Certainly looks like the SEC will do what ever they have to for the money...including breaking the laws they have sworn to uphold!
Brian Pardo and the LPHI Board of Directors had to defend the case all the way to a jury trial
because they knew the company was innocent. At trial the SEC did not produce a single
piece of evidence to substantiate the bogus charges they fabricated. This fabrication was a
diversion from what the SEC knew was the real cause of the shareholder losses. They hid
this for more than 3 years until indisputable evidence finally surfaced that proved the
shareholder loss was caused by illegal short selling by Options Express, a subsidiary of
Charles Schwab, and other major Wall Street firms!
The SEC thought they could drag the investigation out long enough to force LPHI to go out of
business. When that did not happen, the SEC was in the precarious position of being forced
to go to trial with Brian Pardo, knowing they had no evidence! Their only prayer was that by
some miracle they could dupe the jury with complicated lingo and a so-called expert from
New Jersey into believing LPHI and Brian Pardo had committed securities fraud by causing
the company to understate projected life expectancies of senior policy holders.
A jury of eight hard-working citizens from the Austin, Texas, area saw through the smoke and
mirrors of complicated legal drivel the SEC tried to use. Elizabeth Yingling, lead LPHI
attorney with Baker McKenzie, presented the case very simply so the jury understood the life
settlement transaction. They were able to demonstrate that the transaction serves both the
insured and the investor in a WIN-WIN relationship.
The jury found that Life Partners used reasonable medical opinions and the resulting
projected life expectancies were reasonable. These projections are used to establish a
reasonable period of time to escrow prepaid premiums for each individual investor. The
unique LPI transaction was underwritten to be profitable on each insured who lived to their
early 90’s or longer in many cases.
The verdict for LPI was the death blow for the SEC’s fraudulent case. The finger they had in
the dike to plug the hole was suddenly overwhelmed by a roaring river as the floodgates of
deception and cover-up were about to be in the headlines when the jury delivered the
The truth is that the SEC knew about the illegal naked short selling of LPHI stock by multiple
brokerage houses. They concealed this for more than 3 years from Brian Pardo, LPHI, and,
most importantly, the shareholders the agency is sworn to protect!
Now, with this information about to be revealed to the world on the heels of an embarrassing
loss to Mark Cuban and others, the SEC is forced to confront the reality of widespread
corruption within their Agency. This corruption stretches from the Fort Worth office to the
highest management levels in Washington, D.C.
With multiple administration scandals plaguing our government, another Federal Agency
scandal now arises, and the cover-up by the SEC is front and center! This scandal alone has
cost shareholders of LPHI $480 million in losses.
Brian Pardo, chairman of LPHI, knew in 2009 that LPHI’s stock was being illegally
manipulated downward through a practice called naked short selling. This was being done by
greed-driven investors who were betting the stock will go down. They refused to cover their
short positions with actual stock within 3 days as required by law! This created the equivalent
of counterfeit shares and produced the illegal gains they stole from unsuspecting
Brian Pardo, through his market sources, knew this illegal practice occurs through a
deceptive, manipulative maneuver known as “resets” in the industry. If left unchecked, this
illegal practice can eventually drive the stock price to $0. This is exactly what happened to
Bear Sterns & Lehman Brothers in the 2008 crash and put them out of business!
Brian Pardo filed a formal complaint in 2009 (attachment enclosed) with FINRA & the SEC
pleading for their help since this illegal practice was detrimentally affecting LPHI
shareholders. These formal complaints were not only ignored but not even acknowledged by
As it turns out, through documents obtained through the FOIA (Freedom of Information Act)
from the SEC, the SEC in 2010 not only knew about this illegal practice taking place with
LPHI stock, they pursued legal action against some who were practicing it.
The SEC, in administrative court, prosecuted, obtained a conviction, and fined ($2 million)
Options Express, a subsidiary of Charles Schwab, for illegal naked short selling of LPHI stock
through the practice of resets. This shocking revelation was only discovered by Brian Pardo,
through his attorney Gary Aguirre, on Christmas Eve of 2013. This is the mere tip of the
To all shareholders;
Starting next week we will proudly start posting current business updates and pictures to our Social Media sites. We believe this will show our huge base of loyal KMAG shareholders that they made the correct assessment with their investment during these trying times.
We are also working on a in depth, complete, factual timeline of events that have transpired since that fateful, Sept. 17, 2012 morning. In the near future we will post this timeline for all to see on Face Book and our soon to be released company web site. We feel this type of transparency will quash many of the rumors, innuendos, and half-truths concerning myself and our company, KMA Global.
Jeff Reid CEO
KMA Global Solutions International, Inc.
Looks like the gloves have come off! No more turning the cheek. The boom is coming and it is called KMAGABOOM!
Long and Strong KMAG
In an effort to cummunicate freely with shareholders JR has now created Facebook and Twitter accounts. Hope all interested shareholders will view each. Things are going to get real exciting shortly. Long and Strong KMAG
Great. Spam priced at 0.0004 per can. Care to throw in a Hostess Twinkie for free?
Lead you to the supermarket checkout
Some specials and rat food, get lost in the crowd
One way or another I'm gonna getcha
Yeah I've made contact with the Easter Bunny too. Outside of pass through royalties of $30K per quarter on EAS patents, there are no revenues. Your cult hero Reid is free is submit an OTC report any time he wishes. But he stopped doing that in April 2013. Outside of being the beneficiary of a pump-a-rama you have been duped. Since you now admit to buying in initially at 015, guess you needed a pump-a-rama to rescue you? LOL
Duped?? I'm up 250% It is nice to have connections in the retail world,I have made contact with 2 of kma's customers.Like I said all along 2014 revenues north of 50 mil.
Sentiment: Strong Buy
There ya go again... blaming the world for your being duped by a microcrap CEO. Take responsibility for your own decisions Junior.
That's not what Janice says
An open letter to all of the ceo's and their families and shareholders that I have hurt through my postings and my writings:
I realize it is completely legal for companies to promote their stock through truthful announcements using any method they want. These well meaning ceo's want to get there companies noticed by the market.
Due to the nature of pink sheet and over the counter companies, I realize there typically is no support for the stock after the initial excitement of the announcement.
That is where I come in. Working with market makers who short the stock and other individual shorters, we bash the stock to make a profit. I know this is market manipulation, but I get paid well to do it.
I am sorry that I have hurt you. As all of you know, by now, I get paid to do so.
I get paid by market makers and those that are shorting the stock. Although I have never profited personally through the selling of shares, I know many who have.
They have offshore accounts (not under their own names) that will short the stock right before I and the others employed start bashing the stock.
I get a certain high doing this job but have come to realize that this is not my life goal.
I would rather live a more peaceful life and grow old my husband, Al in Reno, Nevada.
I would like to smell the roses more. I get extreme headaches being on the computer all day.
Again, my apology and I hope you all well.
Janice Shell paid by mm to short offshore
What kind of imaginary world do you live in?
Shorting a micro#$%$ stock trading at 01??? What part of FINRA Rule 4210(c2) do you not understand per margin requirements? One would have to be a lunatic to short 1M shares at 01, and tie up $2.5M in cash due to margin requirements. But in your imaginary world, when you "invest"(?) in a #$%$ stock like KMAG, and all the pumper predictions don't come true, then do you blame yourself for being a pumper stooge? Of course not. Much easier to blame your naivety, and poor decisions on a "Short conspiracy", and the evil ones.
The only manipulation going on is from the pump gang. The amazing thing is how lame, and idiotic their pumps have become (lazy?), and yet the naive such as yourself "believes" their every recycled rumor. Well, keep "believing" because I'm not here to save you from yourself. Neither are there evil "paid" bashers making "good money". Do you sleep with the light on at night? After all sumpthin might go bump in the night. LOL
However, the entertainment value of the conspiracies is a welcome relief from making nose prints on the screen watching my NYSE Long (yes I said "Long") positions going up, down, and around for 6.5 hrs each day. Staring at the screen, or imagining a "conspiracy" won't affect anything. The stocks will do whatever they are going to do. That's the real world.
Doesn't sound like a conspiracy to me.Janice and you minions admitted to bashing,shorting,manipulating the stock price and getting paid good money for it.She should be in jail with the rest of I hub criminals,what a bunch of losers
Sentiment: Strong Buy
I know a hell of a lot more about this company than you ever will.That is the advantage being long as opposed to being a clueless basher.
Sentiment: Strong Buy
Do a Goog on Walmart and RFID, and one will find Walmart has no "contracts" with RFID tag manufacturers. It's the Walmart suppliers such Proctor and Gamble, or Kimberly Clark who would be using RFID for the products they ship to Walmart.
Also note outside of the Gemini (RFID-EAS ) tag, KMAG holds no other RFID patents. KMAG licensed its EAS tags to the Chinese manufacturer rpac. Where Reid receives a pass through royalty of 1-3% based on volume sales of these legacy tags sold by rpac. KMAG has no known manufacturing capability of its own for Gemini, any RFID or for that matter EAS tag. Read the 2010 OTC annual filing! Then try to find a named manufacturer since then.
Also note Checkpoint brought their RFID-EAS tag to the market in 2007. Reid announced the Gemini tag in Mar 2012. Do you believe a little piss ant company like KMAG can give one of the leading manufacturers of tags in the field a 5 yr lead time, and then grab significant market share from them? There were others who also came into the market with the dual tag before KMAG.
"Another" one? Where was the first one???
Maybe Monday will be better, because no PR is predicted for Monday? Therefore, not expecting and receiving nothing on Monday will make for a better day then expecting and receiving nothing last Friday???