Replies to post #141769 on KMA Global Solutions International (KMAG)

[DragonBear]

I have never heard anything like that said about shorting.

Now ya did it... I'll be going nuts trying to find the one citation buried out there from months ago. LOL

There was no major dumping of shares and the buyback did happen as will be revealed in time.

Wrong. There is absolutely no evidence a buyback ever occurred. The numbers don't lie...

Jan 2011 Float 140M, authorized 175M.

140M + 434M granted to someone in lieu of a $292K debt on the books = 574M float.

574M + 140M Reid converted from his preferred shares = 714M.

The OTC site lists 732M in the float currently.

Look at the Dec PR, in the shareholder equity section, and you will see Reid telling you, the float has already hit 750M shares.

What Reid did do which may be confusing to the herd, is that he initially filed with the state of Nevada to authorize 1B shares in 2011. He then later refiled to reduce the authorized count to 750M where it stands currently. But that did not require any repurchase, as it was a simple paperwork filing.

It is customary when a company repurchases shares it announces the starting date, the amount to be repurchased, the end date when it occurs, and the average cost along with total amount in money spent. Can you find a quarterly PR which gives this information??? The only thing Reid gave you for information was the May announcement the company was going to repurchase shares. Absolutely no specifics. No follow up as to when it completed. No line items in any of the so called financials indicating how many shares were or have been purchased along with a tab on the cost.

One final thing to think about. If our hero Jeffy is such a great guy wanting to buy back shares (which we just proved he never did) why did he award himself the 125000 preferred shares at a 1:5000 conversion rate into common shares in exchange for a $328K debt owed to him (back wages plus royalties)? Why not just simply add the $328K to the retained Shareholder deficit (currently $1.2M), and continue to siphon off any quarterly net profit? The answer is the obvious: A potential 625M shares dumped later at say 0.01 would be worth a lot lot more than $328K. Reid is playing the same game as other microcap CEOs. Need money for yourself or the company - issue stock into the float. Yet he's looking out for his stockholders? It's illogical to believe so.