Replies to post #109417 on KMA Global Solutions International (KMAG)

[21ZNA9]

And that's why there so many scams on the OTC even when it's suspended by the SEC the scam CEO is still defended. The SEC do not make mistakes when it comes to suspensions fraud and scams are very easy to spot with a little digging.

[todamoonerpump]

EXACTLY ..whole bunch of nuttin going on just stealing run time kmag would have hit .03 today if not for a bunch of govt ..f-ups is how i see this ..i know jeff ..and he is not running or hiding but is angrey...his pr came through at the open as promised

[sid1959]

True Smitter and here is why:

Note: "part of a broader crackdown this year, which has resulted in a record 609 suspensions"


Therefore the dragnet has widened, and when doing so, more innocents get caught in it, so one cannot compare the outcome of this years wider dragnet to last years, or any other. The SEC may be doing a lot of good by shutting down a lot of these companies but they sure f'd up my morning.

Also note that it says "temporary".


Sept. 17, 2012, 11:23 a.m. EDT
SEC temporarily suspends trading in 16 firms
By Tess Stynes

The U.S. Securities and Exchange Commission said that it temporarily suspended trading in the shares of 16 more companies.
The suspensions are part of a broader crackdown this year, which has resulted in a record 609 suspensions so far during 2012.
The SEC has halted trading of numerous noncompliant companies, citing reasons such as a lack of current and accurate information, as it ramps up efforts to crack down on fraud.
The agency has also increased its scrutiny of Chinese companies, amid concerns about the accuracy of their publicly disclosed information.
The latest group of companies facing suspension are: AER Energy Resources Inc. /quotes/zigman/603922/quotes/nls/aernAERN+22.22%, Alto Group Holdings Inc. /quotes/zigman/9581217/quotes/nls/altoALTO-25.00%, BizRocket.com Inc. /quotes/zigman/9313958/quotes/nls/bzrtBZRT-5.80%, Fox Petroleum, Inc. /quotes/zigman/507551/quotes/nls/fxptFXPT-64.29% and Geopulse Explorations Inc. /quotes/zigman/619317/quotes/nls/gplsGPLS+0.48%
Also, Global Technologies Group Inc. /quotes/zigman/529879/quotes/nls/gtgpGTGP-7.92%, KMA Global Solutions International Inc.


http://www.marketwatch.com/story/sec-temporarily-suspends-trading-in-16-firms-2012-09-17

[BBalls-N-CowTown]

This is interesting, 16 stocks named including KMAG, clients of 2 VC's :

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79639124

Prosecution of VC's for stock trading practices.

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 22452 / August 17, 2012

Securities and Exchange Commission v. Yossef Kahlon, et al. , Civil Action No. 4:12-CV-517 (E.D. Tex.)

SEC Sues New York Penny Stock Distributor

The Commission announced today that on Aug. 14, 2012, it sued Jossef Kahlon, a/k/a/ Yossef Kahlon and TJ Management Group, LLC, of New York, New York, for selling the stock of several penny stock issuers into the public market in violation of the registration provisions of the federal securities laws.

According to the complaint, Kahlon and TJ Management Group, LLC abused and misused a federal securities law to buy hundreds of millions of shares of stock at steep discounts and to quickly resell all of the shares to the public at market rates, generating at least $7.7 million in profit. The SEC alleges that this conduct deprived investors of important business information to which they were legally entitled for at least the following issuers: My Vintage Baby, Inc., Lecere, Corporation, Landstar, Inc., Hard to Treat Disease, Inc., Good Life China Corporation, VIPR Industries, Inc., ChromoCure, Inc., Atlantis Internet Group Corp, Biocentric Energy Holdings, Inc., Skybridge Technology Group, Inc., and RMD Entertainment Group, Inc.

The SEC alleges that, by these activities, Kahlon and TJ Management Group, LLC violated Section 5 of the Securities Act of 1933. The Commission is seeking permanent injunctions, civil penalties, penny stock bars and disgorgement of ill-gotten gains.

http://investorshub.advfn.com/Clients-of-TJ-Management-25511/