"If there is no Form 10 showing by Monday morning it will be very evident that Duncan Reid did not file at all"
"Nope. That's the facts. When you submit to Edgar it shows up almost immediately. I'll give Duncan Reid the benefit of the doubt and say that he said they were submitted before he actually submitted them and did it after 5:30 EST and assume that they will be showing up on Monday morning."
Unfortunately that is total bull shit!!!!!!! Absolutely nobody has any real proof or facts of what is taking place behind the scenes, alot of speculations and nothing else. However ones speculations does not constitue knowledge of anything that is going on or is fact. I believe that nobody has any authority to speak for the company CEO, unless he has given that privelege to do so. Being that no proof exists to that fact is stands to reason that anything and everything said about the company CEO and what he did or did not do is nothing more than speulation and amounts to nothing more.
However, what is known is;
Some KMAG food for thought-recycled garbage
It is claimed that there are no shorts, HOWEVER, it has been shown a good number of times that they do exist. It might want to be moved off the table, unfortunately it cannot be.
As claimed the float number MIGHT be a little high, but then again it MIGHT not be a little high. The key word here is MIGHT. So both ways at this point is nothing more than speculation and guesses.
That leaves the most important factors of all, many, many months of recycled garbage;
For over 21 months now everybody has been told just how terrible KMAG and JR are, with everything but the kitchen sink thrown at KMAG, no wait I see the kitchen sink was thrown also. There have been countless attempts to bring KMAG down with accusations of it being a fraud and scam, the company CEO was going to jail, then later changed to being under house arrest in Canada, words of how the SEC was going to do this, that and the other thing to JR and KMAG. It was claimed that nobody buys on the greys and that FINRA had said that KMAG would be grey forever. Of course all of the before mentioned claims and accusations had no validity nor proof to them and KMAG just kept chugging right along, so much to the fact that KMAG's pps has risen from a mark of .0012 post suspension to a pps of a solid penny and growing to this day. Of recent the attempts to bring KMAG and JR down have picked up to a feverish pace. When the board marks here went down, it was said how very important those marks were for the company and by the then fact that board marks were declining it was an idicator that there is no interest in KMAG. However as those very same board marks increased and surpassed the old count, those very same board marks all of a sudden became no big deal. How ironic is that? Next came the word that KMAG had no business license and that was prood enough that KMAG was a scam and fraud. Without having one KMAG was doomed. But something happened along the way, all of a sudden KMAG's business license became active again. Of course this in turn got played off as being no big deal and not of major importance, isn't in funny how things work with KMAG? It is most obvious that the company CEO has been working his tail off to "right the ship," sure there have been many road blocks thrown in JR's way and sure some time tables were not met, but that has not deflated JR's ultra willingness and desire to continue his endeavor to make things right. It would have been so easy for JR to just cash in all of his chips and walk away from the quagmire that was thrown his way, has he done that? NO, he has not. It is very apparent that JR has rolled up his sleeves and been hitting back for the past 21 months. It is felt that JR now has KMAG on the verge of doing something really spectacular, as he has worked very hard for his faithful and loyal investors. The form 10 is getting beat to death and hammered really hard, however take a look back. It was also getting beat to death and hammered really hard that KMAG was a fraud and scam, the company CEO was going to jail, the SEC was going to do this, that and the other thing to KMAG and JR, nobody buys on the greys, the board marks are very important (of course only when they went down), there was no business license, ect. All of those things went for naught and KMAG remains strong and solid with a significant group of strong fisted investors that cannot and will not be scared off with unproven claims and accusations. As with everything else the form 10 shall come and pass and anybody who desires to see it will be able to do so. When? Well that is for anybody and everybody's speculation with ONLY JR and the SEC knowing when that will take place. Ever deal with a government entity, if you have then you should know they do nothing fast and everything is very time consuming. One thing is for sure though, when that form 10 comes out, it will be painted as no big deal because KMAG is a scam and fraud. Yes, things are very ironic in KMAG land!!!!!!!!!!!!!!!!
It sure appears that the ground work is being laid for when the form 10 appears, attempts are going to be made to claim that it is really no big deal, now remember how important it was with the business license, when KMAG's was inactive it was painted as without it, KMAG was nothing more than a scam, fraud and was dead. However, when it DID appear as active, well then it of course was no big deal!!!!!!!
Of most recent the fable of JR going to jail has been recycled yet again!!!!!! If one believes that the company CEO is going to jail, then one most obviously believes in the Easter Bunny and Santa Claus.
I do believe that gatemate said it best when he gave his honest opinion,
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Here are the facts and small summary of the history. KMAG CEO regains the reins of his company after unforeseen illness. An industry expert and holder of patented technology that rapidly proves its value and relevancy in an ever changing retail, wholesale environment. Utilizes the long established contacts and relationships in multiple industries and makes significant progress in gaining sales and growth. States those gains in PR releases not concerned about their validity or accuracy, because they are accurate and valid. Growth and revenue are marked improvements over previous numbers because said CEO was not at the helm. Growth and revenue gains significant enough to grow pps value of stock. Unknown event or speculation that said revenues are inaccurate and wrongly deemed to be misleading by SEC resulting in a Temporary Suspension by SEC resulting in a grey market listing. CEO immediately issues a PR stating that company is and will present the necessary documentation and audited financials to validate PR statements. The road back for validation and submission of documents and legal compliance for government approval along with the associated costs of professional counsel and expertise while continuing to grow and develop both additional technologies and clients proves to be both costly and long. However, because the technology of KMAG's patented products continue to prove valuable enough to retailers and other industries, growth and revenue continue unabated. Frankly as a business man if a company is offering value and a quality product with a relevant ROI to my company, I do not care if it is publicly traded or privately held. IT PROVIDES VALUE FOR A COMPANY! It will be successful. Sales and revenue continue while legal and financial compliance drags on. Do some issues sneak by to complete the road back to a market? Yes, but again, as stated by me several times, the revenue and client growth are what will eventually and always drive the value of a company's worth. So with some admittedly stumbling along the way and a focused determination to continue valuation with revenue, the CEO puts together the necessary documents, legal compliance strategy and financial documentation needed for agencies to review and consider for its rise back into the market. All information and documentation that is needed to become an industry player in multiple business markets. The revenue and growth become apparent and valid with submitted audited financials to said agency for review by not only the agency but by the public as well. If deemed fraudulent or inaccurate by agency, said company either folds or goes private. Why take the risk? Integrity and loyalty to investors who weathered the proverbial storm drives the CEO to get it done. It will become very apparent that it is close to completion, the said audited financials will bear out the brutal wait for some, but will validate KMAG and its CEO as a valuable investment for most who could wait for the road to be travelled. Good luck to all.
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