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Don't you see the accounting work now to figure all this out because of the HUGE time delay ? This is going to be a laughing stock and many many people will be getting very very angry at these clowns.
What does this mean -- " Adjust KATX by 0.023 " ?? What I do see right now is yet another HUGE can of worms with more questions to be answered. Gonna' be a CIRCUS !!!!!!! A Gong Show !! Charges of FRAUD and perhaps class-action suits. Say you were on the record and you did sell last November. You can say that the company did not tell you you had to hold the shares until there was an Ex Date announced. No one seemed to know the ruling on this and you could not find out. YOU COULD SAY YOU WERE DEFRAUDED. NEVER have I seen such IDIOTS running a public company. What a hilarious show. And continuing next week.
This is a FIASCO !!! It DISTINCTLY said in the ha ha S-1 that if you held shares on Dec. 21, 2011 YOU WOULD GET THE SPIN OFF !!!!!!!!!!! It said NOTHING about you had to hold your KATX until the Ex Date was announced. Can you say HIGHLY HIGHLY AMBIGUOUS ?? These dopes are very very incompetent and they keep proving it. And usafa was one of the few who stuck to this scenario. And now - here we are. WHAT A JOKE !!!!!!!!!!!!!!!!
OOOOOH !! May be S to pay over that. See - we had discussed that and did not come to a consensus. NOW we know. Gonna' be a lot of unhappy campers. What a Buffoon Show !!!!!!!!!!!!!!
Tolja' !!!!!!!!!!!!!!!!!!!!! Didn't I ??? Late filing again -- Purposely I would say !!!!!!!!!!!
Well there it is again. LATE FILING !! Normal for these people. I can't see why it would take 90 days to put together an Annual Report for an insignificant little Company THAT NEVER DID ANYTHING. AMAZING I would say. I think Ken continues to hide something from his still-loyal Shareholders.
Tic Toc -- Tic Toc -- for the Clown Show. 5:42 P M in New York now !!!!
Wha' hoppen' to da Stickies ?? Sumpin' goin' on !! LOL.
Tic Toc. Tic Toc -- on late filing AGAIN. Something's gotta' be done to-day -- or it's late again. That Oregon guy is a Hoot !!!!!!!!!!!!!!!!
This is how it is -- KATX owns the Spin-off shares -- KATX GIVES them to Shareholders of Record -- KATX is also a Shareholder of Record -- so it gets back SOME of the spin-off shares -- it LOSES ALL THE REST. What part of all this do you not understand ?
The spin-off is BAD FOR KATX. They are giving away assets for no compensation.
You can be sure there is an info leak if that is the case. ILLEGAL !!!!!!! These guys are sooo crooked !!!
NOT for their smelter specifically. They do not need them. The bulk of the smelter feed will come from Voisey's Bay. They may or may not accept custom concentrates from other locations. They are an integrated mining company and do exploration work all over the world. Why wouldn't they look close to their new smelter ? But you know of course that they did an option type of agreement with KATX and they have since pulled out of it. Remember that theeeee main talking point on day one here at KATX was that KATX had scooped them by staking the North Lucky. Then they quickly surrounded the North Lucky. This was fantastic B S promotion for KATX at that time. Now it's all down the drain. They even put a Bulls Eye on it. Turned out to be the other end of the Bull didn't it ? But it WAS Bull droppings. LOL.
These goofs have to file something to-day. Maybe they will even be late filing that they will be late !!!!!!!!! Hilarious !!
Aw we have been over this Vale stuff innumerable times. Their new smelter HAS ABSOLUTELY NOTHING TO DO WITH DINKY NEWFIE PROPERTIES. They were made to build it where it is by the Newfie Gov. in order to get permission to mine at Voisey's Bay which is in Labrador. Shee - Eesh !!
We shall see if they break their pattern of being late this time. What I really mean is -- if the Year End is November 30 how come it takes the FULL 90 days to get a tiny tiny report prepared for a tiny tiny Company that does very very little. WHY wait the full 90 days ? This is what I meant by Mickey Mouse or rinky-dink. They play TOO MANY chintzy games !!!!
DON'T SAY I'M WRONG !!!!!!!!!!!! You misinterpret what I write. There has been nothing official since August 31. Tomorrow TWO QUARTERS will have passed since then. If November 30 is Year End then they have 90 days to report - which brings us to Feb. 28. Q-1 report is not due yet but it will be ended tomorrow.
I make it 2 Quarterlies are yet to be reported. It goes August 31 which we have - then November 30 which we don't have yet - and now the new one - February 28 - coming soon ?? Late as usual !! Very very Mickey Mouse !!!
Isn't there some kind of a filing due by tomorrow ? I'll look for it.
See if you can find out if Pink Sheet Companies are EXEMPT from filing EVERYTHING. In that case Mr. Stead and his Brother can hide their actions successfully. I'll bet that is the case.
The TRUTH will not be known until KATX gets an audit or until the T A comes clean. We may not see these 2 things happen.
ALL of that is unaudited !!!!!!!!!!!!!! Believe it at your own risk. Plus it is horribly out of date.
KATX HAS NOT SOLD WHAT ????????????????????????????????? KATX IS THE COMPANY !!!!!!!!!!!! Doesn't the increase in the ISSUED mean that KATX actually DID divest of shares ? Those Mickey Mouse financials they put out ARE NOT AUDITED !!!
By the same token then -- they don't have a deal with Noble either. Touche !!!!!!!!!!!!! LOL.
Maybe BVIG does not even have clear title to the Ekom Eya. Maybe Brookes goofed. TITLE is the most important thing in this business. WHO then is the REAL owner of the Ekom Eya now ? There are 3 contenders ( remember that it is you who first sowed these seeds of doubt ) - they are - Noble, the shovel & wheelbarrow guys, and BVIG. What a joke !!!!!!!!!!!!!!!!!!!
Oh but I am interested in this stock. I think it is a huge con game and I don't like to watch innocent speculators getting sucked in to a share selling business.
Oh ?? So what you are saying is that there are stock players out there who PAY bashers ( in shares or cash doesn't matter ) to knock a stock to make the price go down ? Why would anyone want the share price to go down ? Ans. -- so they can cover a short - or - get cheaper stock because the Co. is good. One would have to be a big big market player to afford to PAY anyone. Maybe there are big groups around that DO pay bashers but not in the penny stocks because the rules make them too expensive to short. And by the same token most penny shares are NOT good in the first place. You may have ' READ IT ' somewhere but I've never actually seen it proven. Meanwhile back at the KATX ranch who is it you think may be paying the bashers here ? SURELY not M M s. That's absurd. NOBODY pays ME in any case. Do you even realize what you are insinuating ? Whereas paying pumpers and touters is as old as the market itself.
Let me explain further. KATX must ensure that enough BVIG CERTIFICATES or BVIG credits to fulfill the Spin-off get delivered to the Transfer Agent. The T A adjusts HIS records - but some BVIG certs will be cancelled in the process, and NEW ones issued in a different name. Some people think that in this digital age it can be done in a flash. NOT SO. The system is still using paper certificates that have a Cert. Number on them.
mappo - It is FIFTEEN months since they decided to do the spin-off - FACT !! And I said it will be the brokers who may drag their feet reporting in to the Transfer Agent. The Transfer Agent DOES NOT KNOW WHO THE BENEFICIAL OWNERS ARE. The brokers do. Please try to understand this stuff.
This S-1 distribution can get pretty icky. It depends on the speed at which the brokers will look into their books and report to the Transfer Agent. Most of them probably won't care and some will drag their feet. Ultimately it will be up to the individual Shareholder to ' bug ' his broker. I don't think there is a hard and fast time limit here. I can see it dragging on some more.
I don't know about Naked Shorts or I O U shares but I just can't see the ' SYSTEM ' letting millions of this type of share build up un-noticed. Here is the Short Report --
http://www.otcmarkets.com/stock/KATX/short-sales
THERE HAS NOT BEEN VERY MUCH SHORTING DONE ON KATX !!!!!!!!!!!!!!!!!!!!!!!
mappo it's not done until the shares are in the individual accounts and can be sold. Are any shares in yet ? No !! So it's not done yet is it ? No !! LOL.
ANY Company that is ANY GOOD does not need to pay for stock touts and pumpers. Nor does it EVER get concerned about those who are negative toward the Company. I have recently been personally bashed time and time again and my answer to that is ( Remember I have been in Ken Stead's position many times in my career in this biz ) - if ONE basher on ONE stock board can influence a Company's share price, that Company is not very good. Good C E O s in good Companies don't even give bashers the time of day - for one second !!! Ken Stead personally tried to shut me down at the start here. Ask yourselves why.
Do you and the rest of the faithful here not realize that it has been FIFTEEN MONTHS since the KATX Directors voted to do the spin-off ? AND IT'S STILL NOT DONE !!!!!!!!!!!!!!!!! Shows you what a Buffoon Show this really is.
The truth is coming very soon now. And it's not ' options ', it's OPINIONS. LOL. And the Ekom Eya MOST DEFINITELY IS NOT A PROVEN GOLD MINE !!!!!!!!!!!!!!!!!!!!!!!!!! If it was it would be working right now. And I don't mean by a bunch of guys with wheel barrows. LOL.
Yes stinger - until shown otherwise I for one most DEFINITELY believe that Ken has paid and is still paying a group of scum-bag touts and pumpers. In shares. And I believe he has the audacity to try a SECOND PUMP using KATG and the Ekom Eya. But I know from my own personal contacts in the exploration business that the bloom is now off the rose for raising money. Right now it is tight tight tight. It was always cyclical. This is a down cycle now.
mappo - further to my last post - and this COULD happen. When the brokers collectively put their holdings together for that Record Date ( they do hold clients shares in their name at the T A ) the grand total for everything in KATX will come in higher than the true Issued and Outstanding ONLY - ONLY - ONLY - ONLY if there was really Naked shorting. ( This naked short selling has been one of my favorite subjects in my more than 55 years in the market ). This here now with KATX is like a cert-pull. ALL the cards get counted. IF - IF - IF - the total count comes in higher than the O S -- THEN - THEN - THEN - there WAS NAKED SHORTING. It's like an audit. Or like the old game of Musical Chairs. I'll say everything will come in fine because there NEVER were I O U shares in play at KATX. This will be very interesting. This is # 3 for me personally and recently in following something very closely concerned with possible Naked Shorting. Genemax was the first -- and the shorters in that one WERE exposed. The second one was CMKX -- the verdict there is still out but they did the BIGGEST cert pull in penny stock history. And now this one - KATX - where mappo and some others say --- I O U shares by the millions. Fascinating subject.
You obviously have not been following this. The Brokers collectively are given the mandate to look at their accounts for that date and report to the transfer agent. When the total holdings are finally in - the total BVIG to be spun off will be divided by the total number of KATX shares reported in by the brokers plus the number held by private shareholders who have their certs at home. The FINAL BVIG / KATX ratio will be determined by that. NOTHING AT ALL TO DO WITH TRAPPING ANYONE OR NAKED SHORTING !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The S-1 was solely to announce the Spin-off correctly. And it still took them 7 attempts because of lawyer ineptitude. ABSOLUTELY NOTHING TO DO WITH I O U s OR NAKED SHORTS OR SHORT TRAPS OR CROOKED MARKET MAKERS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Are you building a case mappo - or just hallucinating ? There is something similar being kicked around at CMKX. Big big short traps. Hmm !!!