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duelittle2

06/21/12 12:57 PM

#67826 RE: GreenMan #67820

Well...For Right Now...Best Hope is Revenues!!....KMAG can Dwarf its Share Structure with High Revenues!!

Bring On the KMAG Revenues!!

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HankVerde

06/21/12 1:21 PM

#67850 RE: GreenMan #67820

I've been investing in stocks for over 40 years and the only R/S I've ever seen work is Priceline.com and it was a very hot stock when it happened. There may be others, I'm sure there are, but EVERY R/S I've been involved in has been a disaster.

The latest example is GALT, which I've owned for a long time. It was trending nicely from 65 cents Dec. 2011 to 99 cents Mar. 2012 when the CEO, who owns the majority of the shares, did an unannounced 1-6 R/S overnight. The stock opened at $5.94 the next day (6 x $0.99) and quickly dropped to $1.89, around a 70% drop. It's now at $2.10.

This is very typical of the price action following a R/S, so please don't wish for one or you may get what you wish for.
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Beadyeyes123

06/21/12 1:40 PM

#67868 RE: GreenMan #67820

When this goes to a big board, it will mean KMAG is profitable beyond a doubt so then they can buy back all the excess shares and not do an R/S.

All this talk of an R/S being good is silly. I've seen many a pink or OTC stock do it and it just KILLS confidence and creates less value for shareholders who stick around.