At least they are not quite as 'out there' as the ACDU board.
The KMAGgot pumpers don't take a back seat to any other microcrap forum circus.
Let's try this one:
Evil MMs in cahoots with naked shorters established short positions in excess of 200M shares. Then they bribed SEC officials to suspend KMAG, so as make the Short positions profitable. Also bribed were FINRA, DTCC, and various clearing houses to cover up the existence of the naked short positions. Did you know FINRA has secret SHO data not a part of the semi-monthly reports of Short Interest? Apparently, all the shorting in the daily SHO is not so secret. Maybe there's such a thing as selective secret shorting data? LOL
At one point their cult hero CEO had "drawn a line in the sand". Either the SEC was going to cooperate, or he was going to perform a triple half gainer back flip into a pink shell R/M. Giving the SEC the finger. Later "Super Lawyer" was going to be hired to uncover the market conspiracy. After a couple of recycles those two rumors have disappeared. Various posters threatened a class action lawsuit over the months.
Then we progress to the recent twist. The SEC won't issue a "no action letter" giving KMAG permission to file a Form 10. Because the SEC knows if the Form 10 becomes effective, they will have class action lawsuits filed against them. Thus, the SEC is holding a confidential Form 10 submission "hostage". The SEC is suppressing the truth! It doesn't do any good for shareholders to complain to the IG office inside the SEC, about the SEC "breaking its own rules", because the entire organization has been bribed, and corrupted.
So now stockholders are going to write a form letter to the SEC. Unless the SEC gets out of the way, they are going to file a class action lawsuit against the SEC, and expose the market conspiracy against their beloved KMAG. Going to also contact the media with their big story. The basis will be the SEC is holding a confidential KMAGinary Form 10 hostage, and will not approve it, because they have been previously bribed. Then justice will be done! Those 200M naked short shares will be forced to cover! Yippee! Unexplained is how something like 200M naked shares completely untraceable currently (e.g. no FTDs, 0 shares Short Interest), will suddenly be discovered. There were 69K shares of Short Interest at the point of suspension in Sep. The 30-Oct-12 report showed 0 shares.
Actually a like R/M rumor is still alive. After magically obtaining a 211 an OTCQB company will pay anywhere from $70M to $2B for KMAG whose last OTC unaudited earnings showed about $800K net profit/yr (before the CEO took his paper cut). How will a OTCQB company afford the acquisition? Issue more of its own stock - of course. Yet to be determined is how much KMAG Shareholders are going to receive in damages when they win their threatened lawsuit over the SEC.
The Jewel of the Mind is Colored with the Hue of what it Imagines