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It means kma is no longer recognized as an Incorporation in the state of Nevada...which is where the incorporation was established! Its not just the business license! The corporation is no longerrecognized as a legal entity.
Merger is possible. But alot of other things would have to happen
It is the state he chose to incorporate. They could be exempt as a Non-Profit...lol
Who needs a busibess license?
Q. What businesses are exceptions to or exempted from needing a State Business License?
A:
Nevada nonprofit corporations formed under NRS Chapter 82 and Corporations Sole formed under NRS Chapter 84 are specific exceptions and are not required to obtain a State Business License.
In addition, specific statutory provisions exempt certain businesses from the requirements of the State Business License. These businesses must still initially submit the form, WITHOUT FEE stating the specific exemption. The Statutory exemptions are as follows:
• A governmental entity as defined by Chapter 76 of the Nevada Administrative Code.
• (b) A nonprofit religious, charitable, fraternal or other organization that qualifies as a tax-exempt organization pursuant to 26 U.S.C. § 501(c).
• (c) A natural person who operates a business from his or her home as defined by Chapter 76 of Nevada Administrative Code and whose net earnings from that business are not more than 66 2/3 percent of the average annual wage, as computed for the preceding calendar year pursuant to NRS Chapter 612 and rounded to the nearest hundred dollars. The average annual wage generally fluctuates each year. 66 2/3% of the applicable average annual wage for 2012 is $26,400.
• A natural person whose sole business is the rental of four or fewer dwelling units to others.
• A business whose primary purpose is to create or produce motion pictures. As used in this paragraph, “motion pictures” has the meaning ascribed to it in NRS 231.020 and who is registered with the Division of Motion Pictures.
• An insurance company holding a current license or certificate of authority pursuant to NRS 680B.020not conducting business not incidental to Title 57.
The IRS is not the SEC! True he is not required to report to the SEC. It is very clearly highlighted by you. There is no mention of sec what so ever. Its in black and white as you stated. Sole Proprieters even need a business license!!
How does that mean anything? Is Jeff and Kmag not required to pay taxes either?
Business license is required....if doing business in the state of Nevada. http://nvsos.gov/index.aspx?page=273#268
The photo of the labels is straight from the R-Pac website
http://www.r-pac.com/EAS/eas2.htm
"These two pictures show a high speed production machine in China..." These two pictures show a high speed production machine in CANADA! At the very least it is a poorly written post...
Photo of the factory in "china" was taken in Canada. Fact!
The "1234" poster on the right of the photo is a Canada work safty poster.
One thing for certain is that the photo was not taken in China.
News alert. Jeff Reid wants to sell more shares.
Lol. I really do not know at this point.
Good luck too u guys
Serioysly Z? . . . Musk? A few subtle differences. 1. Has a few employees 2. Has an office 3.has multiple websites. . . And is worth billions (and that is using audited numbers.) Really man. Not a good example.
I figured that was the only difference
How does the Gemini differ from others available?
http://www.rfidjournal.com/articles/view?3280
Everybody talks about Gemini like it is the only one of it's kind. What's the major difference that gives KMA such an edge?
I've got a little bit invested but a close friend is of mine is one of the serious longs. I am skeptical but hopeful for his sake. Good luck to ya
Car accidents draw a lot of attention too.
The best I can tell the only "facts" available are the reported UNAUDITED numbers. The only fact I know for sure is the SEC suspension.
$7 Million a quarter at a 20% margin would be $5.6 Million Net Profit for the year (which I would say is really optimistic)!
So that should put the value per share at about .007 . . . and that assumes alot of positive things happening!
And these wernt cherry picked. Theese were all recent charges filed.
NO BS at all. He is 100% Right!
No SEC Litigation action yet MEANS NOTHING. I'm not a basher just pointing out a fact. Just because it has bee 9 months means nothing. Here are some recent litigation releases from the SEC over the past 2 months.
MedLink Intl Suspended 3/26/12 Charged 5/30/13 14 Months Later
Subaye Inc Suspended 11/10/11 Charged 5/18/13 18 Months Later
Rino Suspended 01/13/11 Charged 5/15/13 28 MONTHS LATER!!
True North Finance Suspended 11/19/2010 Charged 04/16/13
MORE THAN 3 YEARS LATER
Mercury Interactive Suspended 11/07/2006
CHARGED 3/15/13 OVER SIX YEARS LATER!!!
I am not saying Kmag is legit or not just stateing that charges DO NOT happen over night.
If no news is good news then things are going great . . .
So no financial stocks were artificially deflatted due to the financial crisis?!?!?!
Yeah we could watch Boiler Room and Wall Street! Maybe even watch the Enron Docu-Drama
My attention is more intrigue! The back and forth is very interesting to me. This is better than reality TV. The problem is I worry that this does not go "to the Sky", The "Train" gets derailed and the Gators get skinned andmade into a new pair of boots. A lot of people would get hurt financially.
I'm not saying eiter way. Just saying the fact that is has been 9 months doesnt mean anything! Cotrary to popular belief the SEC does not file charges overnight.
No SEC Litigation action yet . . .
MEANS NOTHING. I'm not a basher just pointing out a fact. Just because it has bee 9 months means nothing. Here are some recent litigation releases from the SEC over the past 2 months.
MedLink Intl Suspended 3/26/12 Charged 5/30/13 14 Months Later
Subaye Inc Suspended 11/10/11 Charged 5/18/13 18 Months Later
Rino Suspended 01/13/11 Charged 5/15/13 28 MONTHS LATER!!
True North Finance Suspended 11/19/2010 Charged 04/16/13
MORE THAN 3 YEARS LATER
Mercury Interactive Suspended 11/07/2006
CHARGED 3/15/13 OVER SIX YEARS LATER!!!
I am not saying Kmag is legit or not just stateing that charges DO NOT happen over night.
RINO was suspended 01/13/11 and charges were filed 05/15/2013! The fact that it has been 9 months doesn't mean AHYTHING.
There has been "upcoming" news expected everyday for awhile now!!
66K in Rev but an actual LOSS of 464K? Not the greatest of news
It can take years to file charges!!
Charges were JUST filed on May 8th and they were suspended in 2011!!
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001139570&owner=include&count=40&hidefilings=0
Not hatin just pointing out that it really isnt "up 40%" This whole thing really intrigues me? So many opinions in the opposite direction!
Up 40% based on volume of a total trrade of $4,600?!?!?! Not exactly compeling.
162 Guelph St. is a UPS Store. Why the different address? Just one more question!
Saight from Joomla's help page
http://joomla-tips.org/joomla-troubleshooter/this-site-is-temporarly-unavailable.html
Sraight from Joomla.com support page
http://joomla-tips.org/joomla-troubleshooter/this-site-is-temporarly-unavailable.html
Yes t is!! That cant be a good sign
So my burning question is, if I were a retailer or a brand owber and wanted to purchase their product, how would I do it? Am I missing something?? Do potential clients contact Kmag at their "investor Relations" email? Or do they call the long distance phone number?
Who's to say Reid has any shares at all right now?
Wel Z, I threw in a few bucks, but don't really expect much to come of it.