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When the smoke finally clears for KATG and there is a liquid market there will be 3 groups of sellers lining up --- the KATX people who got the Spin-off, the new financiers, and the old worn out Stead gang that now includes Brookes and Sullivan. They are all going to have to wave their arms like mad to find new suckers to BUY in. Talk about a big overhang waiting to SELL !!!! LOL.
Tell us what this huge potential is now for KATX, please. They just gave away a huge chunk of their Assets -- KATG shares. WHAT'S LEFT ???
Not on a one on one. Those posts always get deleted - both ways. You know that. Re Ken Stead -- C E O s are fair game on stock chat boards. He gets it both ways - adoration and loathing. FREE SPEECH !!!
THOSE PROPERTIES are very very mediocre. They always were. I said that years ago and nothing has changed.
To these I say " SO WHAT !!!!!!!! ". I am flattered at the huge research job done on me. They were my opinion and I WAS surprised that the S E C let the Record Date stand. I still am. However none of this stuff should get personal. I believe these Stead Companies are con jobs. Some Members here disagree. The stock charts however favor my viewpoint. The final verdict is still ahead of us.
No I am not trying to influence anyone to do anything. In theory KATX should be much less tomorrow than it was to-day because the Spin-Off is now OFFICIAL. As of to-day they are pledged TO GIVE AWAY A LARGE LARGE PORTION OF THEIR ASSETS.
Oh ?? 100's of posts stating we would NEVER EVER get our shares
See if you can find ONE. Nor have you received them YET !!!!!!!
These guys must be rackin' up a hefty legal bill. And no dough to pay for it. I wonder what happened to that $100,000 owing to the Ghana Gov. due on January 3, 2013 - the Prospectus states in cold terms. Looks like Ken has got himself way in over his head in Ghana. LOL.
Relatively significant news came to-day and there are very very few posts about it. One of the things is that tomorrow KATX trades ex-spinoff - whatever that means or will do. It is now official and known for certain that if you buy tomorrow YOU WILL NOT GET THE SPIN - OFF !! No matter if there was confusion or not -- it is now official. And if you bought after the Record Date in Dec. 2011 you are NOT eligible for the Spin-Off. At least that controversy is now off the table. Next up is - when will anybody actually see any shares in their Account ? Then the KATG market can expect to see SELLING. So where will the suckers come from to do any buying ??
Here is a link describing the Filing Form to-day .... http://www.investopedia.com/terms/s/sec-form-424b3.asp#axzz2IBbBiO
Prospectus filed to-day for BVIG re the Spin-off.
Well the rat finally poked his head out of his rathole to-day. A Prospectus was filed to-day - one step closer to getting the Spin-off. Nothing much new in it except they have stated the A/S as 500,000,000 instead of 1,000,000,000. There was no mention of that old Vale Agreement. Pretty pathetic all around I would say.
First off do not try to figure out what the MMs are doing - BECAUSE YOU CAN'T. That trade was sooooo small it means to me that it was MM to MM because they trade with no commission. Doesn't mean a thing. I learned that all from personal experience years ago -- you cannot know just what the MMs are doing - and it is THEY who run the bids and offerings.
When you buy a share of any stock you do not ask for its history. A share is a share -- and that is what you buy. Common Shares are NOT lettered - ( if you know the term ). There is no distinction from one share to another.
2 Audits would KILL both these Companies - KATX and BVIG. There is soooo much hidden !!!
A good solid Company, with good competent Management, and good mineral Properties can withstand ALL negativism and bashing. This is not the case for the 2 Stead Companies. They are extremely hesitant to come out of their hideaway and come clean on just what IS going on. They stink !!!!!
NEVER have I witnessed such ineptitude in a junior stock Company. Day after day after day after day -- NOTHING !!!!!!!!!!!!!!!!!!!!!!! Bizarre to say the least.
Nobody can make very much money here on the Stead dogs right now. They have no liquidity because they don't have anything going for them in the field because both of them are starved for working capital. End of Story right now.
I NEVER at any time wrote that the S-1 would NOT be approved. Show me my post that differs. I merely wrote that I would be surprised if it WAS approved. Do not misquote me. To say " It won't be approved. " or " I doubt that it will be approved " are 2 entirely different statements. Sure I doubted it, and yes it did get approved -- but please tell us when you get the BVIG shares in your account. And this sordid game is not over yet. Bet on that !!!!!!!!
THOSE Auditors are certified by the S E C. Do you wish to say EVERYONE is crooked ?? Absurd and preposterous !!!!!!!!!!!!!!!!!!!!!!!!!!!
NO SUCH THING. Brokers' books are ALWAYS audited - and often. So here's one that said " We sold 1,000,000 shares of KATX this month ". ANY AUDIT will show that the sale was illegal. " You didn't have that stock to sell, now, did you ? ". Let us not be ridiculous, absurd, or preposterous here.
Like why even BOTHER with these 2 stupid Stead companies ? You get your money tied up for YEARS with zilch upside market action. Whereas the REAL investors / speculators are using their capital to make money elsewhere. These 2 Companies are pigs as we say !!!!!!!!!!!!!!!!!!!!!!
Surely the Shareholders of BVIG are entitled to know the current title status of their flagship Property in Ghana.
I know from many personal experiences that you don't start a new stock game until you have everything ready. This ALWAYS includes a new large financing and a stock story to go with it. In this case it might be " We now have the money and we are starting to buy mining and milling equipment to use at Ekom Eya. ". So we shall see.
Those are shares of UNKNOWN value yet until the pig starts to trade consistently, and there is a strong bid.
NO THEY DO NOT !!!!!!!!!!!!!!!!!
KATX holds $ MILLIONS $, $ MILLIONS $, $ MILLIONS $, $ MILLIONS $ of dollars in BVIG stock!!!
You cannot put a firm evaluation price on BVIG yet. It will probably start trading at much less than ONE CENT PER SHARE !!!!!!!!!!!!!
If you think your millions of dollars are there - go tell Ken to try to get it. It's a colossal JOKE !!!!!!!!!!!
Those are paper bucks, just like the I O U shares !! Try spending them !! LOL.
THEY ARE BROKE !! THEY ARE BROKE !! THEY ARE BROKE !! THEY ARE BROKE !!!! Do you read me ???
They cannot afford to pay ANYONE. And by now they probably are a laughing stock.
In my opinion Ken will stall until he has liquidity in BVIG and a financing in hand. Then he can pull the trigger on a new pump and dump game. The amount of shares in the S-1 is not enough by itself to give very much liquidity in BVIG.
Who cares what it said ? I don't keep track of all the horse bleep the Stead gang does. But whatever the ha ha Notice is - IT IS NOT ABOUT THE S-1. LOL. No one has YET said " The BVIG shares are now in my account ". That would have been broadcasted strongly.
It does not matter who gets what or why. No one has yet received the shares - and the 2 Companies are P O S anyway.
Please tell us how filing the S-1 PROTECTS KATX. The S-1 merely announces the distribution of BVIG bonus shares. If you think Ken Stead has the brains to set a short trap, you are hallucinating. And besides that -- setting short traps is ILLEGAL. Monkey-doodle games like that are not allowed. It is called STOCK MANIPULATION !!!!!!!!!!!!!!!!
A public Press Release re the S-1 is long long overdue. It should not be left to the Public to search out MATERIAL EVENTS like the S-1. These guys are soooooo slap-happy and incompetent.
In this case that particular notice is redundant. We all knew a short while ago that the A/S was about to be hugely increased. That is all the Notice says.
BUT YOU MUST WORK !!!!!!!!!!!! No field work done by KATX for TWO YEARS -- TWO !!!!!!!!!!!!! Why ? Because they are a stock machine to pump and dump. The current share price is a HUGH-MUNGOUS JOKE !!!!!!!!!!!!!!!!!!!
Mappo ALL OF THAT is mythology. I O U shares DO NOT EXIST --- BECAUSE THEY CANNOT !!!!!!!!! The Depository monitors ALL clearings.
Another week of NOTHING !!!!! Absolutely amazing !!! Pathetic is a better word.
It is KATX that will be delivering the BVIG shares to the KATX shareholders of Record in the approximate ratio stated in the S-1. There is no onus on the M M s at all. They don't hold the said BVIG shares.
Now WHY IN THE WORLD would they want to do that ? Hilarious !!!!!! That is very warped thinking indeed.
You don't NOT seem to understand the point is not for KATX MM's to make money from the short sale but to sour interest in KATX shares, to dry up avenues of financing for KATX, to push the Kat Companies out of business. ( which has not worked and will not work!!)
I think the conversation is really about KATX and should be confined to the KATX board. Surely even you can see that BVIG does not trade.
And that is what will trip him up if as and when he starts a new game with BVIG.