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Sunday, December 16, 2012 10:11:03 AM
"Management believes that the Company will generate sufficient cash from operating activities."
People should read the "Capital Resources" section of Q3. Assets are almost twice liabilities, and KMAG actually had $80K in the bank on 10/31/12!
You will NOT find that kinda statement in ANY greysheet filing stock, and will be extremely hard-pressed to even find it in 1 of a thousand pinksheet filers. Hell, many fully reporting OTC's won't even chance saying that much.
Now that all the lies have been shut down, people can see that KMAG and JR are not only on the level, but also very 'investable'. The current pps vs revenues are so out of line, the moment MMs pop back up on L2 (which we ALL know will happen sooner or later), watch for massive buying and pps appreciation like never before.
IMVHO, only a fool and his/her KMAG shares are soon parted.
Though KMAG is currently still 'greysheet handicapped', after the Q3 filing, it is now a seriously attractive buy while the pps is still so unbelievably depressed.
KMAG could VERY easily be a 20-50 (.08-.20) bagger from this level, in 6 months!
One major airline and/or one major retailer is all it will take to send KMAG to the stars.
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