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No not yet and it maybe a while. Jack recently stated it will be sooner than the six month restriction, but it will take some time. It is my opinion, an opiniononly, that they made a mistake not having trading shares ready with the news. Maybe they held off this time to allow for future drill results before opening this up. That would make sense, but not sure the masses will want to wait that long. I think the price will go down either way even with little float since there is little news to be had for now. Once issued you will have those that take the money and run and those that hold to see results assuming they are not out at about the same time. Let's hope HC brings a ray of sunshine into our lives.
I see the BVIG share are heading down despite little shares being out there. I tried to warn people not to buy until after we got our shares as most likely it will head down unless they are released with stellar news. I'm thinking the shares will most likely be here before the second drill results. I expect some to sell and try to drive it lower and buy back on the cheap. Off course good news and a JV will send it back up. It would be a nice Christmas present to see this at $3!
NOt happy with the price, but pretty happy that the copany is proceding on both sites this year. BTW Go DAWGS!
Well, since it is that limited I guess it won't take long once it starts what are we talking about maybe 2 days a hole? Add 4-6 weeks for results and who knows 2 months might do it. Hopefully, it will be so outstanding that we can sign a major JV at a 50\50 split.
That maybe a bit early. Since RR has not even selected a driller yet and it seems to take at least 2-3 months to drill I see that as being very optimistic. Seems things move a lot slower in this business between government red taped, ground work, possible weather and road conditions, equipment problems and the like. Good thing is they are both on the slate to get done and maybe if we are lucky they will be done by year end. Either way we either gut it out and not worry about what is out of our control, which seems to be both the market and company timing, or bail. As painful as it is I' holding in hopes for better times. All the $3 by September hype I think is Dead now. Maybe by this time next year we see these kinds of prices if we are successful. Given may choice of only one I'd like KATX at $3 since I own 4X the amount of shares. GL to all longs and screw the flippers, pimps, liars, cheat and MM's that manipulate this stock!
I think Jack was spaking for both. I just do not think they have the resources to do both at the same time at this point at least depite them being separate companies.
Do you realy think so? The MM's will do the same with it. THe BB stocks are just a slight step above pinkies. There will be a flush of shares from those wanting it all now which will crush the price IMHO. Then it will gradually come back as they drill. Now if they find we can mine it we are in good shape depending on the results maybe we see .50 to $5.00 who knows. If not, it will have worthless paper until they move Twilight and then we do it all over again.
Heck- I have been literally cut in half plus a bit. So what to do? I guess I can try to muster up some cash and try to reduce my average or just stay put and not look at this as much because it cannot be good for your health. I won't live long enough to take all the losses I have since I have no gains to go against. Does between a rock and hard place sound about right? I sure as hell hope they have something or I might just go postal!
Looks like the MM will keep a stranglehold on us and they will continue their allowing to run and then short and walk down routine. Amazing that the SEC and FINRA just let blatant stock manipulation to continue to rob small shareholders, but I guess since they allow big players to flash trade and ping the prices and front run, which is illegal, they don't care about us little guys. I do wonder how much is going into their pockets to just look the other way or are they just that too stupid and lazy?
It is depressing having good news sold off in a matter of a few hours like it never happened. All it did was suck in some and allow the short to cover, ride it up and short again at the high. Thing is if people don't see a way to win no matter the news why even try. It is like bend over and enjoy it this time. This really sucks for all the good folks that got sucked in and rec. this to friends and family. Let's hope we hit pay dirt and this nightmare ends.
WEll, that is because there are not many shares that can be sold. They have not transferred our shares into our accounts. I'm sure once that happen there will be some action. If you want action go to KATX.pk and you can play in the daily pump and dump game they seem to play there.
We will see what the results bring us in a few months. Hopefully, why we all bought into KATX. It is the mother of all risk because a big hit means riches and a miss will mean disaster if the crown property flakes out. It is not an all or none, but pretty close. I wonder if Hudson is trading and shorting for their own account as a maket maker or working as a BD for someone. It is easy to figure Etrade is retail and I have seen that many use them.
Sorry, other post meant for OWL. Seems like Ken threw the shorts a message. With a 25% short yesterday or about 2 million shares it looked like they would try and take it down further today. The news kind of surprised them I think, but I would no be suprised if the MM's doubled down on the short since they know results will take probably 60 days or so like with HC and attack once again. Not sure anything but huge results along with a huge JV or sale will stop the onslaught from the thieves. I'll just hold and ride the waves and if I get some cash buy and try and bring my average down I guess.
It is up to you Max. I just wonder what were they thinking? It made sense to release the data but with no trading shares that is just dumb. So they take off the restriction and we still have no trading shares, but it will not be as long as 6 months Jack says. So either way we have nothing. IMHO this was just handled poorly. So, now we sit with what are now with the decline in KATX price pretty dam expensive BVIG shares and we have no idea what happens when they open for sale. Seems we have results, but really have no idea if HC will be mineable until at some point they drill again and we get those results. I suppose at that point they know what they have and proceed or tell us it was a bust. Either way we really are not sure. What can I say? I guess I'm like a lot of you in that we are not happy campers, but hoping for the best. GL to longs and screw the liars,cheats and manipulators!
No reason beating yourself up day after day getting the same answer. Besides it will happen with or without our calls when everything is ready. This way it will be a surprise like Christmas morning. Thanks for the effort and I hope we all get better days and news soon because this is getting real old!
Hopefully, that was our capitulation and we do not have to go lower. Got to get to work because at least at this point retirement off KATX and BVIG looks remote. GL
Well, the traders and MM have taken us to their current goal of the 200 MA. I'm hoping that is all it goes and longs don't just capitulate. I'll admit I'm down large but not selling, but it is not easy or pleasant to take. All I can say is try and hold your ground and either stop trading period until there is nothing to trade and they just leave or compete and buy shares so it holds and goes up if you have any dry powder left. News will come and hopefully sooner than later. GL to all longs and traders and MM can all go to----!
Just a question then. If KATX shares stay the same and BVIG shares increase 161 million to show the transfer are we not being diluted under KATX as we have less property and more stock?
Off course he has a bias. TR brought him in to cause more FUD. He even said he like us because we are tradeable. Gee, does he have to make his bias any more clear. He is just a surrogate for TR so they can talk the stock downh buy cheap and sell on news that is all. These people have no moral core or conscience and will do whatever it takes to make a buck. It really is sad in a way that they feel their skills are so indequate that they must work the system and try and manipulate sentiment.
I get that Art, but does now KATX have 161 million shares less if those shares are now under KATG?
Yes, but in regard to the original post I think they talked about it or producung revenue and it must be mined to produce revenue correct?
He better hope he does'nt!
Don't they usually do a feasibility study after the second drill? I think that is what they said on the JV property with Vale, but not sure it is required on all properties. I would think a year or two at best to start actual mining as they have to set up the site and get thing permited. Off course, speculation after the next drill results and any JV deal should send us higher.
I think that is also how I understood it. I guess my question is about those 161 miilion shares. Did they not go from KATX to KATG? If so, does KATX now have less shares by 161 million once the transfer is done? Thanks for any help clearing this up.
That does not makes sense to me. Basically, HC is being taken away from KATX and going to KATG. The value is transferred and should just be basically a wash. In other words those shares 25% (what they valued HC at in KATX) are tranferred to KATG. Otherwise, we loose HC's value from KATX, but do not show it's loss in the amount of shares diluting KATX. To me it makes sense that it would go from KATX balance sheet to KATG's. KATX looses shares and KATG gains shares. Does that make sense?
During the six months ended June 30, 2010, the Company acquired (the “Acquisition”) 100% of “Handcamp,” a gold property, from Kat in exchange for 161,000,000 shares of the Company’s common stock.
Under the terms of the agreement governing the Acquisition, the Company issued 65,000,000 shares of its common stock to Kat on June 4, 2010, and the remaining 96,000,000 shares of its common stock will be issued as soon as reasonably practical after August 12, 2010.
Then this 161 million shares goes to KATG from KATX. This is why when we were at .23 we went down IMHO to about where we are now. Logically, once those shares are transferred then KATX will have about 483 million shares and would it not make sense that the value would go up since there are less shares as long as the demand is there?
I think it is 68 million of that. I surely hope KATG does better that KATX after it opens up, but I expect the same scum over there. It is like Willie Horton said when they asked him why he robbed banks. Becuase that is where the money is. Since we actually have a popular stock that is why so many MM are there to rob us it seems. That along with scummy day traders with big mouths and bigger ego's.
I would think now with Ken having what 68 million shares of KATG that even though restricted he could possibly use that as collateral for a loan to drill the second phase. We have not heard anything more about that $5 million and assuming more of that has been release maybe that is enough to drill HC or RR? Looks like we will need some big news to get the volume way up and get rid of the strangle hold these crooked MM's have on our stock.Orderly is one thing and rampant stock manipulation is another.
Yes you are. The amount of shares will increase as per Erock to an estimated 228,000 and therefore it is likely to come down, but no one knows the real effect until the news is baked in. Of those share the managements shares will be restricted, but ours tradeable as soon as they hit your account. The true value of the claim at this point is just a guess and we will know more after the second drill phase.
HC trades under BVIG today. Tomorrow it will be under BVIGD and soon after that most likely KATG and that should be the end of that. Off course, plans are to move Twilite into KATG and we will get shares if we own KATX.
I hope that is true, and causes a massive short cover. One would think if this is the case we would not continue to see a daily short 40-60% of total trades. I would think we would see massive coverings and the price driven up so they could cover their positions. I'm certain if there is enough money to be made they will follow KATG over to the BB. I saw the same type of thing happen with a NASD stock I owned. I think our run to .25 that suckered us was the same pump and dump by the MM. What they do is run up the price as high as they can and then massively short the stock. They then walk it down and hit stops along the way. IMHO they do this with the help of folks like we have on the board to supply doubt and scare off people and this just snowballs the stock. The MM can then cover and start the process once again. We have to be more aware of their tactics. I missed it and got all caught up in the euphoria and paid .23 for a good many shares driving my avearge way up from the original .09.
No problem. We are still being controlled by the MM here with almost 55% of the shares traded yesterday on KATX short. If you see a big run up and dump like yesterday you can be sure they are walking it up and then shorting and moving it back down to cover. They completely manipulate this stocks movements. When they want it to hold they tighten the spread. They will wait for a sucker to put in a stop loss then blow through it. IMHO there is a difference between a orderly market and market manipulating. The SEC and Finra need to stop this garbage or no one will want to invest in a rigged game. Thing is pinks are the worse but even moving up does not protect you from these thieves as the houses use flash trades to ping the market and front run. Yes, it is illegal, but the SEC has not stopped it. Wnder how GS had no loosing trades last year. How can that be unless the system is rigged.
Question is how do you win in this game. Somethings I have read is that you can ask for an accounting of your shares. You might find out with naked shorts you have more than issued. MM don't worry about covering most pinks since they will be out of business in a few years, but what if you are successful? Now the MM either have to drive out of business or drive your stock down to cover their massive short. Some suggest also once cash flow permits buying back shares and paying cash dividends as a way to combat the MM fraudsters. Seems it is an uphill battle in that you have to succeed in the business but also fight the MM's.
I'd sure like to pay off the house and be debt free. Off course we are looking at taxes on the total amount so you have to figure that into the amount you sell so you can pay them also. I also have a rather large loss so I balance a good portion against that. I'm in hopes it hits $3 so I only have to sell a small portion of the total.
I'm more inclined at this point that they do a JV. It would make sense since Mgt. is keeping the 12 month restriction on. They will either go it alone on the second phase drilling and then do a JV or if the gold per gram is high enough have the JV partner eat most of the next drill and feasibility cost. Either that or we drill again and further prove it out and sell in 12 months. To sell or not to sell I guess will depend on how high the price goes up on news and what the future price could be for waiting.
What are you talking about? I'm long 577,720 shares and will get 144,430 Katg shares. I'm down since my average is .168. I have not sold a share. I have not traded at all. Are you confusing me with someone else?
I really don't think that price means much as Yahoo says only 67 million shares are outstanding and I'm not sure that is even correct, but if so we will increase the amount of shares 3X I'm guessing all at once. Off course, it will all depend on how the assays come out and how many are hungry for cash. Many will sell out immediately wanting cash now. Others will see the assay and look at the potential long term payout of either a sale or JV and future cash dividends and price appreciation. I'm guessing it will depend on the grams per ton and the volume of gold, silver and other materials and the future value placed on them. I'd be thrilled with a $3 price. Not sure what the value would need to be to get there.
NITE open bid is .12 so maybe we get some back today and the shorts have to cover and drive it back up after yesterdays news?
NITE open bid is .12 so maybe we get some back today and the shorts have to cover and drive it back up after yesterdayus news?
I need almost .17 just to get back to BE so yes, I'd surely like this to get back to .20+ where it belongs. I do think it will assuming KATG results are what we hoped for. This will bolster confidence in their ability to pick winners. Once drilling for RR starts and confirms a winner we could see $3 or more here, Still a large short of around 47% yesterday so that is why the MM's are sending in the coackroaches today.
Yes, my average is about the same with 577,720 shares so we both paid much more than the guys that have tons more shares that found out earlier. With the PR I wonder why take off restrictions unless you have really good news or are planning to sell out the property. I suppopse they could still keep KATG and move Twilite over. Who knows maybe we do see $1-$3 by the end of September after all.
This is insane the MM's are going to walk this down to the 200 DMA if something does not give soon. This total sucks big green ones! Look how tight all the spreads are. I bet they are shorting and covering and walking it down and trying to hit stops. This delay is killing the late to the party crowd. Others they got in last year for a penny are still way in the money but I'm sure many more are now taking it hard like me. Come on Ken light this candle!