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voting shares which get no vote.. yes i got it.. makes perfect "common voting share sense".
common share holders here have recieved no vote.
no.. just pointing out the fact that your shares as i said correctly are non voting. after which i got chastised for.
i dont need help in being right. what i wanted was to fill in the blanks in case i drop cash here. i didnt need help figuring out they werent reporting either.
one dude broke down the preferred series share breakdown which is what i was looking for.
the rest has just been folks getting proved wrong. i dont understand why one gets all flipped out over it.
and yes if you had such knowledge.. when can we see a statement. thats probably pretty relevant considering there isnt any.
its october 2011. when was the acquisition?
thats right because there is no answer. YOU DO NOT GET TO VOTE WITH YOUR COMMON SHARES... period. show me where.??
yes i can clearly see the emminance going all the way back to october 2010.
really... raise your hand if u voted on the sage mineral deal??
anyone?? no... wha??? no announcement for vote?
how bout the vote on the trans-atlantic deal... lets see those hands?? wha?? nobody??
ok well who voted for the reduced share structure and giving the ceo all supreme power at 1000 to 1??? anyone? somebody?? no..
hmmm..
i mean all these different actions and none were votable? no annoncement of a vote? no financials? i dont get it. i mean usually when a common share has a vote.. um they usually uh ya know get to vote.. i dont see anything regarding a vote at all.
so dude has 2 million 1000 to 1 voting shares plus what 300 mil sitting authorized?
no they're not. and to say so is ignorant. im gonna check it out myself.
common shares are quite often non voting shares.
i read it, however in most cases voting shares more often than not will translate directly to a diluted basis everybody knows that.
anyways thanks for letting me know. still would like to know who else has voting shares. nobody bothered to mention that. i mean if its such a big deal somebody else would have to be a threat for takeover so... who else has em? why bother making it 1000 to 1 at all. unless the company was gonna pay dude with more voting shares for compensation. why not 10 to 1? it doesnt make sense.
if i were an accredited investor i wouldnt touch series a convertibles with restrictions at 1 to 1. that would just be stupid.
ok i get it, what other shares carry voting weight?
i never made the claim. i only said thats what it sounded like. but if what you say is true great.
who wouldnt think that. thats what it means everywhere else.. what i dont understand is why in the hell would you bother obtaining (A) series shares unless they were worth more? who else has (A) shares that dude even needs to be frightened of..? do all shares carry votes here?
he has 2 million "series A" shares.. which are convertible to common at a rate of 1000 to 1 is what it sounds like to me.
i.e he owns 2 billion "common shares".
nice little bank account... anyways something to look out for in the event he does want some spending money.
possibly an AON, or sometimes different clearinig firms will lump in orders of a lessor ask and list it at the same price.
they cant just sell joes shares of 2360 at 039, theyll lump it in at .04 and sell then when theorder goes througgh itll show up as being sold at 039
no i just prefer he not have 2 billion shares that he can sell. who else has series (A) shares? nobody here does im fairly certain. can anyone tell me how many voting shares are available. im pretty sure that the float here is relatively low in comparison to 2 billion. but id like to know how many (a) series shares are out. too lazy to dig through forms. hope 1 of you guys may have a quick answer.
if that were true you wouldnt have a gap today. it would of been in your opinion "a great buying opportunity" id guess.
you had 3 big buys end of day totaling 380k shares. i think those shares will get sold off into the gap tomorrow and after that its a whole new ball game.
so.. ill hush up now. i wouldnt want to repeat myself.
but.. the volume is not going to be "lulling" for much longer. a spike is fast approaching.
didnt dude just day something about series (A) shares holding 2 billion votes? thats not too good either.
Big players are silent when they are about to make big decisions. i hope you're right. id hate to see that happen to you, however, todays action appeared very ominous to me. if you dont hold a range above 007 the "big players" are going to be seen not heard. and those actions are going to certainly be louder than an "ihub" post.
you are flirting with serious losses in short order. just puttin the word out..
listen to the other guys. "this happens all the time" "itll bounce back"
yes i agree, when and where is the question. for your sake id hope for sideways action for the rest of the week and pray for some news. if you dont get it, its going to be a very tough week im afraid. maybe it stays above 006 but if it doesnt its gonna plummet very hard and very fast.
i always look at the charts. and im telling you (tomorrow especially) is a very big day. you had a gap down followed by more selling. you are bumping against a critical support level at .007
that being said your volume has seriously dried up. which means low liquidity. on a stock this cheap folks are not gonna wanna hold for long with the writing on the wall. once you break 007, and if it even smells like breaking .006 a very HUGE sell off is going to happen.
who knows maybe you'll fill the gap early morning. good luck to you. Going to be fun to watch thats for certain.
my guess is up slightly and hold til mid day then sell off below 007 tomorrow, followed by some very scary action resulting in the "real" sell off right about wednesday thursday which should begin with about a volume swell in the 10 mil range id guess.
unless of course you can rally some buyers and get a bullish engulfing or piercing line pattern. i just dont see it holding.maybe you get some news. that would help, but what do i know...
im just some dude.
yes i see that.. very nice 10% red close.
tomorrow is going to be a very important day for you tomorrow. if you dont get news its going to get uglier, and its going to happen in short order.
this is moments from dumping out. .06 looming quickly
Close to oversold here. could be a catalyst heading into tomorrow/next week.
Tuesday was panic. Yesterday gravestone doji at end of downtrend. Today no panic and green. 300k of all up volume
IM IN... WAY OVERSOLD.
No guts no glory. This is not dilution. This was culmination of consolidation and tightening bollinger bands.. good luck to all.. going on vacation bought this mornin
15 total trades at 5700 dollars. is a strong sell? weak hands maybe. thats a stretch given the volume. i mean i know its volitile but the stock is so thin it's gonna have these moves intradaily. im expecting sideways goin into next week. if it gets to the levels your talkin about it wont be there for long.
not happening there too much resistance, its gonna break lower.
I always check the basics before any transaction. And I never "invest" in pinks. I only trade them.. katx is pink top to bottom so I treat it like that. All that assay and joint venture stuff back and forth means nothing to me unless I get lucky and it hits while I'm in.
fair enough.. unproven. but you have nothing recent so im just making the case that they "could" be sitting on information..
doesnt matter to me anyway i dont trade based on this $hit.
i know what exploration companies do. its just not wise to say "unproven" because other than whats released, you dont really know what they have.. gotta get financed somehow so they better be diggin in somebodys sandbox thats for sure.
good night.. be watching tomorrow.
gonna be a wild ride.. similar in scope to today if not bigger.
well you can place a blank statement like "unproven claims" cuz you just straight up dont know. you arent there nor own the co.
your talking about substantial funds.. people with that kind of money generally arent stupid so either KATX would have to borrow at a premium interest rate, and either or reverse split or PR pump to get the share price up to a respectable level that an accredited investor would even take a sniff at it.
or all of the above. you cant sell air, and this stock is very close to becoming "air" like expensive. in other words shares are almost damnn near free..
increase A/S maybe and dilute directly into the float themselves via an offering.. i dont know man lots of options really.. i mean come on we're talkin about the slimy pinks here.
and there is no support until a bottom is reached.
i dont want to average down. but i will definitly buy when i see a bargain.
DISCOUNT BABY...!!!
i dont think KATX has much leg to stand on.. who's gonna finance them? hey im a trader. ill flop a grand or 2 whatever, but 800k??
HEYLLLZ NO. so if they did sell it i would expect, R/S followed by news, or in reverse before trying to dilute into where the price is at.
you just cant do it.. you have no support level, and you saw what 6 million shares just did right?? 24% plummet in pps.
now imagine 800k worth of shares setting off.. no way is somebody that dumb.
that is extremely posible. but very risky
if you buy a stock based on someone elses "pump" or DD and you lose money thats nobodys fault but yours.
doubloon, bafoon, doesnt matter the only persons opinion that matters is yours.
Katx is definitly going to make some people good money over the next 5 days of trading.
and 6 million shares sold is not dilution.
go look at april. then look at today. stock is too volitile to dilute into right now. but i dont own the company soo.. i dont know if they're stupid or not.
its pretty clear to me that the shares being sold were shareholders selling off.
notice the huge volume spike and sell off in april? thats dilution action.
notice the gradual increase in volume the last 4 days? and then a moderate spike today? thats panic.
this is a shareholders bearish move.
you couldnt sell 800k of this thing right now. look at it from the other side.
you are a real player you have 100 grand. would you give it to katx in exchange for 100 million shares of katx at current pps of 01?
I wouldnt. by the time you sold it the stock would be triple zero and youd lose most of your 100 grand.
youd have to be stupid.
youd better hope so. the stock gapped lower and sold off even lower than that. tomorrow is very important, if it doesnt rebound and has another red day i think you are looking at a 25 to 30% drop in share prices over the next 3-5 trading days.
its early to tell. the preesure here has been building for quite some time. it could of broke either way. but the trading mid last week showed definite signs of buckling and fear taking hold. so i sold.
its close to bottoming now. but worse case ill say .006 to.008 short term. and if you make me predict an exact bottom ill say .008
it may have 400 mil float give or take but when 100 buck will buy you 15000 or so shares there are certainly people whom will take that risk.
KATX is very oversold at the moment and it will rebound. tomorrows trading will be key to watch early morning. im expecting an intial sell off to the levels i posted and a rebound to todays close up to.0115
if it doesnt break .01 tomorrow early with buys coming in on the ask it stands to sink.. to the lows i have listed, however predicting a low here in "record low" territory IS VERY RISKY. so im sidelined.til i see something i like.
A BOTTOM WILL OCCUR WITHIN THE NEXT 2 DAYS MARK IT. if it hasnt already
what else did i say today?oh yea.. "sub penny"
whats the share price?
u might wanna re-check that math.
its not .01 x 8= 800%
a 700% gain from today is .08
800% gain would be .09
100% gain= .02
200% =.03
300% =.04
etc
700% gain= .08
ok cool.. here's my theory on your "theory"..
yours is "theoretical" mine is backed by price history financial data and statistics. i.e "facts"
or maybe itll jump 700% and some people will be able to get their .08 cents a share back.
thats your perogative. im all sidelines right now. however a buying opportunity is certainly nearing.