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There is really nothing in sight right now to turn this around. It first needs a big big roll-back / Reverse Split, and then a big financing and some new asset to work on.
How do you know this ?? I suggest that YOU DO NOT !!!!!
a direct effort to slow the execution of the S-1 distribution
And how pray tell would they go about doing this ?? Isn't it the S E C that is the slow-moving entity ?
Are you insinuating that the M M s work with the S E C ? I DON'T THINK THEY DO !!!!!!!!!
That is a highly irresponsible statement. Especially because it cannot be proven. And -- t'ain't true !!
There is an agenda by Market Makers to discredit KATX management without using proof but only innuendo.
They don't have to report Insider Trading in the Pinks -- and they usually don't. As for ALL THE REST of their records - they are suspect. They have already been caught up in lies.
The Pinks are a cesspool. An animal-fight pit. They should be eliminated. If you wish to go there you will find criminals, fraudsters, and conmen. AND crooked M M s. The O T C.BB is only a small step above the Pinks. At least the O T C. BB companies have to be audited. This is why Ken was reluctant and slow to take KATX up there. He would have had to disclose his insider trading - for one thing.
My advice ?? Don't look into the M M jungle -- don't go there. They have tricks and moves unknown to any of us. And you know sumpin' ?? THEY OWN THE GAME !!!!!!!!!!!!! When a naive newbie speculator comes into the Pink Sheet world there are automatically 2 groups there to take his money .. the Pinkie Insiders and the M M s. But the M M s are also in the position to take big money from the Insiders too. And they do. Just take a look at KATX and BVIG right now. The amount of professional-type geo-fieldwork these clowns have done in the last 2 years is virtually NOTHING !!!!!!!! Why would anyone want to buy into them ?
Sigh !! -- I get tired of 'splainin' this stuff over and over and over. M M s simply CANNOT carry HUGE short positions for any length of time. They certainly do not pocket any money at all. So what is the point ??? And even THEY have people who they answer to .. same as we all do. So if their supervisors or bosses see all that hugh-mongous volume of KATX SHORT -- they are going to say " Fix it up -- A S A P ". The rebuttal and the bottom line here is that the huge naked short position simply DID NOT HAPPEN !!!!!!!!!!! That is 100 % mythology.
As we sit now the Record Date is just hangin' out there like an orphan. No one knows what will happen next. This is exactly what Ken wants. Confusion. This will serve to hold in a lot of the naive loyal long-term holders. SO HE HAS LESS COMPETITION TO SELL -- HIS shares.
None of the arguments against the M M s hold water. They are big big sellers you say ??????? And Naked Shorters ? This is the age-old argument used by stock scammers and Insiders. THOSE are the huge Sellers. And the naieve suckers buy into that !!!!!!!!!!!!!!!!!!! What a JOKE !!!!!!!! Ken sends his love. LOL.
Surely we can see how absolutely phony all this is. For 2 days in a row we saw the taps turned on - by somebody - and HUGE HUGE uncharacteristic trading volume. To-day IT STOPPED - just about as abruptly as it started. THIS IS ALL MARKET MANIPULATION. FO KNEE !!!!! An inside job to be sure. And let's nor try to say it was the M M s. Something's coming soon down the newswire. And it's not going to be good for the existing shareholders. Bet on it !!!!!!!!!!
The Stead Companies are about SELLING SHARES ----- THEIRS. And slippery-slimey corporate rinkey-dinks. NOT about mining, mine development, or mineral exploration. They simply do not do any !!!!!!
Did you ever think that the Stead guys do not always tell the truth ? Once caught - everything you do after that is suspicious.
I believe this Stead guy has a lot of suckers wrapped around his little finger. HE LOVES naive Shareholders. The wake-up call is coming, but alas - it will come too late. He has conned a lot of people.
I would STRONGLY bet that you are dead wrong. He does not have to report his sales - so NOBODY NOBODY NOBODY NOBODY knows what he has sold, bought, or kept. And of course he has already been caught up on lies !!!!!!!!!!!!
The last 2 huge volume days are interesting. You cannot drum up huge buys instantaneously like that. Those buys were arranged. Manipulated. Same goes for the sells. Only the Steads have big blocks like that - and so does the Treasury. There is a Company reorganization coming very soon in my opinion. New blood is coming in and that big volume was the crossing of stock from the Steads to the new people. Almost wash trading - which is illegal. Bottom lines ? Those were unusual volume days and are the advanced indicator of new corporate developments soon to be revealed. And you ain't goin' to like them - I M O .
Isn't there a newer version filed on Oct. 18. That'll take you another hour. LOL.
How come their first 3 tries at it were shot down by the S E C ?? Yes they are ha ha Lawyers. But I'll bet their fees would choke a horse.
I think this thing about dates is being debated heavily here because some of the debaters think the Spin=Off is going to be approved by the S E C. I do not think that it will be.
If you had X number of shares on December ?, 2011 ( what the S-1 says is the Record Date ) and you sell them tomorrow you will get the BVIG bonus shares that it says you will get -- BUT ha ha only if the S E C approves that Record Date. Which it ain't goin' to do - I M O. Conversely if you BUY any shares tomorrow you ain't goin' to get the bonus NO MATTER WHAT !!!!!!!!!!!!!!!!!!!!!!!
I do not believe this to be rocket science. Here's my 'take' .. First --- you ain't going to get the current Record Date approved because it was back-dated on the day it was made public. Now let us say it DOES get accepted. Then it is the one and only Date that matters. If you had paid up shares in your account on the Record Date you WILL GET the Spin-Off. If you sold them the next day you will still get the Spin-Off. If a third party who did not own shares on the Record Date came in the day after the Record Date and BOUGHT shares he would not get the Spin-Off. These BVIG Spin-Offs are not like a Coupon attached to a share certificate. They are attached to the NAME of the person who was a Shareholder on the Record Date. I'm done here on this particular discussion because it has been flogged into exhaustion. O K I just read this about ' Due Bills '. My 'take' there too is that these Bozos have tried to MAKE this rocket science and confuse everyone !! The objective is to try to hold the loyal Bagholders 'in' even longer -- while THEY dump shares. I believe they have succeeded. They are taking the doughnuts and leaving the holes to the loyal bagholders. It's a travesty !!
It's the S E C that calls the shots when there is controversy or something unusual like there is here. In what you just posted - the Stead bandits made a HUGE mistake by not putting out a TIMELY PUBLIC notice that the Spin-Off was proposed. The S-1 is NOT such a Public Notice like a Press Release is. And besides they took their sweet time putting S-1 out too.
At this moment there is NO date of any kind approved.
Let us just say that Ken Stead has made one grandiose mess of this S-1 and NO ONE is quite clear WHAT it means. Seeds of doubt have purposely been sown to once again try to hold the long term loyal bagholders IN. SO HE WILL BE UNFETTERED TO SELL HIS OWN SHARES FIRST !!!!!!!!!
We have debated, discussed, and thrashed this subject many many times in the past on this Board. It's all been hung out. We'll just have to wait to see if the S-1 does eventually get approved. Right now it has not been.
This is all redundant because no Spin-Off has been approved anyhow. And it probably is not going to be because the Record Date is back-dated from the Announcement Date. And there was NO announcement date in a news release either.
Because the Dividend or Spin-Off never was approved. In theory the ex date is long past. If you bought now you would not get the Spin-Off. Conclusions ? -- It is still a huge dog's breakfast and a colossal joke.
No ex date was ever announced
Their record shows that THEY DO NOT !!!!!!!!!!!!!!!! How many attempts is this now ?? LOL.
The Law-firm sure should know what to do
Here is the problem in the S - 1. And I do not think the S E C is going to let it pass. There was a duly constituted Directors' Meeting of KATX and the Spin-Off was approved. THE PROBLEM HERE is that they did not publicly announce it in a timely manner. WHY ???? Who knows ? Had they ANNOUNCED it in a timely manner and the Record Date and the Ex-dividend date been clearly stated for some time in the future I believe any S-1 would have gone through with flying colors. Very very strange that their high-priced ha ha Lawyers allowed all this to happen. Could this be construed as just more deviousness from the Stead Gang to hold the bagholders in for as long as possible by creating confusion ?
Here is the problem in the S - 1. And I do not think the S E C is going to let it pass. There was a duly constituted Directors' Meeting of KATX and the Spin-Off was approved. THE PROBLEM HERE is that they did not publicly announce it in a timely manner. WHY ???? Who knows ? Had they ANNOUNCED it in a timely manner and the Record Date and the Ex-dividend date been clearly stated for some time in the future I believe any S-1 would have gone through with flying colors. Very very strange that their high-priced ha ha Lawyers allowed all this to happen. Could this be construed as just more deviousness from the Stead Gang to hold the bagholders in for as long as possible by creating confusion ?
It is a HUGE HUGE HUGE stretch of anyone's imagination to believe that the recent news and corporate developments for both KATX and KATG can be considered good. We NOT good -- at all !!! More and bigger dilution is going to hit both these Companies very hard very soon. Neither has yet been financed and this ALWAYS means a lot more shares being created at low low prices for the Financiers.
Not much again to-day. Naked shorting by market makers is not much of an issue. Never was !!
http://otcshortreport.com/KATX
HUGE LOL. I thought this ha ha Accountant was a rube. It's PREferred sir -- NOT PERferred !!!!!!!!!!!!!! What a huge group of CLOWNS !!!!!!!!!!!!!!!!!!! ROTFLMAO.
I think the Stead hanky-panky days are over. Too risky now that the S E C is 'on to them'. Any devious side deals being cut by ANYONE now won't go undetected. The noose is starting to get tighter for the Stead Gang. The S E C will always favor the market makers.
THE MM s ARE NOT INVOLVED ON THE SELL SIDE AT THIS TIME !!!!!!!!!! The price is in a downtrend all by itself. In this mode - if anything - the M M s must from time to time be BUYERS to keep the bottom from falling out. This is how their job works. This is what they are SUPPOSED TO DO !!! Maintain an orderly market. They control skyrockets when the mode is UP and they are buyers when the mode is DOWN like the last 2 days. Promoters, scammers, slimeballs, and paid pumpers always try to blame M M s when their share prices crap out -- like here. Simply NOT TRUE !!!!!! LOL.
To think the M M s are involved in this current bloodbath is to dream. It's Ken, Tim, KATX, and disgruntled bagholders doing the selling. AS THEY HAVE BEEN DOING FOR A LONG LONG TIME !!!!!!!!!! But I would like to hazard a guess that it is new management that is doing the buying. I think there will soon be a gigantic reverse split and a sale of the control by the Stead Brothers to new people who will take this into a new industry and probably even change its name. It is also doubtful that these Stead hanky pankies will allow the ha ha S-1 to pass either. The S E C is not blind.
Me too.
If we get another heavy volume day again tomorrow ( the 19 th ) we might see triple zeros in the price - as in $0.0009. Obviously there is some more Stead hanky-panky going on here right now. It's not M M s and it NEVER was !!!
I think I alluded to that to-day and tried to explain it. There was little selling by the M M s just like I figured.
not many shares sold today that are reported short sales, I think less than 1% that is crazy
I see they re-filed the S-1 AGAIN to-day. It's as if they do not know how to do it properly.
I think they do it to confuse everyone. And it works. They are like a bunch of children playing games. The same approach they are taking at the Ekom Eya for mining. Yes they re-filed that S-1 again to-day.
This is all an obscene joke now.