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Monday, July 29, 2013 11:42:18 AM
You may not agree with me and feel KMAG is worth more but i would vote in favour of .08 - .10 anytime.
Ok, let's be realistic: 732M o/s * 0.08 = $58.5M. The last net income Reid placed on his website, which no longer exists was $152K for the quarter. Time to recoup investment: $58.5M/($152K*4) = 96 yrs. Would you buy KMAG for 0.08 where current revenues would allow you to break even in 96 yrs? Is that realistic? Would you buy a rpac distributorship for $58.5M, or buy a distributorship license from rpac for less than $1M or whatever the going rate might be? Which is more realistic?
What is realistic is to expect the SEC to file litigation against Reid in the next 5-11 months. We now have the TRII in addition to the KMAG website down. Lawyers telling him to go completely dark? Eventually both companies get liquidated for different reasons. Result is stock attached to zombie companies.
Yeah it will continue to trade before it dies at or around the current PPS. Buy at 003 or 004, and sell at 005? Even that volume is starting to dry up. Eventually there will be no trade to make, and no volume.
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