The scrutiny on this company amazes me. Before the suspension, I saw very few posts concerning the validity of the numbers Jeff was putting in his press releases. Now...many demand the financials be audited to prove their validity.
Maybe I'm just naive...but didn't Jeff put out a press release a day or so after the suspension, stating the numbers were in fact accurate? Isn't it realistic to assume the SEC was watching his every move concerning sales numbers released to the public...and still is? Remember...the accuracy of his sales numbers were not even in question as far as the SEC was concerned...and if they were...why haven't they contested them?...because, IMO...they are accurate. He has since released several quarters & a yearly...presumably under the watchful eye of the SEC. All, with the exception of the yearly, have also been followed up by a letter of validation from a reputable law firm. Why the yearly hasn't is up for debate...and in my opinion, irrelevant...considering the company is still on the grey sheets & is not required to even put out any financials.
I guess because Jeff stated he was going to audit the past 2 years (and only necessary for a higher exchange) & we haven't seen it yet...some just can't logically grasp that the numbers are correct. Why wouldn't they be? Do people actually think he's intentionally releasing bogus numbers without a care in the world? Did the SEC suddenly dissolve & is no longer "policing" the market...or KMAG? I don't think so...
While I believe audited financials will be forthcoming (on his timeline...not ours) it just gets me scratching my head that some are putting KMA in the same mold as a blue chip on the NYSE. So...as Ripley says: Believe it...or not.
