Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I don't think that type of data is relevant any more now that the KAT is out of the HAT. After this current KATG debacle is sorted out KATX will be virtually DEAD. The Stead action will switch to KATG and a new owner will probably take over the KATX shell after rolling it back HUGELY. Those are my opinions.
So -- the curtain is going up for the last act. Let the KATG games begin. Such fun !!
One thing I find amusing .. DEAD SILENCE coming from the 2 Companies so far to-day. This however is normal for these Clowns.
Somehow I have a problem to reconcile the pay day coming before the Ex date. So in one interpretation like this Carlos guy you could get paid and sell your KATX on the SAME DAY ????????? The rationale being that the KATX price tomorrow should normally be lower that it is to-day. No I am not trying to make a circus out of this - IT ALREADY IS !!!!!!!!!!!
In this next very short term it will be interesting to monitor the bid on the BVIG / KATG. Action should be showing up there any time now.
What a circus this is going to be !!!!!! Only in Steadland, you say ? Pity !! LOL.
As they say -- it will be a race to the trade wicket.
EVERYONE is confused and those who say they are not are telling a fib. I'm glad to see that table again.
Now answer this pls. -- if to-day really is pay-day and tomorrow is Ex day -- could I buy to-day and get paid too ? Hilarious !!!!!!!!!
Somehow I doubt that statement, carlos.
I believe there is still confusion. Some person is saying he has his BVIG shares already. Some say you can buy to-day and GET the bonus because Ex date is tomorrow. I thought they said the pay date was later than the Ex date and yet this person says he has his shares already. The volume tells me that most players are very cautious because of the unknowns we still have. One thing about the Ex date being tomorrow -- if you bought to-day and think you would get the divi, you have to remember that there are now TWO classes of KATX in play -- some with a Due Bill attached and some without. Good luck telling your Broker to buy you those with Due Bills attached. He'd probably laugh in your face. What we have right now is an anti-climax after Friday. I thought there would be more volume already. I think a lot of people have finally seen through these Ken Stead smokes and mirrors. This is still JOKESVILLE in my opinion.
Trouble here is these Bozos got the sequence all screwed up. The whole thing sucks and we are all waiting to see if they can fix it.
Ha Ha - I don't think this Spin-Off could be any more screwed up than it is right now. A Ken Stead FIASCO !!! This of course is not the TSX.V but if it was the trading would be halted on Monday - Pending Clarification Of Company Affairs. It may even happen here on the Stink Sheets. I am really looking forward to this coming week so we get some more truths.
THE COMPANY SHOULD HAVE CLARIFIED ALL THIS LONG LONG LONG LONG LONG AGO. And they never did. Shame on them.
It's too bad we can't get someone to visit with Ken. His demeanor and body language would say a lot. He may be in big trouble. Very few people can bluff their way through that.
Yes it's looking like there really are 2 classes of KATX stock in play now. Shares that have a Due Bill on them and shares that are now being called Dilution Shares that will NOT participate in the Spin-Off. The mind-boggling problem for all those inept, lazy, non-caring, and indolent Brokers is going to be how to determine which shares are which and who is going to get the Due Bills and who is going to be S O L. Lots of shares turn-over in trading several times in a year. The Brokers are going to hate Ken Stead over this.
I would like to throw another pair of overalls into Mrs. Murphy's chowder. So Joe Sixpack sells his shares that he owned on the Record Date -- THE MARKET MAKER BUYS THEM !!!!!!!! ( As he is permitted to do ). How now - Brown KAT ??? I can see this as yet another complication in this HUGE mess. So now -- try tracking electronically after the M M buys Joe's shares with the Due Bill attached. This mess is exquisite. Real entertainment. I'm luvin' it.
In the cold hard lights of truth and reality we are surely going to find this out - probably next week - who is correct and who is not. The lines are drawn up. Pumpers and bashers. Let the game begin. Ha Ha. No good of going over and over and over and over on the same OPINIONS. We all know how everyone else thinks.
Ken can't even hire capable lawyers. This is one heckofa' huge mess now. Never before seen apparently. I like that part where the Effective Record Date could NOW BE THIS MONDAY. The big ' sin ' was KATX not clarifying any of this before now. They acted like Silent Sam ( Snead !!!!!!!!!!!!, uh - er Stead !! ). There won't be too many who still have the same shares now as they had on Dec. 21, 2011. Some - yes. But those who sold some in 2012 will not be happy campers.
Luv' ya' Jim but that is not the final final word. They have made SUCH A MESS out of this. The HUGE HUGE HUGE problem is the long long time between the Record Date and the Ex Date. More shares were added in that long period and the investors now do not know which shares qualify for the divi and which don't. Actually what you are inferring in a round-about way is that THIS MONDAY is the Record Date. The S-1 LIED. Have you ever seen such an amateurish mess ?? I sure haven't. Good to see you again. Glad you are enjoying the entertainment. I am.
When one writes about something having something attached to it like the Due Bills in this case with KATX he is probably thinking about the actual paper share certificates. Trading no longer goes like that. When you buy, you buy Credits backed by certificates at the Depository. You can't physically stick a Due Bill on a book-keeping credit that goes into your account statement after you buy it. And that part about all shares of KATX bought in 2012 and 2013 qualifying for the Spin-off IS ABSOLUTELY ABSURD. WHAT A PILE OF BULL - AND SUCH A NEW MESS THESE FUNNY PEOPLE HAVE NOW CREATED !!!!!!!!!!!!!!! I am ROTFLMAO !! Rolling on the floor laughing my anatomy off !!!
Yes I do agree. It is now put-up or shut-up time for KATG. It's going to be a hard go without some new positive news to chew on.
O K Gang -- Let's hear it when anyone sees BVIG s credited to their account. Watch the trading on KATG / BVIG from here on. If things were normal with his funny group we might see an announcement of a new financing for KATG this coming week. I wonder how much latent buying there is for KATG. Now there is going to be a bit more liquidity. We shall finally see.
Too much B S here now. Posting is addictive. So here is an opinion of mine. I believe that ownership on the Record Date IS A MUST qualification for the Spin-Off. I now believe that you had to hold that same stock right up to to-day. If you sold any of that stock last year you are not going to get the BVIG. I can't see how they are going to reconcile this Due Bill thing if a person who buys it was not a KATX Shareholder on the Record Date. There is no fit here because I think the holding of shares on the Record Date over-rides everything else. It is a MUST qualification. Welcome to Ken Stead's World. LOL.
No realistic share price for KATG has yet been established because of the many unknowns yet to be clarified so that it can trade with some liquidity. There's a long way to go yet. There is going to be a new financing for KATG and nobody yet knows how many new shares will be Issued and at what price. This has become great entertainment. Meanwhile all properties SIT DORMANT. Stock market games apparently are more important than looking for minerals. LOL.
Nor should you jump to any conclusions. This is now a convoluted mess and nothing has been clarified for us yet. The only ones who can relax are the ones who had X KATX shares on the Record Date AND DID NOT SELL ANY OF THESE SPECIFIC ONES DURING ALL OF LAST YEAR !! It's a big question mark for everybody else. The really mixed-up point is that there were more shares ISSUED during 2012. This in effect makes 2 classes of KATX in play --- those that may have a due bill attached and those that DO NOT or WILL NOT !! The Brokers are certainly not going to be happy campers - being put to so much extra work to unravel this stupid knot that Ken Stead has foisted upon them.
Thanks 74 -- what I am seeing now is a huge amount of confusion in this matter. It was all contrived and handled by the Stead gang HORRIBLY !!!!! I have never witnessed such a dog's breakfast. I think it was all garbled up on purpose. I think we are going to witness huge whining next week and eventually class-action litigation against these idiots for FRAUD !!!!!!!!!!!!!!!!!! Very very serious stuff.
BOY THAT CERTAINLY WAS HUGE -- 17 trades. Dollar value $6000. WOW !! Eyes might be looking but wallets ain't. ROTFLMAO.
Just for laughs go in on Monday and tell your broker you want to buy KATX THAT HAS DUE BILLS ATTACHED. NOT the other kind that does not have them. So what some are contending is that on Monday there will be 2 kinds of KATX stock available for you to buy. You might get lucky. This whole thing is ABSURD !! Maybe your broker will be able to explain it. Oh gee - I forgot the 3 day settlement rule. You may be S O L on Monday. Better still - phone Ken and ask him what the heck is going on.
I doubt that. When you buy -- you buy CREDITS. In the olden days you used to see couriers moving from one brokerage house to another with briefcases with stock certificates in them. Not any more. If you do a buy - you get a credit in your account and it is a nebulous thing. So how can you put any kind of I D on it ? I think we are going to see ONE HUGE FIASCO to get this Spin-Off completed.
You are wrong. You have to do more than having them on the Record Date - you have to still have them NOW !! Or that is one of the current scenarios. The Company has not made it clear.
You see - this is because the BVIG is SO PHONY and rated at $0.07 in this horrible mess. This means than 1 BVIG at $0.07 = 3 KATX at $0.023. And they are GIVING AWAY the BVIG, thereby reducing the value of KATX. The math does not fit -- basically because they have used $0.07 for BVIG -- which is an astronomical JOKE !!!!!!!!!!!!!! Do the math the other way to get some kind of an idea where the price of BVIG might fit. I gotta' go to dinner and I'm outta' posts to-day. Gonna' be a lively week end on this Board !!!!! Have fun.
SEE !! You are as confused as all of us are. Some say if the person sells he no longer is eligible for the BVIG shares, period. And others say - if he sells he OWES the BVIG shares to someone else. I'm predicting mini chaos. It will be a nightmare.
Boy oh Boy oh Boy --- Suppose the MM bot the shares in question and they went into his inventory, Then he sold shares to new retail buyers. How does he know which retail buyer bought which stocks. Do you not see my point ? You CAN'T track individual shares --- IMPOSSIBLE !! That would mean pulling certs and sticking on a Due Bill. Again IMPOSSIBLE. Certs are almost redundant to-day.
Then how is it decided WHO will actually end up with them ? If Lettered Stock could be used it would be O K. But I hardly think this is the case here. Can you not see how complicated this is going to be ? Computers or not. And here is yet another complication. On the Record Date it will be simple to find out just who DID have shares. This then establishes the Ratio. But more KATX shares were issued during the summer of 2012 -- SO THE RATIO WILL CHANGE. This boils down to tracking individual shares and I don't think that can be done. I don't think it is possible to distinguish one share from another when they are all lumped as accounting credits. WHAT A MESS THIS IS GOING TO BE !!!
I find this fascinating. Those who held shares on the RECORD DATE and did not sell before the Ex Date are in the clear - no controversy. However just say you had 3000 KATX on the Record Date and some time that summer you sold them and never bot any back after that - YOU WOULD OWE 1000 shares of BVIG TO SOMEBODY !!!!!!!!!!!!! Or is this not the case ? Boy I can hear the howling already. Not only is this fascinating it is highly entertaining. Or maybe the ha ha REAL RECORD DATE is the day before the Ex Date. Talk about confusing !!!!!!!!!!!
BUT THE COMPANY COULD HAVE ADVISED THEIR SHAREHOLDERS THIS WAS THE CASE ----- BUT THEY DID NOT !!!!!!!!! Can you say FRAUD FRAUD FRAUD FRAUD ???????
When you get it all figured out please tell us. I think it is pretty confusing. There was such a long time since the Record Date was announced - and during that time shares and the credits that go with them get bought and sold many times. It's a Dog's Breakfast. Who will be entitled to what ?
Once again it is disgusting that this new development had to be found by one of our Members - NOT from the Company itself. And some think Ken Stead is a caring C E O. Don't make me laugh !!! WHERE IS THERE A NEWS RELEASE ?????????
Perhaps some are forgetting -- the spin-off is taxable. What value will the Tax Man TELL YOU is the value of the BVIG per share ? CERTAINLY $0.07 is far far far far far too unrealistically high. But you are going to have to pay the tax on that number. ROTFLMAO !!
Perhaps -- but there are going to be a lot of very unhappy people next week. To this day I do not think there is anyone here who truly understands what just happened. Finally WHO is going to get those spin-off shares ? It is certainly not clear to me anyhow for those who sold after the Record Date and those who bought those shares. It will be a Circus next week.