Retired NYSE Broker & NASD Trader
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Thanks Envestor101`
Nice find---Gets old reading the same ole redundant dead horse mumbo jumbo--
Cheers
art
Putting a sale order in has no effect on whether your shares will be loaned out.....Regardless of the price you put up....If they are in a margin account, I can promise you they will be loaned if they are requested---
and if they are sitting in a cash account in STREET NAME, they can and will be loaned out if requested---
To prevent this and to lower the trade float---you must take possion of your shares, or register them in your name and place a letter with your broker ,, along with your shares,,, that they are not to be loaned----Unless you include a signed power of attorney along with your CERTs , then ,, even you will not be able to sell them,, until your Broker has one--
Most firms will not even accept your Registered shares for safe keeping unless you sign off on the back---or give them a PA.
art
NaturallyK2
I think that you are "naturally" wrong---
just my 2 cents
cheers
My 2 cents again--
Why not KATX as a Holding Company ---and creat 4 or 5 "wholy- Owned" subsidiaries that can conduct business and establish JVs on their own merit----
KATX could spin one or two off at a point of time in the future---depending on tax consequences--or just keep bringing in the profits from their ownership---
It's sorta like having kids --- you set them up in business and they turn over all the profits to you,, until you deem they need to be set free----so you IPO them out.
And after IPOing them out, you retain some shares as an investment and sell them at some time in the future when cash may be needed---and not dilute KATX shares.
art
kdrobb
We have come a long way in the current validity of a company whose pps is listed on the Pink Sheet--
Back in the "stone age" (50's) when I started we had a list of OTC stocks tacked to the bulletin board---One list was on the white sheets and the other was on the pink sheets===
White sheet stocks were more active ---had more information available and were listed in the Standard and Poors,,Dun and Bradstreet,, better Business Bureau--- etc
Those on the Pink colored sheets were not as active, sometime traded only once a month---or even yearly---and it was difficult to get verifiable information---and the pps was quite often different in other regions ---and the pps could change drastically ,, good or bad,, before the info could be circulated.
Electronic quotes , as in NASDAQ, came in the 70's and changed all that--today we can get enough information on a company that is listed for quotes on the Pink Sheets to make intelligent decisions--companies like KATX,
Pink sheet listing for a company now offers a national mkt and a reliable quotation system, and a less expensive method of birthing a company and its initial growth----and sometimes an investor can find the "diamond in the ruff" a little more easily---- boards like this have gotten established by finding these "hidden gems"..
People who denigrate a company just b/c it is listed on the Pink Sheets today are still living in the 1940s-50s or perhaps have an insidious agenda--
anyway,, just my 2 cents
art
This was deleted so I cleaned up what I presume the MOD disliked about the previous post
Like I said before---I think he justs provokes people into a lot of posting to refute his premise----which is NEGATIVE, as to buying shares now---He continuosly brings up "old hash" and beats "dead dogs" to a pulp---
All his postings seem to have a negative flavor---- but,,,
He certainly has made people do a lot of thorough DD in order to refute him---which is a good thing----you can not do enough DD.
and also,, he may be trying to get enough answers for his questions to convince himself to invest now--as a "PINKIE"
It seems obvious that this is a quality PINK SHEET company---with quality mgt---if they had IPO'd instead of "back dooring it" a lot of what is currently unseen would be seen in a prospectus
Cheers, Art
Methinks that would be difficult
NEXT WEEK!!!
Friday's close will be more like .15
cheers
art
Yeah,, Sure,, just a lil ole chart run----
http://charts3.barchart.com/chart.asp?sym=katx&data=A&jav=adv&vol=Y&divd=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix=
Those numbers mean absolutely nothing----
They are not representative of "Short Interest" or a Short Position
art
Thankyou mysterymeat----
It would not surprise me to find that they sold a couple hundred million shares ---perhaps recieving and avg of 10 to 12 cents--it would give them about 25 mill---
The rest would be promo shares into the O/S and also the float---
It is very interesting to see the firmness here tween .045 and .055 with all the shares that are trading Thur, Fri and today.
Personally I think the promo guys had their act together and did a whale of a job getting this to run as it did---so that all that demand could be sold into---
Depending on who is accummulating here will have a lot to say about the length and perhaps direction of the next move---
Anyway ,, just my 2 cents---
art
Can you tell me the capital structure___-----
I have emailed three times last week and no response from the company---and the TA is no help--is the TA muzzled?
It certainly looks like a 5 Star pump last week and the compay sold a lot of shares during the run for working capital---possibly still at it---
And someone sitting here absorbing all the shares---
I am more interested in the A/S,,O/S and float that past history financials---
Whoever is using the FINRA report as a big short position is grossly incorrect----Finra shows the MMs short sells during normal course of duty---and are cleared up in the clearing house
IT HAS NOTHING TO DO WITH "SHORT INTEREST"
TIA
ART
Good afternoon to you sir----I would ask you to look at just the upward part of the move on LYJN for last Monday, Tues and early Wed morning ....ignore the dump part, for that won't happen here....sure, we will have a pull back and some MM manipulation, but it will be more reasonable---imo.
I don't think that we will be fueled by short covering, but by the news and the clamorous return of the impatient who left us.
cheers, art
I HAVE TRIED TO RESPOND TWICE BUT IT KEEPS GETTING DELETED--I'LL TRY ONCE MORE
To you folks that PM'd me---I just now realized I had a mailbox with mail in it---
No Comments Please---I am calling it a lengthy "Senior" moment--
Recently I moved all my KATX , XCHO, NPHC and BIEL into EVRM--- took a flyer on LYJN Monday b/c of receiving 4 different Pumps--and it did run---2 cents to 17 cents and back to 7 cents,, currently 4 cents---
Anyway ,, I think that the timing is in favor of being fully invested right here---- we are set to get a TO or two and financials ---we should get enough of a move to take half, or perhaps all, and move back into KATX---b/c
KATX appears to be building to an "explosive" move----nice chart.
Personally, I like like playing with both EVRM and KATX---There is just too much solid DD on both companies
Cheers and GLTA
ART
That is a very, very misleading number--
That shows the shares shorted in normal business by the MMs--
It is NOT retail short interest!!
These are generally cleared up in the clearing house tonight
art
Fatherof7---
What backup do you have for a prediction as such---we can't even get a TA for the correct AS,,,OS,,or Float
art
yOU CAN SAY THAT AGAIN!!!!!!!!!!!!!!!!!!!!!
WHAT A P&D---CLASSIC MANIPULATION
IT HIT .17 PLUS AND CLOSED IN THE RED @.O74
BUT IT WAS A NICE FLIP------
Just a thought---but currently we have no volume ,, no TOs and no PPS action---
When we get our first TO it will be the "proof of the pudding" and we will have volume--lots of it,, ---an active upward moving PPS and the mkt will then "discount" the next forthcomming TO and TOs ---giving us a higher capitalized market value
Why??? B/C we will have been LEGITMIZED -----
JMHO
art
Splash
Perhaps this will happen when we get news----I was told on Sunday to buy this on the opening Monday ---and told to use a mkt order---
It opened at .029 cents Monday
http://www.barchart.com/charts/LYJN
art
PS--How do you think our KATX flippers would feel if they took their 20% and then watched for a pullback,, that did not happen,, as they got left in the backwash??
When they do , perhaps this will happen--I was told to buy this on Monday morning---it was .029 on the opening---
http://www.barchart.com/charts/LYJN
art
PS---Can you imagine havinf 503,000 shs?? and not flippimg ....
Well now,, Let me look into my "crystal ball"---
If I am interpreting the symbols correctly,, it says there will be a minor eruption in the pps following the release of news regarding evrm's share in the TO that is in delayed preparation at this moment---
This computer that is preparing EVRM's TO is currently in need of a TO also, to get it fixed so that it can finish--
Following that, our CEO will receive permission to release the TO, but first he needs a TO to get his computer fixed---it s out of ink--
You do understand that my crystal ball is a government DoD project in works and has been operational now for over 2 hours and needs a TO in order to reboot before giving me the finals---
cheers
art
PS---what does your crystal ball say?????
When we get real news---and it is properly presented, as in promoted---
We could look like this---
http://stockcharts.com/h-sc/ui?s=lyjn
art
COPPER
Steve , did you read and digest what China is doing in Afghanastan?? Re: Copper
art
Steve---if your assumtion is correct ,, they need toask China to back off---
Between the 2 of them ,, no one else "got the memo" re: a comming Copper shortage
cheers
art
http://regsho.finra.org/
Who was it that posted the very excellent post explaing the above-
tia
art
I agree with that ----I will most likely roll later into katx from 75% of my evrm shares---shorter term ,,, I think evrm might be a step ahead---
I think from my experience that katx is a little longer down the road---
I recently had a very large position in a clean coal pink stock that my friend and I visited with the CEO several times a week--over the course of several years--turned out that right under our noses the SEC filed a conspiracy charge against him for carrying some assets from one company to another that were not valid---millions in assets!!! and filed them with an audited financial with the SEC---
To me ,, this is still a one man show---and needs more oven time..
art
That's a good point about EVRM and its relationship---but remember the mgt and the Veterans envolved---They all seem to know one another---
Methinks it's a little different here---that's why I'm in very heavy there---
art
PS-- and as you well know ,, "mining" has a history,, and so do gold finds.
Er0ck
A major big company ,, listed on a national exchange ,, in my opinion as an "ole" broker,,, would prefer having KATX uplist first,, showing their financials publically----and then do the JV with KATX---
It is very difficult for a "pinkie" to be credible,, when the credibility is based on "trust me" ----
I have been envolved and seen some beautiful companies never come to fruition just b/c of where they were NOT LISTED---on a national exchange
Remember, there never was a Prospectus for KATX,,, as they never IPO'd
Also, to you folks who are so prone to criticize ,, remember the above ---no IPO--- your money for shares goes to your broker---so you might ask him for information---or call the CEO and trust the information you are given.
This is a stock chat board----it is very nice that we have people who freely give of their time with no personal agendas ---and provide their knowledge about KATX,, at no cost to you---
This particular board is quite knoledgeably moderated and I personally feel that all the info posted is ethical---
cheers
art
Those short figures do not mean squat!!!!!!!!!!!
It is normal trading and 99 Percent are covered thru the Depository Clrearing House
IT is the FTDs and illegal NSS that causes the problems--
Not these that you are posting--
art
I TRIED---!!!!
They filled me on the close 123K @.0139
Much better comming next week
art
Excellent synopsis of great but tedious read--
Some good points made by you---thanks
art
If 51 Percent of the OS is "locked up", is any of the float included in the "locked up" shares ???
Reason I ask is the the summation of the "locked up" and the Float exceeds the OS
art
51 Percent of what figure is restricted inorder to maintain Service Disabled Vet status
TIA, art
Mr Bishop
Excellent post
I have tried to tell the board the same
Anthony is totally incorrect--
art
Anthony , if you have facts about all this "terrible" shorting please post them---I spent years in the business , NYSE and NASD firms---you could not be more incorrect
OK ,, Gump---You have spoken about mining --OK
Now you are speaking about the MM industry of which you are out of your element,, and in mine--
The MM's first and foremost duty is to maintain an orderly mkt in the secuity he has charge of for his firm---
You are damn right in that he will short sell---HE HAS TO!!!! There is no such thing as a NSS by an MM when he is doing his job... You think he is going to pull "X" number of shares outta his wazzooo!!!
You obviously know very little ,, as to next to nothing about an MM's job and market making---his job is only slightly different from the NYSE specialist/market maker for which he performs when shorting a couple of 100k shares in about 3 miinutes in order to maintain ORDER!!! in the market---
Those are only temporary shorts, covered in the norm of doing business---
Nobody is shorting this stock out of the MMs normal business LEGALLY----all the shares sold are being purchased right in line with the current market----
And there is no calamatous news from the company or industry to warrant the MM from allowing this to run in either direction--
Please stick to your own backyard---with your commentary--
cheers
art
deleted a double posting
When the NASDAQ started in the late 60's and early 70's it was only a quotation service---and a badly needed one for over the counter stocks trading on a national basis---under the counter stocks were the Pinks of today--where now have the Grays for those shares--
To me , uplisting to the Naz is not a whole lot more effort than the BB---and a whole lot better in stature for your shares---considerable more in transparency and a lot better for developing JV relationships with other quality companies
but, as I said --JMHO
art
Yes, that is more than just "quite possible"---but I am sure most here understand "Momentus Happening"---an event that dramatically changes the outlook
This can affect a pps quite substantially and very , very fast!!!
I have seen stocks double,triple and then quadruple all in one trading session---I was in one ---from 5 1/2 to 21 3/4 ----in the last 4 hours of that days trading--
We have several opportunities for a Momentus Happening----events that could take this from pennies to dollars---quickly.
A. Hugely greater than expected Drill results,,
B. a major quality JV ,,
C. Uplisting to the BB or Nasdaq
D. and the timming of perhaps a couple of these together followed by uplisting
All my posts are JMHO
art