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I have to disagree. The run was maybe partly in regard to the drilling of HC and speculation, but mostly to get the BVIG shares. Everyone pumped HC to be worth $3 by itself. Well, I would guess if HC was so valuable with the limited shares it would not have decreased in priced from .70 to what it is now at .15. I realize that the share count will dilute the price and that is a large part of the decrease, but if HC was deemed so great it would have most likely held more value.
As far as pump and dump that is exactly what happened and Hudson was the MM. The only question I have is who was Hudson working for to unload shares. There is no denying the facts of a rise and fall from nothing to .25 and back again. There is no denying that the carrot of getting BVIG shares was a major cause of the run up. There is no denying that Hudson was the largest seller. The only question is how involved was Ken Stead. Was he just once again a naive duffess that got taken by investors or did he just go along for the ride holding his nose for the free money, or worse was he involved in the planning ofg the P&D.
As far as the $5 million? That was conditional. Apparently they got maybe 2 million and never the other. Had they got the other $3 million they would have announced drilling plans. It is obvious to all but the mentally challenged that they are out of cash and have to find new sources. I suspect that is why they are silent and will be until they can come up with some new marketing program and package that an 'investor' can get in and out quickly and create a new set of bagholders.
ONe thing PKP HC is not KATX, that is at least at the moment unless they recombine the companies, which IMHO they should have never separated. I guess that was all part of the pump and dumd and for those that say KATX was not a pump and dump are you blind. Pump to .25 and dumped to .01. It just was a slow P&D versus a quick one. So, why did I say HC was a bust? Well, despite the glowing report of gold in every hole themarket said it was not impressed. Also, despite the rumors of a buyout and numerous JV's have you seen any interest? Lastly, here we are in April and no announcements of a drill program for HC after all the preliminary work on phase two was done. OK, you tell me what those signs says? Tells, me that the odds are that the preliminary work did not look that promising and that they could not justify a program or entice any investors. Maybe they are now looking at other areas around HC or have just written it off. Off course, we do not have all the facts as Ken has decided to say nothing so you have to look at their actions or lack of them to form your own opinions. I think indications at this point are 70-80% negative. I hope I'm wrong since I have over 140K shares floating out there somewhere in space.
Yes, it does make me wonder if after doing all the preliminary work on phase 2 if they possibly stuck out on HC also like RR and now they are in limbo because their best two bets turned out duds and now the investor backed out in supplying more cash. In other words everything that could go wrong has. Like Momma used to say if you do not have anything good to say then be quiet and that is why Ken is mum. He just does not have anything. If this is the case then I suspect he does a reverse split on KATX to equal or lessen and they merge or get bought by BVIG for next to nothing. THey then find and slock investor and repackage a pump program with the remaining assets knowing the outcome in advance. THey have spent their capital it seems and the only door open leads to a very dark place IMHO.
Yes, too bad with Gold and Silver hitting bubble like highs we cannot get phase 2 drilling going, but I guess we would need results strong enough to entice a JV or at least investor. IMHO, assuming we ever get shares HC is our nearest and best shot to get anything back in 2011. Get with it Ken step up to the plate will you?
I agree that seems the only way to salvage KATX since it is doubtful at this point they found anything worth mentioning or they certainly would have by now. Off course, they still have the other properties but RR was their crown jewel and looks to be a big floating turd. With 620 million or so known shares outstanding it would be hard to issue more at this price. You are looking at a huge discount and a sure death spiral. So, I suspect they fold back into BVIG and try to play the same game with BVIG but with fewer shares. They may have to reverse split KATX shares to equal BVIG shares for the 1:1 to work. Not sure exactly how they do all this. I just hope I get my BVIG shares as promised and they have some value. At this point I have little hope of recouping anything and am putting this in the I'll never trust anyone in the penny stock game or boards again category. Hard lessons are learned when you play with real money especially when you think those you can trust will screw you in a New York second. Yes, that goes for those that control and monitors the stream of conversations on most boards as they are run mostly by promotion companies.
That is the biggest understatement of the year! Off course you do not care about creibility because that seems to get in the way of the truth. The truth will set you free of your money -right? Gtreat to see SKF and DF over on the KATX board keeping them honest. Funny how pumpers say you cannot speculate they have nothing going on and yet I see them say constantly they are working on financing. HUh? What happened to the other $3 of the $5 million they have? Hmmm? What they never got it? Did not meet the terms maybe? What were the terms? What actually finding someting they could mine? Sur we can speculate they found nothing at RR and have no money because the 10K said nothing about either, they have not announced any drilling plans, they have no cash showing on the books, it has been well over 3 months since RR was finaished and patial results were announce, we still have no BVIG shares, and the company has been silent. I do not know what more evidence you need to point to negative feelings versus positive? What can you even base positive outcomes on at this point but possible potential? Sorry, but to have faith you must have something worth believing in!
Funny the MM naked short was the lowest I have ever seen it for KATX yesterday. 20110331|KATX|10000|0|1139861|O
I have a feeling the covering is now pretty much over and now KATX must stand on it's own. Now it will be funny if all of a sudden Ken comes out of the closet now that the slaughter and cover is completed. So very soon either Ken fessy up we struck out with RR and financing or we have something with one or the other. I'm betting there is nothing and now we roll into BVIG, which is what we should have done in the first place, but hey that way they could not scam the shareholders with the bait and switch. Now they can merge and do it all over again with BVIG assuming they can find another crooked finaicier pump and dumper. Still awaiting my free shares and will be ready to dump this time on the next pump and not scammed again. I guess knowing the game like the Skype Roomers makes a big difference and how you play this dirty game. Carry on Longs go BVIG! LOL
HSDN opens it's spread with a bid close to .01 and an ask at .04. So it seems their work for now is done possibly and they will let KATX rise or fall on it's own. I suspect if silence continues the stock will continue to fall back to .01, especially as the drilling season is upon us soon and they should be announcing plans. If no plans are announce it would be telling that the money that people thought they had or were getting never arrived. This last pump could have been the last hoorah for all we know. I suspect they merge into BVIG and start their game all over again. I guess time will tell and I'll patiently watch.
So why is KATX going up? First they awaited news is still awaited. THere is no firm confirmation if the company has received financing or if they are selling shares to fund operations as cash was about out 11\30 or just lying dormant yet after the crash to .01 it has come back steadily. So who has been the only consistent player during all this mess (Ken's word describes this beat) That's right ding ding ding it has been our HSDN. Lately, they have pulled up their bid to add support on the downside letting traders play between the bid and ask. So, was all that huge volume they sold off naked shorts between MM's and they slammed it to .01 and now are covering and this is why the price is coming back? What could Ken do to crush them? Could he come out and tell the truth that RR was a dud? Could he come out and squeeze them by saying RR was huge? Well, instead Ken sits on his hands and does nothing. Why? Is Ken beholding to HSDN or working with them? This is all very suspicious and I hope that the SEC is looking into the many complaints made because the stench here is getting sickening!
Agreed just a matter a time all commodities go down, but not sure when at this point. Funny, how many months can a few posters say news is coming any day or week and still have any creedence around here. All most are are cheerleaders trading while trying to sucker money out of newbies. IMHO the lowest form of pond scum.
Hey, got your shares yet? BTW- Go Dogs- SEC football is the best!
Why would I want to? I have 140+K shares floating out there somewhere. I think you know that manipulation goes on. I mean why else would KATX be back to where it was after hitting .01 with absolutely no good news? It is being walked up slowly day after day. Thing is they could knock it all down in one day. I suspect maybe the naked shorts helped knock it down and now covering. I would not be surprised either if the timing is known by insiders that could also be profiting by future financing deals. IMHO, the Steads will do whatever it takes to continue no matter who gets hurt in this deal.
Because that is what someone is willing to pay for it. What is so hard to understand?
There you go using common sense again. Funny to see HSDN no manipulate a walk up of the stock by raising the bid as other step in front. They back off before buying but when interest is down hop back in to get things moving. On the other side they raise the sell and let others under. This gentle walk up started last Friday after the sell off to .01. Was that the final kill to get the stock down and now the rebuild and cover? Who all is involved? Thing is there has been no news either way to show this company has an afterlife or not. Funding and minerals both a big question at this point yet it is trading up 120% off the .01 low. Gee, I hope the SEC is watching this stock manipulation going on here!
Well, this was based on a post by Daggfish. I believe you may wish to ask him or Big Owl what they fond out last week when the stock tanked as Daggfish sold. It was on FB if you are on that site. The long just do not want the rest to know so they can trade off the news. I believe the open ended amount of shares that were mention they could issue was used as they had no cash and the investors did not come through with more money. Therefore they have most likely been dumping shares. Heck just Ken and Tim's salaries are 18k a month so you do the math on how many shares they need to sell just to pay themselves much less anyone else at .013 a share. Right a ton of share. So where do you think they get money print it like the US treasury?
Sold out between .025 and .03 at least I preserved something even though I lost about 90%. I feel bad for folks like me that read all the DD and were told how honest and good the Steads were. So just who was responsible for painting such a good picture and making KATX look like a sure thing? It is sad that people that acted like friends basically brought you to slaughter either intentionally or their own ignorance because they were sold on what they thought was a sure thing. How many times did we hear how honest Ken was, about the 11 JV's (but did anyone show proof that any of those 11 JV's amounted to anything at all?) Then there were picture showing visible gold and copper. On top of that comparison to Voisey Bay and Olympic Dam. Heck, I still see these despite the price decline touted by pumpers. Heck if you were folled just like the folks you got in this just admit it and ask forgiveness. If you did it intentional to steal from people during this pump and dump then shame you for treating people this way. Yes, and I don't want to hear we are all adults and knew the risk garbage because friends got people in this and the DD swayed them. Few had the background to know all the risks and only found out way to late. Those that conned other to buy and sold during the pump deserve a special place in hell. All IMHO off course.
Yep, A Mess is how Ken described it to me and now I see on FB that a very loyal long fish sold out after finding out the float was increased yesterday by 230 million shares. Funny the longs did not post that all over the KATX board. So now we know who is selling to pay bills. Well, at least the truck payment and the Steads salaries. No sure knowing that that Rules buy at this point is a good idea as major dilution continues and a death spiral seems to be happening. That can only result in more pain as they paint themselves into a corner. I suspect just a matter of time they do another RS like before and start all over again. I guess it is hard to stop an addiction to OPM. Since Katx looks DOA for now I suspect that unless they move KATX to BVIG that the action, if any, in 2011 will be over at BVIG. Since the Steads will be free to sell shares in July I suspect we see action there next. Follow the money folks as you can trust it more than the Steads or have you not learned that yet. I just hope that the SEC catches on to the game.
Yep, as they say SSDD. So, BVIG will get us our shares, but will need a JV or to sell shares to complete phase 2 and if good move to phase 3. Looks like all commodities are going down as liquidity is being sucked from the world to Japan for rebuilding slated at over 120 billion so far I just heard. That assumes they do not have 4 reactor meltdowns on their hands. This could end up a worldwide disaster. KATX has few shares to sell at this point and not sure how they continue unless they issue and sell more, but at .02 what would they get for them? I suspect a Reverse Split and then they repackage and issue and maybe drill in 2012 season and focus on BVIG for now. That is unless they merge the companies. Waiting for Ken's next brilliant move.
I find that kind of an arrogant statement that we are finally to the stage they will inform us. Well, gee thanks Ken, but have we not heard that before regarding the Blog. Why now are we so blessed that you want to communicate when you have basically ignored us for months? What nothing to report? Also, when are they going to show BVIG as a separate entity? I would think it should have a web page and not be reported on a KATX wep page blog. Unless, we are supposed to now think they are the same company and were not really split up?
I'll believe all the BS when I see it and just hope they have some tradeable value and not worthless shares.
Interesting you said that. Think about a carrot and stick. The BVIG shares were the carrot and stick to get you to bid up KATX so you could get those great BVIG and we all know the grab samples had what 158 grams in tem so this was a no brainer. I mena read the DD in the IBOX was said again and again. So the valoue was ripped from KATX and put in BVIG. Did we not start at something like .70 for BVIG shares. So that did not look bad at the time now did it. Heck, everyone posted HC was worth $1-$3 by itself remember. So then KATX is dumped after HC is removed and we still wait for BVIG. This was a classice pump and dump. Listening to Tim Sykes and he says he would never trust a penny stock CEO. While I think there may be some honest ones somewhere I hate to say it but think he's right 99.9% of the time. Most are crooks and the only ones that make money are them, the promoters, attorneys, and the few that know what they are doing to play the stock pump and then dump.
Now most are back in pump mode despite KATX not showing any cash to speak of. THey say they will not dilute. Well, with the potential of unlimited shares being issued I think all you have to do is have a first grade education to realize they have to issue more shares if they are going to get any cash and when you are at .023 you have to issue a ton of shares since at best you will get .01 per shares. Don't let the pumpers fool you that money comes out of thin air. They will also need to pay promoters. I suspect this is all in the works since drilling season is coming soon. The only thing going on here is smoke and mirrors, fraud and deceit IMHO.
1) KATX and BVIG are exploration companies and not mining companies.
2)HC had 12 holes drilled and RR had 2 I believe so not reling on one hole.
3)Everyone was directed to the DD in the IBOX. THis had nice pictures that showed visible gold to the untrained eye and green copper etc. It also had great grids with color charts showing where all the gold, silver, copper and other metals were to be found along with some very high grab samples. Then the great anomaly shots of what must be copper or is it iron or the flavor of the day. On top of that you have comparison of OD and Voisey Bay. Now come the touting of the law firam and the 3 cos. than worked with that went from .10 to $3 in 6-12 months. To top it off we have glowing reports on the Steads and 11 JV's and how honest they are and reducing the sahre float. Now does that make you feel there is little to no risk or a just another stinky pinky. Whoever put that together is as good or better than any promoter I have ever seen.
So, yes I like many relied on friends and family and the great DD. We read it all along with the company web site. Yes, limited knowledge of the odds of 1 in 1000 in hitting something (funny why no mention in the DD?) WE relied on Ken having integrity since it was sold to us by folks that supposedly knew him.
Yes, many here made a fool by trusting the CEO, the DD, and the pumpers. Many got caught up in the dream and pumped too. I know I did. I got TOS'd attacking TR, BB, and Gump. Too bad I did not listen. Thing is this has gone on long enough for people to keep pumping. You pretty much have to be in denial, dishonest or mentally challenged to believe all the BS IMHO. Carry on!
Really? Why would you purposely pay more than you have too unless you just wanted to raise the stock price to look higher than it should be? I could never understand this concept unless those wanting folks to do it so they could actual sell to them. Yes, that makes perfect sense. Sure alot more than KATX going to $15. That is just absurd when it is at .023 and NOTHING points to it getting out of this range now does it? Now if you have a reason for such optimism please share it with us all. The only way I see it ever possibly getting there in the near there, if ever, is the largest reverse split in history. It seems the pump and sense of optimism has no grounds at this point. We are all waiting for Ken to come out with positive news, but he's failed his shareholders even the minimal about of decency in at least keeping them posted on delays after what should have been more than enough time to fill us in. I'm actually wondering at this point if they even have enough money to pay for the RR assays and that might be the reason for the delays. Maybe the longs could take up a collection so we can all see the results?
Well, it is hard to figure just what will happen. Historical the non inflation adjusted price for gold and silver are high, but that has been fueled with speculation and fear mostly fueled by ETF's. The actual demand for metals is flat to down while the supply with scrap is growing. Also, with high prices you get more supply coming online in time that will eventually bring prices down. It always happens and is a matter of time. I guess the trick is to be out and buy inverse ETF's at the peak, becuase when the bubble pops it will deflate very fast. You could very well see gold back under $300 and silver at $5. I've seen it a few times happen like that. I guess the wild card is ETF's were not there to inflate the price and this is the worst world economy since the Depression. I suspect we could see things cool a bit if the Mideast settles down and the House of Saud stands it ground and that does not erupt into chaos.
So whne did Ken say we would get our BVIG shares?
So when to invest and when to trade. I think a good sign maybe you want to invest not only in a company that has a niche and advantage it will take others time to catch up to, but potential and positive cash flow would also be nice besides one that has skilled management. So which do you want to trade? How about stock that are more of a good story than actaul reality. Ones that you have to play connect the dots to try and figure out what they really have. Ones that people use unrelated data like investors flocking to gold miners stocks when you are an explorer and not a miner. Ones that use historical great finds to compare themselves to or the latest and greatest hot item like REES. Now that is a story stock people can pump and trade and get those greedy juices flowing by putting up charts that show if only 2% of the say , OD is found you are an instant millionaire. Heck, use a carrot and stick by offering supposed free shares and spinkle in some paid for promotional campaigns and then you have a great trade.
So what have I and many learned? Believe what you see and not wild speculation and hype. Don't believe the posted DD because it is there to tantalize you and make you think there is little to no risk. Question everything and discount pumps that say you better get in now. The train is leaving, the Felsic Moon etc. Funny how some are attacked on Yahoo, by those that feel threatened that the truth will ruin the pump and just after they bought back in after the last pump and dump. Oh DARN!
Funny that actual silver usage is flat to slightly down the last 10 years. It seems silver is the poor mans gold and with ETF jacking up the amount of folks who can speculate I expect it is close to a bubble. If it hits $50 like it did when Bunker Hunt tried to corner the market and ended up loosing billion I would but a short etf. It is in or very near bubble territory and the long term historic price is closer to $5 than $35.
As for KATX I still see nothing that proves they have cash. Just more speculation they do and it makes me wonder how the investors will be paid. I highly doubt th eold investor is still in play and would not considerer buying until I knew for sure they had money to continue existing. If someone has proof other than an opinion I'd love to see it as I saw no mention in the financials recently posted and I'd think that might be something you would want to mention at least in a footnote. I warn any new investor to be very wary as there are sharks in the water.
That is a lot of beer money is it not? A poster on the other board praised KATX for spending $2 million and havung 9 thousand and change left. Another about them employing 5 people and a geologist in the second quarter. Makes me wonder are they getting paid now and if so with what $9,000 when Ken and Tim's compensation is double that. So, they spent almost $2 million last year and project 650K this year? ONly talk about one Gold property and a JV. Whose the JV with BVIG or are they drilling Twilite because HC is not part of KATX unless they are not telling us something. OK, then they have 580,000 shares left they can use to sell for cash, which at today price is about $12,000. So, what will they do for money? Increase the shares? Do a Reverse Split again(look at history) and then issue more shares? Do this and then figure a way to merge into BVIG or sell KATX to BVIG. Off course BVIG then will need money. IMHO KATX is a redo at best and pretty much DOA and life if any will be moved to BVIG. Off course this all assumes they can get financing over there. Reading the post last night and this morning over at KATX and FB was amazing. Some people are in complete denial, trying to fool others or just cannot comprehend what they are reading.
OK- blast away I cannot reply on this forum today.
Well, let's hope this post does not get deleted like some others. I guess free speech is dead after all. I did notice something odd on the KATX board yesterday as at least 3 longs suggested that KATX is working on getting new financing. Now who else finds that odd? Supposedly, they had $5 million and 5 years worth of funds. Also, how did they know this? Sounds like another Reg.FD leak to me. Then some longs suggested big news coming very soon. Again, how do they know this? Is Ken contacting certain people? Is IR contacting them? I did get a email like Shaddrack from Ken describing the current situation as a mess and sent it to a few people. I'm sure many will call me a liar also. I also, got a few replies from IR that news would becoming soon, but no details.
My best guess as I had stated before using observation of Ken's actions, and HSDN selling is that funding had stopped as they did not meet the investors goals. Which most likely means the results of the drilling were not in their estimate at least worthy of mining or further expenditure to drill. They flipped their initial investment on shareholders who became bagholders. So now Ken has a mess. No big finds and no cash. Therefore he hires a new team to find cash and do the IR work.
Question. Do you think the terms of any new deal with our 2 key properties drilled will be any better than the first? IMHO the terms will be even worse and cause either more dilution of Katx or a possible reverse split and redo. THen Ken has to decide either uplist to a new shell or into BVIG. I guess this will depend on the new investor and how the wish to structure the deal so they can flip quickly and get their 100% plus profit in months.
I agree it has some things going for it. It does need more buyers and interest to get it to hold its gains. I was in another gold stock that had HSDN as a Market Makers as the AXE and they destroyed the stock selling for 7 months straight bringing it from .25 to .02. They continued to jump the sells orders and dump over 100 million shares. They are hard to compete with. I will continue to watch this one and may get some if it gets close to where HSDN is buying.
Yes, thought about that, but had no idea what the PE ratio was for gold stocks. I guess the only thing that worries me a bit is you have a one man operation (what happens if he gets sick or dies) and two will they get the required financing to get the mine up and running.
I guess that makes sense due to the fact it is an existing mine and some infrastructure in place. It will cost some to get it cranked back up. So that would increase the estimate to about .065 which is better and only gives that as a 12 month value. Not sure what mines price at as I guess it depends on the estimate of toatl ounces of gold and an estimated price. Maybe it could get to .25 once it is up and running or more if they increase the output and gold continues it's climb. The key is getting it up and running.
So correct me if I'm wrong but from what I hear it cost a bit current over $900 an ounce to mine and process the gold. THat would leave about $500 at todays price correct. WE get what 60% of that so $300 per ounce time 1000 ounces equals $300,000. Take that and divide it by the amount of outstanding shares would give us about .003 a share if my math is correct and if figured over 12 months .036. AS far as I know they have not started drilling yet, but that should give us a round figure to start with right? Now if they produce more, the price goes up, or other venture kick in then the numbers would all change.
Thanks
been burned before wondering if it is a breakout or fakeout? Most I find are scams and good for a trade but not to invest in. Is this one any different?
What's happening? Saw this mentioned on Yahoo on the KATX board which is a POS. Does this have legs and if so why do you think so?
Thanks,
Steve
Art Seems many of active Mods have a strong positive bias and spin despite the huge downfall and lack of communication. Those that did bring up these problems and at least attempt to be objective rareley post now. I gave Ken a chance to make good and will now seek other measures to make sure that his days of doing this to other investors are cut short. Two pumps and dumps in his short history of this company are enough. He needs to be stopped and pay some huge fines and do some time IMHO.
Seems like someone bought back in? IMHO just prep work before they drill phase 2 at HC assuming they issue the shares and start really trading because if they are going to attack a new P&D investor they will need shares. I also guess if they issue them just maybe we get our promised shares that suckered us into buying more and holding during the last P&D. Now not sure about you but if we do not get the promised shares after getting hammered on Katx and devalued thenI'd suspect a few more loyal long maybe start to question Ken's integrity. I already so I guess I'm a lost cause, but at least I have a better idea what I'm dealing with now and that any action to survive to play another day is par for the course no matter how many bodies are left of the field. Ken's mess IMHO is of his own doing. He should have set expectations as more realistic that WE Good. He should have lead and communication instead of hunkering down and hiding. He either needs to proclaim victory or admit failure. Keeping people in the dark is not shareholder friendly and his list of pissed off people grows longer by the day. As for those that continue to mislead and I think the person reading this knows who I'm talking about I don't know how you sleep at night knowing how many you have hurt including your own family and friends.
Funny how anyone watching this stock tank can be so smug. You make it sound almost bibilical like Moses wandering the desert. You have to have faith and wait to be rewarded. Well, I hate to tell you this and I know to some it could be a shock, but Ken is not God. I know that is hard to believe for some but alas true. Folks that pumped this and told the multitude to hold on, be patient are the same ones that said this was another OD, Voisey Bay and we would be at $3-$10 by the end of 2010. Hey, maybe that is what Ken told them. Heck, I fell for it too sorry to say, but at some point the evidence outweighs the fairy tales. IMHO the pumpers and those that built dreams into fortune have done far more harm to most that Gump or any of the detractors. Oh, I should ad that I was booted and limited to one post per day fighting back the likes of Gump earlier. Too bad I did not listen as I would have saved myself more than 90% have in KATX!
So I guess baseless noise that touts KATX and BVIG without any facts is OK? Seems at least the naysayers are trying to use observation and logic to figure out what is going on with this non transparent company. Maybe you are not one of the many down thousands and happy to wait forever to find out the truth. The buck stop with Ken and so far he's kept quiet as a clam. They promised updates with the blog and the last one on the blog was 3 months ago. Last updated PR saying a few weeks was 1/7. So, if everything is going great with financing and RR results are great why is Ken avoiding shareholders? I think many know the answer, but hard to trade on the negative -right.
Pro-trader theory
here is what is going on is what I believe
Dec. 23 PR was intentionally PRed
I have hard time to believe an experienced ceo who has been in the business all his life and done 11 JVs do such a mistake
It was the poorest PR i have never seen an exploration company would release without having results and announce only first drill being tested and was sub economic
why was it done intentionally???
Mr. X = financier
financier needs shares to buy and finance us again
the pps dropped and the cycle atarts
the news and update is not coming in order to leave the pps at this low
but as you can all see it has a strong support here and being accumulated
once the accumulation is done they will release the PRs and let the pps run
it will be sold slowly in a controlled way to raise funds for future exploration
so, for those who think we have no funds to continue are WRONG
this is what I think and I do believe I am right
While anything is possible this would be blatant stock manipulation. If Ken is the honest guy everyone says he is are you sure he would screw his shareholders like that and put himself up for jail time or large fines? Is he that desperate to commit criminal acts. My opinion based on actions and his email to me suggest otherwise. Again, just an opinion like yours. I do feel they did not meet the requirements to get the funds and are now scrambling to right the mess we are in. Thing is he shot hie wad on the two best projects and they did not live up to the expectations to entice partners or investors. Yours would assume he set us up twice (first with the share distribution P&D and now with an RR PR that tanked it further. You would then assume news is good so another P&D could occur) Well, heck naything is possible, but for Ken to go in the hole a second time and do something like this to shareholders would just tell me he's definetly involved in criminal activity. I choose to think he only set us up once. If he did it again his freedom would definitely be in jeopardy and maybe his health.
Funny how do you think BVIG got their money in the first place to drill? Off course we know about the $100,000 grant but the rest came from -wait for it- KATX.
Seems there is always an excue to suit the needs of the time. Some say cannot drill when it is too cold and others when too mild. Take your pick to suit your needs.
Many of the geologist on the board thought 2 holes were kind of light also, but maybe that is ll they wish to spend to prove or disprove the largest 2 anomolies.
So I'm guessing you feel they met all the requirements and got all $5 million? Seems to me they most likely got much less. Now if the financier got $50 million shares would they also not get a BVIG distribution also? That never has been answered. I'd like proof that just what we have left in funds and I think that is of critical importance. The signs say they are most likely very low on funds and the new folks they hire are working with KATX and BVIG to find new financiers. So what kind of folks do you think they find and what kind of deal. I suspect it will be another sweet deal with a short hold they can P&D the stock again and get their profits out quickly. No legit lenders will pour money into a propecting company without having proven reserves. They want shareholders to take the risk and not them. Just like they did with Katx they will dump on the masses to become the new financier\bagholders. OK-blast away-but you know dam well I'm right.
Well, if you buy to make the charts look better on the site you tout all the timr American Bulls don't you think that could mislead people? How do you know you ar not selling at the open with large blocks scamming the naive that thought the price was real and not artificially jacked up?
Also, it seems many still beilie that Ken got the $5 million that would last 5 years from the investors. Well, IMHO they most likely did not. Look at the facts. They drill 2 holes in RR. If they had more cash woul they have drilled more? How about HC phase 2. If they had more cash would they not have lent BVIG the cash to drill more? AS a matter of fact everyone said the weather did not hamper work. So, why no other programs announced on other properties? Why no more purchasers of new properties as talked about? Seems things have ground to a halt.
If they do not have the cash and not many shares they will have to issue more shares or do a reverse split to lower the amount and then sell shares. This is what I expect is in the works and have stated so earlier. Ken is not sandbagging IMHO he's trying to reorganize and find cash for his two companies so he can continue to drill. Logically, if they had good news I'm sure money would not be a problem like it seems to be at this point, but go being positive and tossing logic, observation, cause and effect and rational thought out the window and keep pumping. This is my only post of the because I attacked people saying some of the same things I'm saying now after opening my eyes.