Interesting point, was thinking the same regarding the conversion of the preferreds to commons - why do it, if not for a needed reason.
Would be interesting to see more PR's regarding forward progress of the business during this halt, August revenues, partnership's either as in new contracts or with major players who would want an equity stake in KMAG.
At the present revenue rate, ( July=1.3 million), annual revenue would be approx. 15.5 million. A complete buyout at 3 times sales would be 46.5 million. That would be just north of .06/share.
Very reasonable, but .10, imo would be also very reasonable as well.
IF, there was any interest from major players before, i am sure JR would be on the phone with them, if not now , very soon. It would be prime time to make a deal, and/or deal with equity stake.
That would rock the shareholders/sec world!!
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