairness hearing regarding KMAG opened some eyes. SEC no action letters happen all the time. KMAG has the resources to defend themselves.
two years the first part of November. Twin boys going to college next year. Hope we get our ducks in a row by then.
Are you taking another poll, count me in, my beard is getting really long.
Wrong, SEC just now getting company's information.
Speculation will end soon and this statement of yours will prove prophetic,
"Many investors that are very vocal here now will soon "disappear""
However...
not the posters you had in mind and not for the reasons you imagined
This is the KMAG board. Posting about other stocks situations would be off-topic, already reviewed and deleted.
Janice said it has worked out OK for other stocks, it's not the Alamo, GLTY
I am sure there is an expert around here someplace that has knowledge concerning wash trades.
that is a wash trade and illegal last time I checked.
That is a distraction. If there is risk, they won't be cleared. If they are cleared, there will be MM's lining up.
Janice, pure speculation at this point. You have no clue as to the level of risk involved. Broad brush assumptions concerning other companies suspensions belong SEC Suspensions and revocations board.
Ditto john henry, time to think clearly and wait for the company to react to the charges and put their papers in order. PR's will come when it is time. The people that know KMAG are all still watching and waiting. The people that don't know KMAG have given us the worst-case scenario. Don't sell into fear, KMAG will bounce back.
Actually that is the process, sorry if you don't like it. Good guys do usually win in the end.
The SEC does not need to "work" with KMAG. They will prove their case and market makers will decide if they will make a market for a company with no debt, growing revenues at a great clip, in a expanding market and trading for peanuts. My money is on KMAG.
Maybe they did not mention a suspension that did not occur in the quarter reported upon, that would probably be true of a 10-q as well.
Sounds like the reigning World Champion St. Louis Cardinals
No, I was pointing out that a good vocabulary was a sign of intelligence, get a mitt and get in the game.
I'll bank on the intelligent CEO, and already have.
Mr. Reid is well-spoken with a good vocabulary, sign of intelligence.
That is a distraction IMO, the stated issue is promotions/PR's. Premature to make statements without knowing the billing cycle agreements.
Your post is inaccurate, venue change is different than delisting, stock is still "listed" and trading soon.
My son wants to sell his shares to buy another stock, do you want to buy them?
Berdboy, thanks for the great advice. JR doesn't act like a CEO that has done something wrong, IMO
Do not wait upon updates, they may not appear, trust on your own understanding, KMAG EMERGING FROM THE ASHES. Let's take this thing to the next level. No lie, Smitty