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Roo5guy

06/21/12 8:16 AM

#67666 RE: lowman #67663

This is yet another time i agree with you here Lowman! JR went on record on the STT interview and said he has a plan for the re-emergence of KMAG and he was asked if R/S is part of that plan and he said "NO"! Secondly R/S to uplist for better trading and to get away from otc pink tricks never workout for the shareholder and JR has shown a bit of concern there, not quite as much of what we would like to see as far as dates/pr's go but still living up to the order of things, so lets just continue waiting for "new fundamentals" as you like to put it!
KMAG
NO DEBT
NO DILUTION
INCREASING REV's
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WhiteSahara

06/21/12 11:02 AM

#67727 RE: lowman #67663

Ref: "There is absolutely no benefit in an r/s, regardless of how one wishes to twist it. Plain and simple. History PROVES I'm right."

From: http://otcpicks.com/2068-Penny-Stock-Investing-With-the-Pros.htm

7 - BE BEARISH UPON REVERSE SPLITS
Many stocks in the penny stock world attempt the neat trick of a reverse split. A reverse split is the same type event as a regular stock split, however, with a reverse split the amount of your shares decreases. Companies often use a reverse split as a last ditch effort to prop up share price or to reduce a bloated share count. Although the concept of "always" does not exist in the trading world, one can come quite close to saying that stocks "always" decline immediately subsequent to a reverse split. If you own a stock that announces a reverse split, you should sell it quickly. If possible, try to short stocks right after a reverse split occurs.