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Thanks mappo...good luck to you too....and good luck to all.
Got my shares too ShortonCash!!
Solid gold...I am NOT selling my BVIG shares.
Why so many here telling us to sell our BVIG? LOL
I will not be selling.
I called Scottrade today Re: KATX.... and asked about my distro shares with a pay date 3/4/2013.......
First he said I don't see a distribution....then he said let me go in the back room and check...He came back then said hmmmmmmm the paydate was 3/4?... Then he put me on hold again and came back and said... I think we are getting the shares at Scottrade today.
So I asked if I would receive them today? and he said maybe but I can't guarantee that.
Wouldn't that be something Splash? LOL
They don't have enough BVIG shares to give out for all the Naked Short Shares....and the BVIG float is still small, because they haven't distributed them yet, so they can't buy them to cover.
Wonder if that's possible.
I still don't have my shares.
GO AUCI !!! :o)
Maybe they, NITE, had so many naked short shares out there that they are in a pickle.. LOL They don't have enough BVIG they are required to give out.
What to do? haha
mtsr..... do you mean between Ekom Eya and J. Kwarteng?
I never checked that out.
Some DD on the J. Kwarteng Mines Ltd concession.
from KAT news: http://www.katexploration.com/PressReleases/KAT_Gold_Holdings_MOU.pdf
Two maps of the concession area.
One is from Paul Abbott's Preliminary Assessment.
http://katexploration.com/PressReleases/Kwarten_Mines_Kibi_Area.pdf
It shows the Kwarteng Mines concession as #201 in yellow.
The second map is from Xtra Gold KIBI GOLD PROJECT Eastern Region, Ghana NI 43-101 Technical Report
http://www.xtragold.com/43-101/43-101Report_XtraGold_Kibi_final.pdf
Xtra Gold is shown as the #32's on Abbott's map.
So if you fit the concessions together, you can see that the Kwarteng Mines concession is where the Red cross pics are at 'Tumfa'.
Labeled 'Lode Gold Prospect'.
Some DD on the J. Kwarteng Mines Ltd concession.
from KAT news: from KAT news: http://www.katexploration.com/PressReleases/KAT_Gold_Holdings_MOU.pdf
Two maps of the concession area.
One is from Paul Abbott's Preliminary Assessment.
http://katexploration.com/PressReleases/Kwarten_Mines_Kibi_Area.pdf
It shows the Kwarteng Mines concession as #201 in yellow.
The second map is from Xtra Gold KIBI GOLD PROJECT Eastern Region, Ghana NI 43-101 Technical Report
http://www.xtragold.com/43-101/43-101Report_XtraGold_Kibi_final.pdf
Xtra Gold is shown as #32 on Abbott's map.
So you you fit the concessions together, you can see that the Kwarteng Mines concession is where the Red cross pics are @ 'Tumfa'.
Labeled 'Lode Gold Prospect'.
Some DD on the J. Kwarteng Mines Ltd concession.
from KAT news: http://www.katexploration.com/PressReleases/KAT_Gold_Holdings_MOU.pdf
Two maps of the concession area.
One is from Paul Abbott's Preliminary Assessment.
http://katexploration.com/PressReleases/Kwarten_Mines_Kibi_Area.pdf
It shows the Kwarteng Mines concession as #201 in yellow.
The second map is from Xtra Gold KIBI GOLD PROJECT Eastern Region, Ghana NI 43-101 Technical Report
http://www.xtragold.com/43-101/43-101Report_XtraGold_Kibi_final.pdf
Xtra Gold is shown as #32 on Abbott's map.
So you you fit the concessions together, you can see that the Kwarteng Mines concession is where the Red cross pics are @ 'Tumfa'.
Labeled 'Lode Gold Prospect'.
Thanks mtsr NICE NEWS!!!!
Thanks mtsr... Nice news!
eelfland...
http://www.otcbb.com/asp/dividend.asp?sym_id=KATX&dDate=12/21/2011&sDateType=Record_date
They are all there.
Ex date
Record Date
Payment Date
and..
Due Bill redeemable date
We need some news!
Ken Stead, President/CEO of KAT Gold Holdings Corp. & Kat Exploration Inc. Would like to thank those shareholders for their patience and wish each one much success as the company moves forward to reach its milestones in the gold producing business.
Ken is confirming they are 'IN' the gold producing business! :o)
Now 'reach' those milestones!
GO KAT
and......
I find it quite intriguing that KAT, NOBLE & RESOLUTE finished up their dealings at the exact same time!
http://www.nobleminres.com.au/live/wp-content/uploads/2013/01/December-2012-Quarterly-Activities-Report.pdf
See chart page 4
http://www.resolute-ltd.com.au/wp-content/uploads/2013/03/519-010313-Noble-Financing-Completed.pdf
http://ih.advfn.com/p.php?pid=nmona&article=56562941&symbol=BVIG
Agree....I can't wait to see what happens next. :o)
Thanks Splash!
IF shareholders that have KATX shares with BVIG attached, sell today, they won't receive their BVIG shares... FACT!
Glad I have held mine since 12/21/2011!
When will I receive my dividend?
A: If you hold the stock in streetname with a brokerage house,
you will receive the dividend on the payment date or, in
certain circumstances with deferred ex-dividend dates, on the
due bill redemption date. If you hold the stock in certificate
form, the payment will be mailed to you on the payment date.
The exact timing of dividend payments by brokerage
houses varies - some credit accounts in the morning of the
payment date, some credit accounts near the end of the
payment date. It is not unusual for some brokerages to
credit dividends a day or more late, especially with dividends
on foreign stocks.
http://groupssa.com/dividenddatefaq.html
What is the due bill redemption date?
A: In cases of a deferred ex-dividend date, the due bill
redemption date is the day the shareholders of record who sell
their stock before the deferred ex-date must give up the
dividend to the buyers. It is the third business day after the
payment date, which is also the second business day after the
deferred ex-dividend date.
When are due bills used?
A: Concerning dividends, due bills are used in cases of a deferred
ex-dividend date.
When will I receive my dividend?
A: If you hold the stock in streetname with a brokerage house,
you will receive the dividend on the payment date or, in
certain circumstances with deferred ex-dividend dates, on the
due bill redemption date. If you hold the stock in certificate
form, the payment will be mailed to you on the payment date.
The exact timing of dividend payments by brokerage
houses varies - some credit accounts in the morning of the
payment date, some credit accounts near the end of the
payment date. It is not unusual for some brokerages to
credit dividends a day or more late, especially with dividends
on foreign stocks.
I am looking for after hours PR...
Will we get one? Hope so!
Trading for BVIG starts tomorrow. imo
Gump ~ Paydate 3/4/2013 http://www.otcbb.com/asp/dividend.asp?sym_id=KATX&dDate=12/21/2011&sDateType=Record_date
Stop trying to confuse here...
Nice! :o)
From NOBLE-Re:Bibiani North PL (where KAT Ekom Eya sits)
What is a deferred ex- dividend date?
A: A deferred ex-dividend date is one that falls on the first
business day after the payment date. Deferred ex-dividend
dates are used when a dividend payment is 25% or more of a
company's stock price or under certain circumstances with
conditional dividends. Click here for a further explanation of
deferred ex-dividend dates.
How often are deferred ex-dates used?
A: Deferred ex-dividend dates are used on less than 1% of all
dividends declared.
What is a due bill?
A: A due bill is a statement of money owed. When a stock about
to pay a dividend is trading with a deferred ex-date, a due bill
is attached to any stock sold during the period encompassing
two days before the record date through the payment date,
obligating the seller to pay the dividend to the buyer at the
end of the due bill settlement period.
What is the due bill settlement period?
A: In cases of a deferred ex-dividend date, the due bill settlement
period is the three business days following the dividend
payment date. The due bill must be settled (paid) on the last
day of the due bill settlement period, which is known as the
due bill redemption date.
What is the due bill redemption date?
A: In cases of a deferred ex-dividend date, the due bill
redemption date is the day the shareholders of record who sell
their stock before the deferred ex-date must give up the
dividend to the buyers. It is the third business day after the
payment date, which is also the second business day after the
deferred ex-dividend date.
When are due bills used?
A: Concerning dividends, due bills are used in cases of a deferred
ex-dividend date.
Dividends of 25% or More of a
Company's Stock Price
Cash dividends of 25% or more of a company's stock price represent a fraction of one percent of all dividends paid and are handled quite differently from normal dividends. There are some similarities, however. Like normal dividends, unusually large dividends have a declaration date, a record date, an ex-dividend date and a payment date. Also, like normal dividends, the ex-dividend date for a dividend of 25% or more of a company's stock price is set by the exchange, not the company. Here's the big (and confusing) difference: While the ex-dividend date is indeed set by the exchange, it occurs not before the record date, but after. In fact, the ex-dividend date is not even before the payment date! By rule, the ex-dividend date is one business day after the payment date. (In such cases the term deferred ex-date applies.)
Here's the exact quote from the New York Stock Exchange Listed Company Manual: "When the distribution is 25% or more, the Exchange will defer trading the security "ex" until one day after the mail date for the distribution."
And Nasdaq Rule 11140(b)(2) states: "In respect to cash dividends or distributions, stock dividends and/or splits, and the distribution of warrants, which are 25% or greater of the value of the subject security, the ex-dividend date shall be the first business day following the payable date."
Although the wording is slightly different, the meaning is the same.
This can be very confusing, having the ex-dividend date after the payment date. To further confuse things, in such circumstances, any shareholders of record who sell their shares before a deferred ex-dividend date also sell the right to receive the dividend. This is not optional to the seller, it is mandatory. The right to receive the dividend is contained in an attachment to the sold shares and that attachment is called a due bill.
The payment of a dividend via due bills is quite unlike a normal dividend payment. Shares that are purchased after the record date but before the deferred ex-date (the due bill period) are traded with a due bill attached. The chain of events that begins on the payment date works like this: The dividend is first paid to the shareholder of record, then, on the due bill settlement date, which is commonly two trading days after the ex-date, the dividend is withdrawn from the account of the shareholder of record who sold the shares during the due bill period and is then paid to the shareholder who bought the shares during the due bill period.
The dividend is paid to all shareholders of record first because that is the only information the company has on who is eligible for the dividend. The due bills are then executed by the stock brokerages of the buyers and sellers during the due bill period. The company does not participate in the due bill process.
http://www.otcbb.com/asp/dividend.asp?sym_id=KATX&dDate=12/21/2011&sDateType=Record_date
I agree Splash59...I believe Jim is wrong too with that statement.
Thanks for the info HV... :o)
What is a deferred ex- dividend date?
A: A deferred ex-dividend date is one that falls on the first
business day after the payment date. Deferred ex-dividend
dates are used when a dividend payment is 25% or more of a
company's stock price or under certain circumstances with
conditional dividends. Click here for a further explanation of
deferred ex-dividend dates.
How often are deferred ex-dates used?
A: Deferred ex-dividend dates are used on less than 1% of all
dividends declared.
When will I receive my dividend?
A: If you hold the stock in streetname with a brokerage house,
you will receive the dividend on the payment date or, in
certain circumstances with deferred ex-dividend dates, on the
due bill redemption date. If you hold the stock in certificate
form, the payment will be mailed to you on the payment date.
The exact timing of dividend payments by brokerage
houses varies - some credit accounts in the morning of the
payment date, some credit accounts near the end of the
payment date. It is not unusual for some brokerages to
credit dividends a day or more late, especially with dividends
on foreign stocks.
http://groupssa.com/dividenddatefaq.html
Just because you don't understand it...doesn't mean the SEC, FINRA and all authorties involved don't.
Glad I don't have to figure it out. :o)
I find it interesting that KATX/BVIG and NOBLE both have big deals completing at the same time!
BVIG shares coming out March 4, 2013
NOBLE's dealings with Resolute complete Mar 4, 2013
http://www.nobleminres.com.au/live/wp-content/uploads/2013/01/December-2012-Quarterly-Activities-Report.pdf
PAGE 4
Could there be news about a deal between them?
Lots of new announcements from NOBLE today....
Now that NOBLE can start back with operations, maybe KAT will have some news soon.
New directors added March 1, 2013:
Gump...I think you should contact SEC ......
http://www.sec.gov/answers/dividen.htm
They do it with 'due bills' attached to the shares that were of record date 12/21/2011... from what I read.
GREAT! Of course Mr. Stead is doing what he said he would do! :o)