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Just to clear things out, KMAG suspended ONLY because its press releases and NOT because of its financial statements!! See the difference, its from the link u provided. SO its a fact, that the SEC did not questioned KMAG financial statements!
"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.
8.
Mike the Pike Productions Inc. is a Wyoming corporation
based in
Indiana and
California
.
Questions have arisen
concerning
t
he adequacy and accuracy of press
releases concerning the company’s operations and the
accuracy of its fi
nancial
statements
"
There is no proof that KMAG done anything wrong, it suspended because someone reported a violation against the shareholders. Its an automated process after, that they had to suspend the stock. If this stock was a fully reported company, naysayers couldnt do a trick like that to downgrade this stock.
And before anyone tell that, fully reporting cost serious money thats why pinksheets not intend to do it, till business is booming.
Still dont understand the one who says its a scam, as it goes up from 0.002 to 0.01 within weeks and before that it keeps its price in a certain level.
And please explain why is that when this stock runing at 0.01 someone eager to sell it at 0.0065?? No true, honest and sane people would do that. If anything, that is a scam and have to report it immediately and EVERYTIME it occur!!!
yeah, please tell me at least 2 pinks which did as good as KMAG before!! I saw only pinks downgrading in pps, or fluctuating in an unpredictable way, so be specific!
Man, I gave my sell order to my broker (I am from Europe) and it still there. Its 74.250 shares at 0.006!!!
Theoretically, as NONE of us know whats happening behind the scenes, what if at dec 14, there will be a PR, or better an audited financial report??
I am so curious the reactions of certain members!! I think KMAG PPS and volume speak for itself, its clear that this stock has a big potencial and within a short period of time, it will rise back where it truly belongs!!
GO KMAG!
The SEC never request audited financials from a company under investigation, it only ask proof of evidence that the previous statements are based on facts!!
no one can provide any proof that the SEC asked audited financials from KMAG!!
There was a bunch of suspended stock at 17 sept, I look at them using investorshub and THEY DID NOT ANOUNCE ABOUT AUDITED FINANCIALS!
Most not even respond, some just say they will provide the good work they started!!
So if someone know a suspended stock that anounce they will provide audited financials other then KMAG, then I think everyone is curiously waiting for that link as a proof!!
Facts are, there was a company which suspended uppon suspicions, and while they did not find anything against them they send a letter of closure investigation and the company was back to PINK!!
So u are wrong, the SEC DOES suspend based on suspicions. FACT.
Well Peggy, it does not mean that the SEC found any evidence at all, it is just that they did not find the financials that backing up the PR. So it is at the moment only a suspicious to them, thats all.
If they wont find anything which proves they are right, then they will finish the investigation.
Nice findings BUT, it is only half of the truth again. Look at the suspensions reasons:
6. Global Technologies Group Inc. is a Florida corporation based in Florida.
Questions have arisen concerning the adequacy of publicly available information
about the company.
7. 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.
8. Mike the Pike Productions Inc. is a Wyoming corporation based in Indiana and
California. Questions have arisen concerning the adequacy and accuracy of press
releases concerning the company’s operations and the accuracy of its financial
statements.
The reason for suspension is NOT the same, it differs. KMAG is ONLY suspended because of the press releases he made!!! It is clear, because Mike the Pike is suspended because of his press releases and accureacy of its financial statements!!
The SEC DID NOT QUESTIONED THE FINANCIAL STATEMENTS of KMAG!!!
Nice try! Did not worked!
What if the SEC warned JR not to release any PR till the investigation over? Or the lawyers asked not to? OR JR just cautious enough not to PR anything until hes got audited finacials?
He stated whats his legal answer to the suspend, so he told anything what is relevant.
Next PR should be, he got audited fiancials and he sent it to the SEC, and AF is the same as he PR-d before!!
GO KMAG!
Bearspread - U just said how extraordinary JR is and how fine businessman he is!
Ok, Microsoft is not a good example, but APPLE is!! JR had cancer, (personal problem) and he can not manage his company. Steve Jobs left Apple for a few years and Apple almost went bankrupt!!
JR come back in 2011, and - what u said - from -1mill profit he managed to reach 3K +!! Thats +1 mill profit in a year!!!
Eh, if thats not great then what??
Then, he managed to reach 600k profit in the first 2 quarter of 2012, so sorry, I was wrong thats not 20 times but 200 times profit!!!
EH, if thats not great then what??
Phillyfan25 - I think this is the company (Microsoft) what everyone knows. So Microsoft emerged within a short period because he was there at the begining when computers rapidly spread around the globe!
So comparison maybe a bit way ahead, but it fits to my line of thought. SEC suspended KMAG because it grows too fast in to short period of time! That suspicious in case of KMAG but in case of Microsoft, Apple, its normal. So whats the directive, which law says which is the correct amount of growth in a year, or within a quarter?
THere is none, because every company and every field they work in is unique and therefore there is a potential to grow extraordinary within a short period.
Hi berdboy, EMG@ come back from suspension within a year, if you look at the bloomberg fax the date is 2010 sept, oct I am not sure anymore. So was a long fight but they did it and thats what matters!!
Bearspread - please, do not use only one side of the facts!! Fact 1, JR loaned money to the company, his personal funds, to start the business. By that time his loan worth 625mill shares. He managed to improve his business to reach 20 times more profit then before, he reached that EVERY month the company got 1 mill revenue!!! Within a slim year, that whats happened in KMAG!!
So, if JR shares worth huge millions now, then he is a scam CEO, or a successful business man?? (what about Microft? Is Bill Gates a scam artist too??)
IF u start a business for 1000 bucks, and now it worth 1mill then ur a scam artist?
I dont think either!!!
Sorry, that company WAS come out of grey market... (its late)
That company IS come out of Gray market, because SEC just finished investigation and DID NOT found anything against the company and the CEO!
SO Series of dreams, u were not right when u stated no company come out of grey market after suspension!!
So, if Jeff do the audited financials and submit it to the SEC, they will close the case and put KMAG back to PINK status!!!
Guys, within 2 weeks, no one can audit 2 years of financials! So be patients and wait for the official PR. If Jeff really wanna this done, then he had to pay a lot to the auditors to do it quickly, or he had to wait (till chrismas).
So either way, this is a legit bussiness with strong fundamentals, we should wait to the audited financials.
Till then, I WONT SELL MY SHARES!!!
GO KMAG!!!
Did u forget the part, when (someone just informed us) this converted shares CAN NOT be sold right away, just 1% within 90 days??
Dilution is, when from 1 billion, the CEO "upgrade" the common shares to 5 billion.
If Jeff loaned the money to his company, then he has the write to ask it back when the company is prosperous!
What if, he ownes the shares he converted and what if he buyed back 37 million as his last PR states??
Google - I have subscribe for 5-6 stock promo newsletters and following their promos to know what to do when I can not choose myself. SO, I NEVER saw in any of my promo newsletter that they mentioned KMAG!! The promo companies that were in that site was not familiar to me and I find my promo's in google! (first few pages).
My opinion is still the same, as we will be in the gray and IF this stock will be down, I wont sell it, because I do not want to pay comission for nothing. And IF JR will give the SEC the audited financials I will sell my shares minimum 1$!!!
So say what u want I wont sell my shares!!!
It is only the case when a stock deserve the suspend and grey status. If it is only because SEC is not sure wheather the PR and the Financials corellate and the Company provide the proper audited finalcials then it is a much shorter period without the chitchat.
GO KMAG!
Please, facts only. When KMAG provides audited financials EVERY MM can and will sign that form!! Period.
Ceeker - ur welcome, I heard it from a member whom words worth repeat. 8) Hoping the best, prepare for the worst!!
GO KMAG!
In general, and audited financial takes 1-2 month to make by and auditor, so if Jeff did not started yet, but in a hurry, he had to hire 2 auditors (or if its a big firm then more manpower for doing it) for the 2 years audition.
But however, if Jeff already hired and auditor and he did his job partily then it will be finished sooner!
Oh, one other thing, on that court hearing doc, the first participants are applicants, so they are not the accused ones!!!
http://www.canadians.org/election/documents/applications/Application-Elmwood-Transcona.pdf
Interesting FACT, that Jeff Reid is a Jeff Reed! and involved in an election scam!
God save our souls from fraud!
We will see about that. About other stocks. AL** was my favorite 2-3 years ago, it went up 4times high in a few days, because of a news they will mine gold at last. Then 3 years later they only say they have difficulties. So THAT company is a bogus one, so deserve a suspension, I hope they never come back to business again!
But I think KMAG is a different story!
Huey P - it is a deal then. I promise that I will criticize KMAG as soon as the SEC will announce that the company is doing something wrong which against the shareholders will, and the suspend was because of that.
IF bennie's information is legit, then the SEC investigate an individual who manipulate with a bunch of stocks (selling phantom shares, or doing other offshore fraud) so none of the stocks are investigated they are only involved because they can provide information against that individual!!
So, after inquery is over KMAG will be back in bussiness and clean as a newborn baby!!!
Next week we will se the 0.1 pps easily with the 37 mill buyback numbers!!!!
GO KMAG!!!
HAHA!! Jeff already started the auditing process, so if MM's need audited financials they will get it within no time!!!
No, SEC did that, because some scammer company said that KMAG did not closed that deal it want to perform, namely the 290 mill share offering. If that intension was true back then 2009!! then it may not work out or if it was performed (sold to an investor) then it was not properly paperworked.
So therefore the suspension.
If Jeff provide the neccessary info, then suspend will gone...
Hi all, I read the lawsuit! It is ridiculous: The plantiff doesn't even has a contract with KMAG, he just perform services for the company.
Its like when my bank sent me a letter that he will extend my credit for another 1000$. I thought that I do not need that, so I ignore the letter. After a while I find the letter in my desk, and read it through again. In the last small letter section it stated that they warned me about the changes and if I do not respond or cancel than they will perform it!!!
So this is just a scam, someone did against KMAG!
Anyway the lawsuit says that KMAG should pay 349,000$. NOthing more, and I think this is not worth a halt by the SEC!!! So this is a final atempt to stop KMAG beeing a lead RFID provider!!!!
GO KMAG!!
Bfavre40 - ??? Didn't u read the PR?? Buyback number is 37million!!!!
What are u talking about?? Maxed out share structure??? Maxed out is 5 billions!!! This stock wont see that, never I say!!
This stock will make ME rich, not u!!! I garante it will go up in next week, we will even reach 0.02!! Then u will be disappear as usual when thing go just fine.
GO KMAG!!!
Of course I am in!! Look, now, all the flippers are gone, angry flippers posting negatives, so what did they say? "buy in fear, sell in cheer!" or something like that! 8)
Tomorrow will be ugly, for the ones who sold today!! Tomorrow we will see 0.019 or around, it will be a great day for KMAG!!!
P.S.: How will it be 1$ in december?? Easy, it will go up, to 0.2 till november, then with a few news and excellent monthly numbers, it will go up to a dollar easily!!
GO KMAG!!
SO I read it through. Jeff lend money to the company 328k for years, and now he got 140 mill shares. Lets say he sold it 0.01. it is 1,4 million. But!! He made 616k PROFIT to this company!!! So it is not dilution it is a BONUS!!! Nothing more. He could raise the common shares to billions, but he did not do it, just withdraw some of his well deserved extra salary!!!!
So, my prediction is still the same 1$ till december!!!
GO KMAG!!!
Where are the financials??? I did not see any news or announcements??!!!
Ur right! Everyone is waiting for action so temperature is rising!! 8) Heated conversations, and speculations of the future...
But hey, 6 days, and we will see clearer and we will be richer for sure!! 8)
GO KMAG!!
Yo, I understand the logic, but how old do u think Jeff is?? He is max 50, but surprisingly genetics hold the key, in my country there is a a lot of grey haired people who just past their 40, I even saw a guy totally old haired (not albino) who happened to be 37!!
So, if u have a good product or a unique perspective, it can be a a big success in no time or within a 1-2 year period.
In the good old days, when Microsoft and Apple step up and within a decade became a big bluechip company, life was not in the fast lane. Today, every half year a new computer part is coming out and the last of that will be outdated.
I did not say that in january it will be at 10$, but if KMAG will have a steady base of customers and gross, then it can go over a dollar within next year.
P.S.: of course, if KMAG will be able to do that, there will be a tons of rise and fall days and weeks, before it will be a boring OTC stock.
True, true! But consider this: If Jeff plan is to reach and hold 0.1 till 3 months to uplist, then August is not a good month to start with, because as we saw a quick rise and a sharp fall was the max it was capable of. So from september till november he have to start the fire with the big powder keg (BB number and audited Q2) then weekly or 2 weeks in a row he have to feed the fire, till at least 0.3 pps.
If KMAG able to reach that, then it has a chance to hold it through the rough dec-febr time frame. And next year, if nothing else just a few new customers and steady monthly revenue, then this company is golden for a long term investment 2-3$ pps at least within a next couple of years.