Replies to post #170947 on KMA Global Solutions International (KMAG)

[no bucks]

it sounds like the legal teem is getting more exp.by the day!

[phillyfan25]

What was conveniently omitted from this list of old info which is not current or audited. Considering that KMAG was busted for lying on PR's we must rely on what we can prove.

NO OFFICE
NO PHONE
NO WEBSITE
NO BUSINESS LICENCE
NO EMPLOYEES
SUSPENDED BY THE SEC AND SENT TO THE GRAY MARKET

[DragonBear]

This is why not

Just my favorite one:

37M sh bb =total

When at the time Reid was considering it, he held 39M shares. Sort of a close number isn't it? Chances are better than even, he sold his own shares back to the company, and called it a buy back.

And really juicy is this:

total 216M shares (prob. near 300 by now?)

If it was Reid's intent to lower the float he would not have given himself 25M preferred shares convertible to 625M shares. He would not have converted the first batch of 140M shares. Reid didn't decrease the issued shares of 175M in Jan 2011, or the 609M issued as of Jan 2012 by some bogus 37M. Rather by October 2012 he had increased the issued shares to 750M. That's called DILUTION.

Ooh note the 25M preferred was in exchange for back wages and royalties Reid claimed against $328K. If Reid had really wanted to be non-dilutionary towards stockholders, he would have merely added the $328K onto the Shareholder Retained deficit which in December he reported as being at $1M. Where the deficit is also money Reid claimed the company owes him for back wages and royalties. Where he takes all quarterly net income from the company as the pay down. So his choice was to either add on the $328K to the Shareholder deficit, and gradually get reimbursed or dilute by potentially converting the preferred into 625M common in the future. He chose DILUTION.

Now what were you saying about the 37M share buy back???