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pro-trader:
You need to clarify that we will really have 2 stocks: a parent company and a subsidary. Each stock will appreciate/depreciate differently so it would not be correct to say this is 1 company in terms of PPS
You might want to check out IRS 83(b) provision for options to pay taxes if you assume favorable tax rate for dividends will continue.
See this article on restricted stock (start on page 8):
http://www.grantthornton.com/staticfiles/GTCom/files/services/TaxServices/CBC/Adkins%20Estate%20Planning%20Equity%20Comp%20Article%20wcover.pdf
You can move monies from a regular IRA to a Roth in 2010 and defer taxes on rollover until 2011 and 2012 tax returns.
You pay no taxes on 2010 tax return. Half of your IRA rollover will be taxed on your 2011 return and half will be taxed on your 2012 return. The investment appreciation needs to remain in the ROTH IRA for 5 years to avoid tax penalties. However the original rollover amount can be cashed out at any time without additional taxes as you will have paid taxes on it already. I did this for my house and have also rolled some KATX shares over as well. I will keep this account and get the KATG shares and appreciated KATX share value TAX FREE. This is assuming that KATX maintains at least the value PPS of $.159 when I did the rollover. There is no limit in 2010 on amount you can rollover.
This option is only available for 2010, so you need to act on it pretty quick if you see value in this strategy.
I am referring to initial price. Full Drill results will not likely be known by then. I expect higher as well once we have known reported estimates of gold available.
Based on the potential dilution (80%)of dividend stock to KATX and potential value of Handcamp, I believe that an initial PPS at time of dividend award payment date might probably be in the range of .10-.20 PPS
Keep in mind that shareholders such as myself do own an aggregate of 380,500 shares. That is not a large float, but it is a float, so there will be some shares non-restricted at all times based on current circumstances.
If Ken did that (and I have no estimate that the estimate increase is accurate), our dividends would be diluted by 25%, assuming 161mm were for dividend and 40mm were for float pool.
That would have some impact on KATX, so I expect that could not happen until we receive shares and KATG PPS is established.
KATX would be unaffected at that point and ALL PROMISES from Ken would be accurate.
Just buy some dairy cows with your profits, and you will for sure own most of Wisconsin in mproviding cheese to the masses.
Except for the fact that the there would only be an impact if authorized shares are released. If they are released, then WE WOULD EXPECT SOME ADDITIONAL VALUE from the action through CASH INPUT or SHARES INSTEAD OF CASH LAYOUT.
Either way, Steads will make sure Shareholder value is maintained!!!
They will still have control at that increase amount. That is why Ken stated that was the amount needed as he already has enough control between he and Tim.
They may increase authorized beyond the additional 68MM, but based on Ken's track record, they will hold these and not release for general sale until value in BVIG/KATG is sufficient to support a stock sale or extra value actions for shareholders such as a JV, etc.
I believe that they previously said they would have to increase the authorized by 68MM shares to be able to pay dividend. And yes they can with shareholder approval, which will happen as Steads have controlling shares percentage.
They will go to the account that KATX shares were in on the date of record.
In previous stocks that provided this type of dividend to me (they also used computshare), I did not have to do anything. Merrill Lynch handled the entire process and they initilally showed up in my portfolio in group called "Other" as restricted shares until the restricted date passed. They then became part of my regular portfolio group called "Stock".
I did nothing and ML handled it all. I can't see why anyone else would have any less service!!
Bottom Line:
Buy today = Free Shares.
Why wait until you have to pay more (like Hawk did) to get what you intend to buy anyways.
You will definitely pay much more for them in next week or so.
It does not matter if you hold indefinitely, buy buy now!!!
Amen Homevendor
Seems like we have convulted process here.
I have a simple process with link between my Bank of America Checking Account and my Merrill Lynch Investment Cash account. Funds transferred from my checking account are available almost immediately in my ML cash account. Funds transferred from my ML cash account to my BoA checking account are available the next business day.
At ML, I have a cash account that handles my buys/sell. The amounts from sells are immediately available for other stock transactions and the buys immediately decrease my cash available until I cancel them. Otherwise, I do not have any funds that are held up for any period of time. This includes Pink stocks, OTCBB and major boards
I have 30 free trades a month and then pay $7.00 per trade.
Sorry!! We are not Trans-Canada Telephone or Northern Telecom!!
I am propbably in much more than you. 1.5mm shares seems to be in very deep to me.
I tend to agree with you. We have something here that is being guarded until the appropriate time to release news. I am long on KATX and trust that Ken has and will DO VERY WELL for us, the shareholders no matter what we think.
Thanks Ken for you due diligence and perserverance!!!
And what are you trying to State???
Erock:
You were the one that stated we owned Handcamp.
I just got an e-mail from Jack ZwickerL We only have a right to the minerals, the Government always owns the land. We would own those rights until the mine was exhausted.
This confirms that we own only the minerla rights. You always maintain you are 100% correct. I would suggest that you do YOUR OWN DD before making these types of statements and not beat down others who have done some DD to see another point of view.
They have rights, not ownership!!
Erock:
You might want to do DD and read this article on Canadian Mining Stakes. I believe you might find it interesting on who owns what in Canada.
In Canada, surface rights and mineral rights came with the purchase of land until some time in the early 1900s, depending on the jurisdiction. Since then, mineral rights have been government-owned and cannot be purchased, but only leased, by individuals or companies. As a result, the mineral rights on more than 90% of Canada’s land are currently owned by governments.
As per the Canadian Constitution, the regulation of mining activities on publicly owned mineral leases falls under provincial/territorial government jurisdiction. Thus, there is separate mining rights legislation for each of the thirteen Canadian jurisdictions except Nunavut which is regulated by the Department of Indian Affairs and Northern Development’s office based in the Northwest Territories.
In the Northwest Territories, British Columbia, Manitoba, Ontario, Quebec, New Brunswick and Nova Scotia, individuals and companies must obtain a prospector’s licence before engaging in exploration for minerals. In the Yukon, Alberta, Saskatchewan, PEI, and Newfoundland and Labrador, one can conduct prospecting or exploration activities without a licence, but must have a licence to actually acquire mineral rights (or "stake claims") so as to protect what one has discovered. In some jurisdictions, a special permit is required to obtain the right to fly an airborne geophysical survey over an area not covered by a mineral claim.
Mining claim units are normally 16 to 25 square hectares, with a maximum individual claim dimension varying from 256 to 500 hectares. But in some provinces, or in some areas of certain provinces, maximum claim dimensions can be much larger, especially where claims are registered by way of "map staking." Mining companies can circumvent maximum claim size limits for individuals by having more than one person stake claims for it. Individual prospectors then transfer ownership of the claims to the company.
"Map staking" is being developed and is gaining usage in provinces or regions of provinces where the territory is surveyed. Claims can then be recorded on a map directly at the mining recorders’ office without the prospector ever having visited the location on the ground. Elsewhere, claims must actually be marked out on the ground, using marked wooden corner posts and boundaries cut through the forest.
Prospecting licence fees and recording fees are imposed at variable rates across jurisdictions. In addition, a certain amount of assessment work must be done each year to keep claims in good standing. For example, all jurisdictions require that claim holders carry out geological mapping of their mineral holdings, a specified amount of diamond drilling, or a specified value of other work. Copies of geological maps, reports, drill logs and the like must be submitted to the mining recorder. They are kept for future access by any interested party, after the end of a confidentiality period that varies by province or territory.
Holders of claims in good standing must obtain a mining lease in order to proceed with the development of a property into a mine. Mining leases require that claim boundaries be surveyed by a Registered Land Surveyor. They are valid in most provinces/territories for 20 or 21 years and can be renewed. Some provinces impose certain conditions upon the renewal of mining leases (for example, the property must be the site of an active mine).
URL:
http://www.mineralprospector.com/canada
Erock:
I believe that you are not quite accurate about ownership. I believe, we do not own HANDCAMP, so we can not sell the land to someone. I believe, we have secured property mineral rights and access rights only with the claim payment. Government of Newfoundland owns the land as a crown property. That is why LAT Exploration needs to maintain claim payments to secure these rights on an annual basis.
Looks like they intend to keep PPS below .20 for next couple of days until another annoucement??
I do not believe Ken said we will get non-restricted shares.
He stated that TA does not have instructions to restrict information about any KATX stock.
There is a big difference in that assumption and what he said.
Erock:
Can you confirm something for me. Ken has some xxMillion(96 million?) shares now being held for the KATG dividend. SO the dilution would only be the additional shares (65 million??) needed to give current KATX holders a 1 for 4 dividend.
This does not seem to be as dilutive as the 161 million shares you are talking about?
What did I miss in your calculation?
You have no proof that insiders are selling off. That is as low class as it can get about status of KAT exploration.
Show us proof of what you are suggesting or APOLOGIZE FOR DEFLAMATORY REMARKS about Ken, his family and the BOD!!!!!!!
I might think you blew the guess on HOD!!
End of day might be closer to $.2010, me thinks
The grey box is not bigger than the blue box. They happend to be 2 different rectangles. One is wider than the other and 1 is deeper than the other.
It has to do with how close the grey one is to the edge of the page. Lets not continue to read the unknown into any drawing taht is not to scale!!!
I've got mine in for $5.00!!
Never have had a problem. Have traded over a $million dollars in stock over last 5 years and no problems!!.
Again, you have a problem with brokers, buddy.
Try another broker and you will see it won't cost you.
Sorry, Not true for honest brokers!!!!!
I have had several restricted stocks that did not cost me anymore than my usual brokerage fee to sell once the restriction is lifted. Not sure where you do your business, but you might want to try Merrill Lynch where I deal!!
In fact I make 30 trades a month at no commission cost and have sold previously restricted stock with no commission costs!!
Jim:
I know how it trades normally, but this is different.
I have put in a bid at a low price and it was not executed. I raised the bid and BANG!, it was executed at a lower price than my original bid!!!
THIS IS NOT NORMAL (I trade daily and have never seen this type of trading consistenly like this). Someone is manipulating price.
Strange (and worriesome) trading trend:
Has anyone else noticed this. I have bought significant amount of shares in the last 2 days a lot lower than my bid. What gives??
regarding BVIG
DAG:
See my post #62423 regarding BVIG
Bought 300k+ shares today to boost my profit line in KATX. Paid between .127 and .14 so I guess I can be satisfied.
KATX will rebound.
Also ended up with more BVIG at .46 as I forgot about a bid I put in last week!! Guess I need to due mor due diligence to BVIG. Removed my other bids on BVIG so I don't get caught again.
I am Long on KATX with over 1.5MM shares now.
I suggested dual reasons for drill dates some time ago when we discussed the 2 different dates. Me think, my optimisim will be correct!!!
I also predicted that REE and Carbon Credits will be worth more that the significant but less value in $ talk being made on this message board in the last week!!
Check out my previous posts on this subject.
WHAT about REE and Carbon Credits. I think Ken has these in his back pocket and is adjusting his activities to maximize the value to us for the management of these using KATX!!!!
They become more valuable each month and when he exercises their value, we will ALL GAIN MORE than what will be available from Lucky properties, me think!!!
Simply:
If you buy anytime before the record date and keep throught the record date, you are entitled to dividend. However, the stock price will change on the ex-dividend date because you also must posess the stock the day before the ex-dividend date to actually et the dividend.