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Micro-Cap on Watch; KMA Global Solutions International Inc. (KMAG)

By Warren Paige

KMA Global Solutions International Inc. (PINK: KMAG), a provider of generic and customized solutions in the apparel, multimedia, sporting goods, food and pharmaceutical industries, earlier this week, announced the appointment of Donald Page as the company’s new Chief Financial Officer (CFO).

Page has significant experience in domestic and international tax planning, mergers and acquisitions, strategic business assessments and operations management. Additionally, he has a close working relationship with KMAG CEO Jeffrey Reid. Page’s appointment comes a few days after KMAG appointed Scott Dixon as COO.

CEO Reid said that KMA Global Solutions now has an executive team complete that will deliver on the company’s potential.

On Tuesday, KMA Global Solutions also announced that it reduced its authorized share structure by 250,000,000 from 1 billion shares of common stock to 750,000,000 shares.

KMA Global Solutions shares rose sharply on Tuesday. The stock ended the day 37.86% higher at $0.0142. Despite the sharp gains on Tuesday, KMAG shares are down more than 18% in the last five trading sessions.

 

May 2nd, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.