This is the email from IR not long after the PR,wh
Post# of 8054
"KMG will become a publicly traded reporting company ASAP, once all SEC requirements (audits,etc.) have been met.
Sincerely, KMG Public Relations.'
logically only reason to mention audits is to have audited financials-which is a requirement for being an SEC (OTCBB) reporting company
pinksheets very rarely have audited -and when they do its usually part of a process to uplist- only OTCBB (fully reporting companies) have audited.
Everything we know indicates they intend on uplisting to OTCBB just as Bob intended -May 26 2011 PR- but couldnt 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
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