I share your same sentiments. I truly believe that these newly issued restricted shares of CATA is a sign that the company is finally ready to move forward. I believe this is a subliminal action that was taken by the company that has great meaning.
Consider this... within this recent 8-K... restricted shares were issue in lieu of cash compensations for them as far back for the years ended December 31, 2005 all the way up to December 2014. You have to wonder... Why now? Why not issue such shares in lieu of cash for the years 2006 or 2007 or 2008 or any year up to 2014. Again, the question is... Why now?
I believe it's because they are ready to put closure on them being here as the CATA management and is making a way for the new TEAM to come in to take over the company with a new direction. It appears that there has been some years of careful planning to make such happen. The STOP sign was removed from OTC Markets to upgrade to Limited. I am suspecting that we will soon see some financials filed along with CATA going to current status.
Bottom Line... something significant triggered the filing of this 8-K that is indicated below for those who have not seen it yet:
Pursuant to written consent by the Directors of the Company on November 20, 2014, 50,000,000 shares of the Company’s $0.001 par value non-assessable restricted common stock were issued to Daniel St. John, a Director of the Company, in lieu of cash compensations for director services for the years ended December 31, 2010 – 2014.
Pursuant to written consent by the Directors of the Company on November 20, 2014, 407,000,000 shares of the Company’s $0.001 par value non-assessable restricted common stock were issued to Henry D. Fahman, the Executive Chairman, Interim President, Secretary and Treasurer of the Company, in lieu of cash compensations for director and officer services for the years ended December 31, 2005 – 2014.
These issuances brought the total number of issued and outstanding shares of the Company’s par value $0.001 non-assessable Common Stock to 998,898,690.
These issuances of our shares were made pursuant to the exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “Act”), provided by Section 4(2) of the Act.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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