Sounds good-actually sounds like wisdom, (which I dont often hear from homo sapiens), as the pieces are all related, though we are hungry.
Until all the ducks line up,we have their intentions as follows,as posted 8-12:
This is the email from IR not long after the PR,which I received from some body else not long ago and have permission to post from the one who received it:
"KMG will become a publicly traded reporting company ASAP, once all SEC requirements (audits,etc.) have been met.
Sincerely, KMG Public Relations.''
Logically, the only reason to mention audits is to have audited financials-which is a requirement for being an SEC (OTCBB) fully reporting company.
pinksheets very rarely have audited -and when they do its usually part of a process to up-list - only OTCBB (fully reporting companies) have audited.
Everything we know indicates they intend on up-listing to OTCBB just as Bob intended,as per the May 26, 2011 PR- but couldn't due to JV partner allegedly withholding and commingling receipts-thus blocking financials. This should not be a problem moving forward now because no JV activities since the Loreto ship left ca Aug 7 2011-so now they can do 2 years audited financials-w notes re legal- though the completion of the TX case early -mid Oct I think will certainly provide a more open road.
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