KMA Global Solutions International (KMAG)

[BBalls-N-CowTown]

I think KMAG did an excellent job in today's PR, and the content of it is exactly what I suggested to them in an email last night. I also think an announcement that a specific auditor has been hired will also add a lot of punch to it.

I specifically asked KMAG to state whether or not they had any indication that something like this was coming and the PR did address this question, indicating it was a complete surprise.

SEC could have been more considerate of shareholder interests by issuing a warning letter to KMAG prior to this action and making it public, but it chose not to. Consequently,this action appears to be motivated by beaurocratic hubris and possible "accomplishments" for politicians seeking re-election more than anything else. In general, SEC has been very very lax in protecting shareholders rights as have the judicial appointees of the current administration, so why all the action now, and who is paying the price for it?

As I indicated in my email to KMAG, I intend to complain to SEC and to my Congressmen that this action has adversely affected innocent taxpayers such as myself. I suggest that others do the same, they need to be flooded with complaints about taking this sort of action with apparently nothing or little more than suspicion without contacting the company or warning shareholders of a potential issue in a press release.