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It was cancelled. There is a warning now in the S-1 that there could be litigation because of that.
I think Ken caught some more greedy suckers to-day. He probably leaked that Version 7 of the S-1 was coming out to-day and it was going to be favorable. So the suckers jumped in. Hence to-day's abnormal volume spike. So he's probably at home having a great laugh and saying to himself .. " GOTCHA -- again. LOL ". He probably filled them. This is sure one rotten stock deal.
Another washed-out-week !!!!!!!!!!!!!!!
Another myth shot down. According to this latest S-1 version the Ekom Eya has not generated ANY money yet. I guess they are still pumping water. ROTFLMAO !!!
It shows incompetence on the part of the ha ha Lawyers that Ken employs.
THIS IS NUMBER EIGHT NOW !!!!!!!!!! I can't stand these clowns. I'm too lazy to re-read it over and over. Anyone spot anything new or important ??? Actually I can't get the full Report because there is an Error message, Anybody else ??
It seems that the $0.001 bid is pretty solid. I wonder how much it would take to break it. Obviously there is SOMEONE minding the store right now. This does look like a bottom. It's either being held by M M s, or the Steads, or a new management group. I am going to guess that it is new management. However right now it might just NOT BE a good buy because I also think there is going to be a mind-boggling roll-back before any new stock pumping game starts up. And I guess they want to get this spin-off thing off the plate before starting anything new.
Once a P O S - ALWAYS a P O S.
I am amazed that this huge P O S company is still in business.
They speak Newfie. And if you have ever heard it you will understand what I mean. " Ken's yer bye !!! " LOL.
A great big fat SO WHAT !!!!
EVERYBODY whoever did a soil survey got anomalies.
Nobody has to COVER anything. There is a firm solid number of BVIG shares that KATX HAS - free and clear. This number is divided up among all the holders of KATX on the Record Date. Nobody is going to say " Are you sure those are not I O U shares of KATX that you hold ? ". You just won't get 1 for 3. It will come in at more than 3 if there are uncovered shorts ( WHICH THERE ARE NOT !! ). AND NOBODY WILL KNOW THE DIFFERENCE !!!!!!!! Big big joke. NOBODY but NOBODY can catch or squeeze naked shorts. Mostly because they are extreeeeemly rare. People dream that there are huge blocks out there. But there aren't ( in most cases ). That old Naked Shorting horse bleep is just an excuse the promoters use when their share price goes down the toilet. It hides the real sellers - who are the promoters and their touts and the paid pump-a-dump Groupies.
From the S E C link you just gave ----
When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.
LOL. How can you declare anything without doing a press release ?? Or I guess you mean they would do a mail out to their REGISTERED shareholders -- which would NOT notify everybody like a P R would.
OoooHhhh !! You are correct. Sorry about that. But I agree with the rest of your post about new changes.
You mean a thousandth of a cent. $0.0011
It goes - tenths, hundredths, thousandths.
So do you admit it is confusing to the layman ?? Like the average Joe who plays these low-tier stocks. I think it was done on purpose. And it does touch on being FRAUDULENT !!!!!!!! Why ? Because NO WARNING was given - that you must HOLD your shares until certain dates are past. IT REALLY STINKS !!!!!!!!!! FRAUD -- FRAUD -- FRAUD -- could be construed.
One of the differences here is that THERE WAS NO P R about the spin-off. The NORMAL time line is -- Directors Meeting followed almost IMMEDIATELY by a P R BEFORE the Record Date. These devious people did not do that.
We have debated this subject many many times. It's up to the 2 Companies to clarify it in the S-1. And so far they have not budged in saying that if you held KATX shares on Dec. 21, 2011 you will get the spin-off if the S-1 is approved and the Record Date remains the same. No mention or warning that you have to hold your shares until after the ex-dividend date or any other date. NADA !!! So go figure. I think they have remained ambiguous on purpose to create confusion and keep people from selling their shares. But don't worry they will not fool the S E C.
WRONG. The Record Date determines who gets what. HILARIOUS !!!!!!!!!!!!!!!!! USUALLY the Ex-divi date occurs a little bit BEFORE the Record Date. You can take and stuff the Due Bills whatever they are. LOL.
Let me give you an example of why back-dating of a Record Date will simply not fly with the S E C. Some people ask their broker for delivery of their share certificates. They get them. Yes it can be done. But sometimes you get what are called ' Street Shares '. These are perfectly legal and they are yours to have and to hold. They have someone else's name on the front but they are endorsed or signed off on the back. But they are YOURS. Suddenly the KATX clowns announce that Shareholders of Record at a date IN THE PAST will get a bonus of spin-off shares. The guy whose name is on the Street Certificate you hold in your hot little Safety Deposit Box will get the bonus AND YOU WON'T. You can't notify anybody about your Street Certificate because the Record Date has long since passed before you were told of the bonus. You are S O L !!!!!!!!!!
Nobody ever said anything about Due Bills except here on this Board. Most people do not even know what that means. Myself included. Why ?? Because it is all B.S. There is no mention of it at all in any way in the S-1. Were it the case it would have been thoroughly outlined in the S-1. All I ever saw in the S-1 is that if you held KATX on the Record Date you will get the BVIG shares. It did NOT say that you had to hold onto your KATX shares until after an Ex-divi date was announced. It is not that your shares are LETTERED. You get the bonus ( if it ever happens ) if a credit in a Book Entry at a Brokerage House for Dec.21,2011 has your name on it. KATX will deliver your BVIG shares TO THAT NAME !!!!!! You could have sold your shares on Dec. 22 and still get the BVIG shares because it has ZILCH to do with the actual share certificates. I am AMAZED that few people understand this.
So you are telling me that if I bot shares of KATX to-day I would qualify for the spin=off because the ex-date has not yet been announced ?? Please get real. THAT is absurd. The S E C could view that whole thing to be just a ploy to discourage people from selling KATX as it meanwhile keeps dropping in price. The whole blinking thing STINKS !!!!!!!!!!!!!
Then they should not have MISLEAD the suckers in the S-1. Read it !! It distinctly says ' YOU WILL RECEIVE ' 1 BVIG for every 3 KATX you owned on Dec. 21, 2011 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! How can it be any clearer than that ?? What a bunch of CLOWNS !!!!!!!!!!
NOBODY knows that for sure.
You have to own shares through BOTH dates, not just one.
In my opinion I think they are now preparing a new pump and dump. But they are having trouble with the paper-work and the financing that depends on it. The timing this time is not as good -- the junior resource boom is temporarily over and spec money is very scarce right now. Plus of course a lot of people are now aware of these sleazy people and their groupies.
It seems to me that Ken Stead has been ripped apart for a long long time on this Board. It seems that he has a few supporters to defend him. But he COULD defend himself ( if he cared ) by becoming a little more transparent and bring everyone up to date about what it is that he is actually doing corporately and in Ghana right now. His silence strengthens the case against him - that he is a sleaze. He must like that or else he would do something about it. As for his defenders here, I often wonder if he is paying them off in shares. I had heard rumors a while ago that certain people had made clandestine under the table deals with him to pump the stock.
In the real exploration business ( unlike the world the Stead brothers live in ) names are given to mineralized areas and they stick forever. Hence the North Lucky and the South Lucky. The claims that KATX HAD on the North Lucky have expired. Those new claims at the South Lucky are NOT the new North Lucky -- they are tie-on claims to the South Lucky. STRICTLY MOOSE PASTURE !!!!!!!!!!!!!
I don't think there is much doubt that these guys are planning another stock promotion / pump and dump again soon. As soon as thy can get all the ducks in a row and find a new financing group. I think there is going to be a permanent split between KATG and KATX with new management in KATX. Ken and the old Gang will run with KATG and somebody else is going to run with KATX. The present KATX shareholders are going to get hugely diluted almost to zero value as a reward for their long term loyalty. I M O. And those who stay with KATG are also going to suffer more dilution by the time the financiers take a huge pile of cheap stock for the financing money. It would not surprise me at all either to see KATG get rolled back. It's getting bloated already and the new game hasn't even started yet. All I M O. So we shall see.
Those are mostly the NAMES of brokerage houses that hold millions of shares for scores of PEOPLE. Do you understand how the system works ? If ONE brokerage house has 300 clients who hold KATX shares it can sometimes only show ONE shareholder of record on the books. Duh !!!!!
THAT'S the GANG !!!!!!!!! Hilarious. Do you speak for that GANG ? LOL.
And less weight than the group holding 400 Million shares. Those holding shares set their selling price - which is far beyond the current price
Do those include the freebies the GANG got paid by Ken to pump and tout ??
This up-coming spin-off -- if it ever happens -- is just Ken's way of trying to redeem himself in the eyes of his old and loyal shareholders and to try as best he can to avoid law suits. He says he is going to give them KATG / BVIG shares in something like an exchange for KATX shares that he is about to dilute to oblivion. So they lose big-time in their KATX but he makes them think they are getting a win because of the spin-off. This is true to a certain extent but I don't think they are going to win enough from their new KATG shares to offset what they are going to lose on their original KATX shares. In itself too it is actually just even more dilution again. They had - say - 3 or 4 shares of KATX but now they may be getting ONE SHARE of KATG. So they really are GETTING DILUTED. And of course now - if KATG is going to run with the Ekom Eya tiny property it is going to be a rough one to run the share price up again - because it is garbage. This is one very sad situation for those who bought in and held for all these years. ( And didn't sell heavily into the pump to 25 cents like all the Insiders, Groupies, and paid pumpers did ).
At this point though it is an attractive shell for a new group to buy. There is always a demand for good clean shells like this one is now. But in my long long experience in all facets of this 'game' I have usually seen a huge huge roll-back along with a new financing and the starting of an entirely new game. And not even in the same industry in some instances. In a case like that the current shareholders get diluted down to next to zero - and the new owners have clear sailing for a new pump and dump.
Old discussions re-hashed are just a waste of time to re-debate. A lot of times the majority IS WRONG !!! LOL. Nobody knows where all the shares are right now. There has never been an audit. When a new stock-sharpie-thug comes into a shady deal to buy it or take it over - the first question asked of the old owners is " Who's got all the shares ? ". In this case - only Ken and his Insiders know for sure. To say there are 400 million shares holding tight is to guess if you cannot prove it. The Stead gang never file insider trading reports and the Company does not get audited. The negligible daily trading says that right now this Company is clean. No big buyers trying to get in and no great number of people trying to get out.
I've seen hundreds of geochem maps and I know what I am looking at. Their presentations are amateurish CRAP !!!!!! Anyways - nuff' said. We all discussed these maps years ago before the drill came to Handcamp. This discussion now is redundant. And besides that KATX sold the H C.
We call that type of presentation a ' cartoon '. The particular one you just showed looks like one of those kid's video games, or kindergarden coloring book. Any self-respecting geo would bust a gut laughing at it. Very very amateurish. Another JOKE !!!!!!!!
Excitement ?? Oh yeah -- this traded again this morning at its low price for the year -- Triple 0 nine !! Now THAT is what you call exciting.
A reverse split is the only thing they can do now. There is far too much stock issued now. It is like a bloated pig.
Great find B402 !!!!!!
GREAT FIND B402. This is hilarious !!!!!!!!! Kenny can sure pick 'em, can't he ?? LOL. I kinda' suspected something like this. Guys like Brookes are wannabee mining people who play around the fringes of the exploration industry. No self respecting junior company working in Ghana keeps an office in White Rock, B.C. like his Global Gold does or did.