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Looks like Mark finally found his mouthpiece for this stock.
Why???
Those .0001s are there because of the coming RS, it has already been submitted to FINRA and we are just waiting for them to approve it. That approval could come at any second, and when it hits say goodbye to 90% of your value.
No doubt they would claim that it's because the firm concerned would be swamped with calls from naysayers
You have to admit, it is better than nothing.
Well, at least Mark is keeping up with his SEC filings, sort of.
http://www.sec.gov/Archives/edgar/data/1550222/000111776814000872/0001117768-14-000872-index.htm
Thank you, lucky.
Don't know if I like the new layout, but seems to have some nice features. One of the new features is; as you enter the ticker you are looking for, in the search box, it looks only within the current list.
Actually, JR promised a NOBO in the last filing on OTC Markets website, over 2 years ago.
See page 3.
http://www.otcmarkets.com/financialReportViewer?symbol=KMAG&id=96805
Seems Broadridge couldn't supply one back then. Probably had something to do with wanting to be paid.
Who isn't??
100 Million shares at the ask, for over two weeks. What is taking you so long?? LOLOL
I WILL BUY YOURS, PUT THEM UP.
Of course it didn't happen, what self-respecting auditor would risk his job over JR's KMAGinary numbers.
They are probably still laughing about it.
Or they may be using it as liner for a birdcage.
No one else could influence a Form 10 filing. So much for "3rd party intervention".
OK, that would make sense.
I thought I read somewhere (DD board?), that if the SEC has questions or concerns they upload them to EDGAR for everyone to see. Did I misunderstand, or does that only apply to 8K, 10Q, & 10K filings?
OH NO, there is a typo....
The underlying point is still valid.
It was stated that the paperwork was in with his records. So did one of those other entities break into his offices and plant it?
Oh, that is right, this is KMAGinary land.
Actually, this is very fitting for KMAG:
seller stating there are 750 million widgets (Shares)
they find a paper that says there is 1,000,000 Billion widgets
You state there is a set price based on 750,000 widgets. No where in post is it stipulated that you are paying per widget. If the seller wants you to pay for the extra widgets, that is his problem. After all HE is the one that produced those widgets and lost track of them.
Bad example, does not apply at all. If the seller thinks there are only X# of widgets, why would the buyer complain about getting 50% more for free??
KING Digital was just honored with a 'Video Chart'. Should I dump first thing in the morning? Or am I already screwed?
Good luck.
Since TDA won't allow buys, and can't advertise your offer (due to grays), I doubt they will sell. I'm in the same boat, have all but given up on anything selling. And really the problem isn't the grays, as much as the DTCC slapped a new chill on us (and others) due to dealings with a questionable financier.
The FINRA rep probably told Mark:
'You know, if you had filed a Form 10 first 2 years ago, like we told you then, we would probably be done by now.'
And of course Mark heard:
'you... file a Form 10... would... be done... now.'
As to the effective date....
I believe I read something recently (?on the DD board?) that mentioned FINRA needing 2-weeks for approval of an RS, and the 11th would be 2-weeks after the NVSOS filing date. Could be as simple as they filed with both agencies at the same time and guesstimated when the RS would go into effect.
As to the ratio....
My expectation is that we will see 100:1, which is the ratio Mark pulled on MIK*. Although, it could be 200:1, which would bring the OS down to a similar level to where MIK* was immediately after that RS. (Before he diluted it back up.)
We were almost maxed at the 5 Billion AS, if it is being reduced to 1 Billion what other options are there?? No cash for a buyback of 4 Billion shares.
I suppose we may find that it was supposed to be an increase to 10 Billion.
Authorized is being reduced 5:1, we don't know yet what the Outstanding ratio will be. Could be anything....
On Mark's other company, I belive he RSd the Authorized ~5:1 and the Outstanding 100:1. That made it look better, since it reduced the amount he could dilute. My guess is that we are seeing the same thing here, as the NVSOS site shows the Authorized is reducing 5:1.
Actually, imiloa, jainshul is correct. All 'Beneficial' shareholders at TDA are lumped together as one. When a company sends out proxies for shareholder meetings, they send them to TDA who in turn sends them to the beneficial holders. If a company orders a NOBO they will get a more accurate count, but some brokerages may allow beneficials to exempt themselves from being listed.
From TD Ameritrade:
A security held in street name means that it is held in the name of the broker or other nominee, rather than the client. The client is still listed as the beneficial owner, with all the rights connected to that security. Due to the complexity of tracking every stock certificate to an individual, most brokers hold securities in street name. If you don't want a security held in street name, you can request a stock certificate or you can register it in your name directly with that company's transfer agent by transferring the shares. Please note that both choices may create less liquidity for that security.
Actually, the story goes...
MIKP already has a MM (BMAS) that filed a 211, but after several months of back and forth with FINRA, Mark was told by someone @ FINRA that if he filed a Form 10, it would speed up the process. Supposedly it would be almost immediate.
A couple of posters contacted BMAS, and they corroborated the 211 filing was made.
I have a feeling they may have told Mark to file the Form 10 in order for him to hang himself.
The other possibility is that if MIKP becomes a 'registered' stock, the SEC can have more options to shut down the trading completely.
Watch it, or we'll scratch your eyes out!!
OK…
I made a promise a couple of months ago, so I guess it is time for me to put on my ‘Happy Face’
But, just so Mark realizes, this isn’t permanent.
I know that I have been extremely negative the past many months, but all Mark has to do to get me positive again is: FILE THE D@$# FORM 10!!!
During the year ended December 31, 2012, the Company issued 275,000,000 shares of restricted common stock, to Fairhills Capital Offshore in exchange for cash of $33,000. There was a charge of $22,500 to Issuable Shares and $142,500 to Additional Paid in Capital with no impact on the Stockholders’ deficit.
If the CEO doesn't control them, who the 'bleep' does??
I know it is the President, OH wait, that's Mark.
It must be the Secretary, OOPS Mark again.
Lot of peeps of all persuasions here....
A 20:1 RS would free up 4.7 BILLION shares, for Mark to dump....
Sounds pretty massive to me.
Maybe someone should call the manager of the property, after all his name and number are on the order.
Speaking of the KMAGgots, check out the lone entry for the PVSP board.
WTH?!?!?!
You guys keep giving me the runaround on my Basher Union membership status, and I'm more than double Janice!!!
LOL
MOTION to appear telephonically at the Scheduling Conference on Monday, October 22, 2014
ADCS NO product !!
Sounds like it would be a good target for an Ebola P&D.
what will Chris Mills bring to ADCS if he joins the board?