Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Don't you think the 10-K will come out before March or April? I saw another poster say that the 10-K is due February 29th. If that's the case then we can expect a press release soon as well. It makes sense that a press release and 10-K would come out around the same time.
We will definitely see revenue!
This is the kind of growth story you want to be invested in. When we get a press release we will see this stock hit pennies.
Nothing can stop KATX from climbing the charts...
- Low Float
- Low Shares Outstanding
- $11 million revenue (Jeep dealership)
- $600k net profit (Jeep dealership)
- Mining projects (looks like assets from mining projects jumped by more than $300k according to the October 15th number)
- And growing!
And we're about to get the 10-K!
If a press release comes out on top of that, we will see pennies in no time.
Not to mention the extremely low float according to the 2015 press release.
http://finance.yahoo.com/news/kat-exploration-reduces-authorized-shares-123000832.html
This stock is set for a massive move higher as soon as Ken Stead gets off his behind and lets us shareholders know exactly what's going on. I have the suspicion that something massive is in the works.
This stock is going to skyrocket.
I've spoken with the Jeep dealership and I can assure you something big is in the works. I've also been hounding Ken Stead for a press release so he gets the message.
Keep buying because before too long you won't see .0001-.0002, you'll see something more along the lines of .23-.24 per share.
Of all the penny stocks I've been in this one has the best potential to run. KAT is actually making money from the acquisition of the dealership. From the executive summary's own writing we're talking $11 million in revenue and $500-$600k in earnings for KAT this year. And that's only going to grow over time.
Right now level 2 is showing over 300 million shares being offered at .0001 . So yes very thick ask. I'm torn because a smaller share structure would make it run easier but I don't want to lose my millions of shares if a RS did happen
I know you'll disagree with me, but for some reason I believe we will not see a reverse split. This company is always announcing things but nothing ever seems to come to fruition. It wouldn't surprise me if they switch things up entirely, which means forgetting about the reverse split. I could be wrong, but we will have to wait and see.
The truth remains though that if this DTC chill was removed I bet the stock would be trading higher, giving us long term holders the opportunity to make a decent profit (I bought at .0001)
However, the share structure is fairly large which means a reverse split might benefit the company by reducing the float and making it easier to run, if something did happen
The chill means most brokers will not allow their clients to purchase this stock. I'd be willing to bet money if there was no chill MNVN would be trading at least a few ticks higher
Sent an email to Mondial regarding the chill:
"Hello,
I'm sure you are aware by now that your stock has been chilled. I'm sure you are also aware that the chill is negatively affecting the trading volume for your stock.
I tried purchasing some shares a few days ago but could not do so because of the chill.
Do you plan on attempting to get it removed soon? Because I'm certain that investors would be buying your stock if you got it removed. The problem right now is that the brokerage firms will not allow us to do so.
Thanks,
Drew"
Trust me if this DTC chill wasn't in effect I would be purchasing tens of millions of shares. To me this looks like a very undervalued opportunity
There's no telling its been in effect for months it all depends on the company. I might send them an email and try to get them moving
There's no telling its been in effect for months it all depends on the company. I might send them an email and try to get them moving
Completely agree but I don't think we will get anywhere until this DTC chill is removed
Completely agree but I don't think we will get anywhere until this DTC chill is removed
I know Ameritrade is not allowing trading of this security right now and many other brokers have the same rules. Few brokers are allowing their clients to trade this stock right now
The reason we're not seeing that much volume is because of a DTC chill. Once the chill is removed I suspect we will see volume dramatically increase
Never say never. I actually believe something will happen. Lord willing things will work out wonderfully and the PPS will skyrocket.
Don't give up hope everyone. Anything can happen. I've seen it many times with penny stocks. Some start under a penny and run to all-time highs. Take THCZ for example, a stock I was in, which ran from .0052 all the way to .32 in a few months. I'm still holding long and strong. Wouldn't be surprised if Mondial gets bought out.
Exactly. I'm just tired of hearing all this conspiracy theory garbage about how this is a scam to line Ken Stead's pockets when there is absolutely no evidence or basis to support those claims. The fact that these employees know about KAT is enough evidence for me. There is no way they would know about the company unless there was a legitimate deal going through.
I called the preowned Jeep store myself yesterday and spoke with two of the employees. They said they had heard of KAT exploration, including rumors of the deal but that they do not know the details because "they are just employees and they are told nothing about what goes on behind the scenes." I will most likely call Gary Grim later on today and speak with him.
The fact that they have heard of KAT exploration and have known about the company for months clearly indicates to me that this is a legitimate deal. You can believe all you want about this being a conspiracy theory but if you are involved in a legitimate deal you do not lie about the numbers.
Clearly something is going on with KAT exploration and the pre-owned Jeep dealership and to flat out deny those facts is pure ignorance in my opinion.
For some reason I do not believe you.
No I didn't. The highest price I paid was .0065. About 75% of my shares were purchased @ .0003 or lower.
I've averaged all the way down to .0004 at this point. The highest price I paid was .0065 and that was on April 20th.
Since then most of my shares have been purchased between .0001-.0003 which is why I have been able to lower my average total cost so much.
If you do not believe me I can show you snapshots from my account.
I will call the pre-owned Jeep store myself and get the numbers if it makes you happy.
The numbers are not based on speculation. Most of the numbers I have mentioned on this board come from the pre-owned Jeep store itself.
The only numbers we are uncertain about are the numbers on KATX's unaudited financial statements. Everything else is factual which means KATX really is generating $11 million in revenue (on average) with a market cap of $187k. And if the pre-owned Jeep store is making money (which they are), it means KATX will be soon to follow.
I don't believe in luck. If it does go down to a zero bid I will be slapping the ask like there's no tomorrow.
Just followed you!
Things can change very quickly. Just wait you will see.
There is no telling exactly how high it will run. All I know is that from the numbers we have gotten the PPS should be trading for pennies. My projection is anywhere from .10-.30 cents per share, but we will have to wait and see. I believe when we get more announcements investors will finally jump in the water and realize what they have been missing out on.
It's not a gamble because we already know the numbers. Investors just haven't figured it out yet.
The numbers I just mentioned come from the completely audited financials from the pre-owned Jeep store. The only numbers that are non-audited are the financials that KAT published last Thursday, but we know that KAT has at least $1.9 million in assets because the audited income statement from the preowned store matches up with the unaudited KAT balance sheet.
So we definitely have something here. KAT is in better financial condition than 99.5% of pink sheet stocks and the price per share will soon show for it.
Hey Shulaces,
When I become a millionaire from this stock I will send you a snapshot from my account right before I sell.
Then we will see who is living in a fantasy world.
You can laugh all you want now, but when you see the snapshot you will have wished you bought tens of millions of shares yourself.
Yes, I am a large shareholder with a block of stock. So of course I have a vested interest. But I don't think you realize how much growth potential this stock has.
When a money manager from Merrill Lynch says this stock is undervalued based on the following numbers, you better believe it:
Revenue: about $11 million/year and growing
Gross profit: about $1 million/year and growing
Net profit: about $600k/year and growing
Market cap: about $187k
The first three numbers can be found in the executive summary:
http://katexploration.com/PressReleases/Jeep%20Store%20Executive%20Summary.pdf
If you don't believe me on the market cap then calculate the market cap yourself (Price x Shares Outstanding). The shares outstanding can be found at the following link: http://www.otcmarkets.com/stock/KATX/profile
Now you tell me... based on these numbers, where do you think this stock is headed? Investors are scared to jump in the water now but won't be for long. I don't understand how you can reject these simple facts.
Then there is the fact that Ken Stead himself said there are many more exciting things to come soon in this press release:
http://finance.yahoo.com/news/kat-exploration-inc-purchases-pre-152700772.html
These upcoming announcements will only serve to increase the price per share.
Please remind me again how I'm a dope. This analysis has been done completely with facts that clearly show this company is undervalued. To correct the imbalance this stock should be trading at anywhere around .02.-06 cents.
I would rather hear from the company. I have called Ken Stead himself, left a message and I am waiting for a call back. If he calls back I will post the questions I asked and his responses - I already have the questions written down to ask him.
It's not that I'm closed off to what you or any other "bashers" have to say. It's just that I care more about the facts, not if you think this is some giant conspiracy to defraud every investor so Ken Stead can fund his lavish lifestyle.
I agree. The financial statements clearly say they are unaudited. That does not mean this company is a scam though. It just means KAT has not hired an external accounting firm to do the accounting for them.
"based on the numbers alone"
I never said he recommended the stock. I asked him "based on these numbers alone would you say this is undervalued?" and he responded with a resounding "yes, it looks like you've done your research."
Just because he told me the stock was undervalued does not mean he was recommending the stock. It just means he thinks the stock is undervalued.
Just called and the lady gave me an 800 number. Called the 800 number and it turns out it is a share transfer agency. Very confused.
What is the number? I will give them a call right now.
I'm not smoking anything. Look at the income statements from the executive summary. All of the numbers I just mentioned are 100% factual besides the float number which could be marginally higher.
The 120 million number was from some other investors on this board. It could be higher but regardless the outstanding shares are only 600 million so I cannot imagine it being much higher.
The reason no one is buying this stock is because investors are skeptical, which is pretty typical considering this is a pink sheet.
Some investors have already figured out this is an incredibly undervalued opportunity, while most are still waiting on the sidelines until that next PR comes out. What these investors do not realize is that when we get a big announcement, this stock will run so fast it will be nearly impossible to chase.
I am not talking a measly .0050 either. The fact that the business they just acquired is generating $11 million in revenue with a nearly $1 million gross profit and $600k net profit is phenomenal especially considering this is a pink sheet. About 99.7% of pink sheet stocks do not make a dime and some of these same stocks are trading at market caps of $100 million or more. The market cap of this company is only $187k.
Then there is the low float of only 120 million shares. When investors do begin bidding up the price of this stock we will see several hundred % moves along with breakaway gaps until we hit several pennies. Just wait until we get more announcements and you will see it with your own two eyes. This stock has the potential to make some millionaires.
I will call them and let you know the response.