It appears the SEC doesn't believe some of the figures or information KMAG is putting out. I mean when they see a PR saying there has been a 1957% increase in sales revenue, that raises flags, IMO. I think the SEC wants full disclosure and doesn't want the public to be mislead especially if financials are unaudited. That's my take. Here is SEC pr:
SEC Suspends Trading in 16 More Firms; Year-to-Date Tally Tops 600
Sep 17, 2012 10:04:51 (ET)
By Tess Stynes
The U.S. Securities and Exchange Commission said that it temporarily suspended trading in the shares of 16 more companies.
The suspensions are part of a broader crackdown this year, which has resulted in a record 609 suspensions so far during 2012.
The SEC has halted trading of numerous noncompliant companies, citing reasons such as a lack of current and accurate information, as it ramps up efforts to crack down on fraud.
The agency has also increased its scrutiny of Chinese companies, amid concerns about the accuracy of their publicly disclosed information.
The latest group of companies facing suspension are: AER Energy Resources Inc. (AERN), Alto Group Holdings Inc. (ALTO), BizRocket.com Inc. (BZRT), Fox Petroleum, Inc. (FXPT) and Geopulse Explorations Inc. (GPLS)
Also, Global Technologies Group Inc. (GTGP), KMA Global Solutions International Inc. (KMAG), Mike the Pike Productions Inc. (MIKP), Mobile Star Corp. (MBST) and SavWatt USA Inc. (SAVW, formerly SAVWD)
