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lol yea i know, those people were me :)
kind of surpised at the horricly low volume right now. Wonder if the news hasn't really spread yet....
oh how right you are :)Which is why i said this will make complete sense come monday :)
It will all make sense monday.... Trust me....
No problem bro, and I do not take full credit for this, others on here that I called and spoke with on the phone over the night to confrim this get the full credit. I wont list their names though out of respect for them.
We should have 1 more left this week, but please, wait till monday, that will make all the news this week look like nothing :)
Again, as a discliamer, things can change, including timelines, so if something doesn't happen monday please don't take this as a bad sign. But all in all monday should be a sexy day :)
Hehe damn I am good ;) all credit goes to others on here, you know who you are!
Could not have said it better my self! Besides news screwing them up, the MMs play games all the time with these that charts simply can't predict. Pinks and even cheap OTCs/BBs are too dynamic for charts to be of much use. Specially in predicting what will happen in 2, 3, 4, 10, 15 days down the road....
I use charts to see what it's doing that day, to find bottoms and tops, and other things along those lines. To predict what a pink sheet stock will do on any given day, or in the short term or long term future, has about as good of odds as picking the next powerball winning numbers.
Yea and even if we drop all the way back to .01, something I really don't expect as the buy support is way to strong and any drop past .015 would quickly be bought up and cuase it to shoot up way past that mark again. But even if that did happen, it's meaningless in everyway other than the fact that we will suddenly be able to get even more shares for cheap. This is a great company with a great CEO and some stellar properties with great value. It's also a company with a very low float and low OS, we already had one major move up in the last 3 weeks. The next one will be much bigger, and much much higher..
Yes this was true, the close was painted, but what cubs doesn't understand is the nice simple fact that everytime we get close to the .015 level, strong buy support returns and we shoot up from that level. Just like today. And before that 500 share painted buy went through, we had 200k buy at .016, still higher than yesterdays close.
held? wake up mcfly, it has held every time it has hit the .015 mark for 3 solid weeks now....
What happen today though? You told us all last night that it was going to break through that level today... instead it finished higher than the close yesterday!
funny you brought that company up, been hearing some rumbling about a possiable JV with them. But nothing more than the common forum buzz though.
lol me too, i put my funds in on friday, they technically cleared today after hours. Will be looking to be a buyer on wed, don't belive this will drop any more, i think the support at .015 is too strong and will last. I might hold till friday though just to make sure, because there is always a big sell off on friday, if it does break the .015 mark friday will be the day it happens.
Quick question, I am pretty sure that KATX owns all of it's properties 100%, but I have noticed something that is kind of interesting.
In the recent PRs, Rusty Ridge is the only one they list as owning 100%. The rest of the properties, such as handcamp, they only say things like "glad to have in our portfolio" and " Kat Exploration Inc. is pleased to announce that it has commenced with the next phase of field work on its “Handcamp” high grade GOLD property.".
Notice how they list it there. Then compare it to what they say about Rusty Ridge:
"Kat Exploration is pleased to announce the results of its latest work program on its 100% wholly owned Iron Oxide, Copper, Gold(IOCG) “Rusty Ridge” property."
Rusty Ridge is the only one of it's properties that they list as 100% wholly owned. The rest, such as the promising Handcamp, they list it as theirs, but do not say how much they own of it. Every time they talk about Rusty Ridge they list it as "100% wholly owned", even on their web site. They do not do this for any of their other properties......
My question to you is, why? If they fully own the other properties, wouldn't it make sense to address them in the same way?
This company has one of the best CEOs I have ever seen. Hes completely honest, hes a stright shooter, and will answer any question you send him that he is legally allowed to answer. He's totally transparrent.
They have some amazing prospects, better than I have seen in other JR mining companies that shot up to 2 or 3 bucks when they annouced partnerships.
All they need right now is a JV and this is going to fly up over a dollar! And that might be coming very soon. If they get funding for test drills with out a JV, that will also cause this to shoot way up. This company is in a great position right now, and it's a great time to load up on more shares!
This is just a FDA class approval, not a product approval. It's very common, specially for products that have completed lots of testing, to get approved the first time. Happens more often then not, and the FDA has even relaxed its own internal guidlines for product approveal this past year to help get these products out to market even faster.
So far we haven't gone below that, we have had very strong support at the .015 level. Right now there is no question that is our bottom and has been for roughly 2 weeks. The only real question is will it continue to hold. I belive the answer is yes, if it doesn't though, then I will be buying a ton of shares under that mark.
Where did you get this "rumor" from? What is the "huge name" that is linked to KATX?
No offense man, but simply making random cliams with out backing it up with any short of information is quite useless on here. I can tell you I found out who KATX JV partner was and when they were going to make it public.... Would you belive me? With no way to verify anything you have said, your post holds no water unless you provide some more valid information....
All this means is that there are naked shorts out there that are going to have to cover if this goes up. It's interesting, if this is true and the list is pretty up to date, then if there is a nice spike in the pps on news, it could trigger a short squeeze that could cause this shoot up massively as the shorts will be forced to "cover" aka buy real shares of this stock which would cause the price to sky rocket.
Short squeezes are great, the only problem is you need a large number of naked shorts, and you need a PPS spike. I don't know about the number of nake shorts, but the pps spike is a deffant possiablity. But again, unless the pps shoots up quickly on good news, then it wont trigger a short squeeze. Right now this is just a really interesting possiable outcome, nothing more. If we get more information on the number of shorts in this, and it continues to grow, then the reality of a short squeeze becomes higher. Just something to keep in the back of your head for now though, and yet one more promising thing that could happen with this stock.
Your nothing more than a lame basher, and apparanently can't grasp or simply don't want to grasp what people like me are saying.
You think this stock is destin to fall below .015. I don't. I said it was "possiable" for that to happen, because guess what, anything is possiable in the world of penny stocks. But I do not expect that to actually happen.
This stock has strong support at the .015 levels. And anytime it touches those levels it quickly bounces back up.
The "old" news that people are posting that is too hard for you ro grasp or understand is actually filled with very good pieces of information. It not only provides an outstanding look at this company, it's quite relevant right now. The old new's shows us what they are planning to do, and how they plan on doing it. Even though it's a few months old, it actually means more now then it did when it came out because lot of what was in it has to do with what is going on with the company now. We are now at the stages that some of that "old" news was talking about, and if you re-read it, it provides an excellent idea of what the company is mostlikely doing right now and going to do in the near future.
Your post are always negative, and your only here to bash this stock. You completely ignore the facts and your posts are completely poitless.
You really have no clue what your talking about. There wasn't some massive sell off or anything of that nature that dropped our price. This stock was up well over 700% in the course of roughly a week. That was it's first big move up in a while, with any large move up, it has to establish a base, a range. And that is exactly what it has done. You don't go up 700% in a week and then continue to trade at those levels after you hit that high. You go up, then after the move, you start a down trend where you find a new range.
Ever since it moved up, it has set up a bottom at .015. It has tested this bottom many times and it has held nicely. It's trading rage is pretty much .015 to .02. This is it's new range, it's new bottom. There is strong support at .015.
Thats all there is to it, pr or no pr, it should hold around these levels for a while. Of course we got many more prs to come, but there is plently of support at these levels.
I am not expecting any major moves up or down unless they are PR drivin. Once bigger news hits, it will shoot up and establish a completely new, higher trading range after that spike.
This is an extremely healthy stock. But of course it might lose support at the .015 level at some point and move lower. But that is fine too. This still will be over .50 on any really good news, and easily over $1 on any major news like a JV. If goes lower it's simply a incredable time to add more shares before the next big move.
Considering in 3 to 6 months this could be well over a dollar if the right news comes out, anyone technically adding under 30 or 40 cents would still make out great. But these levels are a great place to get in at or average down. I will be buying more laster this next week as well.
Long term, it really doesnt matter much if you add at 1 cent or 10 cents, as this will go up so much it will make everyone a ton of money. Short term, anything under .02 is great!
Just wanted to once and for all clear up whats going on over there at otcmarketbulls.com. Sent Ken an email today and got a very prompt response. I basicly asked him if the company had any involement with that website, directly or through a 3rd party. Here is his response, I belive it speaks for it's self. Not sure if anything like this has been posted on here yet, didn't see anything when i looked but please forgive me if this is redundant.
Hi *****
I answered a similar question from another investor with regards to this same issue. We know nothing of this campaign or people who are receiving $50K for promotional purposes. That’s pretty lucrative for 2 weeks wouldn’t you say.
Ken Stead
President / CEO
Kat Exploration Inc.
Office 709-368-9223
709-368-9224
Cell: 709-690-2908
Fax: 709-368-9213
www.katexploration.com
kstead@katexploration.com
I see 10 cents short term as a very real possiblity. I still belive there might be some bigger news to hit sometime before christmas, but it wouldn't surpise me if by the end of 09 we will be around that level. I don't expect any moves up to the dollar range till a JV or Drill results hit, and those mostlikely wont come till around spring. But anything is possiable!
drill fianacing alone should take us to .20 to .40, Rember low float, low OS + big news = big jump. As noted by the 600% gains of a few weeks ago.
When the results come back, this stock will be easily over $1.
ditto, I plan to make at least 50k off of this, my target though is over 100k, which will be quite easy IMO.
I hate to say this but you guys are nothing but amatures who saw the big up trend in this stock and decided to jump in late for a quick buck. You really need to learn more about these types stocks before invesnting in them.
Number one, gold prices don't mean jack for a company like this. Nore does really anything else outside of company news. This company is not actually mining the gold yet, so gold prices have no effect on the pps. Right now, there is nothing but alot of very promising data. If you invest in mining companies like this you would know that this data and findings thus far are quite a bit above normal and look great. But what we need is to have sub surface test drills to confrim whats actually in the ground and the quality and quantity of it. I have no doubt these will be good, but until the company does these, the price of gold wont be a factor in the pps. This is typical with mine exploeration companies like KATX.
The price of gold will be a major factor once the test drills are complete, and even more of a factor once they start mining, but untill that happens, the price of gold could shoot up over 2k and still not factor much in the pps of KATX.
Just because this companies future is promising, doesn't mean the pps is going to shoot up to .50 cents a share. It's going to take more data, more results, the annoucment of test drilling, or funding for that, or other big news to get this to move up. When that news does hit, it will shoot up quickly and by a large amount.
Right now this stock really isn't in a "down trend", it's trading side ways and found a bottom. The bottom is right around the .015 mark, and its been trading in the range of .015 to .02 this whole week and really much of last week too. The only question is, will it hold? If it does, great! if it doesn't ,great, you can average down and buy alot more shares cheap. Though aparaently not in your case since you have no more money, but that will teach you to jump in high after a 600% + run.
This company is very close to annoucing something big, either funding for test drills, the start of test drilling, or a JV or something else. It might only be a few weeks away, it might be only a few months away, but it wont be all that long. When that news hits, say good bye to these prices for good.
Also, please keep in mind today is friday, it's very common to have a sell off on fridays and today is no different. We have insanely low volume, it's a friday, and theres no news out. It shouldn't be any surpise that the pps is dropping.
LOL at the fact you think they never filed it. Such a n00b! The FDA is quite regularlly this late, maybe this is your first biotech, but it's very common for the FDA to take this long to do anything. They have been greatly behind this whole year.
The restriction is just in buying the stock. All they require is you to call them to place an order for KATX, nothing more. I had to do the same thing when I bought it, not a big deal. It's not like TDA wont let you buy the stock...
Wow lot of crazy posts on here today. First of all, there is nothing wrong with having a site like OTC market bulls promote your company for a few weeks to get the word out. I love how a company can spend money on advertising and buy billboards and tv ads to promote it's self, yet if they spend money on having a large internet site do a company profile and promote it suddenly people start screaming "pump and dump". It's completely ignorant to even suggest such a thing based on the fact that site is promoting this company. Further more, when combind with the rest of the facts about this company and proper DD, no one in their right mind could ever come to the conclusion that this is a pump and dump.....
To me, this is yet another great way for KATX to try and rase captial to fund the all importan test drills. This is a good thing not a bad thing in any way, shape or form....
Also, both investor911 and other well respected people on here have been trying to say this isn't KATXs doing, but it's a 3rd party company doing this on their own....
Ok lets be honest and real here, this IS KATX doing this. It makes no sense for some random company to spend 50k on advertising a company on their own for no reason out of no where. Please don't try to pass this off as something like that, it defies all possiable logic.
Let me explain to you where the "3rd party" term came from. KATX is simply using some sort of advertising company that they hired to promote them selfs. Again, nothing wrong with that or trying to get the word out about your company. Yes "technically" speaking, it's a 3rd party company that paid OTCmarketbulls to promote KATX, but make no mistake, this is a 3rd party company mostlikely hired by KATX them selfs. AKA KATX is fully behind this.
Again, there is 100% nothing wrong with this.
Now this does bring up some important questions that I havent really seen adressed or talked about yet on these boards. Let me go through these real quick.
Question number one is a pretty logical one, when did this 2 weeks of advertising start? On the site there is no information regarding when this 2 week period of promotion started. If you go to their main page, KATX is still listed front and center, along with other companies. So it only make sense to think that the promotion is still on-going. That being said, some of the key company data like OS and float is from may and aug 09, and is not current, as well as the most recent news from the company is listed as sept 2. Obviously that seems kind of strange that they wouldn't post more recent company news if this is a current promotion, but who knows.
Question number 2 is going to be based on assuming this is still a current promotion. If this is actually a curent promotion, one needs to ask a important question. Why would KATX want to get the word out now about their company? Obviously one logical answer is to help them rase more money to fund the test drilling. But if you dig deeper, we know the CEO has a bunch more PRs lined up and ready to go. These are going to be based on new company news, such as site findings, lab results, etc... etc... But what if, and this is just totally me tossing this out here, but what if the company has some major news they are going to release soon? What if there is a partnership or a JV? What if they already got funding for the test drills or what if the lab results are outstanding? Maybe the reason for the timing is because they want to get KATX out there to as many people as possiable BEFORE they release the big news. That way it will have the biggest possiable impact. Promotional advertising like this is rarely ever a one sided attack. The promoting is usually followed along side 1 or 2 other forms of advertising. In the case of stocks, this usually means a series of PRs with good and new information in them. Again, the CEO has already stated openly that hes got a bunch of PRs lined up, and that they will continue to grow in importance. If you read between the lines like I am doing, it makes complete sense to me that they might have some very important and big news to release, and that it will follow sometime in the next few weeks to coinside with the promotional campain.
What that news could be, is anyones guess. And again, this is just me reading between the lines, but to me at least it seems logcial and makes complete sense.
In anycase, these are just my thoughts and opinions, would love hear you guys take on it as well.
I expect another PR tomorrow, if not tomorrow I don't think we will see one till next week sometime. Will be interesting to see whats in the next one, and if there is any really useful data or info contined within.
I am like you with my average price per share higher than where it's currently at. If anyone had a reason to worry it would be me. And you don't see me panicing do you? If this went sub penny I would love it, I would greatly increase my number of shares. If it went to 10 cents I would love it, as I already have a very nice number of shares. So either way I would be happy.
Thats one reason why I keep saying what this does short term is pretty meaningless in the big picture. Once the importan news hits, this will be well over a dollar. Any short term drops should be looked at a time to nicely increase ones postion or decrease their average pps, and nothing more. Certinly not as anything negative.
This is no pump and dump here, this is a great company, with a great CEO that happens to have a healthy stock and great properties with a bright future.
Again, short term movements of up 1 or 2 cents or down 1 or 2 cents are quite meaningless to this stock. It's a very healthy company, it's a very healthy stock, and any news on a JV, financing or test drilling and this will be .50 to $1+ easy. Low float, low OS + big news = rocket ship!
the good news is, while the MMs might have started the sell off, they are not controlling this stock. They are allowing it to fall on small sells, but also rise a good bit on tiny buys. Again, very health trading going on what is a really horriable day volume wise.
ty brother!
The CEO him self stated that these propterties, specially the handcamp one, have lots of old logging roads in great condition and that it would be "quite easy" to get large equiment in there with out much of a problem.
Why would you want to see the financials for this company? It's a Mine exploration company.... None of these EVER have good financials till they start mining. You clearly sound like you have very limited knowledge on these type of companies.
It is perfectly NORMAL for these to have debt, not make money, and lose money for the first few years. They all do this. ANd guess what, every year there are 2 or 3 of these companies that are in the low penny range that find great amounts of gold and shoot up to $1, $2 or even $5 +. There just like biotechs where they lose money for R and D and testing for years, then get their first FDA approval and they skyrocket.
If you don't have the balls to stay in fine. But most of us do here. The CEO has done nothing but look out for shareholders and do his best not to dilute the stock. The stock has a low OS and very low float because of this. The company is quite healthy, and as someone who has watched and been in many mine companies before, this one looks alot better than any other one I have seen, including the companies that have shot up over 2 and 3 bucks.
Theres been NO smoke and mirrors so far, and the fact that you belive this shows your lack of knowledge on these types of companies. Of course this company is broke, the CEO him self has had to use his own money to continue to fund it at times. This is the nature of the business. In fact, the CEO will answer questions about his company fully and directly when you call him. Many of us have, he doesn't dance around the question nore hide the details. He very openly talks about all of the details of the company and answers your questions fully. Hes a very transparrent CEO.
We already know they don't have the money to drill, thats the last thing they have to do right now. All the PRs they have put out have had great information and data in them. They have done tons of sample tests all over their sites. This is not "smoke and mirrors" this is actual research which HAS TO BE DONE. The test drills are the final part of the puzzle and they shouldnt have much trouble securing funding for these.
The sites this company fully owns are quite amazing. There is the possiablity of increadable amounts of gold and other valuable metals in the ground. They are quite literally sitting on a gold mine.
Again, let me provide you with some much needed insite on these types of companies. All mine exploration companies are in debt, broke, and or have very few funds for the first few years of existance. This is normal. Financials are COMPLELEY MEANINGLESS to these companies. Everyone should and does know these companies are losing money, and expect them to. The reasons people get in them is that when they actually strike gold or other metals, they sky rocket because they suddenly make an insane profit.
The BIG difference is, most other mine exploration companies don't have properties that look anywhere close to exciting as these. In fact, the mine companies this year that shot up in PPS didn't have properties that looked good this. Also, the other BIG differece is, almost all mine exploeration companies have fully diluted their shares, have a massive OS, and a massive float.
KATX is one of the very very very few that doesn't. You clearly need to not only do far more research on KATX, but on mine exploeration companies in general.
tanking on no volume..... who would have thought? If you think this is or has any chance of being a "pumo and dump" stock you clearly don't know how to do proper DD. Guess your one of the ones who bought in at the end of the last run in the .03 to .04 range hoping to make quick money on it.
grrr my magic 8 ball just kept saying "respond foggy, try again later" Maybe it's broken?
if we go under that I would be quite happy as I can pick up more shaers for cheap!
these arnt t trades, you can see the trades going through in real time, t trades don't effect the pps I belive. Regardless of that, these trades are going through, they are sales.
To me this is classic MM controlled sell off, where they drive the price down to create panic and a sell off so they can pick up shares cheap. It will mostlikely spike higher at the end of the day because alot of people will start buying back in at these reduced prices.
LOL now that was funny :P