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Chmcnfunds it is only done to show a pattern of behaviour. I think DianeDawn said it well on the KATX board. If someone is jeking you around news is probably not good. I understand that you and many other longs are so invested in this you believe everything is positive despite the 90% crash in the price and lack of transparency. You feel you have to be positive and non objective because you need buyers to bail you out. I understand that as I was a bagholder and just took my huge loss. Yes, it hurts, but I'm not going to pump a stock trying to sucker newbies into buying when I do not believe the story any longer as the actions and lack of transparency do not substaniate the story any longer. I just feel it is kind of deceitful to do what many pumpers do daily, especially ones that sold and are just riding on profits and pumped all the way up. Maybe they knew the game, but many like me did not until it was too late. Thing is I guess people inherently trust the Moderators and maybe that trust in some cases is not deserved. This is my one allowed post.
Well, thank you Solid. Maybe you can help me understand something about how some feel about KATX. I assume many here are married. Let's say your spouse always seemed faithful while dating and then after a few months started coming home late. THey always made promises about doing things, but then had excuses or worse said nothing and failed on the promise? What if bills started coming in the mail and late notices and while he was supposedly working all the time and stayed out to all hours the more in debt you got? Then his clothes smelled or a perfume you did not wear and strange calls came in at weird hours? Then the police came to the door looking for him because he was suspected of running off with all the companies money? Seems to me in this extreme example the wife would figure out that he's a liar,cheater and theif, but she tells the police how much in love they are and he would never hurt her and she has complete faith in him.
Now look at all the evidence and tell me does KATX, BVIG or anything Ken is part of deserve such love, faith and devotion. To some here it does and that is what puzzles me the most.
Solid I will not post the email Ken sent me and go through what El Cheepo did. If you want to see it post your email or if you are on FB post something today and I will reply in a message. Otherwise, I guess you are not interested in putting the pieces together and seeing the truth.
Good Day
Really, how about Ken's own words SA. This was not the first time that was used. I find it funny you attack my credibility and not Ken's when he's the one you trusted with your money and not me. Now, even though you will not believe it if you wish to post your email here I will be more than happy to send you a copy of what Ken sent me after my nasty email to him. Heck, I'll even show you what I sent him. No if you are so interested post your email. I get one and only one post per day so this is why I did not reply yesterday.
BTW- How much has KATX spent and how much did they get from the investors? Was it 50 million shares for $5 milllion or $50 milion for $2 million or less. You do the math and see what HSDN breakeven would be. Also, if the investor was part of the pump how many shares did they buy to help run up the price to the .20's? Which shares do you think they sold first? Maybe this is why they still have an inventory after 100 million sold? Also, could they have shorted in the .20's?
I suspect through observation that we actually got $2 million or slightly less. We did not meet the requirements and therefore got no more money. This is why they are now searching for more cash and a new investor. Sometimes you just need to observe and put yourself in the place of Ken and the investor and see what they would do instead of using emotions and getting caught up in the pump or being part of it. Some are part of it because they are naive and others just trading off the naive and greedy dreamer.
Yep, to be 100% honest I was a naive dreamer and bought all the BS too until I stepped back and started questioning instead of being fed!
Sure neither gains or losses are realized until you sell. You are kidding yourself that you have either until you do sell, but mebtally what do you do? YOu figure you have a $40,000 gain so are complacent and think it will grow as soon as result hit you will be a millionaire on OD like news. ON the other hand you are down let's say 80K and you deny the loss saying it will come back. Thing is odds are it will not. Funny how some say this is a very smart board and I'll agree we have some smart floks, but you can be smart and have not common sense. Can you read the signs?
1) Most times you drill more than 2 holes but they chose only to drill 2 on RR. Was it due to money or something else and if we had $3+ million left then was it really money?
2)We did not do the second HC drill in the fall as promised and nothing else announced. Was it due to money or something else?
3)HSDN is still selling. Do you think if the investors had commited the full funds based on results they would be selling? What does that tell you about the truth of the results?
4)Why is Ken now scambling to get new investors and in his words describe the situation as a mess? THe new IR firm used the same words he did? If they had the funds would they be doing this?
5)Lastly, we all were sold Ken being honest and shareholders friendly right? I think BMB painted this picture and some other that monitor the board along with POPE. Could Ken on one hand be honest about what he thought they found and be sincere and on the other hand work with investors that would pump and dump the stock? Did this not happen now twice? So are we to believe that Ken was ignorant about this happeneing again or maybe just did not care as long as he got the cash to drill and that the results would take care of the rest? All I'm saying is Ken had to know and maybe figured this is just how I have to play the game and turned his back on it. Either way longs got burnt.
Sure you disagree because if you had to realize the loss then you could no longer deny it is there and reality right now sucks so denial is your easiest path. You chose not to see the blatant signs and are one of the many believers that are closed minded to the actaul situation at hand. For instance:
1)The deal with the secret investor for $5 million. Where's the money? Only finanacial on Yahoo show about $100K plus there is debt on top of that. They did not just make that up. Assuming they had more cash don't you think they may have drilled more than 2 holes or continued drilling at HC? Don't you think they would have bought another shell by now to move KATX? Off course then they would have to report their financials and everyone for sure would know. Common sense they don't have it!
2)Ken set up this pump and dump. This is the second one. The first is when they got started and blamed on the Howe St. gang. This is all on BMB FB information page. So we get P&D again? Hmm? Coincidence? Ken used the 'free' BVIG share to pump it up with paid 3rd party promos. The investor using HSDN sold and continues to sell into the price.
3)Ken has never delivered the BVIG shares and now there is doubt he will.
4)Now we get a new IR firm that is also supposed to, 'help us out of this mess" (Ken's own words believe it or not I don't care)Also, looks like the attorneys are out. The "best attorneys ever according to the pumpers"
5) The obvious share price from .25 to .02 collapse.
6)I guess we can add little transparency, lack of keeping us up to date as promised by blog, the late RR results which if you follow the selling of HSDN - so this is a wild speculation so you have to think. There's nothing there wort mining. If there was don't you think they not have unloaded down here. Again, common sense and observation that eludes the evangelical KAT shareholder.
7) Bent logic. Let's see if I sell now I get $10,000 back. I will hold and go down with the ship. OK, I know give me your $10,000 and I can at least enjoy it. Look they have no cash. They will have to do this all over again. After a RS your 10k may equal 1K or $100 after this is over. So you tell me would it be better to have $10,000 or $100? Your choice. I finally chose 10k.
OK- Disclaimer: I was told about this from a froend like many of you. I could have sold numerous times and at a profit in June, but bought the BVIG BS and bought more raising my average. Even bought more at .078 to bring it down because it would not go lower. Finally realized that this is a pink and that despite his sour demeanor Gump was mostly right. KATX is just another prospector that had a good story to tell. Ken's no saint or prospector extrodinaire either as we have seen. Time to face the facts that we were had and duped by those that relied on faulty DD, those more even dumber than us, and some plain crooks. Thing is you do not have to be stupid forever. I quit 2 days ago and no longer in that club.
Found that out a bit late in the game and was told by the guy that got me in the same BS you have not lost it until it is sold. So you wait and wait and buy more and catch a falling knife. Sold out all 602K shares yesterday figuring 10% left is still better than 0 left. I think what we have here is an inexperienced businessman that trusted others and got in too deep. Now he finds himself having to find another pimp if he wants to continue to play in the dirt. Thing is none of the pimps in this game are nice guys. They want a big discount and the are not hanging around long. So now all the scammers that want you to buy and hold and pump this thing that knew the game to begin with are gone or riding free shares and made tons. All I can say is buyer beware. Realize the game and if you choose to play get out when it is pumped and you have a profit. Just don't become one of those scummy pumpers that suck in other people and dump on them. For the hangers on that deem themselves the faithful this is not a religion. Having faith in dishonest or morally impaired folks like Ken that would do anything to make this work is a fools game. You owe your loyalty to yourself and family and not some mythical figure in a chat room made to look god like. Ken is very human and we are paying for it. Well, now I wait for my BVIG shares and a miracle. Sorry to those like me believed the BS and I wish you luck. My one post allowed!
I'm not buying and don't want yours or anyones shares as a matter of fact you can have mine. Thing is the IR folks are supposed to be nice, unlike the way Jack was. They will tell you exactly what Ken tells them. They are a mouthpiece and wall between you and Ken. Now if you feel after all that has happened you can believe Ken and trust in his abilities as a prospector and businessman then so be it. I wish I felt the same, but the evidence so far points out that much of what has been done is mediocre and suspect. I for one don't like being pumped and dumped and the CEO setting me up for it. I wanted transparency and only got cloudiness. While I do feel that MM's and the investor do not work in our best interest the ultimate blame is that of the CEO who decided to make a deal with the devil in hopes of beating the odds. Looks to me like he lost.
Why would anyone that positive say such a thing? Are you reading the tea leaves, using logic or know inside information? Funny, if there is great REE news from RR then why is HSDN still dumping? So, I have to agree the signs on KATX are negative. I'd love to know the buys vs. sells yesterday. There was a huge uncovered amount of almost 72% of all shares yesterday. Are the MM passing the naked short between then and it is mounting up? If so, now would be the time to put out good news and provide a bit of a squeeze don't you think?
Not supposition at all. The facts are there for all that wish to see. Observation and having your eyes wide open is all you need. I'm also very disturbed about the cash situation. Assuming the Yahoo numbers are up to date there is very little cash in KATX account and surely not enough to carry on any drilling at this point. This does make me wonder if we every received more than the initial amount. So we get news this morning of an IR\Consultant? I tought we already had a consultant. IR I can agree we need, but with so little cash in the bank do we an IR firm or could not Ken keep us up to date as promised. Well, hoping for the best and something positive that makes sense and clears up the mysteries surrounding this company. By the way if you think a 12 months holding period is a flipper I have to disagree. BTW This was painted by the Guru and some mods as being a $3 stock by the end of 2010, so maybe you should question their motives or being a long term holder. I know some are what you call fippers!
So you believe Ken is honest. Well, you could be right, but in that case he's naive and stupid and should not be running a company. He allowed our investor to set up this scheme to separate the companies and dilute KATX shareholders. Then offer shares of the new company based of what value he deemed HC worth and set the date of the distribution to when the investors could start to unload. This is fact since we know the dates. We also know by simple observation that HSDN has been unloading shares since July 17th. This enticed people to buy up KATX to get BVIG shares, which we are still waiting for. If you remember HC was a key property with huge amount of gold in the samples. Estimates were $1-$10 if I remember. Not only that but a third party, which I suspect was the investor did paid promotions of KATX.
So we had an artificial feeding frenzy to get shares. Once we were suckered in they started unloading on us, but pumpers said buy more and be patient. The 'flippers' you try to lump everyone into category mostly got out. The pie in the sky long term morons like me kept believing in Ken the honest CEO.
Well, IMHO he's at best lacks integrity, morals, and intelligence and at worst is a criminal. Either way us LT shareholders by choice or default suffer. The investors got theirs and Ken may or may not have gotten all his. That is still an insolved mystery.
Why would I worry about REES? We either have enough to continue to entice someone to invest and P&D us again or not. If we do I'll make sure to get off the train this time and if not we are screwed and doubtfully many of us never get our money back. As it is now I need a 600% increase to just get to BE. So, if some are wondering why I'm bitter there you go. Ken, IMHO has been a big let down. I'm sick at hearing how great and honest and shareholder friendly he is. He allowed the investor to P&D the stock by the way things were set up. He pumped us using the WE GOOD mantra and then using the BVIG shares to entice us to buy more then pulled the rug out from under us. Not getting the bVIG shares is just salt in the wound. Thing is what are they now worth? I'd venture to say maybe .01-.03 after the first day without some big news because there would be a massive dumping.
While I hope RR does find REES enoungh to continue it is a long shot. Waiting this long for news tells me the odds are not in our favor. If the investor took the money and ran because Ken did not hit it big then we have to dilute assuming we can find investors.
IMHO what they will most likely do is reverse our Katx shares to a value equal to what BVIG is and roll Katx into that. So we will be diluted once again, but be listed with fewer shares. Then they will sell shares to drill phase 2 on HC.
I'm hoping the above does not happen, but Ken's delusions of grandeur may have been dashed and we not so good anymore. Hoping for a miracle waiting for disaster. Anyone else feel that way?
Funny how the folks that went to the show in Canada are either now negative or have fallen off the face of the earth and don't post any longer. Seems the FB Guru and his go go girls are just a few of the cheerleaders left. Reality has sunk in that Ken's 'we good' words are now seen as very misleading. Not only do we not know the results of RR we still do not have the BVIG shares. WE also never did pahse 2 of HC in the fall as promised. The blog updates become a farce. No carbon credits, no foreign exchange, etc. etc. All just pipe dream. And the worst of all we were told how shareholder friendly and honest he was. Sorry, but Ken set us up for the kill folks. He got us to buy up KATX to get the free BVIG shares. Then as soon as you qualified they allowed the investors to dump on us. Yes, we were pumped and dumped. The records of HSDN dumping speak for itself. Ken not only has a lot of explaining to do to us but maybe the SEC also!
Since I cannot post on the topic on the other board I'll do it here. If you watch Level 2 you will notice that as soon as the bid gets near HSDN they back off. They are not buyers! They have been selling steadily for 6 or so months. They have sold over what the investor needed and beyond. I do wonder if we got the whole story. HSDN could have been a for this client before the deal was announced to us for all we know. This way the client could have brought their average cost down and might explain why so many shares have been dump by HSDN and why they are still doing so. If they are already well past their profit point they set they just may wish to take all risk off the table. Maybe they figure they can come back and do it all over again on BVIG or KATX when things calm down and some time has elapsed. Thing is small pink sheet companies with a story and little to no cash will deal with the devil as long as they can stay in business. They have to strike while the iron is hot and metals though cooling now are still pretty hot especially REES. So they play on the buzz word of today. Thing is at some point they have to prove they have the goods or enough to pump for more cash to justify another drill. We are just suckers 99.9% of the time on a roller coaster. Thing is we need to know when to get off the ride without killing ourselves. Me included!
Funny how many speculate that KATX has a hand held device to help in assaying on the spot and yet have no proof. Assuming they did and we do not care enough to even send RR #1 to a formal assay what does that tell you about Hole #1? Then about hole #2. Assuming it can detect REE then there would be an indication of them being there, but did'nt we already know that some time back? Maybe they are just hoping like us that there is enough deeper in the core to justify more drilling, but if the machine could give an indication in the upper core should it not in the lower also? This leads me to believe they either do not have this hand held device or it is not a good indicator of REES and therefore a formal assay must be done. While there is no proof they have this device or not, if it is as good as some say I would think they would be stupid not to have one as it would seem to pay for itself in no time and be a great overall tool.
So this leads us back to waiting for the final assay results and questioning why so long to get back to us. It does seem how the stock is trading (assuming those on the inside have knowledge many of us do not) the outcome is indicated by the stock price or confidence is at an all time low due to how things have been handled.
I'm hoping miracles!
That is true gold could rise even if we have another Depression, which is possible, but you might not get to keep it. The U.S. Government has in the past confiscated personally owned gold. If the dollar is no longer used and a new form of money is adopted then we could see a hyper inflation. All commodities will increase in price and rationing will occur along with riots. I hope it does not get to that, but if we do not get control of debt and spending and continue printing dollars the world will get tired of taking worthless dollars for payments as they will exceed the benefit of us buying their goods. If China stops buying our debt and moves the world to another currency our standard of living will tank. Once the world does not need the US markets to survive we are in trouble. THis is why we must get control now and not put off thing every year. Shared pain is much better than an all out Depression.
Yep, I have read all the post and DD since May and even went back and read the interview. Thing is Ken may not be pulling all the strings, but the attorneys and investors maybe. You did not refute any of facts I stated. So, I guess you are OK with the P&D that went on as long as we get our money and can continue. So what happens by chance if money runs out before they hit anything?
As it is now if BVIG is standing alone they will have to come up with an estimated about $2 million to do phase 2 and 3. So, they either need to sell more shares, get a JV to help or sell HC. I'm guessing that if we had interest in a JV or buyout they either have to wait for shares to be disbursed or none has happened. I'm thinking if they had a buyer somehow the shares would magically appear. So, may guess is they play the same investor game they did here with BVIG assuming they can find one and allow them to get their money back by any means possible like they did with KATX. Maybe this time they only go for 2-3 million. I'm still wondering if we got the rest of the $5 million or not. I guess when you come down to it Ken has to play the pimp to play explorer and not concern himself with shareholders and just say to himself I did the best I could. I mean I thought this property would be the one? Oh well, let's just find another and do it again. I guess as there are enough suckers wanting to get rich with gold fever and hitting the lotto there will be junior explorers and scam investors out there to take our money. Hopefully, many are wiser and figured out the game even though serioualy wounded financially and emotionally.
Question why did everyone trust Ken so much to begin with and why was he on a pedestal? Since I got in right before the pump all I heard is how great and honest Ken was and that he did 11 JV's at Cornerstone. I guess since people could talk to Ken before then thay got to trust him because maybe he's just a likeable guy. Did anyone ever see if any ogf the JV's hit it big at Cornerstone? Seems if they did their stock would be much higher so I think that answers that one.
So we look at what has happened. Ken stopped talking to all but slected folks. Back when they started it Ken was supposedly burned and the stock was pumped and dumped by some Canadian group supposedly and Ken had to mortgage everything to survive. Surely, that would not happen again, but let's look at just what happened.
1)Ken needed money so he used a private investor which was given 50 million shares in exchange for up to $5 million in cash if certain conditions were met. WE know they got some, but still unknown how much they have or will get of the balance.
2)The investor had to hold shares for six months or 7/15.
3)The date to get the BVIG shares was also set for the same time.
4)Third party promotions started popping up to buy KATX
5)People bought to get more BVIG shares since drilling was to start soon and HC was pumped.
6)7/15 arrives and remember everyone was going back and forth that you had to hold KATX to get those BVIG shares, but week later that was resolved. Seems Mgt. was in no hurry to clear that up back the.
7)The sell off started and HSDN kept pushing the price down and still continues to do so.
So is it a strecth of the imagination that Ken knew this pump and dump would not occur? He was in on or knew the dates to get the BVIG shares and when the investor could sell. He knew that removing one of the two best properties would hurt the KATX stock and that is why he granted the 1:4 distribution to shareholders of record.
Granted Ken was hungry for money with all the properties and plans. Maybe he thought honestly that one hit from HC or RR would bury the P&D sins. Thing is knowingly P&D your own stock is frowned upon by the SEC and subject to fines and jail or both. IMHO Ken had to know. Yes, maybe the great attorneys set this up with the investors and Ken just let them handle it, but he had to sign off as CEO. I just hope for our sake and his they have a big hit at RR or there will undoubtable be problems!
Well, don't you 'think' that if we have a JV on HC they would have announced it? Funny how positive speculation or hype not backed by fact is assumed to be fact on these boards because someone you trust says it or you just wish it to be so. I sure we could start a long list of things that was to make us rich by year end. I mean just look at the IBOX and the pretty OD like pictures. How about those firms that hit $3 within 6 months. Heck, I'm sure we will do the same. Funny how many so called longs traded this all along while pumping and telling the masses and newbies to buy and hold and now be patient.
I find it funny how simple logic is lost on the many longs because they have to now justify in their minds that it will be alright. That is those that were sincere and just not part of the pump and dump crowd trading this and knowing it was a pinky all along. I cannot reply today as I get one post only since I was a reality impaired long at one time. Funny how being down will open your mind to what is real. I just wish I had more post to call BS on all the crap on these boards posted!
AARGUS- It is quite obvious that while we did hit some gold in all 12 holes the width was not that great and therefore HC did not bring enough interest, at least at this point, to entice any buyers or JV partners. The Geos were unwhelmed also and that included all them pro and con the stock. Now we are unsure about 2 things. One is when we get the shares and two is how are we going to pay for phase 2 and if enough gold and silver found phase 3. Hopefully, each success brings in more investors, but a failure may doom the project unless gold goes way up from here and better sources are not available at a lower price. It is and reamins a very high risk investment. Let's try and keep it real and the pump to a minimum or else you just look like another person trying to uinload on the naive and greedy.
Did on another stock for years and nothing ever happens. Just a waste of energy and adds to frustration at this point. I'm giving them a bit more time to get their act together. If they come out with decent results a lot of mistakes will be forgiven. My mistake for figuring this was anything but a pink sheet and would be a P & D by the investors. My mistake for believing all the pumps and downright lies from the players. I'm sure there are a few good folks just brainwashed or delusional, but I think many are just scammers artful of the P&D and they make their money off building up dreams and grred enough where people loose sight of reality. They tell them to buy and hold while they dump. Sad some people feel they need to cheat others to make money. Maybe they had been screwed before and trying to get back what they lost they same way someone screwed them. Too bad that just maybe they forgot how it feels to be on the other end.
Well, either Ken was naive and gave control over to his NY attorneys and the investors and looked the other way or he knew. Your choice it happened and there is no denying that now. So, how else is Ken going to get the money? A bank? Doubtful. If you look at the history this was P&D once before when it started out according to BMB on FB. Was it not pumped to $2 and then went sub penny? Then supposedly Ken had to mortgage his house to fund the company? Ken has to have cash like any start up so it is not a strecth that he had to have an idea what was going on. I mean look at the dates. We get sucked in to buy more with the promise of 'free' shares. The investors start their promotion and we are now pumped. The investors can short it and walk it down with sales or just trickle it down slowly to get their money. So that is how and why we find ourselves in this mess. Heck, I think Ken believed that a find at HC or RR would make all this wash away, but so far no luck.
So now we need to find out did we meet the requirements to get the $5 million so we can continue the drill program? That is crucial to our future! We cannot do anything about the past now except chalk it up to being screwed once again.
As for the pump from SS that is just too much. It reminds me of a joke about a mule and a 2X4. Well, let's hope we get our shares and they have money to drill phase 2 and 3 at HC and a miracle happens at RR and there is a big enough find to continue and entice partners or a buyer. GL
Say what? Yes, if you were one of the few that got in at .01 or less. Most have much higher averages like me at over .16+ and down huge amounts. BO it is obvious now what happened here. I'm not blaming Ken (because I have no direct proof of involvement, but he should have known after the first P&D this is what was going to happen) You see Ken needs money to fund his exploration. MR. Investor, hedge fund, introduced by our great attorneys, say we can help you out. All you have to do is give us 50 million shares and meet certain requirements. Here's the first million go get them tiger. Ken now has capital and starts on his plan. The investors maybe even has some inside friends that can help prime the pump before 6 months is up and word of mouth spreads along with many promotional pieces to lure in investors and traders. Six month hold is up and now the investor has pumped this to the .20's and they set up a short position and start unloading causing a the stock to go down.
So, the investor gets his money and assuming they made enough they fund Ken assuming he met the goals they set and assuming they can be some what trusted. Now why BVIG? Well, easy that is their next P&D after they have finished with KATX, that is unless they feel there is another life here and maybe there will be some day after the smoke clears and the button is reset. Hey, no harm no foul, just some faceless greedy inevestors got fleeced, but hey they knew it was risky even though it was a sure thing according to friends, family, and pumpers. What goes around comes around!
Funny the KATX tear sheet fixed Burns to Barnes, but still has the share count wrong. Seems if they fixed one they would do the same for the other. What's the deal with that?
You mentioned on the KATX board day traers are not good except for allowing long to get in at a lower price or buy back in. If you are long why would you have sold and want back in. Would that just make you another flipper? I have problems with long that preach buy and hold while they are selling. Kind of seems dishonest and immoral to me that I maybe buying your shares at a higher price while you are dumping and driving the price lower leaving me a bagholder. Seems some board member like the newbies and pump to dump and recycle again and again. This screws the investors class that thought they were buying the 'real deal' being told to read the stickes in the I-Box and constantly preached patience while the stock went down from .20's to .025. Seems some are nothing but con men wanting you swallow their line and if you question you are a whiner, impatient, told to just sell, and made to feel inferior. All the time the pied piper post mistruths and half truths and hype which his throngs pass out as fact. The use the same tactics as some basher trying to change the subject and post the same DD again and again figuring if you say it enough people will take it as the truth even if it just shows potential. It does not matter if the odds are 1 in 10 or 1 in 10,000 to them it is to get you to buy and stay in the game. The truth is whatever they say it is and you better not voice your opinion because like children they will put their hands around their ears and say loudly, I can not hear you!
Logically, the company has promised the shares and if they fail to deliver or change plans without delivering on the promise this would further hurt their credibility. I also feel a Reverse Merger with the decrease in shares would also hurt and many would feel this is taking away more than you are getting. Many of us felt they should have just rolled over the original whole company to the BB market, but too late for that now. I feel that best to just find a new shell and do it like it was planned at the beginning since we have gone this far, but not sure if their finances will allow this. Their expectations of hitting it big may have been altered and necessitate a change of plans. Seems, the euphoria from Friday was short lived. I do appreciate the update, but still nothing resolved at this point. GL to all longs.
Notice HSDN has been a .055 since the first of the year? Yep, they cleaned out their inventory. So, if Ken can prove they never sold any shares it had to be the 'investor'. Who else had 50 million shares here? I'm waiting? Now, who said they were restricted? Funny, not in the release that they were and I do remember that funds being issued were dependent on certain things happening. I'm betting the certain things were that they could unload their stock for enough to pay the $5 million plus a tidy profit. This was nothing but a back door PIPE IMHO and what caused the walk up and down of the stock. I believe these consultants new exactly how to run this little P&D. They made money on the pump and dump shorting. So now it is over. Did Ken know this was going to be done to get the $5 million or did he think they actually had $5 million in cash? Is Ken that naive after that happened before when he started? I'll let you decide. Sometimes it is easy for start ups to look the other way. They are money hungry and need the cash or they cannot explore and drill. It does not show as debt on the books and certainly no bank is going to lend them money to explore. So, is it over now. I hope so, but that is not certain as RR has to show proof that it is worth further expenditure to drill. Just be aware when HC needs funds and that private investor shows up what the game is because I can guarantee that if we have to finance they will do this to us once again. Next time I'm be ready and not a pawn!
Since I only get my one post I have to reply on your FB post. I wholly agree. There is no discussing things there. They do not let you post or delte post they do not like. Question someone and you are called a basher,baby,impatient etc. etc. I guess since Geo Newfie stated his opinion based on what he saw and did not follow the BMB playbook he's now being attacked. I find it amusing that these same posters copy and paste BMB and then come on here and pat eachother on the back for a great post. The sad thing is most have no clue that they are just being used as pawn. While they are told to be patient and buy more those running the show are selling. BMB posted a conversation with Ken I believe on the 24 or 25th where he stated he would clarify the 22nd post and contact IR. This was supposedly from Ken's Blackberry. Speaking directly to a shareholder is dangerous if information is deemed inside. That is what the promised blog was supposedly for. So who knows Ken besides a brief meeting, email or chat? How has he been given saint status and is he deserving?
OK- Call me a basher. I'm holding a huge loss listening to those that I trusted like many here. I call it questioning and trying to get at the truth which seems hard to find.
GeeSloash cool it. I just saw what I perceived as a difference in the regular pumping tone. I guess you were an early adopter and still have not lost money or traded while you were pumping like some other longs here. Too bad many bought on the pump like me and added all the way and now down huge believing all the hype. It does make me wonder if the BVIG were not a hook to keep you in the game because after that we tanked. Here I was bashing folks like Tradersrule because I thought he was bashing KATX. Thing is I owe him and I guess Gump somewhat of an apology since I was booted and restricted to one post for attacking them. I still do not like how they necessarily deliver thier post, but had I of listened to them and sold on the pump I would not be down 85% now. Point is listening to the pump and hype has done more damage than listening to the bashers. IMHO, HDSN was working for the 'investors' who helped with the pump and looks like shorted on the dump. I'm hoping this has another life and we get some great RR results, but I'm not counting on it. AS for buying up the claims around RR I guess they did not want what Vale did to them around Lucky to happen agin and just prudent in case they hit REE. I hope you me and all the longs have a come back, but stop the endless pumping OK!
Well, Splash looks like this last PR has poured some cold water on us all! You seem kind of down and hey I feel your pain in spades. Faith is certain people has been highly dimished as their credibility is questionable it seems.
As for HC and like you said assuming we get our shares (which I still hope to see) unless they give people a reason to hold there will be a selloff at the beginning and if no buyers the stock will drop quickly.Like with the issuing of the share announcement people need a reason to not only hold but to buy shares. They will need news like drilling phase 2 will start soon, a JV or a sale of HC. IMHO I'd love to see them sell off HC and move KATX into it's spot and just change the name later on.
It would be nice for people to get back their losses with a HC sale. So far nothing has lived up to the hype.
So who is mad at Ken? Anyone? Did they not promise to keep us up to date on the Blog? Have they? Do you think if they set the tone and expectations we would be sitting here now? Do you think they could have waited on the partial PR or maybe mentioned the RRES and not use the term sub economic copper? How about the second phase of HC in the fall? How about the HC shares? Yes, all promised but have not happened and yes Ken is the CEO so it is his fault to straighten this mess out. He lack of effort at this point seems to show he's not the honorable man he was framed as by posters. The longer this goes with his select conversation to friends of Ken he just opens himself up to more problems. Can we says SEC? So far, count me as unimpressed with both his mgt. ability, style and his propecting ability because he has not produced as of yet at least! Yes, count me as very mad!
Well, I'm not a happy camper at all. I'm also not impressed with mgt. at this point and am down 90% so I find it hard to be cheerful and I'm not talking about a few thousand either. So, count me as highly disappointed. If they cannot put a PR out in laymen's terms or with an explanation or what their saying means why bother? You use words like sub economic and what the heck do they expect? IT just shows if they thought that was good then they are out of touch or did not explain things properly and should have followed up with a blog or something versus pooping on the Holidays. I thought Ken was shareholder friendly, but all my emails are ignored, yet they choose to communicate with some? There are so many questions that need to be cleared up. All I can say is they better have some blow out news and fast or I can bet many long term holders that were loyal Ken lovers will become haters and be calling for the SEC to put him and his brother in jail. People don't like to be hyped and loose all their money and most here came by family and friends. These relationship will be damaged and who do you think they will blame but Ken and others that got them into KATX. Lastly, they will blame themselves for being idiots. I hope this story has a better ending for all involved.
My dog lucky I was referring to KATX and not BVIG. Sorry for the confusion, but I'm only allowed one post on both boards and luck you gets a reply. Since so few shares are in BVIG I expect one of the dishearten sold at market and knocked it down. It would not take much. Ken needs to get a clue about communication with shareholders. They set up the blog to do so and have failed to use it properly and instead certain people get access (supposedly) with Ken and deliver it to the unwashed masses. Ken needs to explain wht the news Thursday was not bad and why he feels it was misunderstood. The damage to trust and faith needs to be stopped quickly IHMO to stop the bleeding.
Art it does mean something. THey have to cover, but they do so by selling to other MM mostly and therefore the naked short is passed around and accumulates. Who knows how many real shares and naked shares are outstanding and to cover this 10 million they now have to inflict more pain. They are out to take KATX out so they never have to cover the position because if KATX blew through the roof and hit $1 they could never cover. THe only other way they can win is to now do another pump and dump. They drive it up while they cover and play the game all over again. These guys doing this are crooks. My only question at this point is who are the players and crooks in this game. I would like to see them exposed and jailed or like to have my way with them.
Sorry- but the WE GOOD rings very hollow since the drop from .25 to the low .03's the last 6 months. I'm very disappointed with the leadership so far. IR has done a poor job IMHO managing expectations. Maybe we have also been a bit delusional by all the hype. The average Joe despite the DD is pretty much blind when buying this stock and knowing what to expect, myself included, as to timing, money and how the game is play. Also, there are dealing with MM's and players with all sorts of games being played and we unknowing become pawns if not schooled in this game(again myself included) Yes, we were told KATX was not the average pink sheet stock, but undeniable it seems to be. It has all the MM games, naked shorting, pump and dump and other features of story stocks that bring all shorts of fraudsters with it. Management is the only one that can fight this evil and so far they have failed shareholders IMHO. I join the chorus of shareholders at this point wonder who to trust, if any one at all. This is truely sad at this time of year to feel this way.
Funny then if they have enough why is China buying more? That's right it is using Gold as a currency since the dollar is down. So what level are you at now?
I think we can all agree on one thing regarding both stocks. It is
time to get get an update on where we are at and going. I feel I've been held hostage waiting on some news that will get us to dollar land and it just never seems to happen. Will it be rags or riches, Steak or beans on will we remain in limbo?
Sounds to me like they maybe behind schedule since we were to drill this fall on HC. Looks more like sometime next year. Not sure if we are waiting for shares and will need to sell some to fund phase 2 and 3 or for some other reason like a JV, investor or if they are selling. IMHO they need to use the blog to communicate or get rid of it. Also, many have asked about web site updates and corrections. Are they so busy they cannot do the little things or is it they do not care. They need to get us some red meat and soon or their Goodwill,trust and faith of shareholders will quickly turn on them as no one likes to be taken advantage of and trust once broken is hard to regain. Again, I'm in hopes as a long that the lack of staff and priorities have caused the problems and they will be corrected.
Same here Big Owl. Nice to see good people on the boards versus the little minnie mobsters posting from parts of NY and the Italian district. Hopefully, news hits this week for us and we do truly have the Merriest of Christmases.
While it seems we are in the right place at the right time we have to strike while the iron is hot. For those of us that have been around we remember gold at $120 an ounce and have seen it go up quickly only to plunge later. Same with Real Estate over the years. Things go in cycles. WE need to light this candle! As for our shares I'm ready also, but would prefer they be issued with news in the works to prevent a selloff. Ready for RR news!