Retired NYSE Broker & NASD Trader
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M--
I cut/pasted this from your post---
CoreStream has brought in new people but it's kind of weird that this company's CEO is the former Investor Relation guy for Zealous.
M--Do you have a link to the above??---save me some time???
Chris Rainbolt, CEO
Chris comes from a family that for three generations has played a role in the oil & gas industry primarily in Oklahoma and Texas. Chris now follows in those footsteps with a personal dedication to oil & gas. Most recently he founded and was CEO of Rainbolt Group Consulting which was focused on the investing in and the financing of oil & gas opportunities. Prior to that, Chris was the managing director of an investment banking firm on the West Coast, as well as a partner is a successful Fund of Funds hedge fund. A graduate of Oklahoma University in Finance, Chris has recently moved his family, including his three children, from Norman, OK, to the Dallas, TX area in order to establish CoreStream Energy in a very important hub for energy development and management.
The company has had a change in its leadership and Directors in conjunction with its name change to CoreStream Energy and its new business direction. Resignations from Milton "Todd" Ault III as the CEO and Director and Michael Edwards as a Director have been accepted.
M --- I will find out if this is an immediate acceptance ,, and if so , then why is he still listed----and if it is a resignation effective 9/30/2010----as I suspect it is---
Now--the following paragraph is a cut/paste---it says ALL,,, as in ALL the assets. Surely you will comprehend this without equivacation----this means nothing left of the old company...it is ALL gone---and I believe that this includes the old mgt and directors----a new start in oil and gas --energy----new people
All the assets and liabilities of the previous operations of Zealous prior to July 22, 2010, have been placed in an escrow account where all distribution and resolution is proceeding under the guidance of Mr. Lew Graham.
I will post as soon as i get some facts re: AulT
cheers
art
Well today was interesting , to say the least--
20 million shares traded starting at 2:45 PM and completed in about 15 minutes at 3 PM
Another interesting point is the puny little 500 share trade, right in the middle---
Looks like some body had $15K to spend on ZLUS shares....unless they bot everything after the .0005 trades, cause they were mine.
I had an order sitting at .0005 and got a partial fill and off it went--- the rest of my order is still sitting there and I have a funny feeling I might need to improve my price , cause it possibly ain't never gonna get back down there---
But, we'll see what what happens in the next few days--maybe this was just one person establishing a position ----
Even so,,, the MM envolved is probably short ---big time.
cheers
art
Looks like someone bot 10,000 shares at .79 in three partial fills--4k,5k,and 1k
Why would someone spend $7900.00 for this stock??? unless they knew someone or something about HC----
art
'M'
thankyou
Art
That's fine---
But, How many phone conversations are made by investment analysts to the "PAID" employees and CEOs of companys to get information---info that they use to solicit business and money for investment ----
I do not think that re-hashing this old dead horses is spending our time in a worthwhile manner---
Also,,I do think that if a mistake has been made and an explanation given ,,,then accept what has been given for an answer and proceed---
If it proves that the explanation was incorrect, then cross that bridge at the proper time....
If you or some people want to sit around on the deck of a sinking ship due to bad mgt---your decision---but the previous bad mgt was obvious a long time back with first lawsuit--
Cheers
art
Perhaps they will "skyrocket" ,,, perhaps not--
Perhaps they will "plummet",,, perhaps not---
If there is large blocks put up for sale, L2 will show it , and then most probably the buyers will step back a little and watch,, see what happens---if nothing, then in my opinion the pps will begin to "tank" ----until the buyers put a stop to it--
On the other hand,, if L2 shows plenty of support and buying begins in earnest---then it will begin moving up until the sellers put a stop to it
Then on the side of the coin is the "news"----if Ken puts a really nice momo PR out,, then mabe it will "skyrocket" as you say---
Anyway,,, I am here for the longer term---not selling if it skyrockets and if there are more like me , then that will propel the pps even higher as we will cause the float to tighten,, and it is already skinny.
Cheers,
art
Muckrakin
You are entitled to your opinion----we have read it ,,,several times.
Perhaps you could visit with Gary Patterson, 714-369-2933--or email him @ ir@corestreamenergy.com
Ask him to clear things up for you---or just forget about it--- and let's move on to current potentials for the new company---
Cheers,
Art
Gump
The only clue as to knowing is the MM on the same side of the mkt over a long period of time and his volume of trades on that side--
And , still that might not tell either
cheers, art
GUMP
I am inclined to believe that this is more likely---a seller or sellers who are lightening their positions.... I do not believe there is an "active" shorter at this level on KATX---
or ever was---
also we could have had some MM shenannigans the past weeks---as in selling back and forth to each other---
cheers , art
Hey Guys,,, Can we drop the subject of AULT ???
He is of the "other" company
He is history,, as in gone,,,, bye, bye
Let's have some discourse on the propects of success
What are you investors looking for ,, and why ???
Cheers, Art
I am a new long here....as of a couple weeks back---
HomeVendor
Your post----Here is where I struggle to understand the strategy. What would be the point of doing all of going through all the pain and expense of buying an OTC shell for KATX to reverse merge into, and then immediately afterwards stop trading as a publically listed company to become a wholly owned subsidiary?
KATG uses their money to purchase a Shell corp, named XYZ whose shares are OTCBB listed for trading-----then the XYZ changes its name to KAT Copper---then KATC acquires KATX on a one for one swap----
You now own 5000 shares of KATC , which is trading on the OTCBB---
Look up holding companies---see the benfits --
cheers ,,Art
It would not surprise me to see him as a director-----because he probably owns a small ton of shares---and it would be smarter to keep him around and happy,,,instead of "Pi##ed off----
As a director he would only be offering "suggestions",,, not making decisions ----and perhaps he has some contacts that could be helpful to the company's progress---
this company ain't exactly a blue chipper-----yet.
cheers, art
Why???
What is there that makes you hopeful???
You did you DD before investing , right??? So what has hanged???
Art
This is a much better post from you,,, and certainly a high quality of re-enforcment as to why we are investing in KATX--
I get tired of everyone continually saying that the fact the pps is in a downtrend is all MM manipulation----
The MMs can see when there is a huge supply of stock overhanging the market,, and yes he ( they ) can take advantage of that--and yes, they do---
Several posters have shown evidence of earlier accumulation and subsequent dispersement---and there was and probably still is some MM manipulation going on here----but that is not what is driving this pps ----
And I agree with several of the posters saying now is a good time to to either buy in or re enter for a substantial increase in the pps ----and take advantage of the inherent MM manipulation along the way--
Fundementally -- WE GOOD!!!! Chart wise -- we pretty good for a move up...
Cheers,, art
Gump
I am surprised at you---
You know as well as I, that if they said "drilling will start Monday , Sept 43rd at 0800 GMT ----"murphy" will interfere and cause an infuenza attack and they would all get sick ,,,
and you would be on IHUB posting a diatribe ---and
Calling them all kind of dirty mining names---
This post is totally off base ---you should not post messages like this ---if it is your opinion, then say so!!! Say that this is just your opinion----
You have no facts and you have no experience in the machinations of market making ---your posts prove that--
You're acting emotional and irresponsive---
Have you ever been in the back office of any trading firm??? Have you ever sat in a chair at the trading desk???
Just because the pps is declining does not mean that it is manipulation----
And there are no tapes!!!! That was Nixon, several years back---
Art
Message to the Traders ( flippers ) and Investors ( Longs )
When I was active as a broker for F. I duPont---an NYSE firm that discouraged inexpensive stocks,, as too speculative for our clients, ---probably why they went broke and merged---4 times--
I encouraged my flippers to do their "thing"--just don't announce it---we did not have computers or the internet --you know "stone age" or "Neanderthal times" to most of you,,,,,,
and to my long term investors i encouraged the buying on dips, and sell offs----build a position over time ---as it takes time to build a company---at least 3 to 5 years,,,, and to evaluate ( do more DD ) every 6 months
I say the same here----evaluate what you are doing and why,,, then act accordingly---
It is not necessay to announce , blather , and attempt to influence others --and it is very easy to do in this fast moving and inexpensive trading----
If you bought into KATX and Ken Stead as builders of a profitable company for the future---then relax and view this as a wonderful opportunity--
Even for you traders---it is an excellent trading opp..
Cheers,
Art
Geo-newfie
This ia an excellent post----
a very knowledgeable and explanatory post--
Thanks,,
Cheers, Art
PS---Going to print and give it to my wife of 45 years----
What are looking for??? short term target?? or Long term investor??
Seems pretty cheap and lots of selling pressure----??????
art
What is comming???
In you opinion--
art
Doubloon
No phone for the TA
But I got a nice email from Gary---and yes, he is up to speed-I am waiting for permission to post his email--
But, he gave me 350M for a float and a 958M O/S ,, and a CC comming this Wednesday---
Are you going to be listening ????
art
Balihi
Are you deliberately trying to be obtuse???
The 161 mil bvig shares is derived from the OS of KATX,,, every 4 shares of KATX O/S = 1 bvig share---you know ,,take the total KATX S/O and divide by 4---you get the 161 mil or there abouts
Then the bvig shares will be given to the shareholders of RECORD-----all 161 mil of them
Please reread my previous post---
They don't know who or how many shareholders--
They don't care-----
They know the OS,,, that is all they need to know to determine how many shares will be distributed---
The share holders of RECORD will get all 161 million shares--
What they do with them is no concern to KATX
Enough awready!!!
art
Balihi--
You're right---they do not know the number of shareholders----
And they don't care----
They know the outstanding shares,, the O/S---
That's all they need to know as for quantity of shares---161 M
They will be dispersed---to the known share holders of record---all 161 million
When Fidelity gets theirs and I have 6 shares of KATX, I will get 1 share of BVIG and my wife in her separate account has 6 shares of KATX, she will get 1 share also--
Fidelity gets 3 shares b/c they had 12 total shares of KATX---who gets the other share????
I don't know ,, but KATX distributed it----I suppose we pose the question to the Brokerage firm---
Cheers
Do you know the current corporate structure---capitalization???
I have emailed them twice with no reponse and no one answered the phone when I tried calling---
Trying to see if this is going to be a reverse split---
thx, art
Breakout--
I am not able to PM--
But in response to your question about what KATX got in return for HandCamp---
They received 161 million shares of BVIG common stock,,, of which they distributed to its (katx) shareholders on a 1 for 4 distribution---
On the books---they might chalk it up to "Good-Will"
But legally since we were all compensated for the loss of Hand Camp as an asset---we can't complain----or can we???
cheers, art
Balihi
The float is not some magical amount of free shares owned by nobody---
The float is owned by shareholders willing to trade at some point in time---
They are the non insider and non restricted shares from the OS--
If I sell 1 share there is another side to the transaction---the buyer of record----
If the MM has been buying for his own account , And he has a long position on Date of record---then he will get the divvy shares
Most of the time the MM acts as an agent---not as a principle--
cheers art
oh yes!!!!!,,, are u kidding?????
I did not say "owed"
I said owned---the OS is owned, in its entirety,, and those that own get a one for every four---if they owned on the 16th
and that eats up the 161 mil shares of bvig
I have had 4 different firms---not one has ever sent anything re: my trading accts----and I have never received a 1099 from a broker--
I get a full quarterly statement and annual statement from Fidelity where I am currently ----
First---you do not have the current , correct number of shareholders of record---
You use the current OS for the distribution,,, as the entire OS is owned.
And every 4 shares gets one share of BVIG----
Just be glad you aren't doing the "paper work" and finding who owns and who gets shares.
The day of the trade is day ownership is established--
The brokerage firm does not report to the IRS---they report to you and you report to the IRS---
art
Wrong---
if you sold on the 15th or the 16th---the buyer would get the divvy shares---
art
BALIHI
Your basic assumption is incorrect----
The 1 for 4 was based on the entire OS of KATX----all the OS is owned----that's what makes the 1 for 4 equal 161M
"""Ok,change the numbers,make it 10 shareholders,each owning 500,000 shares of KATX,how do they distribute 161 million shares to them??"""..............Balihi,,,YOU DON"T !!!!
You can't just change part of the equation and expect the same answer---The OS is not 500k shares!!!!!!
cheers
art
Please post the link to the 8-k you keep referencing---
Instead of your interpretation, I would like to read it for myself...the 8-k that you are referencing
thx, art
Bad question--
But, is your point "fractional" shares???
art
Read the PR
1 for 4
641 divided by 4 = 161
all will be distributed---
some will get many,,, some will get few
cheers
art
PTI
All 161 million will be distributed to the 100 shareholders of record--as some will investment firms with many accounts holding KATX---
cheers
art
NO---They are not KATX shares---they never were---they are BVIG shares and KATX will be acting like a "funnel"---for those shares ---as they will be comming to us..
cheers, art