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So, you followed several high volume Penny companies that hemorrhaged money each month, diluted like crazy and never made a dime. Then they went out of business, what a surprise. They are nothing like KMAG except for the SEC issue.
KMAG has revenues flowing to the tune of 1.3 million per month in July. The SEC has no issues with this years PR's, it was one from last year. KMAG is debt free. KMAG is self sustaining with monthly NET income. KMAG is growing rapidly and has value in Patents. It's a 14 year old company, not some wet behind the ears wannabe company like you followed in the past.
Reference from your post: "The continued efforts to secure funding..."
Big difference between KMAG and that firm!
KMAG does not need funding, they have net income and growing revs. They don't need more shares to dilute. They need to get a PCOAB sanctioned Auditor to run their books for the past two years. With the two auditor set they've been running, this should be very organized the doable.
Does being a Grey Sheet cause KMAG's clientele to quit buying RFID products? Will they search and seize KMAG products as they reach U.S. and Canadian ports?
The SEC doesn't dispute KMAG's income statements from this year, only one two year old item from 2011. They're bringing in Net Income each month, and growing exponentially. Will your friends at the SEC take take control of KMAG's banking and seize their earnings?
Being on the Greys didn't stop the CEO from communicating with shareholders the day after the suspension was given. He emphatically stated that they stood behind what they had PR'd as accurate. Is the SEC going to muzzle the CEO now, no more communicating with shareholders?
Please, tell me exactly how KMAG is doomed.
.09 on the Ask, what a glorious day. WGAS!!!!!!!!!!!!!!!!
Over 23% of U.S. oil production is done in the Gulf of Mexico. 40% of the U.S. refining capacity is located along the Gulf. WGAS is working in one of the premier areas of the county.
http://www.eia.gov/special/gulf_of_mexico/
U.S. oil demand has eased from around 20 million barrels since the mid 2000 era, to around 18 million projected for this year. The economy has much to do with oil use. 2008 was another low year. Prices however are as strong as ever:
http://www.fedprimerate.com/crude-oil-price-history.htm
http://www1.eere.energy.gov/vehiclesandfuels/facts/2005/fcvt_fotw376.html
http://en.wikipedia.org/wiki/Petroleum_in_the_United_States
http://www.reuters.com/article/2012/08/17/us-usa-api-monthly-idUSBRE87G0UQ20120817
No Form 4's, revealing Insider Sales, have been filed by anyone from ANTS Management since Richard Michael Cerwonka in May of 2011.
http://www.secform4.com/insider-trading/796655.htm
This makes your conjecture, utter fabrication. Ref: "Especially after that blog that urged investors to buy while he was quietly selling some of his stake."
Please stick with the facts, thank you.
Nice work Imperial Whazoo. Far more in depth with your volume, Fibonacci analysis than just drawing a bunch of colored lines. Thanks for sharing your work!!
Well written, well thought out post. I completely agree with your summation, thanks.
Spent about an hour on this page and feel somewhat better about our chances for fighting the SEC. This law firm has relationships and a history established with the SEC. Jeff Reid picked a great firm to partner with.
http://www.srff.com/attorneys#securities_law
KMAG's legal representative, is Sichenzia Ross Friedman Ference LLP. Here's 28 attorneys that practice Securities law. Many specialize in SEC and compliance matters. Mr. Reid selected a team with wealth of knowledge and experience to have as our representative:
http://www.srff.com/attorneys#securities_law
Nice find Bake. The Chinese government sure looks more transient on the their position and this could be resolved to the benefit of LGHS.
Thanks.
No problem, good luck to you. Here's another ANTS page you may want to read:
http://www.ants.com/index.php/investor-relations/11-investor-relations/ceo-s-corner/16-major-achievements-since-may-3-2012
Here's a post with estimates on both the float and O/S:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79706618
You called it, ANTS new CEO has excelled in the following:
1- CEO makes $1.00 per year income: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79702313
2- ANTS CEO announces up to 40 million share buyback: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79702100 http://www.ants.com/index.php/investor-relations/9-investor-relations/28-open-market-share-buyback-program?utm_source=MailingList&utm_medium=email&utm_campaign=penny+mafia+template
3-ANTS small Float and shrinking Outstanding shares: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79706618
4- ANTS move in June to Ohio can save up to 50% on "labor" costs: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76716544
Terrific feedback, thanks. ANTS is a very dangerous stock to short right now, so I doubt many would try if they have any inkling of its situation with potential contracts. Can you imagine an IBM PR and no loss limits on a short.
Pretty interesting stuff. Are all your margin accounts with the same Brokerage? Is ANTS one of the two stocks that have shares loaned out? Are the two stocks Penny stocks or are they big board listed?
Thanks for any info.
Bottom line is, margin accounts they can short and cash they can't.
You're good to go. No one can borrow against your ANTS shares, they are safe and sound. Putting shares up for sale at a much higher price is an exercise in futility. I don't know why the "rumor" keeps making the rounds.
IMO the nature of the game in Penny plays are people take profits very quickly and a lot is blamed on MM's and shorts that they really don't deserve.
It's an old legend that makes the rounds over and over and over again.
If you have a Margin Account, you can borrow funds to buy more shares than the cash balance in your account would normally allow, as your broker will lend you extra "margin" to trade. By the same token, in a Margin Account the brokerage can borrow against your shares, EVEN IF THEY ARE UP FOR SALE. Most brokerages won't borrow against your shares unless you are actually using your margin to purchase shares.
TD Ameritrade recently sent out documentation stating that they would notify their customers if their shares were being shorted. Their policy is typically to only short against those utilizing their margin.
If you want to absolutely lock up shares and make them unavailable for shorting against, you need a Cash Account. You can't borrow Brokerage margin money and conversely, no shares can be borrowed from a Cash Account to short against. The negative to a Cash Account is after a trade has been completed, the funds from the trade aren't usable for three trading days or until the trade has cleared and your money becomes available once again.
I'd recommend you call your broker to confirm all this
Sure, we can pretend that $7 million dollar contract didn't come in. We could look back to when the price was .004 last summer and buy several million shares at that price, right?
We have a CEO that:
A- doesn't need to "pump" PR's with which to sell shares to raise capital
B- is actually doing a share buyback to reduce the O/S
C- has a company that is financially stable
D- has just landed the firms largest single contract of $7 million
Since he has no need to PR that negotiations are ongoing with IBM and SAP, why do it?
He's taking a major risk even mentioning the IBM/SAP negotiation situation. Why? Because if negotiations fail, he losses a lot of goodwill with shareholders. He also shows he can't close deals after he's declared to the entire financial community that they exist. Why would he take the risk, unless the negotiations were virtually done? I doubt he would take the risk unless he was very certain they would be successful.
And gone, .0242 up!!!
Call him and tell him we're ready for the announcement!
.0235's gone yet another time. Steadily eating through the traders. Over 9 million served today.
The way we're churning through the low .02's it sure looks like a strong EOD is possible. We are holding gains extremely well and volume is still very strong, virtually 9 million before 2 o'clock EST.
The whole press release is there, read it yourself and answer your own question.
Yea, they didn't even put it in bold or at the top. A person would have to read almost the whole article. Unfair. LOL
They HID the BUYBACK in a PR:
TORONTO, ONTARIO--(Marketwire - Sep 17, 2012) - KMA Global Solutions International, Inc. (KMAG) has continued with strong results in Q2. Sales revenue in Total $3,350,938 which is an increase of 1957% for the three month period compared to $162,870 ended July 31, 2011.
Gross profit was $616,728 or 18% of sales for the three month period ending July 31, 2012.
Operating Income was $295,941 for the three month Period ending July 31, 2012 compared to an operating loss of $3,549 for the three month period ending July 31, 2011.
CEO Jeffrey Reid states "KMAG is on target for its annual growth projection in both Sales and Profits." During Q2 the Share Buyback was completed adding another 37,100,000 shares to the control block of the company.[color=red][/color] Additionally preferred shares were converted into Common Shares to a total of 140,579,804 shares adding to the control block and depleting any further shares to be issued to the capacity of 750,000,000.
CEO Jeffrey Reid States "As the major shareholder and founder of KMAG it is my intention to deliver maximum value to ALL SHAREHOLDERS for the long term."
About KMA Global Solutions International, Inc.
At KMA, our Business Mission is to constantly reinforce our industry leadership as a preferred competitive supplier in the timely delivery of superior, cost effective, source tagging products - all the time, every time.
For more information about KMA Global Solutions International, visit: http://www.kmaglobalsolutions.com.
http://finance.yahoo.com/news/kmag-announces-strong-results-q2-134829176.html
I'll have an oxygen tank sent over. Meanwhile, breath deep and watch some ANTS.
It'll consolidate a bit and then move up. Every stock needs a breather.
Half a million shares at .02 vaporized!
Steady, consistent, accumulation as the last PR is assimilated by a growing base of readers. Bid at .0175 and ask at .0179. Looks very solid today.
A moderate ANTS position and some patience could pay off huge here. The price is extremely attractive with regard to risk versus reward
It'll be interesting to see what time period the $7 million dollar contract is spread over. If it's just a couple of years, that would really cover some company expenses and put ANTS in a very solid financial state.
ANTS broad based exposure to top tier firms creates a potential that is insanely large. Their software has to be high quality, it netted a $7 mil contract. This could go off at any time and never look back.
The $7 mil contract, IBM and SAP got all the attention the past two days but this little nugget from the CEO corner is pretty eye catching:
• ANTs has been contacted by a well known and respected New York Venture Group that provides revenue accelerating direct sales C-level marketing. They have successful direct C level contacts and relationships with FORTUNE 500 companies including Chrysler, Ford, Glaxo SmithKline, Chase, Boeing, Time Warner, Johnson & Johnson, Verizon, Pfizer, FedEx, Citigroup, The Hartford, Wal-Mart, Procter & Gamble, JP Morgan and General Electric to name a few. The New York Venture Group is a senior enterprise technology marketing group. Their interest is in the AAA (ACS Advanced architecture) and other ANTs IP non-exclusive licenses. ANTs contact by this firm was at the request of several of their FORTUNE 500 clients regarding the ACS.
Big deal, a noted flipper sold some ANTS stock today, oh no, the sky is falling. You're tripping over dollars to focus on penny's?
Meanwhile the reality is ANTS has in hand a $7 million dollar contract. For a company this size, that is huge. They are also in negotiations with IBM and SAP.
You're finally right with something, time will tell who is right about KMAG's future. When it comes to odds, money talks and the RFID market is bringing in billions annually. KMAG hasn't sold shares for equity in over a year. That should tell you something.
I don't care about that other company, it isn't this one. That one may have had some money in the bank, this one is growing and banking money monthly. You still gave no no reason for KMAG's "slow death", what else you got?
LOL, KMAG isn't some capital starved Pinkie that relies on raising equity from share sales, it's a real company. They have no debt, rising income and are in one of the hottest markets in existence, RFID.
So, why don't you enlighten everyone what the exact cause of the "slow death" KMAG will be.
This should be good.
Yup, here's some thoughts. They have in hand a contract worth $7 million and will be working indirectly with a Fortune 500 company. Who cares if the contract starts in a month and a half. ANTS is currently valued at $2.6 million.
This little company has products/services that the big boys want and its currently on sale at a discounted price.