Good Morning KMAG longs and shorts. While I remain a long and have believed in both KMAG as a business and JR as a CEO of that business, I am extremely cautious as to the projected BOOM that is expected with this stock and company. Bottom line here is let's step it back a little with expectations and predictions. We know the following and should base any and all thoughts on these in my humble opinion. First, the patents and the technology is real and has significant value, no doubt there. Second this stock and company has taken severe hits the last 12+ months and has had to adjust its strategy and long term plans as a result. Can the CEO do that with NYC attorneys, governmental requirements, accounting requirements filings needed etc...? Yes he can based on my meetings with him in NYC. OK has he given me a definite time frame to complete all this? No! Why? Because he cannot predict what issues will be presented legally or otherwise as it unfolds. You lay out your strategy in business and you deal with both the expected and unexpected. So jumping on the idea of this becoming a $0.50 to $5.00 per share stock seems to be a little too unrealistic at this point. I do not have a crystal ball and will not predict where this will be in 3 months, 6 months or even a year. Allot still has to happen and allot still needs to be addressed, however, I know where my money is and could now jump out at a profit. My long term goal has not yet been achieved, and neither has KMAG's so I remain optimistic that this company will rise from its "perceived" ashes and will reward the longs. But I will not over guess or under guess its long term value here. Please know this is just my opinion and is not meant to disparage anyone's beliefs or opinions. I am only addressing my thoughts on all. I remain convinced it will take the needed steps to grow revenues, add value to its bottom line and partner up with whatever resources it needs to achieve that, be it new customers, law and accounting firms and governmental requirements. All these take time and in business 12-18 months is a blink of an eye. I know in the penny world it is an eternity as I have learned. But IMO this is not an ordinary penny investment, so keep the faith but also temper expectations for the near term, allot still needs to be done IMO.
