KMAG: What happened with the company's promise that it would have its two most recent fiscal years audited and file a Form 10 registration statement with the SEC? That's probably the only hope the company would have to ever get off of the grey market.
However, if audited financial statements wouldn't match what he had previously been submitting to OTC Markets and posting on the KMAG website, he would not likely pursue that avenue.
The idea that a formerly suspended grey market company like KMAG can reverse merge into a reporting shell is ludicrous IMO and would probably get the shell suspended if anyone tried it.