Replies to post #120722 on KMA Global Solutions International (KMAG)

[anian]

If anyone had converted all those preferred shares into commons they would want this back trading really bad so they could dump those abundant fresh KMAG shares. I bet Jeff is constipated with all those shares right now.

[DragonBear]

The strategy, whether in going to war against

another country, or doing battle with the SEC, is to provide overwhelming force so as to hopefully minimize casualties.

Wrong analogy. If you're OJ Simpson where your posterior is in a sling, you hire the best you can find, to minimize the penalty.

In this case Reid is in trouble with the SEC. Note he hired this firm as legal representation back in 2011 (ref: Holy Grail letter). This firm by having past SEC lawyers in the firm, knows what the SEC is looking for in response. Which buttons to push so as to cooperate with the SEC, and minimize the damage to their client Reid. It doesn't mean Reid won't get dinged by the SEC. But if the law firm is good, then Reid is likely to avoid being taken to court.

P.S. For any company under SEC investigation to try to apply overwhelming force and intimidation to the SEC, is like the Republic of Kiribati threatening the US with destruction.