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Your opinion is not shared by everyone.
Alan... Great post. I hope the crooks get burned badly.
This really has nothing to do with katx. Kens association with Mr. Sahota was very short lived and terminated soon after the loi was initiated. mr. sahotas present problems are of no concern here.
He did, but that loi was terminated by ken I feel sure.
mappo... I agree. For those who might not be well versed in this topic this might explain a little of what is going on with the shorting issue.
Short selling has a dark side, courtesy of a small number of traders who are not above using unethical tactics to make a profit. Sometimes referred to as the "short and distort," this technique takes place when traders manipulate stock prices in a bear market by taking short positions and then using a smear campaign to drive down the target stocks. This is the mirror version of the pump and dump, where crooks buy stock (take a long position) and issue false information that causes the target stock's price to increase. Short selling abuse like this has grown along with internet trading and the growing trend of small investors and online trading.
In my opinion shorting should not be allowed and the SEC and etc should take a good look and rewrite the rules to prevent abuse by a few. The good derived is greatly negated and over shadowed by the bad. Katx has been shorted to no end and hopefully recovery is starting to fall into place.
It is incumbent on each investor to sort through the unlimited info on KATX and make their own decisions as to what is being said. Pump and Dump or Short and Distort. We are each responsible for our own choices and sometimes unfortunately in order to make a small fortune in the stock market you need to start with a large one. Don't invest more than you can afford to loose. GLTA.
Alan... They have been standing on the Kats tail far too long and they are about to get bitten . Turn about is fair play LOL.
Gump.......professional what????? Crooks????
Gump.......stickies should really be factual info not opinions.
Alan.....thanks for the warning and suggestions. I agree it will get ugly. It already is.
Sorry but I don't agree, but that of course is my opinion which we are all entitled to.
I personally understand your frustration, but playing the devils advocate I am of the opinion that at this point his hands are tied and lips are sealed for a reason. His legal team has probably advised him to say nothing especially if there are negotiations in the works. It is unfortunate for him and us that this is the position we are in but it is what it is. Prior statements continue to haunt him and the only way to avoid further issues is to say nothing, especially when you get ripped apart no matter what you say. I continue to remain optimistic in spite of the blackout. I do feel we are poised for better days ahead. He could have given you a long drawn out reply with what is in the works, and then be accused of pumping, but he chose not to.. I doubt that no one would like to lift the blackout more than Ken.
Just to set the record straight katx does own a % of bvig so it is on topic to discuss it here. We don't want to mislead anyone.
Then if there are legitimate problems why doesn't the sec issue a stop order or whatever. Katx is trading every day and new investors are coming in all the time. It tells me all is ok
gump... I am talking about honest investors not the company.
gump...Is the SEC efficient or not. If the current submission was riddled with problems then it should have been rejected immediately. That is if they were super sharp and efficient. However , since they have had it for quite some time now, then are they sloppy and inefficient or is there nothing wrong. IT's got to be one or the other. They surely would not leave the people they are supposed to be serving hanging would they?
gump.....your quote
The sec has nothing to gain from delay. This seems to be a gigantic issue with a lot of folks and and if not allowed the sec would have said so. It would not bode well for the caseworker to miss something of this nature
Personally i feel that if the sec had a problem with the submitted date they would have addressed the issue when clarifications were requested prior to the resubmitted S-1a. We have been hearing over and over how sharp the sec is on these matters.
Why would anyone want to advertise an upcomming distro so a bunch of flippers could run in and buy just to get the free shares and then dump the next day. Am I missiing something here.
gump.....production reports are probably forth coming. I don't think 2 oz/day would be considered chump change. only working 5 days/wk means at least $1,000,000/yr. Plenty to get things rolling , capitol improvements, wages and etc. I think 2oz/day would be a very conservative estimate.
The only so called pumping taking place here is/was in the form of optimistic posters. A real pump is done by paid promoters who are paid a fee for touting their client's company most of which are run from a breifcase . When the dump comes it is the ceo and insiders who benefit by selling out. Is there any proof here that any one on the inside sold out. It looks to me like they are taking a beating like the rest of the share holders. Just because the price has dropped from. 25 to present does not qualify it as a dump. I feel ken is honestly trying to move both companies forward and hopefully will eventually be succesful. If i were seeing a constant stream of overly optomistic pr's i would be having major concerns. It is quite the opposite here.
With all the emphasis being place on a nordburg/manjit connection how about looking at it from a different angle. Suppose bob n had an interest in canco and also katx. So he tells both that maybe they should take a look at each other and maybe work something out. Ken and manjit get together and things look good so they issue a a loi. Given more time ken discovers problems and terminates the deal and each go seperate ways. The result is that katx is no longer involved with either nordburg or manjit. End of story. Katx is not a p&d and no one can prove otherwise because there was no company pump and certainly no dump. If anything it is quite the opposite because of very little info coming out from ken
Unless someone as proof to the contrary neither of these two are presently connected to katx. This company has moved forward and neither are relevant.
Frank you are correct. Manjit is of no relevance here. The negotiations never got past the loi stage and the deal was not consumated. My guess is that during the veting process ken decided to terminate the talks.
correct me if i am wrong but doesen't katx own 12% of bvig making info on that site also relevent here.
I am in no hurry and have no intention of letting my katx shares get and away. Go katx
News of the latest s-1 is getting closer every hour. Should be interesting as to how it affects peoples opinions.
Kadin......i am aware of the challenges weather presents when mining. Mining of any type is dangerous and risky but you plan for such incidents. If the electricity goes out use the backup gen sets. If the pit floods pump it out. That is why most equipment used is gas or diesel powered. The environment does present problems to overcome. But most are not insurmountable. A good operator will succeed a bad one will not. Most know the challenges going in.
Kadin....in simple language it is saying that revenues from the sale of recovered gold will go back into operations. For me that is not a problem. The more they are self sustaining the less they have to depend on financing. As far as wet seasons, again no problem. Gold recovery for the most part is a wet process. So instead of having to bring water to the site nature will do it for them. A little mud is of no concern.
I think irrefutable opinions and speculation might be a better description
Abe.....excellent post
In my opinion they can operate with what they recover each day and still have money left over
Mappo...with gold closing in in $1700/oz it doesnt take a whole lot to cover expenses
Quite possibly gold recovery is running better than expected allowing for operating capital.
Thanks Mappo. Exciting times ahead. Get the S-1 approved and then the 3 for 1. Shareholders will be happy.
Anyone aware of any recovery rate at Ekom Eya. They are prosessing aren't they?
Gooddolphin....i agree. Time will tell who is right here. Vindication gets closer every day. Hang on investors and "dont get scared out of your shares" and good luck.
Yesterday was an interesting day on the katx board. Will it continue today? A lot of ground was covered with some pretty interesting scenarios offered up. We are another day closer to a news break. Will be interesting to see which direction it will go. Go katx
Maybe i missed something but how does this apply here???
Omg.....so if you feel good about a position for some time you are not allowed to have a change of attitude.