InvestorsHub Logo
icon url

Peggy

10/23/12 1:48 PM

#124084 RE: WhiteSahara #124083

First, the SEC suspends KMAG and states the following in their order:

KMA Global Solutions International Inc. is a Nevada corporation based in Ontario, Canada. Questions have arisen concerning the adequacy and accuracy of press releases concerning the company’s operations.



The SEC never divulges all of the details of their investigation to date or what action may take place in the future. However, the SEC clearly concluded it was necessary to suspend KMAG with automatic relegation to the grey market.

But, you actually believe what KMAG claims to be doing? The SEC clearly did not.

Good luck with that approach.

Serious DD has one taking a cautioned approach at this huge red flag.

icon url

Hoofman

10/23/12 2:01 PM

#124086 RE: WhiteSahara #124083

Unfortunately the only serious DD that can bring you to all aspects of KMAG is the CEO's PR's. Why not file these alleged claims with the SEC. There are several stinky pinkies with negative revenue, no sales or contracts, in millions of dollars worth of debt, however, they have the funds and means to file with the SEC. I have a hard time understanding how a CEO who is allegedly brining in millions of revenue and alleged sales, does not have the funds or means to file anything. Thousands of other OTC stocks are filing and instead JR resorts to self released PR's. The time and effort it took JR to compile and release his PR's he could have made these legit and filed with the SEC 8K's & 10Q's, however, easy to understand why now. ;-)
icon url

Johnny4profits

10/23/12 2:09 PM

#124089 RE: WhiteSahara #124083

"The daily business functions of KMAG are very much ongoing."

I wonder about statements such as this, as to how you know these things! Not suggesting that it isn't true, just that I'm not so certain that anyone knows such a thing. I mean, wouldn't you have to have a press release or be personally familiar with the company, local to it and inside the front door, just to know what you are saying? Otherwise, it's just sentiment based on no fact at all. Oh well, maybe some fact will surface sometime. We can only hope.

Here's some help with your question. The daily business functions of KMAG are very much ongoing. KMAG may be on Greys but that does not affect their being debt free, and still generating sales, partnerships, licensing, manufacturing, patent work and intellectual property development.

Serious DD has one looking at all aspects of KMAG.




BE SURE TO HIT YOUR "FOLLOW BOARD" IN SUPPORT OF YOUR GREY KMAG STOCK INTERESTS.
http://www.otcmarkets.com/stock/KMAG/quote
KMAG SUSPENSION PR: http://ih.advfn.com/p.php?pid=nmona&article=54213877
http://www.otcmarkets.com/stock/KMAG/news/Suspension-of-Trading?id=52617&b=y
SEC Suspensions & Revocations Board 9/21/12: http://investorshub.advfn.com/boards
Grey Sheet/Grey Market Stock Info Board: http://investorshub.advfn.com/Grey-Sheet-Grey-Market-Stock-Info-Board-3459/
NOTE: JUST FOR THE RECORD, KMAG IMO IS NOT LEGAL NOR INVESTMENT ADVICE. ANYONE REQUIRING QUALIFIED ADVICE SHOULD
SEEK OUT A LICENSED PROFESSIONAL IN LIEU OF SEEKING SUCH ADVICE ON AN ANONYMOUS PUBLIC POSTING BOARD. AGAIN IMO!


.

icon url

DragonBear

10/23/12 2:57 PM

#124105 RE: WhiteSahara #124083

Here's some help with your question.

The daily business functions of KMAG are very much ongoing. KMAG may be on Greys but that does not affect their being debt free, and still generating sales, partnerships, licensing, manufacturing, patent work and intellectual property development.



Based on what - past PRs now under investigation for fraud by the SEC? If you want to take it at blind faith, then:

The claim of no debt? You mean the outstanding loan of $1.4M doesn't qualify as debt? Ref: Latest Q10 PR. Sort of different from the annual isn't it?

There is the assumption KMAG has "manufacturing". Let's ask for the N time: Where are the locations of the factories KMAG owns, capital equipment in each, employees, approx daily manufacturing capability? Companies do not hide their manufacturing facilities, and production capabilities from stockholders. Yet this one does.

What does Cost of Sales really refers to? It better refer to plants owned and operated by KMAG. Where are they? Or is it totally bogus?

As for patents, how much is Reid's cut of patent revenues from r-pac? Where in the Annual PR does it list patent revenues? There's no way to determine what revenue (if any) KMAG generates directly for itself, or how much is received as royalties.

How much of KMAG really exists?