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Just trying to save you guys some grief. I know it's fun to chase stocks up, I've done it before myself, but the day of reckoning will come eventually.
Right now the market is saying this company is worth $100 million.
Don't be fooled: this company is maybe worth a million bucks, and if that's the case this stock should be trading under a penny.
It kills me to see people throwing their money away in overvalued crap like this.
$100 million market cap is waaayy to much for a company that is losing money and has negative cash flow.
Even with the sudden increase in cash the company is very overvalued and should be trading much lower.
Don't buy at these levels, you're wasting your money and will likely lose your entire investment.
I see > 10 cents coming in the near future unless this company can deliver on the financials, but at this point there is too much risk and the stock is extremely overvalued.
You're right. They already have found copper and gold with the naked eye, as they said in the last press release. Now it's just a matter of scaling up and extracting for a profit. That's what I mean by "once they find something". I'm talking a game changing event here, one that will permanently move the share price much higher.
I think they've shifted their focus to the new mine, although it wouldn't surprise me if they are still working on the Hancock gold mine as well.
Either way I'm excited because of what they just said in the last press release:
"The Copper and Gold is most common in the strongly sheared portions of the alteration zone and is often accompanied by Malachite staining."
So obviously gold and copper are visible to the naked eye. This is a very good sign!
Yes fantastic investment. Buying 5 million more myself. Once they find something this stock will gap UP UP UP!
Exactly. People forget that this is not AAPL that only moves 1-3% a day. This is pinkie land, and that means anything can happen.
Even if they provide an update and find a small deposit of gold that could be enough to get us to penny land overnight. Never underestmate what can happen here in pinkie land. A single gap up by one market maker on the bid means we could be in penny land in a flash.
Those "fools" (myself included) are going to become very wealthy and it will happen overnight, without any warning whatsoever.
At least we got an announcement. More to come and don't forget about the Jeep Dealership. Things can change very quickly in a stock like KATX. Don't forget this time last year we were above a penny.
Are you a market maker? Last time I checked only market makers can short pinkies lol
If this dips any lower I'm probably gonna take a shot.
This stock has serious potential. As long as the company holds true to its promise of not diluting the stock I think we could see a big run when the announcement comes out.
Thank you for posting this.
No, it's not over. It's only just beginning.
You have no idea what you are talking about and you certainly have not called the Jeep dealership like I have.
Something big is in the works, rather you like it or not. All we are waiting on is an announcement and once that happens you will see exactly what I mean.
What are you talking about? Your comment makes absolutely no sense whatsoever.
"you won't be able to cash out, because kennay will have all your cash"
Do you not realize that the stock market is a function of supply and demand? What makes you think Ken is going to get my money when I liquidate?
Quit posting your gibberish. The only thing that matters is that a market making firm decides to gap up the stock to compensate for additional demand.
Ken has nothing to do with liquidating my order. It's my account, my money. Your argument is invalid.
I'll remember this comment when I cash out.
Believe what you want to believe, you are missing a tremendous opportunity and mark my words: You WILL see KATX hit 23 cents per share.
As I said to another poster, I will personally send you a snapshot of my account when it happens.
Until then bash all you want, call me a fool, etc. I really don't give a damn, because you'll be sitting on the sidelines when it happens.
You forget that this stock has seen 51 cents in the past and held above 20 cents for over a year. You forget that less than one year ago we were above a penny. And you don't even care to examine the fundamentals even though this company is in better shape than 99% of pinkies.
When I become a millionaire from this stock I will personally send you a picture of my account.
You're going to see this stock gap into penny range.
I know I'm right about this stock. Nothing will stop KATX from climbing the charts.
Call me a fool all you want, but when this stock hits 23 cents per share you will be sitting on the sidelines pissing and moaning because you didn't buy at .0002.
I do too. It's simply a matter of time. Strap in and get ready for liftoff in T minus 3,2,1...
I do too. It's simply a matter of time. Strap in and get ready for liftoff in T minus 3,2,1...
In 2015 the float was 51 million shares:
http://finance.yahoo.com/news/kat-exploration-reduces-authorized-shares-123000832.html
Practically nothing.
Looking at the level 2, the ask looks very thin, which probably means the float is still very small.
The fundamentals haven't changed. Actually, they've improved.
I am holding my KATX long and strong. The minute I sell, those shares become available to the public again, which was the point I was trying to make when I wrote that comment.
It is simple supply and demand. Less supply (small float and long term investors), and big demand are the two keys to seeing a stock skyrocket.
We already have a small supply of stock, now we are just waiting for more demand. Once we get that demand there will be no taming this beast.
Completely agree. Get in now while you still can because before too long .0001-.0002 will be history.
You won't see it coming, but sooner or later we're going to get some big announcement that will propel the share price much higher.
How high? Not sure exactly, but with the small float this thing will see explosive moves higher in a very short period of time.
It wouldn't surprise me if we see this thing gap up into penny range the same day we get some sort of big announcement.
And my gut is telling me that the big announcement is coming very soon.
Can't go any lower than .0001.
You'd be wise to buy now when the market cap is still under $200k and extremely undervalued, instead of trying to chase the stock up.
You don't understand how undervalued this company is. When we get more announcements you will see exactly what I mean.
Double digit pennies is coming very soon, rather you like it or not.
Also, food for thought:
"We also have more exciting news to be released to our shareholders and public over the coming weeks and months, marking more milestones for KAT Exploration."
http://finance.yahoo.com/news/kat-exploration-inc-purchases-pre-152700772.html
Where is your proof that Ken is deliberately trying to deceive investors? At least I provided a link.
All I see on this message board are you and a few others bashing this company and saying it's a fraud without any proof whatsoever.
Feel free to sit on the sidelines and keep bashing this company, but when the stock hits double digit pennies you will have wished you bought at .0002.
So what. KATX still trades on the open market, which means anyone can place a buy order and bid this thing up.
A form 15 does not repeal the laws of supply and demand.
Seriously? From 2009? How is this in any way relevant to KATX in 2016?
Here is the link:
http://katexploration.com/PressReleases/Jeep%20Store%20Executive%20Summary.pdf
Scroll down to the income statement section and you will clearly see that the Jeep dealership made over $500k in net profit last year.
If you think this is some sort of fraud and that Ken is lying about the numbers and posting fraudulent documents on KAT's website, then I'm not sure what to tell you.
All I know is that based on the numbers this company has tremendous potential for explosive growth.
Thank you for the kind words.
I don't think you understand what can happen with an $11 million revenue stream, which is a revenue stream that is making the Jeep dealership over $500k per year, which will obviously benefit KAT.
Current market cap: about $190k
Way undervalued. Wait for the 10-k and press release, and then KA-BOOM.
I refuse to listen to any of the nay sayers who can't even provide a link to back up their claims.
Patience is the key, but once we get either the 10-k or another big announcement as Ken said would come in the last press release, we will see the share price skyrocket.
Remember, the low float will cause this stock to gap up aggressively when we do get the announcement, so it's better to load up now and then sell into the rally, rather then trying to chase the stock up.
Exactly. He can't provide the link because KATX has not filed the form.
Says who? Where is your proof? Show me a link that proves KATX has filed a Form 15.
How can you say this company is dead when we have an $11 million dollar revenue stream and the Jeep dealership is actually making money?
If anything this company is better than 99% of penny stocks and soon enough the share price will reflect the fundamentals.
Dead? Nah, if anything this stock is just waking up from a slumber. We've seen 51 cents in the past and I believe we will see double digit pennies again before too long.
Given the small float on the slightest announcement we could see pennies. Don't underestimate what we are dealing with here.
This could be the big kahuna. We could see a massive move higher following the 10-k and if we get a press release on top of that in regards to the mining properties, I think we will see penny land very soon.
Just gotta wait this one out but if the "milestones" include a gold or other precious metal discovery, then we are literary sitting on a gold mine.
Just wait for a juicy press release. The 10-k should help as well.
We haven't seen anything yet. This stock could easily hit 30 cents or higher. We've seen 51 cents before in this stock.
How can you say they haven't made anything? They acquired the business more than 5 months ago and the business is doing about $11 million in revenue per year. Do the math. Over the past 5 months, KAT has probably done $4.5 million in revenue and will make money on that revenue as well.
When the 10-k comes out this stock will most likely skyrocket. If not the 10-k then the next press release.