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That is promising. I wish they would announced phase 2 starting at HC. I also wish they would get the RR results out soon. This has been a rather depressing stock for some time to hold. Seems we are waiting for news on Lucky and Vale accepting the option, HC next phase, RR results and geteting our shares of BVIG. So I say it is time to light this candle and get a bit of good cheer for all this Christmas!!
Ameritrade is working also. While I think we are getting closer I expect we don't get our shares until news is either out or imminent so as to avert a selloff. Since BVIG will most likely need to sell shares to continue drilling assuming we do not have a pending sale they will need as high a price as possible (and you would also as to lessen the dilution)to sell the shares. Now if they have a pending sale they maybe holding it up until that is near completion. Just a thought.
I think what happened was this. THey had the 6 month lock up and felt this was a mistake and so figuring that they were drilling HC they would get the lock up removed in time for results. Well, do to the change it took much longer and now with HC Phase 1 news past there would be a falling price if shares are issued without phase 2 drill results or pending news of a slae or JV in the Pipeline. So I'm guessing, maybe hopefully, that they issue the shares with news. IMHO HC drilling starts soon or we get news of a possible buyout or JV.
I suggested a while back that he back off and let IR and the PR's do the talking so that there would be no SEC problems. I also like the small town feeling, but when you are a listed company best to play by the rules and not get million dollar SEC fines like one of my previous companies got. With limited cash they could bankrupt a small company or cause more dilution as shares are sold to pay for the misdeeds.
Seems many are excited about the potential of RR and HC. I hope that it is a great life changing experience for us all. What do you feel RR and HC are worth to the overall stock price? Anyone?
At this point I'm more concerned about just getting the shares and making sure the are issued with some news otherwise I fear they will just fall. Remember these were really not free shares. We lost value in Katx as soon as the HC property left the fold. I'm not sure of the real value as I came in at .09 and watched us go to .25. So if we split it that puts the value at .17 minus our say .07 now and that is about .10 a share and since we got one for four that should value BVIG at about .40 as a rough estimation. Thing is that is just what we need IMHO to replace the value lost. Now if we have no news and a flood of new shares we will undoubtable go down unless no one sell and without news I don't think we have many buyers. That is why it is important to have near term pending results or actual results at least on phase 2. Just my opinion. Let's hope RR hits big and gets us to dollar land so BVIG will just be a bonus.
Sorry being down 60K in KATX I have little sense of humor at this point. Still sticking it out based on DD and the Pope report. I guess I'll either be real happy or very pissed. GL
No, I would not take the risk of buying at any price at this point. As it is I will own 144,430 shares once they are distributed. At this point I don't know if they will be worth 0 or $500,000. I guess it all depends on drilling and proving up the reserves or what someone is willing to pay for it. I had thought we would be drilling phase 2 by now, but it looks like maybe they are still drilling RR. I have already put more than any sane person should put in these so I'll wait it out and hope that the Pope's reading come true. This mystery should have a conclusion before year end unless they are drilling RR to China.
Yes, the price of BVIG really is misleading and could be about anything. It really does not matter since we do not have shares to trade and at this point there is no strong reason to buy unless you are purely speculating on the chance that some huge news comes out before our share distribution is made. Time will tell if they are worth nothing or dollars or somewhere in between. Let's hope for the best for all us longs holding.
Well, here's my swag on KATX and BVIG. HC is sold for the equivalent of .50-.70 a share leaving the BVIG with no properties. KATX reverses into BVIG and keeps the name and symbol KATX but now OB versus PK. Saves us from having to buy another shell and gets us off the pinks. Off course it is all just mental masturbation at this point for the bored masses waiting for something good to finally happen and stop the bashers and hypsters. Ready for reality and truth and not all the BS we see daily. Rick at least you are positive but not pie in the sky. Thanks for keeping it real.
My opinion is that they will never have a product as that is not their goal and would be an accident. Yes, you can buy and flip and I guess I morally have no prblem with that as long as you never pump or try to sway others to buy since it is just worthless paper. I guess I just have problems knowing what I know after owning this years ago and seeing the same scam on a new idea done year after year with the same model. I just try to warn folks about frauds and ponzi scheme stock deals like this. GL
Spelling Lessons on the KATX board. Today was just the MM going back to the pattern of raise it up in the morning and cover in the afternoon. A mini pump and dump is all. It is typical the buyers come in eraly before 10 assuming possible news by 10:30 and when it does not come it starts back down. I guess until we get results by what maybe mid December? Who knows since they have not announced the end of drilling even yet. Seems HDSN has a never ending supply of shares to sell. Maybe when they get to the last one things will turn around. Now would'nt that be odd?
Yes, kind of like the cable deal in SC with the operator on the BOD and all the foreign deals. Looks it is all hype and they never do anything. It is just a way to move the stock and sell shares. So how many billion shares does XDSL have now? Funny I can remember when it was an $18 stock during the bubble days. It just amazes me how long you can run a scam like this and actually get away with it. I guess there is a fool born every minute and all you need is a bigger fool to dump on. Well, good luck. You see how to make money on XDSL is all those sucker sell at year end that bought on the pump. You buy and this repeat year after year. You just have to sell and not believe the lies or try and pump the stock. That way I guess you can profit and not be part of the scam.
So they just get a positive test on starting the battery? I thought they sold a flashlight for like $500+ that had this battery in it? Funny you would have thought they would see if it worked before they sold a product or was that all made up?
LOL
While I agree KATX and BVIG can tend to make you a bit bi polar you seem to be flip flopping quite a bit lately. It is OK to question things and IMHO healthy, but at some point you just have to either let it play out or move on. While, I'm guessing I'm down more than 90% of the folks here since I over bought and bought on the way up I have decided to wait it out and see what happens. I'm not saying anyone should do what I am doing, but at some point you have to decide right or wrong. GL
Why do you feel BVIG shares will go up? I would think once our shares get issued that will have a dilutive effect. Also, common sense tells me that while phase 1 was positive in and of itself there is not enough product in the ground to make it feasible and therefore they said a phase 2 needs to be drilled. Then and only if this is succesful they do a phase 3. I could be wrong and maybe they are just trying to get the value up with proven reserves, but they said they would not go to phase 3 if 2 was a failure. Maybe speculation will drive the price up assuming we have actual shares, but evn that is not a given. Many want real proof and since Ken does not play the promotion game (good thing IMHO) I'm not sure how many buyers come in. It is really pure speculation until the reserves are proven in any property. We do at least know there is gold and silver there just not it's value or feasibility at this point.
I do assume that we are now looking at 12\15-12-25 for RR results. I also assume that we do not start drilling HC phase 2 until after we have results from RR like we did with HC. So not sure we even start HC phase 2 this year. Seems things taken longer than most expected and hoped for. I do think expectations got ahead of reality. So, I will wait and thank Ken for the long awaited update and hope they use the blog as intended to keep us in the loop. To me a mans word is his bond. Credibilty is key to keep trust alive. Good luck to all longs. I suggest you listen to the Grantham interview on cnbc (www.cnbc.com)today especially around the 20 minute mark. It speaks volume to what we have potentially have. GL to all us longs
Read your post on the KATX board and agree with you. Many here have different viewpoint also based on how mauch they are down and when they entered and boaught at. I'm not thinking there was anything dishonest on the distribution, but it shows they and their touted attorneys kind of messed up IMHO. They may have tried to do what is best for shareholders but failed trying to change things. Another reason maybe timing of the shares. Seems to me you not only want tradable shares but some news so the price does not tank as all run out the door trying to get what they can. So, maybe they should have in hindsight just stayed with the 6 month freeze. By then we should have a better idea what HC is worth, if anything. I'm not sure if it is feasible at this point to mine and they are trying to prove up more or not and then need more gold and silver to make it worth while and therefore need two more phases.
As for KATX- Yes why have a blog, promise to update and then do nothing. It just looks like they have nothing to say or they do not care. It definitely hurts their credibility IMHO.
Oh well, as they say, "Go big or go home" Let's hope things turn around soon for us. I'm down big and need to over double just to get back to break even. GL
Yes, met the folks at Mphase years ago. Back when they touted pot spliters and the such. Just trying to help the uniformed. I always say if you cannot trust the CEO and he's a criminal then better to stay away. I mean common sense should tell you not to deal with crooks, right? THat is unless you are just doing this as a trade figuring to make money off the naive and scamming them? Then does that make you any better than the crooks? Now if you are no pumping and driving expectations and just doing it with play money and know the risk. That's fine as long as you are not playing it up and doing your own pump and dump. You always can write off your losses. WEll, GL to you.
Hi Doc. Yes, sorry to say I have followed and at one time owned some of this garbage and met Durando when they ran their operation out of Ga Tech in Atlanta. One of their top guys was a client. Durando was indicted for pump and dump. He sells stock and not products. By the way Doc you from Valdosta or Griffin Ga.? If you are into the old west you may wish to visit this site every Tuesday night EST at 10 you can visit the Haunted Saloon. This is a web show out of Tombstone, Az. And sometimes Doc visits the show. The web address is www.hauntedsaloon.com The saloon is owner is Terry 'Ike' Clanton. Yes, of the infamous Clantons. An actual relative. Interesting enough there are two sides to this day on the OK Corral shooting.
Good luck
No this company is nothing but a scam!
Do your research. This is a big scam and Durando has had previous run ins with the SEC. The last one he paid a fine for a pump and dump. He has never got a product off the ground and is a consumate con man. He uses big name Colleges and pays them to make it look like they are legit. The guys smart but all you are getting is worthless paper and that is what Ron is selling you. Stay away from this garbage unless you are here just to scam a bigger fool!
If you do the math in the example that would make KATX a $100 a share. Yes, with 603,220 shares that would definitley change my life and that of many others. Actually, $5-$10 would allow me and my wife to retire comfortably and get her the new house she wants. At that point anything I got for BVIG would just be icing on the cake. Since no one but Ken and a few select people have any clue to what we really have I suspect we will all be very happy or very sad within a few weeks. Folks like me deep underwater I suspect are a bit more impatient and rightfully so. We got to the party late by invitation and right when we were having fun the DJ and hot girls all left. I'm waiting for the party to get going again.
According to Pope this is a life changing stock. I hope they feel that way and only have 50,000 and need $5 million in value to consider it life changing. I'm sure that comment means much different things to people on these boards. Any way the effort and cost and communication from Pope is appreciated. Heck at least it is something positive to hold onto and the actions today and this week will either back up or discount the positive comments. Best to all longs. THIS is my only allowed post on Ihub because I was a bad boy fighting the bash brigade, which for some reason still remains? Go figure. On at Yahoo.
Rick- I don't think we should be buying anything at this point. I don't see that we have a ton of cash. We don't seem to be able to handle drilling and working all 8 properties with both companies as it is. We need more cash and man power. I'd prefer to see some success and cash flow from what we have now. I surely do not see how buying a mine so far away from what we have makes any sense. Now maybe if it was close by our gold properties and they could share processing it might.
Also, very disappointed as a under water shareholder that we get no news it seems this week about RR or anything regarding the show. I feel let down by management. Maybe if they set the agenda with general time lines and expectation it would have helped. Instead, many bought the hype of a $3 stock by year end while we are at .07's. I own my own decisions and bought and held unlike many of the so called loyal longs. Oh, well go big or go home as they say down south. Thanks for keeping it real.
I agree the statement made by Splash was not wise. If he's knows something more than the rest of us and was told by someone at the Co. and blabs it over the BB then he puts all our investments in peril. I went through this a few years ago with a Co. and saw the CEO let go and a million dollar SEC fine along with other cost.If he is making it up then it tells you something about his moral character and you wonder what his motives are. Well we saw the outcome yesterday. Being down huge already I really do not need his help. (THIS IS MY ONLY ALLOWED POST)
ONly one post for both boards. Guess you saw this? PKP, I am convinced that there will be no samples from RR.
I think that there could have been delays, but I know that as of monday nov 1st, they were still drilling the first hole.
Ken will not have samples from RR, he simply cannot show anything before the cores are sent to the labs and the results available there after.
I can wait...
So, how does he know this? I saw no blog or PR did you. This is troubling that some have information not given too all and why the promised blog updates I guess have been quiet. Off course this person could be playing games and wanting cheaper shares. This is why IMHO they should have given a broad timetable with a fudge factor for delays. So much for transparency and this again brings up credibility of management. Now some have a saintly view of the Stead's and I'm not one to throw stones since I do not personally know them, but to those like myself who bought up on the pump and now find themselves down big time I find it hard to have faith in them at this point since the expectations have so far not come anywhere close to the reality. Maybe all the great DD, with limited knowledge of mining and the odds of success are not helping either. Off course the comparison to OD,Voisey Bay, Duck Pond etc. along with the 3 companies our attorneys worked with becoming overnight huge gainers has not helped put any damper on huge expectations. So we carry on and hope for the best. Good luck to all longs!
I sure hope it is better than yesterday! I do wonder when they will start drilling on phase 2. I'm assuming before month end, but maybe I'm being overly optimistic like I have been about the stock price! This has been pretty darn dressing for quite a while. We Good has lost its luster and needs to be proven and just not a catch phase.
I don't no anything since they are not talking to us. Again, why start a blog, promise to update and then not do anything? Does that help or hurt your credibility? Now if you are not going to update the don't promise to do so. Is that so hard to comprehend?
So all this leads to now is more speculation as to why no news. A general statement on stage of completion and broad idea of when the assays will be complete is all that is needed. I'm not sure Very good has any meaning anymore. Maybe we need a Very, Very, Very infinity Good.
LOL
The chance of this hurting their credibility,and affecting the moral of shareholders is non-existent,because not all investors share the view points of IHUB posters.
I strongly disagree. It is evident on the KATX page that many feel the promised blog is important. If not updated it shows it was an empty promise and maybe should not have been made. IMHO, I think it would help if they gave us a ballpark time frame with a fudge factor. I find it funny that the self righteous say sell if you have to be updated. Funny thing is I'm betting they are not underwater like me and many others who just maybe a bit more concerned and these samefolks probably traded while pumping and wanting others to buy and hold. So when the buy and holders get these remarks it is like a real slap in the face since many were told about KATX by friends and family. Yes, call it hand holding or whatever you want, but a promise to update that goes unfilled does hurt credibility!
I think all many are saying is this was not handled very well. It looks like it maybe close to the restriction time any by the time we get the shares and that maybe well and good since by they we should have a better idea if HC is feasible or not. Point is how it was set up to begin with was bad since there were few trading shares. I guess if the first drill was huge then those few holders would have been happy. Was that on purpose that they would get first dibs on a big find or a mistake? So they release the restriction and then find out it is not so easy to do so. So in the end IMHO it hurts their credibility and hurts the morale shareholders. It also offer the Fudsters constant ammo. So, let's get the RR results and all retire as millionaires. Wake me up when we get there.
I suspect some outside influences and maybe by the more liberal bent NY law firm. At this point I'm not so impressed, and with the problems we have had with the BVIG shares they look spotty at best. We definitley need a big win in my opinion to bring back the air of credibility. Many here gave the Steads the benefit of legitmacy since a friend referred them to the stock and the DD done by the posters. Since mineral exploration is a blind investment to many here they feel like they have been pumped and dumped. This is not to say that the Steads had anything at all to do with it, but more likely the shark MM and some posters were involved. Either way the damage is done and credibility hurt due to it. We need a big win. Many here were taken in I believe with a bit of gold fever and the comparisons of Olmypic Dam, Voisey Bay, and the examples of what happened to 3 companies the law firm worked with share price spike. While all or some of it could still come true in one respect or another it does make one dream and block out some possible harsh realities we are dealing with now.
Rick it seems Ken has some lofty goals as you say. The Carbon credits I feel are not viable at least in the US this idea is waning and seen by many as a shell game. Not sure what happens to the Asian markets, but with the problem we are having with our own best to wait on that I guess. It seems to me he might have bitten off more than both manpower and funds allow and is moving slower than anticipated. I'd prefer just to see RR drilled, the second phase of HC drilled and get our shares at this point before year end. IMHO we need some success to get us going and attract boyh individual and big investors interested in funding,JV's, or buying part of us out. Heck, give me $5 per share and you can have the whole ball of wax! BTW thanks for your great post!
i'd ignore the one who brings up the same subject every day. HDSN still on the ASK on Katx but did bring their BID up a penny to .06. The next few weeks should be interesting. I hope us longs get some well deserved good news and that KATX makes history in Canada.
Yes, would'nt it suck if they sell HC for $1 and you could have made a $100,000 or more but chose rather to bash? I would just feel sick of the thought of you missing out on all that money.
NOT!
Yep, the dollar is down yet again as the US hopes to inflate it's way out of their mess and at the same time deflate our currency to boost exports. It is a fine balancing act as they do not want interest rates up since this would hurt our debt situation, stocks, and the overall economy. As it is now we are more deflationary and they are trying to avoid that at all cost. It will be interesting to see what happens with a partial regime change. I'm not sure anything will happen except spending possibly being cut and some plans being defunded and therefore halted. That in itself could help the market. Not sure if it changes our situation at this point. I say let's get going why the iron is hot and if HC phase 2 proves up let's unload it to pay off shareholders and provide future funding assuming it would not be feasible for us to try and get into mining it. Maybe we can get .70-$1 or more per share or more?
Rick- you are just to nice to these bashers. Great news on the drilling starting today. I'm banned and only get one post here now. Thanks for all your upbeat and informative post. I hope we are all rewarded big time and become instatnt millionaires on RR results!
So they just have to get them to us before 1/12/11 to do better than expected with the restricted shares. I'm guessing since they were not ready for the first announcement of drilling results they will waiting for more news like suceess on RR, the second phase drilling staring or results or maybe Twi-lite shares. All I know is we need something to ignite both stocks because we are in the crapper right now and like you I'm down big time, but would not think of selling with RR about to tell us what's underground!
I agree they do own the property and this was brought up in regard to the Cabot property also. We wonderered where it would be placed due to the supposed high gold content along with other minerals. Ken said KATX. The only one I have herad even mentioned to go to BVIG is Twi-Lite and no one has really talked about that much. I'm assuming with all the trouble just getting Kat Gold off the ground that one will be sometime next year. I think like most people we want to do alot more than time and maybe money will premit so they have slowed things down and just focusing on the main two properties at this point which is fine with me. I just want one in the win column and to see the stock at $1+. Gold, Copper and Silver are all looking real strong!
Can't wait to see RR drilled and later BVIG shares in our accounts. It will be nice to see six figures again!
Thanks for beating down the bash Rick. With the uncovered sales at 67% of all trades on Friday I figured the bash machine would be going full blast as they attempt to get KATX down before drilling results come out. Amazing how cheap they are that they are not willing to pay .08 to makes possible dollars for .02, but I guess they are just non believers and only see this as a day or momnetum play and that is it.
Do I see yet another new MM- INTL? This is my only post. Did everyone see this?
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
Based on a pre-defined weighted trend formula for chart analysis, KATX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average
+15 New 3 Day High on Wednesday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, Week Ending September 4th
+30 New 3 Month High in May
+55 Total Score
We have finally turned positive so I hope this protends good news!