Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
He may not be buying yet or he could have a third party like CANT accruing shares for him.
You sure ask board members a lot of questions you'd be better served asking the company. Pretty funny.
Call it a "white lie" or whatever you want, I don't care and I disagree with you.
Show me somewhere, anywhere it states that Mr. Reid himself IS NOT doing a personal share buyback. Info I received directly from him states he is. Info others have received from JR state that he is doing the buyback.
CLAK and people that believe Jeff Reid is doing a personal buyback of shares are entitled to their opinion, despite your attempts to diminish the value of their thoughts.
I will always value Jeff's feedback far more than your opinion.
Ref: Take it easy CLAK, everyone is entitled to their opinion Including CLAK.
About half a dozen posters including myself have received emails stating the buyback was being done by, Mr. Reid personally. With the small net earnings from last quarter, I doubt KMAG would have much money on hand for a buyback.
I suspect CLAK has a very valid point.
najrebe has them listed here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75729126
You've already been through the hardest part of KMAG's huge retrace rasta, it will get better from here out. Some here want you discouraged so you'll sell to them at a premium.
Remember last quarter when our CEO said Q1 revenue would exceed 2012's revenue and then did so? Despite one poster 's false statement in calling JR a liar today, he's always been spot on honest with us. Despite another poster calling him an a##hole last month, he's doing all the right things. He is a unique, talented, driven man who is succeeding in spite of his critics. Look what we got from todays' PR.
* Our RFID production now has the necessary volume to receive discounted pricing. This will yield us better gross and net income.
* In just the month of May, revenues exceeded Q1's three months of revenues with "June's revenues are exceeding Mays".
* The PR today stated that sales are booked throughout the end of the year. "Continued development of products which meet our targeted market are allowing for very strong growth supported by orders that have been booked through the balance of the year."
The "market is efficient" on the big boards and not so efficient on the Pinksheets. Pinks always have huge runs both directions and must prove their worth to attain "real" company price valuation. KMAG is doing just that. I hope you hang on and reap your reward.
Green is nice to see! Here's a link for the Marcum Microcap Conference speakers. LGHS PR'd Steven Ross as a speaker but I don't see him listed. As long as we get volume, exposure and vertical movement, don't care.
http://www.marcumllp.com/MicroCap/speakers
There are several large differences between the two IMO.
KMAG has already reached commercialization and is in growth mode. The other, sadly for mankind and many shareholders, never reached the market place.
RFID is a generally accepted technology in its growth phase. The other would have been a major sale to gain generalized use.
KMAG is debt free. The other was millions underwater despite a very nice CEO putting much of his own wealth into the company. Still they needed ever more funding.
What could have been. What should be.
Welcome to the board GTG. KMAG's a great stock with an amazing CEO.
Thanks for the Cosmic info.
A link that shows Jeff Reids resolve and determination. KMA Global was listed for attending an RFID apparel summit in 2006. Mr. Reid finally has some net income to reward his six years of hard work and steadfastness.
I'm grateful to him for sticking with this project and forgoing any income for this period of time, not many would. I hope he's rewarded thousands of times over. There were not then and are not now any guarantees of success. It takes a person with a strong vision and dedication to do what he's done, especially with his illness factored in.
http://www.rfidjournalevents.com/apparelsummit2007/attendees_2006.html
You're right, the speculations and wishes of a few posters on this Ihub board is the causation for all of KMAG's business decisions.
Rolling eyes.....
Completely agree, the middle east is the most unstable place on earth.
An article from today on Russia and their dependence on oil:
http://finance.yahoo.com/news/oil-exports-russias-curse-well-072625098.html
Call me a conspiracy nut but you've cited the exact reason oil is down, "iran needs higher prices to maintain their economy".
Is it ironic that the drop in the price of oil and the U.S. sponsored Flame virus are concurrent? Hmmmm. Normally, just prior to Memorial day, the price of oil heads upward. Not this year.
After watching all the intense diplomatic meetings the past few months dealing with Iran and then these two events happening together, Europe and the U.S. are trying to crush Iran's nuclear and economic plans.
The disabling of an RFID chip could be very simple. KMAG could work with the company manufacturing the register that scans the product at point of sale to simply have a specific signal disable the chip at check out.
For returned product, the process could be reversed. A warning on the tag containing the chip could have a warning. If this tag is removed, a return will not be possible.
Just an opinion.
RFID privacy vs control debate video.
Ref: "There is absolutely no benefit in an r/s, regardless of how one wishes to twist it. Plain and simple. History PROVES I'm right."
From: http://otcpicks.com/2068-Penny-Stock-Investing-With-the-Pros.htm
7 - BE BEARISH UPON REVERSE SPLITS
Many stocks in the penny stock world attempt the neat trick of a reverse split. A reverse split is the same type event as a regular stock split, however, with a reverse split the amount of your shares decreases. Companies often use a reverse split as a last ditch effort to prop up share price or to reduce a bloated share count. Although the concept of "always" does not exist in the trading world, one can come quite close to saying that stocks "always" decline immediately subsequent to a reverse split. If you own a stock that announces a reverse split, you should sell it quickly. If possible, try to short stocks right after a reverse split occurs.
I suggested two more quarters to reveal KMAG's earnings and exponential growth when we had this discussion earlier. That is only half a year and a couple of weeks.
I hope Mr. Reid puts us on the OTCQX, as he has previously stated. Many of the firms that utilize the QX have moved there from the international arena.
It's high standards offer listed firms virtually the same reputation standards as their former listings and offshore firms are choosing the QX as a standard.
It is now an actual listing board instead of a "quotation" service. It also circumvents the "bovine excrement" of Sarbanes Oxley and makes the expense of SEC filings very reasonable for a small firm. Most intelligent international firms are choosing the OTCQX to list their stocks. The neighborhood is fabulous, I hope it's our destination.
Balfour Beatty, a $24 billion dollar multinational construction firm headquartered in the U.K. is listed on the OTCQX.
http://www.otcmarkets.com/stock/BAFYY/quote
Nestle is listed on the OTCQX: http://www.otcmarkets.com/stock/NSRGY/company-info
Roche, the Swiss drug giant-OTCQX:
http://www.otcmarkets.com/stock/RHHBY/quote
BASF, the chemical conglomerate out of Germany, the OTCQX:
http://www.otcmarkets.com/stock/BASFY/quote
OTCQB and OTCQX Compared and Contrasted
Posted by Laura Anthony | April 6, 2011
Over the past few years, the historical PinkSheets has undergone some considerable changes, starting with the creation of certain tiers of Issuers and culminating in its refurbished website and new URL “OTCMarkets.com”.
The new OTCMarkets.com divides Issuers into three (3) levels: OTCQX; OTCQB and PinkSheets. From a fundamental perspective, Issuers on the OTCQX must be fully reporting and current in their reporting obligations with the SEC and also undergo a quality review by industry professionals. Issuers on the OTCQB must be fully reporting and current in their reporting obligations with the SEC but do not undergo additional quality review.
OTCQB vs OTCBB
Issuers on the OTCQB are analogous to previous OTCBB listed entities. Although the OTCBB technically still exists, it is losing company quotations daily, mainly as market makers choose the full service, one stop shopping of the OTC Markets, to quote the stock of over the counter trading Issuers. OTCQB Issuers are current with their reporting requirements to the SEC pursuant to the Exchange Act of 1934. Market Makers quoting the stock of OTCQB Issuers either have a current 15c2-11 or are relying on the piggy back qualification.
OTCQX Issuers
Issuers with stock quoted on the OTCQX are not only current with their reporting obligations, but have undergone industry professional review. That is, in addition to meeting the requirements of the securities laws and SEC, these entities have opted to undergo greater scrutiny from the industry. The benefits to Investors in being able to rely on this quality review are enormous.
OTC Markets has established standardized methods for professionals to review the quality of Issuer information. In addition, OTC Markets has set forth standards for the qualifications of those responsible for undertaking the quality review. Lastly, OTC Markets maintains a strict accountability policy for securities attorneys, PCAOB auditors and other professionals who do not perform their review obligations properly and/or who do not adhere to OTC Markets standards. Issuer service providers that report false information to OTC Markets may ultimately find themselves blacklisted from the website. Consequently, it is essential that attorneys, auditors and any other professionals who submit Issuer data to OTC Markets confirm with absolute certainty that they their information is correct and complete.
OTCQX – A Valuable Resource for Investors
Prior to the enactment of the OTCQX tier by the OTC Markets, for quality of disclosure review, Investors had to rely on either the SEC review process or analyst reports. However, these sources are not consistent and as for the later, not necessarily reliable. The SEC does not review all documents filed by all Issuers, not even close. They simply do not have the resources nor personnel to do so. Accordingly, the quality of disclosure of any given Issuer may not meet even basic legal requirements and an Investor would have no easy way of determining which filings have been reviewed and which have not.
Relying on analysts’ reports entails tremendous risk because not all of them are licensed. Many “analysts” are simply stock promoters being paid to write glowing recommendations about a particular stock. Even the most well-intentioned analysts do not always verify the information provided to them by the issuer. Many are seeking to line their own pockets by selling their shares in an inflated market after their favorable report is disseminated. Inversely, others have shorted the stock and will profit in the down market after their unfavorable report reaches the street. Ultimately, there is no easy way for an Investor to discern whether a given report is prepared by a licensed, unbiased, honest professional – until now.
OTCQX Benefits
In addition, OTCQX offers Investors and Issuers various perks usually associated with trading on an Exchange (a stock exchange, such as the NASDAQ is different than the Over the Counter Market in that they have listing standards, such as price of stock, and have ongoing governance and compliance standards, such as audit committee review). These perks include, but are not limited to, real time quotes and various computerized communication resources for investor relations.
http://www.reverse-merger.com/otcqb-and-otcqx-compared-and-contrasted/
No problem. Thought it worth sharing and am expecting more volume in the next few days here. Good luck to you!
Ref: The CEO is not the downfall of this stock, it's the postors on this board that is driving it down.
What we need is some real investors here. Willing to hold for the big money.
Perfectly captured smokestack!!!! Totally agree with you.
Hey Bake. A little volume and the day before Steve Ross presents. With the Piggyback Rights and some solid pumping from the new PR firm and we move.
Email from Steve Ross from the 15th of June. This should get interesting:
Xxxxx,
Thanks for the good wishes and your support of the company. The Marcum conference is a good start but we plan to do much more to raise visibility.
Best regards,
Steve
-----Original Message-----
From: Xxxxx Xxxxx [mailto:xxxxxxxx@xxxxxxxx.com]
Sent: Thursday, June 14, 2012 7:32 PM
To: Steve Ross
Subject: Marcum Microcap Conference
Sir,
Best of luck with your speaking opportunity at the Marcum Conference next week. Here's to you hitting a home run and getting some much needed attention and institutional folks looking at LGHS. This has to be one of the best kept secrets in the entire OTC.
Regards,
Xxxxx Xxxxx
Illogical? Really.
Where did I post that I like the BS/manipulation? A R/S share price would get hammered. Show me one Pinkie they've R/S that held its price. I would wait until another quarterly or more to show the strong trend of KMAG before considering a R/S.
I think as the Q's come in strong, the float will be absorbed by intelligent players.
Duelittle2, you're a fine poster but your R/S idea with KMAG's present situation is not the right thing to do. We need separation from standard Pinksheet behavior, not conformity with it.
"If it looks like a duck and walks like a duck, its a duck". In other words, we're already fighting the Pinkie stigma on many fronts, why add another one so we really look "Stinkie"?
KMAG needs to continue being unique, as in reduced A/S structure. As in SEC filings on all Q's and activities. Through transparency and a float reduction. By having two straight Q's with net income and the third on the way with exponential growth in revs and net for Q2. That good man is differentiation.
We don't want to blend in, we want to stand out. We want to look spit and polished amongst the bums.
Pinkies are famous for R/S's and then dumping additional shares. KMAG will be famous for its abhorrent behavior. It's real and it's spectacular! (Seinfeld reference)
Mini Poo has basically tried to blackmail KMAG by threats and open ended dialogue via blogs and an email letter and you're OK with it. Today, you have encouraged KMAG to dialogue with them and also compared Mini Poo to a cop but posters shouldn't "read much into it".
KMAG has consulted with their Attorney on how to handle the situation. Are you an Attorney and are you counseling them to respond differently than what their paid counsel is currently doing?
How is their reputation in danger? Did they do something wrong or is it the mere accusation by a miscreant that something is amiss?
This is where we greatly disconnect. You consider them a cop where IMO they should be considered a criminal. You really shouldn't deal with a criminal face to face and on their turf.
Are you actually comparing Mini Poo to a Cop? Pretty funny analogy IMO.
Agreed that KMAG is in a bad neighborhood, the Pinks.
Disagree that Mini Poo is an authority figure and its pretty odd that you consider them one.
Mini Poo is more like a "thug" than a Cop IMO.
You can fight the thug and crawl in the gutter and get dirty or you can call the Cops IMO.
By filing all the right info, growing the company and working to get out of the neighborhood, KMAG is doing all the right things.
Unreal.
Got this email from Mr. Reid on the 4th:
Yes we are considering getting a nobo that is in the plans
------Original Message------
From:Xxxxxx Xxxxxx
To: Jeffrey Reid
Subject: NOBO
Sent: Jun 4, 2012 8:55 PM
Dear Mr. Reid,
In October of 2006, you had a NOBO performed to determine the amount of
shareholders for KMAG and to get the shorts out of the stock. Despite
amazing earnings for Q1 and solid continuous PR's from you, the stock
trades very oddly. The MM's slow hard runs by showing 5000 shares for
sale. The 5000 is an unlimited amount of shares that eventually
discourages buying and caps the upward price movement. Once the MM's
ETMM and NITE have capped the stock, they then force it down slowly as
each day progresses. I, and others, could certainly buy more shares but
have been reluctant to do so based on the dishonest trading pattern
which the MM's control. Do you have future plans for doing another
NOBO to again ascertain the number of shareholders and to remove the
shorts from KMAG?
Thanks again for your hard work,
Xxxxx Xxxxx
Ref: I'm not aware of this taking hold in the penny market, but please enlighten me...
Why does virtually every penny that has a NOBO done have their stock price rise?
"NOBO lists are a great tool to compare the list to your company's DTC trading list, which discloses the number of shares held by the clearinghouses. This will enable you to determine if there are any peculiarities in light of the recent stock trading. Your Company can gather information and explore any possible trading irregularities such as illegal short positions."
Ref: I've been trading pennies for over ten years and the only time I think I've ever seen any kind of substantial short that really held a stock down is when I think the symbol was BCIT, they did a R/S and a name change and Etrade messed up the R/S somehow and a load of illegal shares got dumped onto the market, then the stock was halted for three years and everyone got screwed out of their money...
Perhaps, with your vast experience, you can enlighten the board on why more OTC firms are doing NOBO's and why most have a decent price rise when they do so.
Ref: I was merely providing better DD to the contrary What a hubris filled statement. Geopressures data is right from FINRA. Yours is a second step down and you call it "better". Unbelievable.
The answer is, neither you nor I nor your Golden Lounge can "prove" anything. The information as to whether shorting takes place is held within a closed loop system, FINRA/DTCC/MM's that no one has access too, not even the SEC. They sanitize the short numbers from daily to bi-weekly, look it up.
You can call me childish names and attempt to discredit geopressures posts but you don't have the ability to prove your position. Neither do I.
Prove it. How is it common knowledge?
Where does Pinksheets get their information? You can't be this obtuse.
If you could care less and you don't understand where and how the OTC gets their information, perhaps you shouldn't be trying to minimize geopressures posts.
Why do the daily short reports provided by FINRA differ from the bi-monthly numbers?
The SEC does NOT, repeat, does not audit the numbers coming out of the DTCC and FINRA and reported to the OTC. You are wrong. There is no way of knowing the accuracy of your information.
Pinksheets is NOT an exchange, it is simply a quotation service.
http://en.wikipedia.org/wiki/OTC_Markets_Group
Pinksheets does derive all information from for trades from the DTCC and FINRA, both owned and controlled by the same MM's that provide all trades. So, you're saying all the trading and reporting that are done in that self contained group of organizations that have no outside checks and balances is completely accurate? OK.
I'm not as trusting as you, I'd rather have different entities own and operate the different parts of the U.S.'s trading institution and have an outside audit performed periodically for accuracy sake.
The explanation I've received from FINRA is that the "daily short sales report" shows trades that were between different brokerages and it can't be settled for several days so the trades show up short. In other words, if a trade between two parties takes place and they both use the same broker, the trade is cleared immediately, the same day. If a trade takes place between two parties that both use different brokers, each broker must lend shares until the trade is cleared between the brokers and the trade shows up as "short" for that day.
However, there is a major disconnect with the accuracy of their explanation. If you look at virtually every OTC or Pinkie trading, the daily short numbers are huge which is the case with SIOR. Check some out, you'll see very large numbers. However, if you look at most name brand firms trading, you'll see virtually no daily shorts reported. Type MS*T the software giant, for example and check the past several weeks, no daily shorts:
http://regsho.finra.org/regsho-Index.html
Here's the actual daily short data as provided by FINRA, the Self Regulatory Organization:
http://regsho.finra.org/regsho-Index.html
SIOR shows up under ORF. The same info provided here is simply pulled from this report and re-reported here at ShortSellingReport, which gives several weeks of data:
http://regsho.finra.org/regsho-Index.html
Why does it take two weeks to report "real shorts"? IMO, FINRA has to sanitize the reports so the SEC doesn't freak out.
A couple of questions. From what source does Pinksheet's derive their "short" information and why is it only done twice monthly?
Thanks for the April short info.
All the information you're providing is gleaned from the DTCC by FINRA. Both the DTCC and FINRA, an SRO, are owned, operated and managed by the MM's and institutional banks. No one, outside that small group, not even the SEC, know's what is really happening inside their self controlled system. No outside involvement or checks and balances.