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Tuesday, October 23, 2012 2:57:15 PM
The daily business functions of KMAG are very much ongoing. KMAG may be on Greys but that does not affect their being debt free, and still generating sales, partnerships, licensing, manufacturing, patent work and intellectual property development.
Based on what - past PRs now under investigation for fraud by the SEC? If you want to take it at blind faith, then:
The claim of no debt? You mean the outstanding loan of $1.4M doesn't qualify as debt? Ref: Latest Q10 PR. Sort of different from the annual isn't it?
There is the assumption KMAG has "manufacturing". Let's ask for the N time: Where are the locations of the factories KMAG owns, capital equipment in each, employees, approx daily manufacturing capability? Companies do not hide their manufacturing facilities, and production capabilities from stockholders. Yet this one does.
What does Cost of Sales really refers to? It better refer to plants owned and operated by KMAG. Where are they? Or is it totally bogus?
As for patents, how much is Reid's cut of patent revenues from r-pac? Where in the Annual PR does it list patent revenues? There's no way to determine what revenue (if any) KMAG generates directly for itself, or how much is received as royalties.
How much of KMAG really exists?
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