$KMAG is amazingly still being attacked by MiniMe. They are very vindictive when they go after individual posters. A sorry lot! lol 5:56 PM (20 minutes ago) Tear it a part!
Dear ulf,
As a registered user, you are privy to our newsletters, Friday's Tips, news alerts and merger announcements before they hit it big. These updates provide valuable information to help investors and potential investors evaluate specific industries and companies.
Sincerely,
Newsletter Administrator Min* Mar Marketing Group KMAG BIDDERS Blinders Off Yet?
We received many thank you replies on KMAG and many shareholders are asking us to provide facts and proof of our allegations. Apparently the company will not issue a PR but they will respond to certain select "members" aka shareholders via email and texts only. NICE! Very professional indeed! KMAG is a non reporting company so the information they furnish to the public on OTC Markets is used as a reference. This report will expose holes in their share structure reported and news released. What you do as a shareholder is entirely up to you. Holes in a share structure:
1. We told you in our last week alert that KMAG will not issue a PR they are up to their eyeballs in trouble with regulators. Issuing any PR would be an unwise and a dangerous move! Notwithstanding the CEO "JR" or Junior promised a PR by "mid week". It is now way past mid week and Friday and NO PR! Apparently, Junior's explanation is he is too busy to do a PR but not too busy to do a text and e mail reply to a select few. As a shareholder just ask for a "General Corporate Update" . Junior will not do ANY update as there is no business in KMAG. KMAG is a shell. There is no real business going on at KMAG. We will explain how so further in this report.
2. We advised KMAG followers that the company is hunting for an IR (awareness) for 1 day. On Wednesday they retained an IR awareness company FN Media Group, LLC and the stock price shot up from 003 to 004 on good volume. In that same report we also said that KMAG will not issue any news other than IR companies regurgitating old news and telling new buyers of KMAG how good KMAG did in the past. http://www.otcmarkets.com/stock/KMAG/news See Note :NOTE TO EDITORS: The Following Is an Investment Opinion Circuit Press Release Being Issued by FN Media Group, LLC. Expect another Alert today and another one next week. This company allocated about 200 million shares for awareness so they will keep coming to assist Junior to sell his stock for converted debt.
3. When we represented KMAG in 2009 its share structure was A/S of 150 million shares http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=25259 Of the 150 Million shares Junior controlled about 100 Million shares. Today the share structure is reported as following (June 19, 2012)
By this account Junior the little devil had 66.6% control of KMAG
Today Junior had diluted his position down to 50 million shares or about 8.2% for the imaginary debt KMAG "owes him".
For good measure Junior also converted "his debt" for an additional 459 Million shares. The word on the street is about 200 Million shares is allocated for awareness and marketing.
1. Fully diluted KMAG to 10,5 Billion shares (based on $4.2 Million debt "owed" to Junior) http://www.otcmarkets.com/financialReportViewer?symbol=KMAG&id=48732 KMAG would need to dilute approximately further 9 Billion Shares. (based on a share price of 004) This does not include any wages or expenses of KMAG. Junior did say in a PR http://www.otcmarkets.com/stock/KMAG/news/KMAG-Reduces-Authorized-by-250%2C000%2C000-shares%2C-Management-Analyzing-the-Opportunity-of-a-Stock-Buyback?id=46178&b=y CEO Jeffrey Reid states "KMAG has reorganized its' share structure to reflect our debt free Balance Sheet, and the desire to emerge as a transparent organization. All Convertible debt notes are fully converted. KMAG has reinvented itself and is on a productive track of growth." Remember by this account Junior is only a 8% shareholder and that there will be no further conversions. Hold him to this. Good luck! Why? Because Junior also has preferred shares!
5. Based on a sale of 459 million shares @ average of 001 = $918,000.00 None of this dilution or any fund raising made its way to KMAG coffers. In other words KMAG still has $974.00!! Yes nine hindered seventy four dollars in its "Explosive Bank Account" http://www.otcmarkets.com/financialReportViewer?symbol=KMAG&id=48732
Holes in KMAG News & disingenuous announcement(s) You as a shareholder of KMAG should ask and get your answers!
2. By this "spin out" KMAG is a shell. There is no operating entity in KMAG. The only revenues in KMAG is the small constant loans that KMAG keeps drawing down from Junior to keep the PR machine going and the half a dozen full time staffers that praise Junior as some Jack Welch CEO Superstar.
4. Just 2 days later on May 3 2012 Junior decides to announce a share buyback http://www.otcmarkets.com/stock/KMAG/news TORONTO, ONTARIO, May 03, 2012 (MARKETWIRE via COMTEX) - It takes Junior 3 weeks to reply to our serious allegations and (he still has not replied) however just 2 days later Junior is ready to do a share buyback! Ok fair enough. Now other than the headline that states "KMAG Initiates its Stock Buyback" and that Junior is off to Hong Kong there is no mention of any amount "bought back". Its Juniors deliberate act to deceive and a play on words!
5. Since the "share buyback" On May 1 2012 announcement KMAG share price was 0.012 with approximately 39 million shares traded. With the "explosive financial statements and a phantom share buy back" KMAG now as of close of June 22 2012 sits at 0.0043 http://www.otcmarkets.com/stock/KMAG/chart This is Juniors deliberate act to deceive. There is NO SHARE BUY BACK folks! Take the blinds off!
6. Now our favorite PR May 10 2012 http://www.otcmarkets.com/stock/KMAG/news KMAG Updates Shareholders on False Statements Junior twists his statement and states the following:
The facts are that there are no effective or pending agreements or understandings between the Company and Min* Mar that either will do anything" is not accurate according to our records
Fact is we did extensive work on behalf of KMAG which we received no payment for in 2009 and 2010 such as:
Recapitalizing KMAG -- to 1.5 billion shares
A new web site for KMAG Legal and consulting work authorize 10 million Series A Convertible Preferred (there were 50 million preferred authorized and none issued). The Series A has no dividend, converts into ten common shares, on liquidation receives distributions as though it had been converted, and has 5,000 votes per share and votes with the common. Assisted with a set up of a $500,000 line of credit KMAG Appoint the new Secretary / Board Members Subscription and opinion letter by US attorney where KMAG offered for sale of 290 million shares Extensive Investor Awareness Our records indicate that Junior simply scooped all this work done us and or our representatives and left the bills unpaid.
---------- Forwarded message ---------- From: Corporate Account <corporate@Min*margroup.com> Date: Fri, Feb 26, 2010 at 2:44 PM Subject: Fwd: KMAG documents To: jeffrey.reid@kmaglobalsolutions.com.hk Cc: aboujos@seagelinvest.com, Jeff / Angelo; As agreed heres the complete set of documents for the Pubco Finance we discussed for KMAG Please sign where indicated and fax to 1866 455 6270 or Internationally 1 416 352 1428 Thanks
From: jreid@kmaglobalsolutions.com[mailto:jreid@kmaglobalsolutions.com] Sent: March-08-10 11:46 AM To: Shirlene Subject: Re: KMAG
Thanks shirlene
I am still in HK will look at it and get back to you today
Jeff Sent from my BlackBerry device on the Rogers Wireless Network
Outcome: Once Junior realized that the Accredited Investor intention was to fund KMAG for $500,000 and not Junior, this didn't go down too well with Junior. The accredited investor in Juniors mind was being "unreasonable" asking for KIMAG thresholds to be met. These thresholds include KMAG begin reporting to SEC and uplisting. Junior simply terMin*ted the agreement and in a carefully orchestrated maneuvers deposited his stock off shore in 13 friends and families names. So far we estimate Junior pulled about $1,8 Million USD out of a company with relatively no operations and no significant prospects. http://www.otcmarkets.com/financialReportViewer?symbol=KMAG&id=79334
So now with the " share buyback" scheme busted Junior is off harping on "uplisting".
NEED MORE PROOF: Junior is claiming that the reason KMAG is no longer quoted in Germany is because KMAG lawyers have advised him that the cost is too prohibitive! Junior it costs 4,000 EU plus you need to file an expose. An expose is equivalent to OTC Markets Adequate Disclosure. Junior has enough of a hard time keeping one story straight. Last thing he needs is the authorities comparing notes. Junior is claiming that it takes time to do an audit on KMAG for the uplisting. KMAG has $7,000 in cash and $112,000 in assets. How hard is that to audit? An average person has more cash in their personal account then this sad company. http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=25259 BTW that is what KMAG will "report"? Reporting fees alone are about $150,000 annually. Would it simply not be easier to do an asset sale and buy a shell on www.mergernetwork.com? Hint: Junior has no intention of uplisting. He has organized his affairs in a manner to deceive the shareholder. He has planted the "Im ill" seed so that when the wheels fall off on KMAG he will ride off into the sunset with your cash and it will be "poor sick Junior". Meanwhile Junior will be smiling all the way to the local sauna in HK.
Think about it. If Junior is actually sick and cannot carry on his tasks would it simply not be more prudent and in everyone's best interest for him to simply step down and have a new CEO run the company. Junior can have a symbolic ambassador position but no say in the day to day operations. After all he is only an 8% stakeholder. Why be a martyr? If he is really sick then the delay is putting your investment and you as a shareholder in peril. This is what "real companies do". This is a noble and the correct move. In KMAG situation a shareholder can only dream on. Junior will keep diluting KMAG and keep coming up with excuses until KMAG is dead. Read the disclosure document. Its full of excuses and restarts and reorganizational plans. http://www.otcmarkets.com/financialReportViewer?symbol=KMAG&id=41557
In closing ask yourself what kind of a company and what kind of a CEO would remind silent week after week after week with these types of allegations from a #1 and leading merger firm in penny stocks. We are providing this extensive update on KMAG as a courtesy. Once the party is over and KMAG is dwindled down to nothing no one will remember Junior. Those that do will have a sour outlook on the penny stock industry that they were taken in. Time and time again the only solders left standing are the lawyers, accountants IR and MA firms. The shareholders out of frustration turn their anger of the financial loss against these people. Our goal is to preserve the integrity of our industry. We have always maintained that a moderate dilution is acceptable where the funds flow to the company or the operating subsidiary. In this case all of KMAG dilution is only lining the pockets of one person , Junior! Wake up! Ask the company questions! Demand answers!
