I think the best bet at this point is for everyone to see what happens here by the end of the week. If nothing happens, then I am sure many here will be a little concerned. However, many of us have been invested in KMAG for a few years, so we have had to exercise patience for some time.
The few big things to keep in mind:
-JDR has a fairly substantial holding of the common stock (~ 200 - 300 million shares)
-KMAG does not need a working website (currently), phone, or employee base in North America to continue its operation. Based on the 8+ patents on RFID technology that JDR has, this enables KMAG to continue earning revenues on the companies currently incorporating KMAG technology with their own products. Distribution channels/Resellers comprises a large portion of KMAG's revenues. As a result, this eliminates the need for additional overhead that is not highly profitable (office/employees) to continue making revenues currently and preserve operating capital. Very smart model in my opinion.
- Keep in mind that based on the last PR in October that KMAG was discussing a joint venture with another company (KMAG moving toward a fresh start). This is likely the reason the http://www.kmaglobalsolutions.com website is no longer available, and also why you can not contact KMAG personnel at their previous office. In my opinion, the venture will result in a newly formed company, which will bring about a new website, phone, and office personnel to contact in short order.
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