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No, they would augment all PRs with announcements on Facebook.
Quote: MADISON HEIGHTS, Mich., April 15, 2013 /PRNewswire/ -- Creative Edge Nutrition, Inc. (OTCQC: FITXD), a nutritional supplement company focusing on active lifestyles today announces The Securities and Exchange Commission issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information. See link below
So basically they will still put out PRs. I am guessing that this means Bill will announce info on Facebook/Twitter THEN issue a PR as the market isn't checking anything but the PR wires for news.
Yet I've owned pennies that did pay out promised shares. One gave us limited shares then the thing died because the management was clueless and greedy.
This one seems more real than those.
Good post. Did not know that myself. Makes me feel a little better about this.
It's in the description:
Product Description
Described as a state-of-the-art multi-function charging controller, the MFCC, is powered by either an AC or Solar input and will automatically detect and charge lead acid or sealed lead acid batteries. The device will automatically adjust for the following voltages, 12, 24, 36, and 48VDC. This unit will also provide real time charging information to a terminal session established on computer via a standard onboard serial port. The MFCC utilizes complex charging algorithms in association with bi-directional feedback to attain the optimal charging sequence for each charging sessions. Unlike conventional chargers, which tend to use only one method and one direction, the MFCC digitally and thermally continuously adjusts throughout the charging cycle.
Problem I have is...where is the solar part of this? THAT is why I bought the stock.
Every board seems to have one of these guys. It's all about greed, and that is fine, but they could do us a favor, make the announcement they sold and move on. Sheesh.
What does brand's ecommerce site mean? Seriously?? It means they will have a branded site that they can use to market the product from. To a consumer, they do not know what AAPT is but they may have heard about Nutrabars.
I have a long history of branding and marketing in various industries and can say that building a brand online means pushing the product not the corporate image.
Yep...thats the one. I made a good profit on it. Sold a couple weeks before the suspension simply because I tired of the lack of info on the audit we were promised.
This one has the potential to go where that one should have gone if JR had kept his promises. CE approval, patents, fully audited/reporting OTCBB stock AND low floats.
Agreed, I sold shares of a stock that tanked into the gray sheets and that hung around the .01s-.02s (before the grays) solely based on speculative PRs (no audit for me = prove it to me when it comes to any penny stock).
This stock was a suggestion made by a board member of that other stock and too many good things going on here to pass up. LOVE IT.
I see pennies for this.
Going forward, I stick by my old mantra of never marrying these things.
I have some serious issues with that. So some people get to talk to him while other shareholders are left in the dark? Argh.
If that is true why would ANYBODY send emails that could be used against them in a court of law? People have his correspondence. I've been in stinky pinkys where the CEO never responds to shareholders simply because they know that anything in an email can be used against them.
Sorry, I call foul on this one. If anything JR was unprepared for potential calamity and KMAG was smacked down by the SEC for it.
If you want to argue that the company messed up, fine...sitting here and calling the man a crook and the company a fraud is wrong.
Huh? Small company CEOs DO answer to their shareholders though.
Leave him alone? I wasn't doing anything but telling the other poster I liked his email. JR needs to get this audit thing together asap.
Best email to JR yet. Good points and I admire you telling him an auditor is expected by shareholders.
I agree unfortunately. The grays are the worst thing that can happen to any stock but I do believe that if Jeff does his part, fills out the form and gets properly audited there is a shot this moves back up, correct?
Yet the SEC is involved. I know all about the forms, Finra and gray sheets thanks to Janice Shell. Stop treating folks as if we are liars and imbeciles.
I didn't say the SEC approves filings. I said that audited financials will help move them off the grays and if you read what I wrote, when I said satisfy the SEC I mean give them the answers they are asking for.
If the SEC is satisfied, trading resumes but in the grays. Jeff's only option once the SEC is satisfied is to do a certified audit to get the company off the grays.
From my understanding, all shares sit until this issue is resolved.
According to this SEC memo: http://www.sec.gov/litigation/suspensions/2012/34-67868-o.pdf
They say this for why they suspended the stock:
KMA Global Solutions International Inc. is a Nevada corporation based in Ontario, Canada. Questions have arisen concerning the adequacy and accuracy of press releases concerning the company’s operations.
I'd say all will be fixed. My guess is once JR shows the SEC that the PRs match the results, all will be fixed at the end of the month. If anything, once this is fully available it could go up simply due to the company being vindicated. Key in this is JR responding and verifying the info of concern to the SEC.
I also smell Mini Poo's underhandedness here.
LOL, I'd like to see his list of successes and if I am impressed, I may listen and take his POV more seriously. I have no problem with critics of any stock, but it gets tiresome to read the way out there predictions of gloom and doom.
Yet it held on with tons of pressure pushing it down. Right....
No offense but are we supposed to believe that? Anybody can say they have 40 yrs experience but since i don't know your picks over the years forgive me if i trust my own experience on this stock.
News like this never really moves the needle when the market is expecting something else like revenues, etc.
It's still good news regardless.
Agreed. I also feel he is waiting for the 9/15 rev announcement.
Seriously? Nobody is buying your "view" on this.
Sure, I decided to edit that. While I am frustrated by lack of buyback news, I am still bullish and long.
Decided to stay quiet for now...good news!
You are wrong but this post is an example of why we need updates. Guys like this have NOTHING to stand on when there is info from the company out there to refute this nonsense.
YEP! Exactly. I see where some say news is for P&D stocks. I disagree. Those stocks MISUSE news by releasing silly stuff almost daily. Ours just needs to do an occasional sales update (check, he does that every month) and maybe an update on progress like the auditors and the buyback. If they can't give out numbers, just lay out when to expect some updated news.
Once the news we wait for is announced, we take off to where we all agree we should be.
Fly, please do not read into what I said as a negative. I am of the belief news is beneficial to us ALL. Flippers come and go but to keep the price gaining, Jeff needs to put out the info on the buyback.
I am fine with it being tomorrow or 9/16 or whatnot but even an update on the company from time to time won't hurt.
I was looking around pennyland today and I still think we hold the best long term penny stock out there. We just need to show the doubters that all the things we talk about here are backed up to the T with releases from the company.
Exactly. Charts are really meaningless in penny land when good fundamentals come into play. The news everybody craves helps us back up those points and shut up doubt.
Yes, fly agreed 100% but perception is key as well. We need the PRs to maintain our growth patterns and get to the next level. That is good for us, good for KMAG and good for future long term institutional investors who see this as a growing and healthy business.
Folks Lowman has some valid concerns here. While I still am not happy with his sales announcement a few weeks back, his point is valid when it comes to the perception of our company (I say our because all of us shareholders own it). In penny land, you gain more on perception and potential than you do on technical chart reading and earnings.
I've traded many pennies. I can say the ones that always held value, added gains and kept them (few as they may be) were a combination of smart CEO (yes, we have one), rev growth (check) and an update in news. While news itself will not hold a gain (see our recent rev announcement) people have to perceive that the company is doing all it can to grow and gain. We all know JR is working hard for us, I do not question that. But if people believe not releasing news is fine and dandy, keep in mind that HURTS us all with a drop in PPS and PERCEPTION that something might be wrong. Nothing IS wrong but try convincing people playing in pinkie land this is something they need to HOLD. Perception is the key to everything.
I hope JR gets the news out soon simply to maintain and grow our gains. Slow and steady is preferable to quick upticks which lead to deep drops. We will get to the promised land, we just need to get the PRs to keep any doubt from destroying all that we have gained.
For me, I hope JR releases the news asap. Not so I can flip or make a quick buck but to shut people up who keep using this lack of news to sell their silly conspiracy theories :(
That would be true if you were sole owner. As shareholders we own a piece of the company and a CEO telling shareholders to take a hike is not a smart thing at all.
I am in but be careful what you wish for. A CEO telling off investors is a recipe for disaster.
Then you have no idea of how things work do you? To make up numbers would be fraud. Show me why it's worthless? Experience? I have been trading pennies for YEARS. My experience digs a lot deeper than posting sarcastic nonsense on message boards. This is a proven winner. If it was a P&D like most pennies are, why hasn't it fallen back down below a penny? It's because even the market sees what JR is doing. THAT is worth something.
So I say it again, you are calling the CEO a liar because you were burned on other pinkys?
Not all are badly run shells dude. Stop. I know you still have shares so why not sell if you are so unconvinced JR is not telling you the truth?
baseball, he makes it sound as if all pinkies are liars. Not all are. A CEO can still go to jail for lying on numbers, pinky or not.
Most Pink CEOs will never give definitive numbers or they will say the product is still being sold, etc. Then when earnings are released, no sales, tons of losses, etc.
The pinky CEOs can't lie about earnings or they go to prison. Some bashers here seem to think because they got burned on some pinky stock with no earnings or anything but billions of shares to sell means they all act that way. I challenge them to show me where we are wrong.
Understood. Not worked up, just getting frustrated by people calling the CEO a liar.
Prove it is what I say.
Thanks man.
Joe, it's like talking to a brick wall. I will find his post to me calling JR a liar.
Must I find your post that questioned his assertions? I can find it and then this is dropped.