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May I refresh your understanding of what the simple English phrase UP TO means?
Don't forget .. Ken said 16 months ago that they had enough money " SECURED " to last for FIVE YEARS !!!!!!!! So don't worry !!!! ( Yeah -- Right !! ). Did he not put that out in a Press Release ?
KAT Exploration has secured funding for up to $5 million The funding contract
guarantees $1 million over the next 6 months and the remaining $4 million to be delivered upon agreements within the contract being achieved over the course of the following 6 months of no specific date. The funding is to provide operational support for Kat for at least the next 5 years..
That is a distortion of what the press release said, in what seems to be a very deliberate attempt to defame Ken's character, i.e. "he said it and lied".
The market action is impossible to figure out or guess. There are many factors in play. This one all of a sudden 'broke' this morning. No one knows why.
Very interesting.
Lucky North still has one large Vale claim (253 claims) that surrounds it. The cornerstone property is also surrounded by one large Vale claim (256 claims) and several smaller Vale claims just to the north of it. Lucky South is no longer surrounded by any Vale claim.
In November 2009 Ken and Tim could have enlarged their claims in the area much further than they did. They did not extend Lucky South, instead they simply claimed Lucky North and left it at that. Why? Presumably because they are confident that they know where the copper is on the Bonavista peninsula.
Just like the runup on anticipation of RR results?
No it is not. You should know what the basic rules and grace time periods are for filing extensions.
I remember as clear as day how so many were clamoring for a Rusty PR in that weeks after drilling was completed. And then in late December it reached a fever pitch. "Please tell us anything, just anything even if it's the results are not fully in, ... blah, blah, blah". And then when Ken tried to listen and accommodate that with the Christmas PR, what was his reward? He got kicked in the teeth by the same people who begged day in and day out "for anything". They then bashed him relentlessly with "Why did you put out that PR? Why did you not wait for full results? Etc."
Same thing with the BVIG shares. People complained that the shares were restricted and then when the company took the extra time, effort, and time to lift the restriction and that good will gesture turned bad, he got bashed endlessly.
Both those events in my opinion cast the die for the current silence.
That response shows me you know very little indeed how deals are done in business. Companies negotiate according to the what they think other side will take. ("what the market will bear") A startup is more willing to take less when they are hungry for cash than a more established company that is not as anxious or needy such as Conerstone. THAT'S REALITY. Not this opinion based on nothing, no inside knowledge or facts!
That was a super weak deal Vale hung on KATX because that's all they thought of the property.
I'd really like to hear his facts that coincide with those posts.
you will need to read the PR's. Remember, results? Distro?
Don't change the subject. You called Ken a liar. I still waiting for Ken's biggest lie. If you dodge and bob and weave and change the subject like you did in that last response, then I will have to assume that you have nothing that will stand up to real scrutiny, just vague, baseless innuendo. "Well he is just because I feel that way..."
Ok, then they honestly tell us things that aren't true?
I am not sure what you call 'results in a couple weeks' over 2 months ago?
I've read every single PR in precise detail. When a business states they plan to do X, and then business conditions either change or don't pan out as favorably as expected, the stated plans can be either be cancelled or delayed or changed. I have a grownups perspective on this. I understand this. I don't accuse those companies of LYING as if I was some little child with no understanding.
Ive never seen professional stock analysts accuse companies and/or the CEOs of lying in those situations either. And why is that? Because they have an adult understanding of business.
more mysterious action
Oh God not that again! I've spoken with people and then when others referenced the conversation, BUT twisted it with the usual "telephone game", I've denied ever talking to the person and saying the twisted version.
Not "all he can offer", but "all he wants to offer", since he has gotten badly burned in the past.
I remember as clear as day how so many were clamoring for a Rusty PR in that weeks after drilling was completed. And then in late December it reached a fever pitch. "Please tell us anything, just anything even if it's the results are not fully in, ... blah, blah, blah". And then when Ken tried to listen and accommodate that with the Christmas PR, what was his reward? He got kicked in the teeth by the same people who begged day in and day out "for anything". They then bashed him relentlessly with "Why did you put out that PR? Why did you not wait for full results? Etc."
Same thing with the BVIG shares. People complained that the shares were restricted and then when the company took the extra time, effort, and time to lift the restriction and that good will gesture turned bad, he got bashed endlessly.
Both those events in my opinion cast the die for the current silence.
Ken could provide news that there is an NDA in place without revealing who it is with and without divulging which property is involved.
Great strategy!
I've made my mind up, next week I will be selling 850,000 shares, I'm currently down over 80%.
Your math is toally screwed up
They have property claims, no proven mineable minerals to date.
Speaking about Handcamp Splash, Jack tried to warn all the nervous nellies last August on the blog as follows:
BVIG FILINGS AND NAME CHANGE Aug 25, 2010
We understand that some of you are concerned with where we are with our filings for BVIG in harmony with our company plan. Please know that we are working as hard as we can to get this completed. While it is understandable that all need to do their DD, however we have been informed of an abnormal number of inquires, calls and emails to the very agencies that we are working with that may give the appearance that we are not trustworthy.
A person who has beneficially owned (Ken + Tim Stead's > 5%) restricted shares of Common Stock for at least six months would be entitled to sell their securities provided that (i) such person is not deemed to have been one of the Company’s affiliates at the time of, or at any time during the three months preceding, a sale and (ii) the Company is subject to the Exchange Act periodic reporting requirements for at least three months before the sale.
Ken and Tim's Restricted Shares and SEC Rule 144
Also someone stated that Ken and Tim would not sell their shares after stating publicly that those shares were issued specifically to retain control of KATX.
Some Rule 144 info and conditions:
The availability of Rule 144 will vary depending on whether restricted shares are held by an affiliate or a non-affiliate. A person who has beneficially owned (Ken Stead's > 5%) restricted shares of Common Stock for at least six months would be entitled to sell their securities provided that (i) such person is not deemed to have been one of the Company’s affiliates at the time of, or at any time during the three months preceding, a sale and (ii) the Company is subject to the Exchange Act periodic reporting requirements for at least three months before the sale.
The restricted securities as defined under Rule 144 of the Securities Act, may only sell their shares, absent registration, in accordance with the provisions of Rule 144 (if at all). Restricted securities may only be publicly sold pursuant to a registration statement under the Securities Act, or pursuant to Rule 144 or some other exemption that may be available from the registration requirements of the Securities Act. Rule 144 entitles each person holding restricted securities for a period of either six months or one year, depending on whether or not the person is an “affiliate” of the Company, to sell an amount of shares which in certain cases does not exceed the greater of 1% of the shares of Common Stock outstanding every three months in ordinary brokerage transactions or, assuming the shares of Common Stock are then traded on a national securities exchange, the average weekly trading volume during the four calendar weeks prior to said sale.
Those 2 brothers will be getting a shock when the Tax Man finds out about the 186 million shares they received for nothing. I wonder if they ever got them with the approval of the Board Of Directors. I'd love to see the books audited.
Are you aware that KATX has mineral claims on various properties? Yes it is true. You can go to their web site and verify that for yourself.
Does it really need to be explained to some why investor's invest in startup companies with no sales or revenues yet? Good God! If KATX had proven mineral reserves the stock would be trading much, much higher.
I just finished watching an episode of ABC's Shark Tank. Many of those startup companies who go before the millionaires and billionaires sharks have little to no sales revenues or income from their products. The Sharks see the potential and that is why they make deals to invest their money. This is so basic.
GFSG1. how many exploration companies have they worked with, that have no proven minerals to extract from the ground.
The Company is not a mining company. It is an exploration company in search for mineral deposits. In the event the Company is successful in locating commercially minable deposits for extraction, it anticipates entering into agreements with established mining companies for the exploitation of the deposits.
Nice chart video. I noted that you mentioned:
1) You like the chart.
2) The RSI is trending up - Good
3) We broke the 50 day MA - Good
4) Love that the big volume was at the start of an uptrend - Good
5) Lighter volume dips are not a bad thing (past few days) - Good
6) Parabolic SARs under the candles are a very good, positive sign - Good
7) Longer we consolidate in the channel the better the case - Good
When the Stead's transfer their claims to KAT Exploration something good usually follows:
I told you I was not lieing, and gave you everything I have
you seen the response also in E MAIL ... those that was sent to you should have been enough to confirm
Please post a hard link to back up what you are claiming, and note that you said they are about to become restricted.
that are about to become restricted on
maybe he can assist to retire 165 million shares for starters that are about to become restricted on or before April 30th 2011
You really don't understand what CFG1 does. I'd suggest going to their website and doing a little homework first before posting more on the topic.
Let’s cut right to the chase here. You make an accusation against KATX, accusing them of a pump and dump, actually two.
All Promotions are is a vehicle for insiders and connected people to sell shares at a peak price and leave a field of bagholders behind them
I highlighted the ways they arrange financing for companies. What what on earth does what you posted to me have to do with that?
Did you know it takes money to find the minerals and prove the amounts? Yes, it does.
Sounds like the right person for the job :)
Stanley Wunderlich's Background
Chairman & CEO
swunderlich@cfsg1.com
The founding partner of CFSG1, Mr. Wunderlich brings to his clients nearly 40 years of experience in Wall Street activities. A specialist in corporate development and the formation of triangular reverse mergers, he has participated in numerous initial public offerings, private placements of equities and institutional private equity offerings. Mr. Wunderlich helped launch two previous investment banking firms, the Renaissance Group and Krieger, Wunderlich, Fialkov, Scheinman & Company. He has also served as Managing Director of J.T. Moran & Co., as a Registered Principal at Dunhill Equities, and as Managing Director at Robert Todd Financial. He is noted for the close relationships he has forged with key brokers/dealers, venture capitalists, institutional investors, research analysts, media personnel and other global private equity source.
Listed in Who’s Who in Executive Management, Mr. Wunderlich is a former member of LIFT (Long Island Forum for Technology) and a former member of the American Stock Exchange Arbitration Panel. He holds a B.A., L.L.B. and most major credits toward his M.B.A. in Executive Management. A proud former member of the United States Marine Corps, he is a two-time “Ironman” World Championship finisher.
Stan is a no nonsense ex-marine New Yorker. I like guys like him. Direct, straight to the point, not a lot of chattiness like some teenage girl. I personally don't want an IR person who thinks they need to be my mommy.
You said to watch for what you would put out about KATX in the next week
Stan:
Not perfect but soon!
Results talk. B S walks
You have absolutely no knowledge of what financing they have, or may be be lining up. Your opinion on the financing is based on zero facts.
There will be big selling once the KATG starts trading.