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Saturday, August 28, 2010 9:54:33 AM
under law, because its a shell, the securities must be restricted, unless, a new 8k w/ form 10 is filed
Not sure but I know this is the starting point.
http://sec.gov/Archives/edgar/data/1412126/000093041310003352/c61820_8k.htm
However, because the Company is a “shell company” as defined under Rule 405 of the Securities Act, holders of the Company’s restricted securities may not rely on Rule 144 to sell their securities until one year from the date that the Company files a Current Report on Form 8-K that contains all the information required in a Form 10 filed pursuant to the Exchange Act. There can be no assurance that the Company will ever file such a Current Report on Form 8-K or, if it does, when it will do so. In addition, any sales by affiliates under Rule 144 are also limited by manner of sale provisions and notice requirements and the availability of current public information about us.
also look under rules 144 and 504 as I remember
One for you. Balihi makes a good point that only 83 ml will cover the whole float of Katx with the share distribution. Wonder how low they will keep the float etc,,,,
Out of time today
Good Luck to All
Somebody will nail this one
There was a filing the 12th, not sure if that was it or not
Form 10 is important here
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