KMA Global Solutions International (KMAG)

[J Robert]

An open question to anyone:
I sent an email to JR. Below I listed info from the Q1 financials and my question. I'm not sure I understand the answer I was given to my question. I would appreciate if someone can explain JR's answer in plain english. My understanding is that the below excerpt from Q1 states that Espo shares were being traded under the symbol KMAG. It doesn't state that they were merged into KMAG stock. Are these additional shares over and above the 750,000,000 shares?

from Q1 financials:
On March 10, 2006, KMAG entered into a merger/reincorporation with Espo's Ltd. ("Espo's"), a corporation formed under the laws of the State of New York on September 7, 2001 and KMAG was the surviving corporation. Espo's had operated since its inception as a retail provider of sporting goods and athletic apparel, with a focus on aquatic sports products. Espo's shares traded on the Pink Sheets under the symbol "EPOL." As a result of the merger/reincorporation, shares of former Espo's common stock currently trade on the Pink Sheets under the symbol "KMAG."

My email question:
How many “ESPO” shares are being traded under the symbol KMAG?


JR's answer:
All of these certificates were put into DTCC and have not appeared on any NOBO list since