When the SEC suspended KMAG and 15 other stocks on Sept. 17,2012 two stocks defied the atypical consequences of the suspension.
One stock continued business operations where ALL investors could access the company, the CEO, and could verify news releases and all documented filings to the SEC. That company provided all requests for information to the SEC to defend itself against the SEC's "questions about adequacy and accuracy of information, including their assets, business operations, current financial condition and/or issuances of shares in company stock." That company convinced the SEC that they were legitimate and viable and a few months ago FINRA approved the company obtaining a Market Maker to sponsor the stock.
THAT is how a legitimate company survives an SEC Suspension, by demonstrating verifiable EVERYTHING. http://www.sec.gov/litigation/suspensions/2012/34-67868.pdf
The other stock that has defied the atypical consequences of an SEC Suspension is KMAG
. In contrast to the one stock that verified EVERYTHING to regain Market Maker quotations KMAG has not verified ANYTHING
but has continued trading on the Grey Market on CULT worship of REID and outrageously false and misleading rumors perpetrated by Reid and enabled by his cult followers.
It is devastating when shareholders are defrauded
by a company whose stock was suspended by the SEC, but it is equally criminal
when shareholders are defrauded
for years after the suspension by cult leaders
who have embellished FALSE information and FALSE rumors to sell their shares at very high prices to other cult followers
KMA Global Solutions disappeared off the face of the earth immediately after the SEC Suspension. Had there been any business operations the SEC Suspension of the stock would not have interfered with company operations whatsoever. Legitimate companies DO NOT DISAPPEAR!!!!!!!!!
For Reid and his cult members to pound the table for 2 1/2 years AFTER the SEC Suspension that KMA Global is a thriving business in order to support the stock is just as criminal and fraudulent as when KMA Global defrauded investors BEFORE the SEC Suspension.
Once again, legitimate companies DO NOT DISAPPEAR
when their stock is suspended by the SEC.