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  4. KMA Global Solutions International, Inc. (KMAG) Message Board

Q: Ahem.. Junior Reid Its Aug 8th how many shares

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Post# of 14350
Posted On: 08/09/2012 2:46:46 PM
Posted By: MMG

Q: Ahem.. Junior Reid Its Aug 8th how many shares did KMAG (not shareholders that buy and sell) YOU AND KMAG buy back and have they been returned to treasury with the TA certification?

A: Ummm... We converted about $2 million in hypothetical non existant debt of a non functioning Hong Kong entity into prefered shares. As you know theres no market for prefered shares so in order to generate cashflows to allow me to make unnecessary trips to my cucumbine in Honk Kong I converted that stock to free trading common stock. Now part of that stock we used to pay IR pump as you can see the share price took off by like 300%. So the IR groups will get about a 300% bonus. Now as they sell their stock into the volume the new shareholders will buy that stock creating a sharebuy back. As so far as returning stock to treasury and TA certification theres really no need to do that as once we run out of common stock we will simply recap and continue the conversion efforts. Eventaly we will re trace to our real cap of 0.0005 and we will complete a reverse split, thus rendering your TA certification question non valid!



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