Blog From CEO Mr. Kang:
Dear Investment Community,
Thank-you for giving me at least 24 hours to properly formulate a response to the recent news posting about former KCMH CEO Donald Klein. I completely understand the reaction some people may be having.
Allow me to start by saying that I am personally very angry and disappointed. This is not directed at Donald Klein or any group, but rather based upon how difficult the recent season has been for us all. I personally would never wish upon anybody what Mr. Klein must be going through based upon my knowledge of his character. For what it is worth, I believe in him enough to know that he would never knowingly and maliciously defraud the public. However this will be the last comment I make on this and have chosen to leave this to the legal process set in motion.
I do believe that I have clearly communicated a complete divestment from the previous perceived direction of KCMH since becoming the CEO. This has been an incredibly difficult situation because legally my hands have been tied in many areas. However, I do see a silver lining in all of this because finally we can move forward in many regards.
Let me be very clear. Donald Klein’s personal situation has absolutely no bearing upon KCMH as a company and its business operations.
However, now I can address why there has been no financial reporting or press up to this point in time. Until this was public, I refused to do anything that could be misconstrued for activities that were designed to mislead the public investment community. In fact, I believe I have been brutally honest to the ire of some investors who sent me scathing communications. At the same time, I believe it has identified the right investors we truly feel see our long-term potential. (I especially appreciate some of the emails I received in support of my efforts and yes, we will be shaking hands in some way in the future.)
It is ironic that while all this news was being released, I was in one of the most positive presentations of our new business models to-date. This is why I was not deterred by the news, because no matter how bad the reaction was, I knew where I was and what I was doing. I still maintain my integrity that despite the fact I could have easily declined taking any responsibility in the company, I decided to take the focus and brunt of our current situation.
Where does this leave all of us?
I still need a little time. I am not asking for this time because I am dragging my heels. I need this time to understand how much Mr. Klein’s legal situation affects how we are perceived from doing business further.
Here is what I promise. In the next 24 hours, I will be posting a video chronicling details of our new intellectual property model. This will be clear evidence along with testimonials from our clients to the viability of what we are offering. By this you will clearly see that I have not been any false perceptions. That what I have been communicating via Twitter is actually happening.
Also within the next 30-60 says I will clearly establish the direction of KCMH. This will include a complete detailed overview of our strategy and financial projections. Along with this will be a plan to rectify our reporting situation and status on Pink Sheets. As already stated, I chose to fly under the radar and spend my energy on creating revenue and a solid business model within the company first. I am taking some advice that I picked up from the Twitter community; “Do awesome first, marketing second.”
I have promised that things will change. And they will. I have been working on limited resources to get this done. We are on the verge of this happening for certain. This will also give me time to get a fair assessment of our other incubated portfolio of companies such as GEENIUS.
I also promise that no matter what decisions are made, they will be made with the best intentions on behalf of our investment community. This I will clearly communicate in great detail.
Again, I fully expect the broad spectrum of response to this. It’s something I am used to. I ask that all those who are following us wait for us to upload our video to validate company activities.
Until then,
Ed Kang
