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Good day to all shareholders (present & future).....no predictions here......but lots of anticipation....GO $$KMAG
Maybe it was....but the date was seized and twisted around as an 'all or nothing' ultimatum date.....and that is ridiculous....bottom line here for most shareholders is that Jeff Reid's word is absolute gold - he has always come thru with promises in the past, though not always by a certain date...and HE did not say anything about meeting this deadline...
The Friday thing was seized on as just another way to try to discredit KMAG.....I don't believe many here take it seriously...
Like you say, getting it right trumps everything .....and we also can throw audited into the equation which may lead to some additional delays IMO....but, who knows.....time will tell....but, have to admit, to me anyway, it's starting to feel a lot more like Easter is coming rather than Christmas and New Years. $$KMAG
Well, philly, I'd sure welcome some of those elusive 000's to feast on.....but, it'd probably be a kinda ugly feeding frenzy in the swamp if we saw those kind of prices .....so, if it happens, great....if not, great.....$$KMAG
Haha.......I'll take those sugar plums, cuz those 000's promised are clearly not gonna happen...lol $$KMAG
Absolutely JH4!!......after the 14th is just fine with me - maybe that might scare up a few of the 000's we've all been promised for so long....WHOA!! $$KMAG
Very thoughtful post, however, the assumption that the SEC isn't wrong regarding KMAG or many issues is one that is definitely VERY debatable:
www.judicialwatch.org/blog/2012/11/sec-watchdog-fired-for-reporting-misconduct/
www.judicialwatch.org/blog/2011/08/sec-rewards-investigator-who-botched-madoff-probe/
Some quotes from the above article: 'famously inept federal agency'..'the SEC has made headlines for a variety of shameful transgressions'..'come under fire for wasting nearly $557 million on luxurious office space it will never use and lying to cover up the wrongdoing'..'Then there was the botched investigation of the largest Ponzi scheme in history. The incompetent SEC investigator who missed Bernie Madoff’s illegal, $50 billion Ponzi scheme actually got a cash bonus for his good work. A scathing SEC Inspector General report exposed this atrocity and outlined how the agency failed miserably to catch Madoff, who defrauded investors out of billions and eventually pleaded guilty to 11 felonies.'..'Instead of taking action to remedy the “significant failures” SEC officers and employees tried to “cover-up” and “white wash” the “public relations disasters” '
Then we have the issue of why we haven't heard from Jeff...well, clearly (to me anyway)...there are only 2 possible explanations to answer why :
1) The SEC is right and JR cannot say or PR anything lest he further incriminate himself...if this is the real reason, the naysayers here are right and the stock will eventually fade away.
2) The SEC is wrong....JR has already put out a PR saying the company will "vigorously defend itself" and the company and Jeff will do just that WHEN the attorneys say he can....if this is the real reason, the faithful here are right and the stock will eventually soar.
Doesn't matter what you, I , or anyone believe is the right timing...it is now in the hands of JR and the attorney's and their timing will be THE timing. I hear over and over how dealing with the SEC & FINRA takes many months, even years - well, right now, we are about 2.5 months into this since hearing from the company...does that really justify concern?....IMO, it will again simply be answered by the result here - pro KMAG, it will look like the prudent, thoughtful path...anti KMAG, it will look like avoidance.
I, like you, am also very tired of seeing investors bilked out of $$$$...it's the reason many have left the market - they rightfully, IMO, believe it's a rigged game...many who have invested in KMAG did so because they felt they may have finally found a non-scoundrel type CEO in JR, so there is no question the resolution here will have some small impact on some of us common folks perception of possibilities here in pinky land..I shamelessly admit that I WANT this story to end well just to show that it IS possible to have a real company with honest and forthright leadership - this isn't blind worship as I am well aware that this is pretty much an all or nothing bet (with the odds, though not the facts yet, stacked against)..the biggest reason I'm sticking with JR is his track record - everything he has said or written about has come to pass, (though not always in the timeframes promised)- he has proven again & again his word is gold - and that still means a hellava lot to an old fart like me...in the coming weeks as this is resolved, we all will learn something - right now, we just don't know for sure what.
Best to you JFP4 & all KMAGGERS....I'm betting on JR until I'm shown convincing proof that I should not. Yes, it's a longshot, given the power of government, but I also know that I , for one, will NEVER bow down (unlike a certain leader of ours) and take it without fighting for what is right.. JR is a fighter as well and that's another big reason I'm with him.. $$KMAG...Apologies for the long, drawn out post.
So if the SEC isn't wrong, than what is the issue? I find it hard to believe that such an acclaimed individual as Jeff Reid would continue to remain silent if he had some serious defense in this case. We should have heard something by now, don't you think?
Actually, it got boring in here a LONG time ago....lol...that's why so many have taken a sabbatical from the board....doubters stay tuned - $$KMAG to awaken soon.......
Wow, MUCH faster than expected, that's for sure.....thanks for the update...awesome news..........$$KMAG
What we glean from this message is that an earlier post that stated that the editor of RFID magazine had said that KMAG & CEO were a fraud was a lie....an outright lie...
We all know that KMAG is a small player in a very large and getting larger RFID market.....that's one of the beauties of this stock - KMAG can carve out niches (aka Gemini tag), capture a small share and do very well....$$KMAG
Nice work DJ.....yes, we longs know from the past history of JR that he is a man of integrity....a person's nature normally stays the same through thick and thin.....KMAG, the stock , is obviously in tough times right now while KMAG , the company, continues onward...all of this mess will be sorted out in due course and the stock will recover , live long, & prosper :)..... GLTU and all loyal KMAGGERS
Well, Arnold, all I can say is that I'm quite happy with the current odds....:) GLTA loyal $$KMAGGERS
Like many things, it comes down to one's perspective...silence can be a killer, or silence can indeed be golden...perspective....many go back in time & remember promises made & always kept....
So, do your own DD, make up your own mind & place your bets....winners and losers...$$KMAG
Me too......best to all KMAGGERS
I am willing to be
wrong and I can live with it. LOL
Is that so???? LMAO......some how I don't think your absolute pronouncements about time frames have anything to do with anything, but that's just my crazy humble opinion.....
But, I agree......keep dreaming large laddies.....$$KMAG
If SEC requirements were made it would have been PR'd by now.
Well....that is the tug of war going on here isn't it? Those that look at any stock banished to the greys and say that it can never return - and those that look at this stock KMAG, and say it will return...so, as to better sense, well, I would have to say that part has not been resolved yet, has it?
As to calling it a punishment (for those that sold) if it does 'miraculously' return, I might just say that right now those that have sold or counsel others to sell have been non-stop in their disdain for the CEO and all 'bagholders'....so, when (oops, did I write that? lol) it returns, I will call it a reward for those wise enough to see that each situation is different, there is NO absolute in life, and simply put, that looking at all the information available, that their bet was a good one and paid off!! $$KMAG
I just wonder what current buyers think that they are getting.
On one hand I hope a miracle happens, which may save them from
themselves, and on the other, if there were such a miracle it
would be as a punishment to those whom had better sense and training.
Nice pick up ceeker.......we keep accumulating.....we are thought of as crazy (by some).....but, maybe just crazy smart...$$KMAG
Bit of a flaw in your thinking.....if JR is the scumbag you all say he is, then he doesn't give a flying leap about a PPS of .0002, .0001, or .00000000 for that matter......if he is the real deal like many shareholders believe, then the PPS while on the greys is also meaningless, and the only thing that should matter to JR would be getting off the greys......
Speaking for myself, I have NO interest in wasting trade costs on such a puny order.....only way you will get those sold IMHO is if they are somehow bundled with a larger order...(unless, or course, it's just someone thinking they will make a point by lowering the PPS and therefore makes the puny trade - go for it!!!, I'm sure you'd become a legend with your fans....lol)....those that are placing double down bets will welcome the decrease in price.......have a great day!! $$KMAG
KMAG 25000 @ .0011 = $27.50 minus trade cost
KMAG 25000 @ .0008 = $20.00 minus trade cost
KMAG 25000 @ .0005 = $12.50 minus trade cost
KMAG 25000 @ .0002 = $ 5.00 minus trade cost
LMAO.....sure wish you would wait a few days (when my funds clear) and had a LOT more....
The continued defamation of this CEO on this board is something that I hope will be legally addressed at some point....although, I would bet that he will just let it go (should have been addressed months ago with a certain group IMO)....$$KMAG
FWIW....defamation....'Any intentional false communication, either written or spoken, that harms a person's reputation'
Many, oh, so many.....lol.....BUT....vindication will be oh so SWEET....$$KMAG
The Great Oz (SEC) has spoken.....lmao, just couldn't get that scene out of my mind reading that post.....We shall see...place your bets.....$$KMAG
Yep....place your bets....one side will be very right, one side will be very wrong....GLTA....
WHOA!!!!!!! What a great day it is here in Dallas....you guys need to up the onslaught as the PPS is too high for my bid...$$KMAG
All longs are well aware of Aunt Eller......and I caution, mess w/ Aunt Eller at your own risk.....WHOA!!!!
If he does this and KMAG is vindicated, I'll be the first to sing happy days. Until then, no one here should talk as if KMAG's recovery is a sure thing, unless you have other factually verifiable information you're not sharing? Do you? I am sincerely all ears.
With apologies to a favorite of mine, Mark Twain:
The reports (here) of my (KMAG's) death are greatly exaggerated.
And on a philosophical note:
"Sometimes good things fall apart, so better things can fall together" .....Jessica Howell
So, here's to better things ahead....$$KMAG
IMO, it all comes down to wins and losses.....when someone makes $$ on a stock, funny thing is they are almost never looked at as 'infatuated'.....only when they lose....:)...gotta luv it....place your bets...$$KMAG
That's probably right, but it never should ruin anyone....if they follow rule #1 of never betting (because it's ALWAYS a bet in the pinks) more than they can afford to lose....$$KMAG
And the only DD anyone could have done is the scrip that JR wrote in the ways of PR's otherwise there is nothing else to go on
Ok......stock market WILL be open tomorrow....$$KMAG
Good point greenman.....have to be nuts to meet with some 'fans'.....so, we just have to wait and be patient, which is what rational voices have been emphasizing......I'm sure we all wish the best for all those in Sandy's path - I have many friends and relatives in the area and I'm praying for all of you....$$KMAG
Just a little reminder for anyone that may have, uh, forgotten it:
During Q2 the Share Buyback was completed adding another 37,100,000 shares to the control block of the company............CEO Jeffrey Reid States "As the major shareholder and founder of KMAG it is my intention to deliver maximum value to ALL SHAREHOLDERS for the long term."
Management of KMAG stands behind all information provided to the shareholders as factual and supportable......The Company reiterates that all claims in its press releases have been accurate and the registration process will allow the Company to vigorously defend itself against any claims to the contrary.
Great post....my sentiments exactly.....place your bets and act accordingly - stocks are gambles.....this is no different...GLTA
I have it from a good source that the package was picked up.
I'm betting on the resurrection, tyvm......still trying to get to 10 million....and the way the bears seem to be winning at this point, I'll probably get there pretty soon!! $$KMAG
Thanks, Ceeker.....I guess we'll wait until you can post again (tomorrow), but I'm sure it will be interesting....appreciate your efforts!! $$KMAG
That is the key imho.....as long as that is accurate (that he IS 30% stockholder), everything else should fall into place....just gonna take time and $$$$ to get back on track......
Audited financials, uplist and new IR department....that's what is needed....GLTA
Lol, ain't that the truth!!!! GLTU and all $$KMAGGERS
Yep, it is an excellent FIRST step....now we all want to see timely followup...