Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
A lot of speculators simply do not understand how the Clearing House and the Depository system work. We used to get big weekly print-outs of the positions of all the Brokers who were following our Company. The books always balanced but some Brokers were continually short. Didn't mean a thing to us because the total books balanced.
I think it is year-end tax-loss SELLING !!!!!!!!!!!!!!!
I think these Clowns are corporately remiss and delinquent right now for not doing a press release saying that the S-1 has been approved.
For your sake I hope there is but the stock charts and S E C filings tell all of us a different story.
G L T Y !!!!!
I think there's lots going on.
That's ancient history now. Another way of talking about drilling results in total is -- " THEY SKUNKED OUT !! ". LOL. REEs are now yesterday's news anyhow. Passe' .
We BURIED THAT a couple of years ago. The drilling the KAT Companies did STRUCK OUT !!!!!!!!!!!!
Because he is STUPID ????? LOL.
Not sure why he said Canada as a whole.
Jurisdiction over the mining and the exploration in Canada is outside of the realm of our Federal Government. Each Province has its own jurisdiction over everything that is done within that Province. Some of our rules differ from Province to Province.
It should be obvious that NO ONE knows what Stead does with his shares BECAUSE HE DOES NOT HAVE TO FILE TRADING REPORTS !!!!!!!!!!! Quadruple DUH !!!!!!!!!!!!!!!!!
That seemingly prevalent dumping of shares by C E O s to pay Company expenses CANNOT BE DONE in Companies that have a TSX.V listing !!!
I wonder if that $0.0006 bid will get hit or hold for the rest of the day. I think most knowledgeable and experienced speculators are by now long gone from KATX. No smart speculators hold dead stock for as long as some seem to be holding this one. The smart money quickly dumps losers and waits for a new promising re-entry price - if it ever comes.
This is how I see it coming down ( If it ever does ). On that record date there will be X number of shares of KATX bought and paid for - regardless of who sold them. They are credits in accounts plus registered holders - no matter - it will be a hard countable number - Y. It should equal the true O / S. If it is higher it will truly show SHORTS. This is going to be like a certificate count - and these never work. In any event if this ever goes to completion - the brokers will simply use Y and use that number to divide by the BVIG shares to be distributed. This can equal more than the 1 for 3 ratio or less -- AND NO ONE WILL CARE OR KNOW THE DIFFERENCE. Naked shorts will NOT be a factor.
This is how I see it coming down ( If it ever does ). On that record date there will be X number of shares of KATX bought and paid for - regardless of who sold them. They are credits in accounts plus registered holders - no matter - it will be a hard countable number - Y. It should equal the true O / S. If it is higher it will truly show SHORTS. This is going to be like a certificate count - and these never work. In any event if this ever goes to completion - the brokers will simply use Y and use that number to divide by the BVIG shares to be distributed. This can equal more than the 1 for 3 ratio or less -- AND NO ONE WILL CARE OR KNOW THE DIFFERENCE. Naked shorts will NOT be a factor.
You can only go so far without money. Then you either have to get some or fold.
If that is the case and it is true, I for one doubt if they can come up with that much money in the short term. Maybe they can get an extension. It could be serious.
I'd say - a tough chore.
I think these 2 Stead stocks are dying right before our very eyes. Only financings can save them. And this means the issuing of even more cheap cheap shares. The 2 Companies are already grossly bloated with shares issued.
I respectfully suggest you check out the clearing and Depository system. I know you will find that it is now IMPOSSIBLE for ANYONE to carry any short position for very long. Especially a Naked Short position. The most serious thing is a " Fail to deliver ". These are rare now. The S E C is getting tighter.
I think we have hashed and rehashed this subject to exhaustion. THE NAKED SHORTING IS WHAT IS NORMALLY DONE BY MARKET MAKERS IN THE COURSE OF DOING THEIR DAILY BUSINESS --- LEGALLY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! They go temporarily short to the DEPOSITORY where all market makers have accounts. ANY RETAIL buyer gets a legal credit in his stock account. All accounts are settled at the DEPOSITORY.
Sorry but it is YOU who is wrong. ALL exchanges all over the world try to protect investors and speculators no matter what their nationality is. OF COURSE you have rights and recourse on the TSX.V. The bottom line here is that the Stead Properties could not qualify for a TSX.V listing so Ken had to go to the bush league that is the Pink Sheets in the U S A !!!
The bush league for penny mining stocks is now in the U S. on the Pinks. Ken did not have to go there or cater to any U S speculators if he had anything any good in the first place -- WHICH HE DID NOT !!! He took his garbage to America and they ate it. Hilarious !!!
I do it because guys like Ken Stead give my Industry a bad name. Normally Canadians use the TSX.V where there is complete disclosure. If you are devious you go to the Pink Sheets. It's as simple as that. And again you can't get on the TSX.V initially if your Properties are crap.
I think we're about dead here right now - pending news. KATX is a DISASTER and KATG is still broke and semi-dormant. These little deals run on MONEY and there isn't any sign of any here yet. I mean for actual physical work on properties.
Ehhhhhhhh !!! And ditto for you and all my old friends here. Another year older and another year deeper in debt -- Ha Ha. Big Family year 2012 -- one divorce, one wedding, and 2 engagements. Another wedding scheduled for 2013 already. I'll need the big CMKX payout to stay solvent !!!!!!
Ours works like a charm in British Columbia. It's great.
They don't declare it AND THEY DO NOT HAVE TO DECLARE IT. AND THEY DO NOT GET AUDITED. It's the perfect crime arena. IT CANNOT BE DONE like that in Canada. This is one reason why Ken Stead went the U S route.
I have always tried to give Ken Stead the benefit of any doubt. But he never comes clean. I will never forget at the beginning of the KATX big pump he mounted a personal campaign to silence me - just short of threatening. Lawyers and defamation suits were alluded to. I knew right away then that he did not want me around to expose him. It just touched on being nasty and he even personally contacted some people he was told were members of my Family in the hope that they would turn me off. I do not forget. I've done several deals like KATX and nothing ever bothered me. I had lots of detractors too but I ignored all of them and just kept on doing honest field work. There was nothing to hide.
I have always tried to give Ken Stead the benefit of any doubt. But he never comes clean. I will never forget at the beginning of the KATX big pump he mounted a personal campaign to silence me - just short of threatening. Lawyers and defamation suits were alluded to. I knew right away then that he did not want me around to expose him. It just touched on being nasty and he even personally contacted some people he was told were members of my Family in the hope that they would turn me off. I do not forget. I've done several deals like KATX and nothing ever bothered me. I had lots of detractors too but I ignored all of them and just kept on doing honest field work. There was nothing to hide.
This has always been a HUGE point with me about the Ken Stead group. THEY NEVER CLARIFY ANYTHING. Yes of course you can say that the whole sloppy S-1 exercise was purposely designed to discourage people from selling their shares. There may indeed be fraud suits filed in the immediate future.
NEVER AT ANY TIME did I say the S-1 would not happen. All I ever said was I doubted that it would. Otherwise the BVIG / KATG was and still is a big P O S. As for that other baloney they are not yet ready to turn on the hype pumps. They have not P Red yet because they are stupid and always procrastinate on reporting. Just watch. I have seen this movie before under the name KATX.
But first I want to see if they will run this new con job with the billion share A/S or roll it back. When this con game starts there is sure going to be a lot of shares clamoring to be dumped / sold. If you treat your shares like toilet paper - that is exactly what they become.
I know why I am here. I'm here to expose Mr.Stead and his Groupies for what they are. Stock con men. I'm about finished now and I have done it. I think I'm in the position I was when I first came to KATX. It's like deja vu only now it's KATG. Glowing promises and properties -- that did not work out.
For all intents and purposes the KATX virtually died this week. The $0.001 bid broke and the S-1 recently got approved. The KATX game is finished under the Stead leadership. Now it's going to be GHANA GHANA GHANA GHANA courtesy of KATG and your favorite old Stead Gang. I doubt if it will be able to go far. Too much leftover smell from the KATX, and the lurking outrageous salaries they set for themselves.
Now they've got this one bloated up with shares issued already before they have even got it financed. This is what I mean by amateurs. They absolutely ruined KATX and recently threw out a tiny carrot to the loyal shareholders they still have in it by way of the spin off. It's like an insult. I'm staying a bit longer until the true character of these people is more clearly shown.
I hate to get all philosophical and try to make some sense out of what has happened. But the record is there for all to see and interpret any way they wish. My very broad opinion is that the Stead group have been quite amateurish and just bumbled along from one day to the next. Weak legal team. We may never get the true story but I would bet on one thing for sure -- Ken and Tim have made a S Load of money without accomplishing very much corporately so far. As for field work. THAT has been a disaster. Something you would see PEOPLE MINERS do. NOW - they are out of synch with the exploration booms which are cyclical. That boom bus has long gone. Nobody knows when the next bus will come.
To-day's trading says it all. This recent saga is now OVER. A new game will soon start with a new Gang. The old Gang is now over on BVIG / KATG. I was correct about KATX all along. Just a big stock promotion on garbage properties. This new one on KATG will be the same.
They are not ready yet.
It's a dollar figure in a financial report but nobody knows why they did it or what they did or what it accomplished. An accountant put it there. Was it Diamond Drilling, RC Drilling, air track, blast holes, or what. Any excavator work eats up that little bit of money in a hurry. It means ZILCHO. The money was loaned to them to do it and it is not stated who the lender was. It's in the S-1 near the end and covers the first 9 months of 2012. Peanuts !!!!!!!
What's the purple ??
Anybody get their shares yet ????? And where's the Press Release saying the S-1 was approved ? You should check and confirm that they MUST do that. They risk more fraud charges. Somebody should tell Ken. LOL.