KMA Global Solutions International (KMAG)

[DragonBear]

I think the road map to re-instatement changed along the way

The faint hope, i beleive, is that a QB shell has filed an S-1 making it possible to R/M KMAG into it,. I am not sure whether the SEC would approve/disapprove, or what the criteria for that strategy may be in this situation.

A R/M into a shell would involve FINRA approval of a Corporate Action Request per Rule 6490. Approval falls under the criteria outlined in Regulatory Notice 10-38. Within 10-38 is specified when a CAR is denied or deemed "deficient":

FINRA has actual knowledge parties related to the Company Related Action are the subject of a pending,adjudicated, or settled regulatory action or investigation by a regulatory body, or civil or criminal action related to fraud or securities violations (4)

Where footnote 4 specifies:

This includes instances where FINRA has actual knowledge that the SEC has issued an order pursuant to Section 12(k)of the Exchange Act temporarily suspending the issuers securities...

As things stand currently FINRA would block any R/M. Instead of posting a picture of a label machine presumably owned by rpac in China, Reid needs to get a S1 filed for KMAG. Where within the S1, it is stated the SEC has closed the investigation, and all issues around the suspension have been resolved. Then the FINRA roadblock could be removed.

Stockholders have no known "roadmap" back, as Reid has never outlined one in a PR. Anyone brave enough to "tweet" Reid as to when he will release a PR specifying a roadmap, and the time frame for a S1 filing?