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Thats one of the truest and funniest statements I have read on here. lmao but lets be real. It has to be within 30 min of each other and only after the swift check is in hand for deposit.
Yeah man, see this is how it works here. You buy the cheapies today and the avg down with tomorrows cheapies. Before long all you have is cheapies, but no profit.
How's it feel to already have lost on the buy today?
Nice try on the spin factor. Bottom line is KATX released news and A supposed CFO posted here. BEORE THE END OF THE MONTH. Spin it anyway you want, it was bs
So if an official come on here and posts before months end, and it's not going to happen, shouldn't they inform shareholders of the delay? Yes they would. This was, is, and always will be a scam company run by thieves.
Mappo you are just now seeing what many here have known for quite sometime. That Ken Stead is not trusty worthy or honorable. and any explanation that is given will be false.
Well this is certainly a surprise! where are all the happy people poring over this latest development in the saga here? Where's all the good news? The details on the merger? hmmmm, I keep looking and can't find nary a word or letter written abt it anywhere. Wha happen Lucy?
This confirms what many have known.
KEN STEAD IS A LIAR AND THIEF. APPARENTLY MANJIT TOO!!!!
http://www.otcmarkets.com/stock/KATX/news
As of 1208 AM, Sunday, July 1st, 2012 there is no news.
Once again,
KEN STEAD HAS BEEN PROVEN A LIAR AND THIEF. MANJIT TOO!!!
Did you? Why mus you have others do your DD?
Awwwfullllyy quiet here tonight with the big news coming in the next 40 min. ohhhhh, thats right, it was another lie by Ken Stead and Manjit.
Not sure how long you have been in this, and it doesn't matter. If you go back and do your own DD you will see case after case after case when Ken Stead has lied. This is only a share printing company. So start with his PRs, and look at what the man has released, and match it up to what he has finished. You will find there isn't much. More lies than truth here equals pure pink sheet scam.
Please post a list of Ken Steads completed accomplishments as CEO of KATX. And then we will compare said lists and proving once and for all Ken is a bonafide liar and scumbag. We are all waiting, so do indulge us this one request with something factual and not your opinion.
"We have never been lied to by management - Corporations do not follow the schedule provided by message board traders. All the Ducks must be in a row before we march! "
Too many times we have been lied to, and just a quick review thru this board one can find many examples. And when an official from said company comes on a message board stating something will be done by a certain date, and it doesn't happen, that is not a lie? hahahahaha Clown Ken and now his side kick Magic Manjit are running dangerously close to the deadline for todays announcement. And if it doesn't happen that will be another lie to add to the long list of them.
I can not wait to hear the excuses from Ken and Majit about why this isn't going to happen. Ought to be some good reading around here this weekend.
What???? You are kidding right? hmmmm Distro 1. fail. RR assay results. Never released. Carbon credits. Lie. Filings on time. Fail. Running an operational funded company. Fail. Vale. Fail. Should I go on? but yet this quote;
"I understand what you are saying - but I am talking about Kat Management.
They at least have been straight with shareHolders."
Please do tell what they have been "straight" about.
KEN STEAD IS A LIAR AND THIEF!!!
I am a shareholder and still won't see squat.
And they're paying how much? lmao For a 150 bucks we can setup a better op than that. I'll build the sluices.
So your saying that the new company and not shareholders will own the 12%? Thanks for clearing that up. We get nothing.
Think abt your numbers. 100's of wells? Proof? 250bpod? that would be an aggregate of 2.5 bpod for 1 well. And you think this is profitable? Or more importantly probable? lmao really, you have no idea abt the O&G buss. No company would have a well producing at 2.5 per day. Care to try again.
And please provide the link that shows that KATX has any minable amts of any REEs. Show the assay results please. And geo opinion letters. Can you? hmmmm don't think so.
All those posts are misleading at best. You know this yet continue to post out of date misleading info. And there is no Vale option as stated in the link you provided. And as a point of interest, KATX is not in the mineral exploration buss, it has become a holding company. Which hold nothing of value. And if it is to be believed, soon will be an O/G exploration company. Which is a scam also IMO.
KEN STEAD IS A LIAR AND THIEF!!!
As a matter of fact it is their fault. They can not and will not see anything they ever start to completion. Please compile a list of COMPLETED tasks for the board and post it here for all to see. TY
Wow like they looked out for us during the 2 yrs of dilution? Or the test results for RR? oh you mean the carbon credits? No? ohh you must mean the transfer of tangible assets from here to BVIG with no compensation. Oh you mean like the way they took care of us on the first share distro? hmmm thats right, Ken forgot ab that one so he made a new one. No this is a shell game and Ken Stead is a pos, Prove me wrong. What has he started and seen through to completion?
Beautiful. Would love to see the scammer get scammed.
KEN STEAD IS A LIAR AND THIEF!!!
"No actually KATX holds all the stock in BVIG so the shareHolders of KATX are controlling BVIG."
Really? looks to me like Ken Stead owns an equal amt. So how is KATX shareholders controlling? And what happens when this sham of a take over occurs? What will be our compensation from the new scam artists? No we will get nothing and Ken Stead will become owner of the shares set aside for KATX.
KEN STEAD IS A LIAR AND THIEF!!!
Please show me in the filings KATX is the holder and not the Stead brothers. TY
So basically in a nut shell, Kenny boy stripped this of assets and moved them to BVIG with out compensation to date for us here. And now he is relenquishing control of the shell to some fly by night O&G wanna be exploration company with out coming forward with the terms and conditions. Nice, and all I hear from many is we good. No, we are not. This is a fraudulent bs lie on the part of Ken Stead.
KEN STEAD IS A LIAR AND THIEF. AND HIS BROTHER TIMMY TOO.
This whole thing stinks. From the bogus cores were mistakenly shipped to the wrong lab, which by the way we never got results for,to the carbon credits to the were uplisting to share distro 1 to the share distro 2 to the stealing or KATX assets and move over to BVIG to the Ghana mine and now. ta da, O/G! When will people wake up and realize that:
KEN STEAD IS A LIAR AND THIEF!! and now he has new clowns in an imaginary oil company helping him rip off the masses. As G man would say, good grief.
I am finding this more and more suspicious. Looking at the website and reading thru it, the proclaim to have 9 producing wells at 245 bpd. Then the claim to have 87 existing wells which we don't know if they are shut in, offline for maint. or busted. Also claiming to be partnered with Haliburton and Schlumberger. This is dangerous ground they are treading on.
A rational person would ask why a company who claims to have all this would go on the stink pinks. And second, if any of it is untrue on their website, lets say the SEC takes a dim view of that. A small company during the gulf oil spill released a pr claiming to be involved with BP for clean up and within a week went to the greys. I call this a scam. A company wanting to go public would find a nice clean shell out there. Plenty to be had and not abused like KATX. No one would want to start with the history this shell has over it.
Nice cut and paste from you. And I understand how it work having several producing wells on my land in the Hill country of Texas. So don't even begin to presume my questions hard for this person to answer, unless they are an imposter. Which I believe they are. And those are the very minimal easy questions I have. If it answers those then they will get progressively harder to see if it knows what it is talking abt.
KEN STEAD IS A LIAR AND THIEF!!!
So you're suggesting a reactive approach instead of proactive. Might work for you but I would like answers asap since a supposed CFO came on here to pump this. And look where patience has gotten many of the longs here.Pissed off and a whole lot poorer. But hey, it works for you.
"Will they honor the spin-off commitment that Ken put in the S-1 ?"
Great question Gump. So with all the assets stripped and moved to BVIG, will we be compensated here for those? I bought into this for the mineral exploration side of things. Not oil and gas. So are they legally bound to give us due compensation for the transfer, or is this just bait and switch to buy time. I'm betting we get NOTHING. Why do I get the feeling that Kenny boy is starting to feel heat from authorities? But it will be trumpted that all is still good by many.
KEN STEAD IS A LIAR AND THIEF!!!
How abt this for a thought. If a supposed CFO comes on here and talks of a yet to be announced aquisition of the KATX shell, then he needs to answer some very basic questions for all to see the reply. Not some cut and paste job many would say I posted if I did it your way and put his answers here. This way, his answers are here for ALL to see, not just me.
Whats Shaylee got for us to work with? You have the inside on this pc of tumble weed producer? That to will soon be gone or let go due to non payment of the claims renewal. The point is moot. KATX has nothing. Except of course a new pump.
My my how we have shifted gears here. From exploration to pos worn out mines in Ghana no one wanted. Classic bait and switch mid game by the STEADS.
AS ALWAYS, KEN STEAD IS A LIAR AND THIEF!!!
"The purpose for Canco being incorporated is we would like to go public with a fresh slate."
So are you saying there's something wrong with your status now? Couple of questions.
How are you going to finance this venture?
How will you deal with the bloated share structure?
What becomes of the minor stake in BVIG that KATX has?
How many producing wells?
These new wells or old dog reworked wells?
Depth of well and geo's determination of longevity? BBL reserves?
Horizontal or straight vert wells?
Oil? Gas? Condensates? How many bpd are we talking on the oil? MCF on the gas? Do you sell at the daily WTI price or hedged with a long term buyer?
Who's your driller? Simple questions to them would be helpful.
So lets not play here, IMO this is pure scam.
AS ALWAYS KEN STEAD IS A LIAR AND THIEF!!!!
Ken Where are my shares for the moving of assets to BVIG? And if, and only if KATX has a 10 to 12% stake in BVIG, I want compensation for this sell out to a crooked "oil"company. This is all a scam. Mineral exploration to carbon credits to gold mines in Ghana to now "oil", it all stinks of crap. BOHICA friends.
KEN STEAD IS A LIAR AND THIEF!!!! SUE ME KEN, PLEASE I BEG YOU. YOU WON'T!!
All the assets here have been received from KATX. There will be no distro KATX is an empty shell and has an "oil"company taking over. So let the law suits begin. This one should be halted for getting stolen propertys from another company. The other should be for fraud and theft.
KEN STEAD IS A LIAR AND THIEF!!!!
Buyers beware. This started out with the Handcamp pump, which is bust. Moved on to the Rusty Ridge pump, which is bust. Moved on to A worn out mine in BFE Africa, which is nothing but pump. Now oil and gas. Which is pump. And in between we had shares distros which never happened and more share distros which won't happen. All the while the CEO moved assts out of the company into a shell stripping this of anything. Not to forget the carbon credits.
This whole KATX is a scam run by Ken Stead who's only purpose and motivation is to rip off shareholders.
As always KEN STEAD IS A LIAR AND THIEF!! And he doesn't even have the courage to try and sue me. Stand up Ken, come after me in court. You can't because you won't win.
After wading thru the endless posts that are rehashing events from bygone days has given me quite frankly, a case of the runs. This is so over the top from the FBI and GJ investigations down to the sleep overs that this has truly become the laughing stock board of IHub.
Readers of this board please take note this is for entertainment purposes only now.
"So far quite a few multi-Billion Dollar companies are late too."
Please show me which multi billion dollar companies are late? Any of the listed big board stocks will do. This is a screwed up penny ante scam scum company. And thats at best. Comparing it to any thing else is a strestch of imagination and resources.
KEN STEAD IS A LIAR AND THIEF!!! his little brother timmy too
Yes they are currently drinking pina coladas on the beach in the Bahamas while laughing at the fools like us who lost money here.