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Will you admit that it was regarding KATG - BVIG ? AND NOT re KATX.
Not knowing for certain and caring even less - I think it is the potential Market Maker who makes the first move - and probably does not need the approval of the Company. As in -- " We wish to make a market for KATG. ".
Market Makers must declare themselves and REGISTER as such with the S E C for the Companies they make a market for.
There is a definite procedure required to take on Market Makers. Check it out. I inquired if any bona-fide M M s have stated their intentions yet for KATG. I don't think they have.
It shows that they aren't all asleep. Old news anyhow re increasing the A / S.
I wonder how many more of these that HE DID NOT FILE. Looks like they are cleaning up a bit of the foregone sloppiness prior to making a new move and coming out from behind the curtain of sneakiness.
We also still need to see a financing -- working capital is needed. Then the financing means more sellers -- the financiers. Lots of stock out on this pig too.
What I am wondering is if KATG has any market makers yet. I think Companies have to ask brokers to do this for them. If any of the KATX people who get the spin-off wish to sell - who will buy -- or who will put up the quotes ? Interesting.
If you did thorough D D on his record you would not risk one single penny.
Good and honest C E Os in Companies that have good assets wipe the floor with Bashers. Not the case here. He knows he better have something good to say -- or just stay in hiding.
So with all this wonderful stuff going on, why is it that KATG is still not doing anything ? I'd say because it's a P O S. All B.S.
i don't get all the happy happy logic. If KATX gives you KATG shares it should mean the gross value of KATX will go down. This means the value of your KATX holdings will go down too. But = you say - you will be getting KATG shares to make up for it. But right now you don't know what KATG will trade at. So really - you do not know where you stand. And on top of that you don't have the spin-off shares yet. Nor is there any guarantee that you ever will get them. It's a sick show !!!!!!!!
Funny thing though -- KATX will soon be GIVING away most of its main asset -- FOR NOTHING !!!!!!!!!!!!!! Now I ask you -- IS THAT GOOD BUSINESS PRACTICE ??????? So -- after that -- what will KATX have left that is worth anything ? Washed-up old mineral property dogs don't count. LOL.
OoooHhhh !!!!!!!! Big trade to-day. 500 shares at 6 cents. Spectacular !!!!!!!!!
The timing's gone now - for junior companies to raise exploration money. I think Ken is going to be S O L. Inferior products and bloated stock companies in a weak financing cycle is never good.
I don't think anyone here has a 'handle' on what is really the case there around the Ekom Eya. Whole bunch of names and confusion. Bottom Line ?? NOTHING is happening at any property owned by KATG in Ghana -- WHY ?? -- Because they have no working capital. And of course the Ekom Eya is a P O S -- Mickey Mouse Mines !!!!!!!!!!!!!!!
As far as I know - and please correct me if I am wrong - a Toxic Financing involves Convertible Debentures. And I don't think KATX had any of those for the big run they did to 25 cents. They brought it back down themselves by striking out in their drill programs and selling huge amounts of their own shares into the pump program. It was all contrived.
You would do well to look up what a Toxic Financing really is. THERE WAS NO TOXIC FINANCING USED ON KATX - NOR WERE THERE OR ARE THERE ANY I O U SHARES IN PLAY. I am amazed at the persistence of these nasty rumors. NEVER HAPPENED !!!!!!!!!!!!!!! PERIOD !!!
I do believe we have debated this to an excess. If that H C drill program was any good they never would have let the drill leave the property. This is how we do it in the exploration business. When you're hot - you're hot. When you're not - you shut down the drilling. THERE'S your proof.
Ken Stead is the one who destroyed his own 2 Companies. Please tell us what has been accomplished in the last 2 years that was successful enough to sustain the Companies. They are both hardly breathing right now and horribly bloated with shares issued, And of course both are still broke.
How can you say expansion and growth when the EXACT OPPOSITE is what everyone else sees here ?
No one knows.
The S-1 states $103,777 was loaned from Katx as of September 30, 2012 but it does not say what for. Maybe it was operating capital to pay lawyers and accountants. The Financials are too old in both Companies to include this $103,777
Without an audit you cannot say that. Where did KATX get that kind of money ? The whole thing stinks. It is extremely unfortunate that we can't just ask Management questions like these and get honest answers.
It goes against all logic and common sense to believe that I O U s are allowed to increase day after day without being settled. Research into the Depository System will show you that all buys and sells by all M M s and between all MM s are settled at the Depository where all the shares are - like the Bank. If you bought 1000 shares of any Pinky and they were naked shorted to you -- you can take delivery of these shares any time you wish. The selling broker went temporarily short against his account at the Depository. The naked short date and the SETTLEMENT date at the Depository are not on the same day. I think the difference is 3 days. A more serious issue is a ' Fail to deliver '. I seriously doubt if there were ever any of these re KATX. There is a huge amount of KATX shares available at all times in KATX. If you wish to call them I O U shares -- do so -- but they get settled within 3 days at the Depository.
It seems to be forgotten that BVIG is an OTC.BB stock now and timely disclosure of important events MUST be made. I have yet to read anything of importance and so I must conclude that there STILL is nothing happening in Ghana. I would like to know how they handled the $100,000 due to the Ghanian Gov. re maintaining the Ekom Eya lease. Little things like that. LOL.
His record is abysmal. He's supposed to be in the exploration business but has not done any field work in TWO YEARS !!!!!!!!!!!!!!!!!!
Does anyone know just what it is that will start a big new run ?? Didn't think so. Too much stock out -- almost no mineral assets now, and certainly no operating capital. Who would want to buy any ??
Regarding that volume blip to almost 10 million shares a couple of days ago --- surely we all can see how absolutely phony this Company is. It has always stunk of manipulation. Why would anyone ever consider buying any ??
There is only one word that best describes both these Stead Companies --- PITIFUL !!!!!!!!!!!
I guess it wasn't the start of a rally yesterday after all.
Why would anyone want to buy KATX in the first place right now ? They are a virtual dormant shell company with far too much stock issued.
So much for yesterday's volume blip. It was a one day wonder -- so far at least. I think somebody thought they could start some momo. Ken loves these -- he just keeps filling bids - I M O !!!
NO ONE knows yet what the volume spike to-day means. There are only opinions about it.
You CANNOT prove that !!!!!!!!!!!!!!!!! Mining gold --- MY A**** !!!!!!!!!!!!!
The dollar value is miniscule. NOTHING will happen in either BVIG or KATX until Ken can find new financing.
I really don't care what Ken Stead does. He can do several pump-a-dumps in a row for all I care. I'm just trying to come to a personal final decision about his integrity and some of the pumpers who he does pay. I'm almost there. My jury is coming in soon. If he was not a Canadian I would not care at all. He should have taken his garbage onto the TSX.V on Day One. But they don't take garbage there. He had to go Pink !!
I think we all know that site. Just try to duplicate what they say they do. YOU CAN'T !!! That is another fun and games site like the infamous naked shorting site. ALL B S !!!!!!!!!!!!!!!!!!!!!!!
NO YOU CANNOT SHORT PINK STOCKS !!!!!!!!!!!! Go try it !!! LOL.
This is old news now. Why are you reposting it ?