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The gazoonies are late filing again !!!!!!!!!!!!!!!!!!!!!!!!!!!! LOL
Here is what they did file to-day.
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period.
KAT GOLD HOLDINGS CORP. (the “Company”) is still awaiting third party documentation in order to properly prepare a complete and accurate Form 10-K. The Company has been unable to receive this data in a timely manner without unreasonable effort and expenses. For the foregoing reason, the Company requires additional time in order to prepare and file its quarterly report on Form 10-Q for September 30, 2012.
The Company does not expect significant changes in its results from operations and earnings from the corresponding period ended June 30, 2012
The buying action since last December certainly does mot support your theory that the M M s are in trouble. On the contrary -- the SELLING pressure has been steady all that time. If those dudes were in trouble you would have seen more support on the BID side. THERE ARE FEW BUYERS HERE !!!!!!!!!!
There is a huge misunderstanding here. Everybody knows that short selling increases the float. FACT FACT FACT FACT !!! There is no denying that. O K - so on the phony record date and if there was big shorting in KATX like some keep saying - the KATX share count will come in much higher than the TRUE amount. THEN WHAT ?? The S E C will not be pleased. This is why I firmly believe THERE WAS NO NAKED SHORT SELLING IN KATX !!!!!!!!!!!!! Does one think that a group of yokels from Newfie can trap professional M M s ? Yes let's wait for tomorrow's ha ha short report. It may be interesting.
There is a huge misunderstanding here. Everybody knows that short selling increases the float. FACT FACT FACT FACT !!! There is no denying that. O K - so on the phony record date and if there was big shorting in KATX like some keep saying - the KATX share count will come in much higher than the TRUE amount. THEN WHAT ?? The S E C will not be pleased. This is why I firmly believe THERE WAS NO NAKED SHORT SELLING IN KATX !!!!!!!!!!!!! Does one think that a group of yokels from Newfie can trap professional M M s ? Please get real.
This is how the Stead gang of scammers and manipulators do it. They get everybody talking crooked M M s and naked shorting and the price builds up a small head of steam ( read B.S. ) and momo, and then they whack it big time and get off more stock. Disgusting !!!!!! It's easy to see the pattern.
This is a POS company that is worthless just like katx.
I only go on the share price -- which sucks. That tells me how good a Company is. A minor is someone younger than 21. A miner works in a mine. LOL.
I think Brookes is over there living the Life of Riley and ' livin' large ', meanwhile doing nothing at Ekom Eya. I wonder where he's getting the money. Both KATG and KATX are still broke.
I don't think anyone knows what is going on over there in Ghana. Is Noble in production yet ? -- NO.
I'm all for it -- but it ain't happening. If the big guy moves in around you in an area play he will always make an overture to you to tie you up for his own exploration program. Has Noble done this re the Ekom Eya ? NO !!!!!!!!!!!!!!!!!!!!!!! Vale / North Lucky revisited. Vale did but so far Noble hasn't. It doesn't mean much anyhow because of those ghastly salaries being paid to Brookes and the rest. Who would need Brookes if Noble moved in ? Until there is a news release, the Ekom Eya is still a P O S. Noble certainly doesn't need it - and nobody else wants it either. Noble is having a rough time too to make any money trying to mine low grade gold mineralization.
So are you saying that the Mining Lease refers to the Ekom Eya ? After recovering from busting my gut laughing - I say HOGWASH !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! And I also say -- PROVE IT !!!!!
I doubt if anyone here knows what Noble's plans are nor what all these names and concessions are and who is who. In any event the price of the Noble stock remains ugly .. very low that is. There is a lot of Bull connected with Aussie companies and their stock market. You can't believe much of what they report. Maybe the big big money injection has not all happened yet.
IT MOST CERTAINLY DID NOT TOUCH $1800 THREE TIMES IN THE LAST THREE WEEKS. Anyone can go to the Kitco site and see that.
1/2 ounce per ton is high grade. It always was. It most definitely is NOT a cut-off grade by any reckoning. Do you know what a cut-off grade is ? As far as going to a mining lease it may be for those other better properties within the Prospecting Concession. Absolutely nothing to do with Ekom Eya. If that was any good Noble would have knocked on the door long ago. NO -- Ekom Eya remains a P O S.
NO !!!! He only made the initial purchases -- IN HIS OWN NAME. He never bought ANY after that. Those are combined in the shares that KATX got for mineral claims. He has made this highly ambiguous and misleading ON PURPOSE. That second batch belongs to KATX. The man is 'kinky ' as we say.
We all know that. It took place when the BVIG shell changed hands more than 2 years ago. What we still do not know is where Ken got the money to buy control. Was it his own ( after always crying he was broke ) or did it come from KATX or some devious scum-bag partners ? NO TRANSPARENCY !!!!
It was oodles, wasn't it ? But that Intent To Sell is mandatory because it shows there is an overhang on the market.
When you get on the OTC.BB you absolutely MUST file Insider Trading Reports immediately when you buy or sell any amount. These get reported. All reports would appear to be current on Forms 3 and 4. But some people DO NOT file. This is illegal.
GUMP FOUND IT !!!!!!!!!!!!!!!!!!!!!!!! No one else did but they said there was no such thing !!!!!!!!!!!!!!!!! Bottom line right now ?? Ken wants to SELL some but nobody wants to buy, even at this low price. Why ? BECAUSE IT AND EKOM EYA ARE P O S !!!!!!!!!!!!!!!!!!!!!!!!
HA HA HA HA !!!!!!!!!!!!! FOUND IT !!!!!!!! Triple Duhhh !! Here is the PROOF.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8149535
This was a private deal between a mystery financier and KATX referring to the financing of KATX. There was a penalty clause in it involving BVIG shares -- so BVIG HAD TO ANNOUNCE IT IN THE S - 1. Triple Duhhhhhhhhhh !!!!!!!!!!!!!!!!!!!!!! Ken has people so confused he can scam at will. And you are also going to find that he filed an Intent to SELL BVIG.
I believe Ken Stead duly filed an ' intent to sell '. It's out there - believe me. I'll bet some of the research bird-dogs will find it now.
The reason he has not sold any is because nobody wants to buy any. And you are forgetting he is on the official record as WISHING to sell OODLES !!!!!!!!!!!!!!!!!!!!!
Now Ken must report all his BVIG sales within 3 days. There are no reports filed - so - I guess he has not sold any BVIG - or else his Insider Trading Reports are not up to date. There wasn't much sold by anyone else either. Why ? Because there were no buyers. Why ? Because no one is interested in this Company. Why ? Because it is not very good.
These become moot points after this current submission of the S-1 is dealt with either way. The penalty will apply or it won't. And who knows anyhow ? The Clowns could change the financing deal. The point remains -- at this date, both KATX and BVIG are still broke.
Big LOL. If I was a Financier and I said " O K Kenny here's my financing proposal but if you can't get the S-1 APPROVED by October 31 it'll cost you an extra 23 million BVIG " I would MEAN - APPROVED. No playing around with word games. It was NOT APPROVED by October 31. This is the same type of lame gobble dee goop that is being used re the back-dating of the Record Date. The ' Line in the sand ' was October 31 - and it was breached. This is one great CLOWN BUFFOON SHOW !!!!!!!!!!
How can Oct. 25 be the approval date when it is now Nov. 11 and we still do not have the S-1 approved ? Big big LOL !!!!!!!!!!
I thought those shares are a PENALTY for not getting the S-1 approved before Oct. 31. THE FINANCIER OF KATX gets them. KATX loses loses loses loses !!!!!!!!!!!!!!!! THE FINANCIER is supposed to be financing KATX. The penalty comes via the BVIG shares that KATX owns. This is not rocket science !!!!
More misleading statements. No, NOBLE certainly DOES NOT HAVE A MINE in the Bibiani North Prospecting License. Their operation is south of that.
If you wish to do more detailed math using your numbers you will see that KATX is going to own even less than 3 % of BVIG if the spin-off eventually happens. Numbers DO NOT LIE !!!!!!!!!!
You are strongly WRONG here too. And here is the proof -- copied from the S-1 ...
""""" On November 10, 2011, our parent company, issued 74,074,014 shares of its common stock to an individual in connection with the terms of a securities purchase agreement. The agreement that provided for the above transaction involved certain milestones, including that the registration statement of which this prospectus forms a part must have been declared effective by the Commission on or before October 31, 2012. In the event that the registration statement of which this prospectus forms a part has not been declared effective by such date, Kat Exploration must transfer 23,000,000 of our shares of common stock to the purchaser. """"
It is clear as a bell as to where the BVIG penalty shares are to come from -- from the holdings of KATX is where. KATX has no jurisdiction to ISSUE BVIG shares. Tsk Tsk Tsk !!!!!!!!!!!!!!!!! And this all refers to a FINANCING OF KATX !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! NOT BVIG !!!!!!! Double Tsk Tsk !!!!
You are strongly WRONG here. And here is the proof -- copied from the S-1 ...
""""" On November 10, 2011, our parent company, issued 74,074,014 shares of its common stock to an individual in connection with the terms of a securities purchase agreement. The agreement that provided for the above transaction involved certain milestones, including that the registration statement of which this prospectus forms a part must have been declared effective by the Commission on or before October 31, 2012. In the event that the registration statement of which this prospectus forms a part has not been declared effective by such date, Kat Exploration must transfer 23,000,000 of our shares of common stock to the purchaser. """"
It is clear as a bell as to where the BVIG penalty shares are to come from -- from the holdings of KATX is where. KATX has no jurisdiction to ISSUE BVIG shares. Tsk Tsk Tsk !!!!!!!!!!!!!!!!! And this all refers to a FINANCING OF KATX !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! NOT BVIG !!!!!!! Double Tsk Tsk !!!!
I wonder how many people know what a Longitudinal Section is. And then how many of them know how to interpret it. This one shows that the areas that they mined occur quite sporadically and do NOT show good continuity of the (ore ?). We call it ' spotty '. There was no operating profit made in that little gopher hole. LOL.
I don't think many people understand how these Concessions, Co-operatives, Prospecting Permits, Small-scale miners, etc. Regs work in Ghana as far as the Ekom Eya and Noble relate. Noble may or may not be interested in what KATG is doing or is going to try to do. In any event the actual acreage that KATG has anything to do with is very very very very miniscule compared to the size of what is called the North Bibiania. Like a dimple on a pimple on a sand fly's butt. Tooooooo small !!! And of highly questionable viability right now. LOL.
Speaking of liquidity -- we all know that shorting - be it real or naked - INCREASES THE FLOAT. This means an increase in liquidity -- WHICH WE ARE NOT SEEING IN KATX. Liquidity means you can buy or sell big blocks of shares without changing the share price very much. I would invite you to try that here with KATX. Conclusion ?? There is no liquidity in this stock right now. Nobody wants to BUY any nor SELL any. THERE IS NO YET TO BE COVERED NAKED SHORT POSITION !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Here's my rough math - but it will be close. The S-1 says after the spin-off KATX will own 34,525,306 shares of BVIG. Now the 'penalty' for not getting the S-1 approved by Oct.31 will cost KATX 23,000,000 shares of BVIG --- leaving them with roughly - only 11,525,306 Shares of BVIG -- equating to less than 4 %.
Copied from Facebook .... "" From my understanding Ken recently turned down additional funding= we good! "
Lies Lies Lies Lies. How can it be 'additional' when they haven't got ANY in the first place ??
KATX has never been audited. Until that happens I suspect K & T have sold huge amounts of shares and they laugh at their Shareholders behind their backs.
I believe you are going to be shocked right out of your boots when it is finally exposed how many shares the beloved Ken Stead has sold - right under your nose and you did not know it because he was not required to disclose it. He runs a Bull shop deal !!!!!!!!!!!!!!! He is a CONMAN !!!!!!!!!