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Insiders DO NOT LOAD UP using the Market. Cheap cheap shares and FREE shares come to them from Management for touting services rendered.
Who do you think will ever buy any of your BVIG shares ? And why would they ? There's nothing going on in Ghana right now because the Company is broke.
WHY would it move ? But just wait until the peeps see those shares in their Account. The BVIG bid will get hammered. LOL. Yes I guessed wrong about the acceptance of the back-dated Record Date. I am surprised. This may trigger some class-action suits. The next BVIG news will be about a new financing if they have been able to arrange one.
At $0.0009 I make that LESS THAN ONE TENTH OF A CENT !!!!!!!!!!!!!!!!!!!!!!!
In the real world where there is no smoke or mirrors this acceptance of the S-1 is BAD news for KATX and I think you are seeing this now with the $0.0009 price. Yesterday KATX had all those BVIG shares -- to-day IT DOES NOT. Therefor the value of KATX has gone DOWN. FACT !!!!!!!! As for BVIG -- it doesn't mean anything so there is no reason to see any reaction in its share price. That BVIG bonus will soon hit the BVIG Bid once the Shareholders see that stock credited in their Account.
How now, brown KAT ??? LOL. I guess I was wrong about the back-dating of the Record Date. Que sera - sera !!!
Very well said eelfland.
There is no point in debating what is right and what is wrong and what is legal and what isn't because it can never be proven. This is here and this is now -- some say KATX was horribly Naked Shorted and a lot of the short shares remain to be covered now. This is so much BULL !!! The ' System ' is not short to the Retail players. If you want physical shares you can arrange to get them any time. And at the Depository there is no short position - COLLECTIVELY. There NEVER is. Individual brokers can be short but all the positions are known because audits are always done and the books always balance.
You had best check on those statements. Once you make a buy your Account gets a CREDIT ( NOT shares ) no matter what you want to call your Account. Once it's IN the system - your CREDIT can be borrowed. They present all these other ha ha rules for your benefit and they then promptly break them - because you will never know. In the case of KATX there is so much stock around that millions and millions of credits are around to play games with like going temporarily Naked Short. THEY can but you can't.
They do not have to BUY on the market to cover. The retail players NEVER find out what went on. It's all book-entry stuff at THE DEPOSITORY .. debits and credits. And we do not get to see that. Those M Ms all run 'tabs' among themselves and the Depository. ANDDDD - they all work together and help each other out. ANDDDDD furthermore they use YOUR shares without your permission. There is tons and tons of KATX shares around to allow them to do this stuff. I would suggest you find someone who understands all this and who you trust -- then ask him or her to explain it to you. I can assure you there is no huge illegal short position building up on this stock. Its books are balanced at the Depository. The Depository is the BANK for these guys. If they need shares -- they go to their BANK !! And THERE it's only a bunch of book-entries. Debits and Credits -- plusses and minuses. They can always cover the Retail Accounts -- but if they are still short -- they are SHORT TO THE DEPOSITORY -- and you will never be allowed to see that. I KNOW !!!!!!!!!! Bin there -- Dun that.
We killed that Naked Shorting B S a long time ago. The MM s are LEGALLY entitled to go short like that for a short time. And they sometimes do. This subject here has been beaten to death. The bottom line right now is there is nobody who is in a hurry to buy this pig or sell it either. It's stuck in the mud in the pig pen which is the Pink sheets.
Did you know that Wash Trading is illegal ?
A lot of those ha ha online followers are long gone. They just never signed out !!!!!! This issue is almost DEAD !!!!!!!!!!!!!!!!!! ONLY a financing can revive it. And B.S. money right now has almost dried up -- FACT !!! Just ask around.
NO ONE has an accurate current share count because there has NEVER been an audit of this pig and the Stead Gang do not declare their trades.
Personally I think almost everyone has gone from KATX. Most people are smart and don't leave dead money dead for very long. If you sold you can always come back when the new game starts. There is no urgency here it would seem. This is a very slow-moving snail.
It is quite obvious that $0.001 is a major support price. But how major is major ? LOL.
Somebody bailing out to-day ???
Now THAT is an outright lie.
Spent about $400,000+ in Attorney fees.
I think the vast majority of the long-term holders are now gone - in disgust. It is extreeeeemly difficult to guess right now where all the shares are. Personally I think that new Management is in there accumulating as much as it can at these low share prices - prior to a HUGE HUGE HUGE roll-back and the start of a new pump and dump. What's left of the Retail Public still ' in ' right now is going to be rolled back almost to nil before the new game starts.
Ahhhh !! That's old hat and is FINISHED. Those were never given out. The whole game changed and now the promise is one BVIG for THREE KATX. It says so in the current S-1 submission to the S E C now in play since way back in April, 2012. The whole thing continues to stink.
Neither of these 2 stocks can make a play until they have a financing in hand. That is the current road-block. Risk capital for these small companies has almost dried up right now. Only sleaze balls will finance you now. People you wouldn't want to do business with normally.
It's gonna' be far less than even 7 % after they get through diluting BVIG with a financing to raise capital -- IF they can do that !!! It's almost a bloated pig already and it will surely be after they finance it. Risk money for commodities including gold has now become very very hard to find -- Cycles .. you know.
The Bid took 500,000 shares easily. But then again it was only $500. I wonder what it would take to break the Bid.
I have been in that same position many times in my long career in penny stocks. You simply give up sometimes because you are sick of waiting for something to happen. So you put that stock way way way back on the back burner and virtually write it off. Then one day you simply say " I'm cleaning my portfolio to-day " - and you dump it at the bid. Or in the extreme rare case the stock actually wakes up and does something. But you often see it start to move after it has been rolled back hard. I'm quite convinced here in this case with KATX you are going to see a HUGE HUGE roll-back before you see any upward price movement.
When the news finally does come it is NOT going to be good. It will be about a new financing of KATX and will include a gigantic Roll-Back - I M O. And you are most definitely not going to like it.
That current bid is as weak as a kitten.
Maybe the two of them will have to go back to their day jobs. Exploration is about spending money to explore for new mineral showings. But first you have to have the money to do that. To get the risk money you have to have credibility in the industry. I think their credibility has long gone now. No field work for TWO seasons !!!!!!!!!! You don't find new properties doing that. LOL. So they just hooked up with an old stock con man who is introducing them to Ghana. How pathetic can you get ??? What's wrong with Newfie ?
It's not a case of logic at all. These little Companies have to sell shares to raise working capital. Pink Sheets - 101. And the S-1 says they do not have any PROVEN gold.
You can be assured the float will go up HUGELY when the financing gets arranged. Tons and tons of shares at extremely cheap prices for the crooked financiers. Just watch !!!
WOW - indeed !!!! Pathetic is a better word. This is not totally the Steads from Newfie peddling this B.S. They too are being conned by more sophisticated market sharpies. But they do cooperate and the innocent greedy market suckers PAY !!!!
You can buy all the shares you want -- at Ken's price. Go for it !! LOL.
Some people tell lies and they never file any Insider Trading Reports. Only an audit can smoke them out. And there isn't an audit of KATX to be found.
Cover WHAT ?????????????? Hilarious !!!!!!!!!!!!!!!!!!!!!
HE IS NOT REQUIRED TO FILE HIS TRADES !!!!!!!!!!!! Of course he sold millions and millions.
So tell us what it all means then. I say it means very very little. Their properties are P O S.
I doubt that this has very much to do with just BVIG. I'll bet that they file the same stuff for hundreds of other Companies. It more or less just says " Oh that. Yeah we have heard of it. ". I seriously doubt if ANY of them has ever bought any BVIG. Do they intend to ? Nobody knows that. More jokes !!!!
OoooHhhh -- but none of them are very good. Moose pasture in Canada and camel pasture in Ghana. LOL. It even says so in the S-1.
For one thing the S E C made them amend the Annual Report. The Document is now twice the size. I think the S E C is now getting down to business with these clowns and telling them to do things correctly. We'll see how long the back-dating of the Record Date stands up under full scrutiny now. I think we may be coming into crunch time next week.
I think we have another Ken Stead mystery building up here.