Replies to post #155344 on KMA Global Solutions International (KMAG)

[21ZNA9]

LOL this FRAUD was suspended for LYING PRs. The SEC will not and cannot get ANY clearer than that.

[smoke_em]

Very correct post!

The scrutiny on this company amazes me. Before the suspension, I saw very few posts concerning the validity of the numbers Jeff was putting in his press releases. Now...many demand the financials be audited to prove their validity.

Maybe I'm just naive...but didn't Jeff put out a press release a day or so after the suspension, stating the numbers were in fact accurate? Isn't it realistic to assume the SEC was watching his every move concerning sales numbers released to the public...and still is? Remember...the accuracy of his sales numbers were not even in question as far as the SEC was concerned...and if they were...why haven't they contested them?...because, IMO...they are accurate. He has since released several quarters & a yearly...presumably under the watchful eye of the SEC. All, with the exception of the yearly, have also been followed up by a letter of validation from a reputable law firm. Why the yearly hasn't is up for debate...and in my opinion, irrelevant...considering the company is still on the grey sheets & is not required to even put out any financials.

I guess because Jeff stated he was going to audit the past 2 years (and only necessary for a higher exchange) & we haven't seen it yet...some just can't logically grasp that the numbers are correct. Why wouldn't they be? Do people actually think he's intentionally releasing bogus numbers without a care in the world? Did the SEC suddenly dissolve & is no longer "policing" the market...or KMAG? I don't think so...

While I believe audited financials will be forthcoming (on his timeline...not ours) it just gets me scratching my head that some are putting KMA in the same mold as a blue chip on the NYSE. So...as Ripley says: Believe it...or not.

[jespedd]

The scrutiny has been, and continues to be amazing indeed. And with good reason. Everybody knows where this is going. Everybody knows.

While we wait for KMAG to return to L2 trading, there is little more to debate. We are, after all, talking about a man with a strong resume, a history of success in the industry, and NO record of criminal activity. Until and unless PROVEN otherwise, Mr. Reid deserves the same respect as any company executive, IMO. KMAG will return, due to strong company fundamentals and growing revenues, because of a determined CEO and because of strong shareholder support.