Replies to post #149269 on KMA Global Solutions International (KMAG)

[homeworks]

KMAG only has patent royalties which does not do a thing for KMAG PPS, that money goes into JR's pockets, bottom line..

KMAG sold patent for royalties and R-PAC has products manufactured and distributed thru them JR has nothing to do with any of the distribution or manufacturing concerning R-PAC and revs can't be booked twice, they are on R-PAC books and this is why there has never been any audit fin's to date IMO..

KMAG is the JOKE of the RFID INDUSTRY, Vendors chuckle at the RFID confrence every year IMO!!!!

[Think or Swim]

R-Pac operates with a license agreement. IMO this gives R-Pac the right to solicit and book orders and said revenues and pay KMAG a royalty.

There would be no need to have a license agreement if R-Pac was simply manufacturing orders received from KMAG would they? That would simply make them a sub-contractor.

The question becomes is what do the revenues on KMAG financials represent? Is it revenue booked by R-Pac? Can anyone say for sure?

Could this be one of the points of interest in the SEC investigation? If yes do longs really want to see audited financials?

More questions....