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Every suspended pink sheet stock is "the one". Go read the other boards...
KMAG is no different at the moment.
Because they relate directly to the suspension of a pink sheet stock which KMAG is.
If someone gave you a set of dice and you rolled them 1000 times and every time it came up snake eyes.
What would you be willing to bet that the next roll was going to be a 7?
Some odds here. History, experience and statistics are some of the best DD around.
Now that is reality.
And the "buy back" is in the PRs.
JAMN was NOT a suspended pink.
You and I are gonna go places!
Just so I understand....you want people to do their own DD on a question that you think is irrelevant? And want to facilitate that by getting me to do it by answering a question i posed to another poster, that you say is moot?
...got it.
Exactly.
Why should anybody take my word for it.
Then why did you feel compelled to ask me for an answer to a question I posed to another poster????? and then follow-up with a request for a link to the DD?
...if the answer is not the least bit important to you?
Sheeeesh.
Do you care?
Accusation?
I asked a question, it wasn't rhetorical.
If you don't know the answer...fine.
What's wrong? Can't find any?
How many MM have signed off on a 211 for a suspended pink over the last 1000 suspensions or so?
How do you know this?
..and assuming it is true, why does it matter when the float increased almost SEVEN FOLD inside of 18 months?
Halts are implemented by exchanges. Suspensions by the SEC.
This is a suspension, plain and simple.
I know...why would anyone want to know the realities for a suspended pink.
LLEG got an S1 filed about 14 months out from suspension but are not yet off the greys and just fired their auditor that they hired AFTER their suspension and everyone was raving about.
JR knows exactly what the issues are here and nothing is stopping him from telling folks.
They should be anything but bored right now....the release was a waste of time...unless they are trying to get folks to believe all is well.
Am waiting for the PR today that everyone seems to be expecting with all the details on their plan.
So far Janice's record is perfect in regards to suspended pinks.
KMAG > suspended pink
JAMN > not suspended pink
Again, why is JAMN relevant?
Gary...you seem to be a fair guy. That was not a suspended pink. Why is it relevant? I can find tons of grey sheet listings that do well. NONE of them are suspended pinks.
You have just given proof to all who doubted that a stock could rise from the greys. I wonder how many others have also gotten out of the greys?
Nope. Not a single suspended pink sheet has come off the greys and gone on to be successful.
(Since it appears to bear repeating...)
Sure, if it is not a suspended pink...
Ok. When everyone got into a lather I was trying to find a suspension ...could not.
Was JAMN a suspended pink sheet?
There is the rub, it is not so much that the numbers are false on these things, but that liberties are taken with the accounting. I see they have a huge A/R. What exactly is it? What is the aging? What backs it up. An audit will help answer those questions. If that A/R vaporizes for some reason it is an entirely different picture. Revenue recognition is one of the ways a financial can be manipulated.
Thanks, but no.
Yes, the can do anything. The CW though, is that it is not in the company or CEO's interest to say anything during a suspension as it would make it difficult to argue an oversight error or some other rationale for the issues the SEC has...and you can bet the SEC will look very hard at what they say from that point on.
Therefore I can only assume it is to influence what happens come Monday. As a pink sheet CEO wants confidence in their company to be maintained under any circumstance, for whatever reason, he decided to issue that amendment now. I can't see it being done to deal with any specific SEC issue at this time.
So it is going to be interesting.
I have to agree. He is doubling down on the Sept 17 release. Since I am always skeptical about pink sheet CEO's, the worst case is that he is trying to create some buying pressure for some to dump into next week? Since he already released the numbers and this is not substantially different, is there any additional risk in doing so again now? The SEC did not mention a question of financials specifically, maybe he felt somewhat safe in re-releasing.
Interesting.
The unfortunate truth is not-a-one.
One did manage to get off the greys a couple of years ago but it has since been delisted.
So no, no success stories.
So I guess this paragraph doesn't mean what it says.
Except as expressly set forth below with respect to legal matters, we have not independently verified the accuracy, completeness or fairness of the statements contained in the Information. Also, we do not express any opinion or belief as to the financial statements, schedules or other financial or statistical data contained in the Information. In rendering the opinions stated herein, we have relied on information obtained from public officials, officers of the Issuer and other sources, each of which is believed to be reliable.
An attorney letter is not a confirmation of financials, PR statements, stock structure, "buy-backs", revenue growth, etc.
But if you want to hang your hat on "each of which is believed to be reliable" ... have at it.
The attorney letter does nothing to confirm the accuracy, completeness and fairness of the disclosures.
It says so itself.
You need to read the S1 and amendments and compare that to the so called financials and PRs released before the suspension.
He misled investors. Period.
He is only trying to save his butt and stop the cash bleed with the stock registration and decided that what the S1 actually reveals was a necessary evil.
All of this stuff, buy back, revenue "growth", etc. etc. comes from a pink sheet's PR's and unaudited financials.
Some think you can take that to the bank....
I guess I didn't read the Force Majeure section of the guarantee.
Well WWIII could breakout and the markets not open on Monday...you are forgetting the possibility.