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Re: toymaker1 post# 149115

Sunday, 03/31/2013 10:24:55 PM

Sunday, March 31, 2013 10:24:55 PM

Post# of 232511
Trouble is, as KMAG is a non reporting company with deregistered stock, they need to first file a Form 10 in an attempt to become fully reporting. Pretty much all the financial data needed for them to become fully reporting should be in the Form 10. But first, they need to find a sponsoring MM to file a Form 211 in order for them to at least be quoted again. The same info needs to be in that 211, to satisfy FINRA. As well, no MM would put his neck on the line unless they provide him with all the data...which will also include a no action letter from the SEC.

The above is a very tall order for KMAG to accomplish. It won't be easy, nor will it happen quickly.
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