We have been informed that KMA's 15C-211 application was denied acceptance by the SEC and FINRA.
Do you see the problem with that sentence? The SEC doesn't have anything to do with accepting or denying the 211.
What one might assume as you suggest is FINRA found out the SEC investigation was still open, and denied based on their 10-38 regulation. Where it could have been determined within a couple of days after a MM submitted a 211. One could also make an alternate assumption there never was a 211 filing.
So now we have the rescue attempt? No Jeffy posting everything on your website, where you have editorial control on revisions isn't playing fair. Submit the bogus Form 10 to the OTC, making it on the record. Not brave enough for a Form 10? Then fine, at least file the "audited" financials to the OTC site. Noooo, having a CPA report of "unaudited financials" attached to your website, doesn't cut it. Also mythical deals involving mystery partners is sort of worn out about now.
Management is going to "consult" with Shareholders as to what to do next? You don't want to file a Form 10. You can't get a 211 approved by FINRA. And you want to consult with shareholders - about what?
Here's an idea for Jeffy (the best damn OTC CEO around): Announce you are taking the company private, and will buy out the stock for 01/shr. Maybe the loyal shareholders can propose it at the mythical stockholder meeting?
News 
Market Data 
Discover 
AI
