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Yessir.....we're all in the dark (greys...haha) until we hear from the company....just gotta follow through with their own PR of Tues, 9/18/12:
Well, I feel for all shareholders....but, the truth here is that unlike your description of being locked in the lower deck, you and any others wanting to do so are able to escape.....the only question is whether that is the right decision......I'm betting on the company and JR and holding....best of luck to you and all
One week into greys....some thoughts:
1) Trading is all over the place....up, down, sideways....get used to it...one thing the 'helpers' have correct is that normally the longer it trades in the greys, the lower the price heads and the volume usually dries up....if you believe Jeff and that KMAG will recover, it's a great place to get more shares.
2) I believe KMAG will recover and picked up a few last week, and I'm hoping to get some at cheaper prices as we move along...I'm sorry for those of you that lose, but I doubt you'll be sorry for me if I'm wrong, lol, so ....place your bets and let's get it on..
3) Discipline is required to trade ANY stock IMO....and now, with the influx of ambulance chasers, discipline is required even more..without steely resolve, one can get swayed by the mob....
GLTA loyal shareholders and since I feel it was a great reminder to all, I'm going to repost some thoughts from the prophet St. John:
Jeff has assured me of a few things:
1. The SEC has more lattitude than the detractors would have you believe or care to realize.
2. The appropriate paperwork is being taken care of with diligence and accuracy as not to make any additional mistakes.
3. He has not forgotten shareholders.
4. He does not plan on staying on the greys and does plan on uplisting regardless the cost (whether to himself or us)
5. He will NOT produce news to satiate the masses, but when something relevant needs to be said.
6. He WILL continue to provide mostly "vanilla" responses until appropriate documents are filed.
7. He is confident and remains confident in both his business plan and his ability to recover from this mess.
8. He considers this a chapter. In need of repair and then we move on.
9. He realizes he has MUCH MORE at stake than we do. His money is deeply invested into the company with a major controlling block of the stock.
10. He is not pleased with those who smear his character and believes the wheels of justice will grind eventually, albeit slow, for KMAG and himself.
For what it is worth, if anything, much of this I have gleaned from the responses many of you have posted, but also from my past exchanges with Jeff. Personally, I had not emailed him in about a month and have preached leaving him to his devices, so he can repair the damage, however occasionally I like to touch base with an idea or question which does not "beg" for news. I recently received much of the above in an exchange with him, which validates much of what the rest of us are receiving. His major comment to me though, was the first I posted and the one I think naysayers fail to comprehend or will bury as non-possibilities and that is that the SEC has the latitude and final say. If KMAG is to make it back to the pinks, which I believe they will, the SEC has the ability and power to exonerate JR if their criteria is met.
That is good advice to all....to walk away.....and I do quite a bit....although, now the drama is pretty compelling....lol
I agree and that is the key....'once the audited fins come out'...that's gonna take awhile, but maybe not as long as we think if this was in the works prior to the suspension (as had been hinted)....to me, time frame matters not as it's always been a long-term hold here (at least until long term tax status, and that doesn't start for me until March 2013)...
Welcome back chambers......that's right, we've got 2 months of rev's to look forward to....expecting a PR soon (this week) and we'll obviously know what's up....
I'm not expecting a quick resolution, but I do think many will be shocked that KMAG does indeed rise from the grey market and will be the exception that will confound all the 'experts' that have shown up here recently...
SEC made a mistake berdboy???? Didn't you hear??? The government is infallible....never makes mistakes....must be true....read it right here!!!!
Seems to me the only thing about the emails that can't be trusted is the timing......rest of them have been pretty much spot on.
When in the greys, all trades show as buys.
Maybe so, potts,but, once it was suspended, holding at the least, and buying more if one dared, really became the better bet...$$KMAG
Me neither....lol...greedy SOB's , aren't we??
This will drive some of you crazy.....BOARDMARKS UP to 792...:)
Not to be disagreeable, but I disagree...lol....I don't think it matters one bit where it goes until we hear from the company....$$KMAG
From the sublime to the inane.......comes down to what one believes...I believe JR...$$KMAG
It's pretty simple....JR will prove what he has put out there in PR's....that's it,......when he does that, it will be sweet vindication for many...$$KMAG...best to all loyal KMAGGERS
At this point, we (shareholders) are blind....JR knows, the attorneys know....it's clearly a function of what their strategy is forward that will dictate when we know....believe me, I wanted it yesterday, but, fact is, we're all stuck and simply have to make the best of it for now....obviously, if we get no word before this opens on the greys, the short term could get ugly...
I, like many, feel that it's better to hold and gamble on JR being everything we've thought as opposed to selling off in a panic and salvaging very little...but, that's easy for me as this was always a very long term buy for me, and also, until I'm shown some actual proof that this whole operation is 'just another pinky scam', I believe JR and believe this company will continue with it's phenomenal growth...$$KMAG
Fair question....IMO.....and the answer to that will really tell us a lot....
Yep, many differences here.....I believe JR will be vindicated....if I'm wrong and JR has been deceiving us all along, well, that will be a shocker.....but, then we can all go into rehab saying, "it wasn't your fault, and you're not alone (blah,blah,blah)"....lol
The one big hole (and there are other holes, too) in the overnight noise is the 37 Million share buyback....it's pretty simple...CEO Jeff Reid buying $150,000 worth of shares speaks volumes ...
Big time associates, big time lawyers...hopefully soon, big time auditors = Big Time Company and Share Price...not gonna happen overnight, but I can wait....$$KMAG
WHY would jeff buy 37 MILLION SHARES? ......I'm so glad you asked that question....maybe we could let the CEO answer himself:
Maybe so....maybe not......it will more than likely be brutal for those that are just trying to exit.....I feel quite comfortable with my continued decision to hold long term...JR set forth a 1-2 year plan and has kept to it (even exceeded it).....the suspension was not planned nor good, but can be overcome...
NO DEBT
Increasing revenues
Increasing margins
Auditor soon to be announced ( to audit past 2 years and from here on)
Patents held in emerging multi-billion $$$ RFID market
CEO announced he personally bought back 37 Million additional shares on the open market (plunking down approx $150,000 to do so)
IMO, the concerted effort to lump KMAG with all others that have been suspended without giving any weight to the MANY fundamental, positive aspects shows me that these posters either are unable to look objectively at this or they simply have a pre-determined agenda that NO facts will ever sway...$$KMAG
Kinda funny isn't it? The fact that the CEO bought back 37 Million shares for about $150,000 of his own money has almost been lost in all the SEC stuff since.....this is one accomplished man, and he has one hell of a lot more $$$$ riding on this than I do....I'm banking on him...as are MANY others...$$KMAG
The operative phrase must be "for any violation of federal or state securities law."
After a quick scan, I cannot find any changes other than the date signed by JR as you pointed out......if that is the only change, I would say this is definitely a major statement by the company...
As stated in their PR of Tuesday, 9/18/12:
You are absolutely correct. ...Jeff has proven his credibility and integrity over and over again...there is no reason to believe anything other than when he speaks regarding KMAG, he follows through....
Very true.....again, 37 Million share buyback by insiders of KMAG...sure wouldn't have wanted to be short with that news coming out.....if fact, I'd have done anything to stop that news coming out if I was short.....hmmmmmmm..
Yep, all you're doing is giving the facts.....just the facts...wouldn't want to be them....WHOA!!!
No problem....I believe we will get something before 10/1......just gonna have to have patience and thick skin..
That's good to hear Ceeker.....thanks for the report.
Still on target for update this week?
Just added some more ....holding and waiting patiently....$$GDSM
For anyone new here, you are so right.,.......lesson B***er's 101
Right, nothing any of us can do....it's all in JR's corner now...
$24.6 K
Well, to each his own regarding prayer ....but, I do like that other thought of yours.....'no negative electro-magnetic energy into the universal field' zone = KMAG
Thanks for the various PM's .....can't respond so just know they are appreciated and agreed with.....it is what it is....everybody, keep your chin up, always play with what you can afford to lose and as for me, I'm gonna drink a toast (and throw in lots of prayers) to all KMAG stockholders..
From several sources (including the one email from JR posted earlier), we should have some guidance probably this week...best of luck to all of us!
On that I most certainly agree - will be an interesting week and upcoming months.
Yep, somewhere along the line , even if minipoo is involved, KMAG dropped the ball.....UNLESS, of course , it's really the SEC mistake (which is probably unlikely, but, who knows?), and even if the SEC is flat wrong, that probably wouldn't help us too much as they would most likely resist anything that might make them look bad...
The best we can hope for at this point, IMO, is that whatever it is, it is nothing malicious on the part of KMAG and Jeff and attorney's can get this back on track asap (and I believe Jeff will do just that by the way).....
Those coming on this board to prey on what they see as road kill are very sad specimens....I hope they are able to at least escape their basements a few times a week to get some sunshine and interact with the real world...
Well, ceeker, we could just take his words as written: