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tomolo

02/24/14 2:06 PM

#182137 RE: Masterlu #182133

Well, to maintain a fair market you should pr material events. This would be a big thing keeping it secret, why would he do that?
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DragonBear

02/24/14 3:43 PM

#182162 RE: Masterlu #182133

Not speculation? So you're saying it's a fact that Reid didn't receive such such notice?

No, I'm saying it's fact Reid has never acknowledged receiving such a notice.

And that there is nothing he could announce that would be materially more important than announcing he had received notice the investigation was over, as soon as he received it.

Are you able to come up with any good reason why Reid would not have announced closure of the investigation weeks, or months ago?

BTW, there is one other possible way stockholders would know it was highly likely the investigation was closed - the ole double back flip into the pink shell trick. FINRA will block such a corporate action request if the stock is under investigation. Where they consider any stock suspended pursuant to subsection 12(k) (e.g. read KMAG's suspension notice) to be under investigation. Again Reid would have to show em the Termination Notice from the SEC closing the investigation to get past FINRA.

So have you thought of any reason why Reid would want to withhold this information from his stockholders? There is none is there? If he issued such a PR, then shareholders would have a path mapped off the greys either through a R/M or simply registering the KMAG stock with a S1, and then getting a MM to file a 211. Of course there hasn't been any S1 filing either. Not easy to dismiss Reid not issuing a PR indicating the investigation is over months ago, leaving his stockholders hanging in mid air - is it?