Replies to post #129258 on KMA Global Solutions International (KMAG)

[jpicker]

I agree, If he doesn't come off with some news soon, I have no problem feeding the gators, cause I'm losing confidence fast!!!

[DragonBear]

There are other choices. He/They could give an update

to the effect that "While we are working towards getting the matter at hand resolved

That would be nice and vanilla, safe, and meaningless. Reid better be cooperating with the SEC. He really has no choice but to work to resolve the issue, as in accept up front, the penalties the SEC will later propose to a civil court.

The strongest indicator Reid could possibly give to his stockholders at this point in time is to release the Sep, Oct sales numbers of $Ms. Validate the Jun&Jul as not fraud, by showing similar numbers. Yet he seems unable to issue a very simple monthly sales update. No requirement for audited figures. He can do it at any time. The only reason he can not would be if claiming further $Ms in sales was pure fraud. Why doesn't he issue a recent monthly sales PR?

The replies here seems to be he is going to instead issue a huge PR very soon. How that is known without Reid violating fair disclosure is unknown.

[covingtoninvestor]

Amen. That sort of release would be what I would think you could expect if there is a way out. I think a simple "we have engaged the firm of____ to perform an audit of our 2010 and 2011 fianancial statements that will lead to us _______________.