Since telling its shareholders "... Management is currently analyzing the possibility of a stock buyback considering our strong recovery and reemergence into the market segment." The stock has fallen 75%.
Apparently the only thing "strong" with KMAG is the selling pressure. If you learn anything in this market its should be that the share buy back talk usually indicates a top and it never, ever, ever happens.
Do a search for share buy back on this blog and you will see what I mean.
KMAG Reduces Authorized by 250,000,000 shares, Management Analyzing the Opportunity of a Stock Buyback
May 01, 2012OTC Disclosure & News Service
Mississauga, ON, Canada -