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Wednesday, October 10, 2012 10:35:03 AM
If you were to do some reading, you would see that they have planned on up-listing to the OTCQX. To do so takes holding .10 for 90 days
And if you were to do some reading, you would see in their Annual report they chose to delist in Sep 2008 because: "KMAG was not able to bear the substantial cost (in terms of audit and legal fees) of being a reporting issuer". Also the last time KMAG was sniffing at 0.10 was April 2008, even though they were above that level all through 2007. Thus the concluding logic is: KMAG planned on up-listing to the OTCQX, but only after 2007. In order to accomplish this they delisted, because the filing and auditing costs were too great. That a strange way to go about up-listing... isn't it?
Neither does the current situation have anything to do with the dreams of stockholders they will come off the Greys and go zipping to the OTCQX level. At this point in time management is trying to avoid trivial things like receiving a Wells Notice. All of those filing and auditing costs they couldn't afford in 2008 are now mandatory.
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