It's looking more and more like the SEC had a new
Post# of 14350
It's looking more and more like the SEC had a new jerk reaction in suspending trading for KMAG, MIKP and GTGP back in September. GTGP's CEO has some extremely insightful information on "pumping and bashing" of stocks including message board posts he forwarded on to FINRA. One would have to think Jeff Reid of KMAG and MIKP's CEO have had similar discussions. Here's a bit of an update on the three companies:
MIKP has a MM selected and working to get FINRA's 15c211 accepted.
GTGP's CEO, James Fallacaro was contacted by FINRA and was asked to do a conference call. He accepted and the call and they discussed GTGP in depth. He offered to provide any documentation they required. Here is one of the more interesting discussions with FINRA reps: UNUSUAL RISE IN STOCK PRICE
We discussed the rising stock price which was quite unusual both to them and to myself regarding that short period of time in which the stock went from $.25 to over a $1.20 and maintained that price for quite some time. I gave them my own opinion regarding the cause, stated that I believe there are certain groups that band together to pump a stock without the IR or payments associated with pink sheet manipulation of penny stocks and groups that do just the opposite for their own gain. Suggested they should look at the stock boards where this is mainly taking place. Offered them copies of emails sent to me with quotes from their posts.
http://finance.yahoo.com/news/global-technolo...39333.html
JR and KMAG have obviously been much quieter. Our last September 18th PR was defiant in firmly stating that nothing wrong had been done. From all appearances, sales are doing well and revenues keep growing. The interest in KMAG remains steady and the core of shareholders resilient and supportive.