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Tuesday, October 22, 2013 4:47:10 PM
Longshot, but not impossible.
More like a longshot and near impossible.
First you have KMAG a distributor of rpac products, where it pays Reid to push the rpac label so that he can collect his small royalties on the side.
Second any buyout by definition would involve the 732M issued shares. Better yet, it would involve the other 485M yet to be converted from Reid's preferred. Any buy-out would involve 1.2B shares. Pick whatever number one desires for a buyout be it a modest 01, or some dream price of this forum. You have KMAG a distributor of rpac products which going back to Dec has net profit of maybe $700K per yr. Assuming a buyout for 0.01 per shr how many years would it take the buyer to recoup $12M, against a profit of $700K. The dream of this forum is someone will offer 0.50 or more. Plug that into calculating the number of years for the buyer to break even. Wouldn't it be simpler for some buyer to pay rpac a fee for a new distributorship? Much cheaper.
Then there are the filings. In order to R/M a non-filing stock into a reporting shell, the non-reporting stock must first have its shares registered. Where the SEC must approve the stock registration, and then the new issuance from the shell. If the whole object is to get KMAG off the greys, why not just register the stock and follow the 211 path? That would be a lot more simple than gyrating around with the two step dance of a R/M.
Then again, Reid has made no attempt to register the stock to follow the 211 path back. And yes I agree with you:
imo, audited financials would be more legal trouble
Where audited financials would involve full disclosure on the past stock issuance which was likely the problem which led to the SEC suspension. A likely reason one has not seen an attempt to register the stock. As that might end up being a self hanging.
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