I'm statusless...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Good information! Thanks for sharing this.
It is definitely "On Topic".
Prove that KMAG will not make it off the greys.
Oh, you can't. We just have to wait.
I have buy orders at .003 on Schwab that are GTC. Somebody hit them for me!
Prayer is never useless! Good post Jaime.
My GTC's have not been cancelled.
True! So, then he must not be lying when he wrote this:
Management of KMAG stands behind all information provided to the shareholders as factual and supportable.
I guess you could say there is a lot of "fraud" (purposeful failure to state material facts) on this board. lol
Fraud is generally defined in the law as an intentional misrepresentation of material existing fact made by one person to another with knowledge of its falsity and for the purpose of inducing the other person to act, and upon which the other person relies with resulting injury or damage. Fraud may also be made by an omission or purposeful failure to state material facts, which nondisclosure makes other statements misleading.
Customer Satisfaction survey received from the SEC today regarding my complaint about the manipulation of KMAG.
We shall see where this leads...
Sounds like a lot of speculation. Maybe you could come back to us with more concrete information?
Of course it depends on what you consider normal. I do not personally believe it will ever return to pre-suspension trading patterns. No suspended and relegated stock ever has that I can find.
I suppose a reverse merger is possible but have no idea what the implications would be for current shareholders although I suspect they would be bad. In addition, and I am not sure on this point, I believe FINRA/SEC would have to approve the reverse merger. I haven't a clue if they would ever approve such an event for a stock they just suspended.
As regards buyout, IMO it would be extraordinarily stupid for any entity to actually buy this POS.
Liquidity of the float at 100m?
How could that be possible? It would have had to have been true prior to the suspension of trading and there were days where it traded upwards of 30m. So then 1/3 of the float traded in a single day?
JR has stated that the chapter is closed. I'll take his word for it. Let's see where we go from here. Not selling!
Share price does not reflect value in the greys when only a paltry 1.68m shares have traded hands. The value of the company is clearly much much higher. This will become clearer in the coming weeks.
Paying any price would be foolish. Why not wait for sellers to come to us? They are the foolish ones.
I believe that would be speculation on your part unless you
are privy to information that has not been made public.
Correct?
Share price when only 1.168m shares have tried is inconsequential.
Not indicative of where people who are willing to sell WILL sell.
One million shares traded at .003 is 1/500th of the floating shares.
Who calls JR a corrupt criminal?
Maybe that's why they caught the corrupt criminal JR. It takes a criminal to know one?
Don't you mean stockholders?? Not pumpers but stockholders posting DD they have found.
Newbies should question why posters are here. Yes, some want the price to go up and...
So then I can post that KMAG WILL be coming back and be as accurate in my statement as you are being since it hasn't happened yet. Correct?
Neither statement is factual. So why post it until it is?
Why provide a link to a PR? You don't believe they are factual even when JR said that he stood behind every PR he has put out.
So around and around we go, where we stop JR knows...
and he's not talking until all is said and done.
What? For 3000 shares, seems those that want a lower entry point could put up more shares than that to show dreamers that the price is falling. Probably sold those shares to themselves.
.0035 is only temporary, too many relationships to call this a scam.
Money to be made by those that hold and add to their holdings.
Hello Lowman! Welcome back!
Good to see you posting again. Yes, someone wants shares bad.
I'm in and adding to make it harder for those that want in later.
Again, welcome back.
NOBODY bats 1000 forever, especially part of the US government,
and please no PM's, thanks.
So, who would sell at .0031 when the stock has been trading well above that? BIG RED FLAG!!!
I wish those smart investors would sell their shares to me.
Funny- Why sell at .0031 when GTC buy orders are in much higher?
To drive the price down and get weak hands to sell. Oldest trick in the book.
Come on, someone fill my order! .004 - 500k
You don't know?
Good Post! I'm just hoping there will be some shares
for me on Friday when I get more funds.
Sounds like an opinion to me. Definitely not fact.
It would be ridiculous to release the PR AFTER the suspension was already in place if it were not true.
Only a moron would think that. Only someone who thought this was a scam would think that.
Is this your opinion or is it fact?
Have you worked for the SEC?
If it's fact, please share how you know this to be true.
That response doesn't suggest a clear understanding of how the SEC works.
That's right St. John-
Insiders buy for only 1 reason- they know what's coming. And he would never PR a 37 million share buyback while on suspension unless it was true. I wonder how many CEO's have PR'd a buyback while on suspension. KMAG is a first in that arena and I'm sure they will make it out of the grey's!
the LOW(down) on KMAG **RIGHT HERE**
Regarding the speculation about KMAG and converted shares, we need to get a LOW perspective on things............
While the jury is still out IMO, regarding the insider conversion, the sizable open market buy trumps it all! That's hard, cold cash(!) that removed those shares from the trading pool (float). That's fact!
The OMB (open-market buy) may not be SEC registered, but PR'd is just as good. Not a single, sensible CEO in the world would make that PR statement if it weren't true, as easy as it'd be for the SEC to verify.
$150,000 (As in, One HUNDRED and FIFTY THOUSAND DOLLARS!)
What part of $150,000 (As in, One HUNDRED and FIFTY THOUSAND DOLLARS!) ...
...aren't people not getting???
Yeah.!
That's exactly what I like to see my investment in a CEO doin' with his money!
~A Fool and his/her KMAG shares are soon parted.~
Before you panic sell on Monday, consider this:
All stocks are essentially valued by their revenue and debt, which determines their marketcap. KMAG is debt-free with extremely attractive revenues.
For KMAG to fall to .0001, the marketcap would then be $75K.
For KMAG to fall to .001, the marketcap would then be $750K.
At .002, marketcap would be $1.5M
At .004, marketcap would still be a paltry $3M, which is less than the last quarter's revenues alone (just reposted by JR yesterday).
While it will be perfectly understandable for some to sell upon open on Monday, panic selling will likely be an emotional act of impatience at a price substantially lower than even the current KMAG greysheets situation dictates.
It has been almost 2 weeks since KMAG has traded. Selling at a considerable loss the first day trading resumes would be senseless. Waiting one week will likely be the difference between selling at a huge loss, and selling to break even.
Remember, wealth is the transfer of money from the impatient, to the patient, and a loss is usually not easily recovered.
Think, before you sell.
Nothing is EVER as bad as it is made to seem. Nothing!
KMAG will rebound, and will do it in far less time than purported.
That's what is open to speculation.
To discuss it like it won't trade is just wrong. The stock will find it's FMV. Based on the revs that were just posted again to OTC yesterday it should trade well above .01 in my opinion. THAT'S closer to the FAIR MKT VALUE. Patience is key here. Waiting out the fear trades of the first few days should see the stock trade back to a decent level.
Let me ask you a question...
What other information are shareholders going to receive by the end of next week that could change the landscape considerably?
Don't know that either, do we??
There will be a lot of buy orders submitted come Monday.
The stock will trade!
It doesn't need a bid/ask to trade.
You state that as fact. Isn't that an assumption?
Isn't this an assumption?
Yes...KMAG has filed Financials but the SEC's "questions" are far reaching into every facet of KMA Global's activities.
No one is perfect. Sooner or later, it's bound to change.
Perfect opportunity for KMAG.
I sincerely wish I could believe that statement.
Garyst, thanks for your efforts here! It's nice to find some quality posts!