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Re: lowman post# 110024

Tuesday, 09/18/2012 11:24:59 AM

Tuesday, September 18, 2012 11:24:59 AM

Post# of 232511
The problem is not necessarily the SEC or even the company itself but with the stock. Even if KMAG satisfies all of the SEC requirements the fact is they have been suspended and will find it extremely difficult if not impossible to get a market maker to sponsor them and FINRA to approve. At this point it has nothing to do with possible wrong doing on the company's part or a mistake by the SEC. The fact is KMAG is going to open on 10/1 as a grey sheet stock and the market makers and FINRA are now in control of the stock's destiny (not the company's destiny). I have been through 4 of these over the years, 2 are still greys and 2 are now revoked.

Nobody likes to hear that they have most likely lost their investment, I know from personal experience.

I will say that if I have ever seen a company that might possibly pull off a return it is this one but the cards are really stacked against them.

"But you shall remember the Lord your God, for it is He Who gives you power to get wealth, that He may establish His covenant which He swore to your fathers, as it is this day."

-Deuteronomy 8:18

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