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Here are the truths:
$11 million in revenue and growing
$600k net profit and growing
$2.2 million in assets
Mining assets have grown $370k in past year
Market cap $187,000
At this point all else is speculation, but I would say based on these facts alone the stock is very undervalued and should be trading in pennies.
My dad's best friend, who is a stock broker, came over to my parents house for dinner Saturday night. When I reviewed the numbers with him, he even admitted it looked very undervalued "based on the numbers alone".
Keep in mind this is a well-established Merrill Lynch advisor who manages over $100 million and rarely touches penny stocks. To hear it out of his own mouth was very exciting.
Can I ask where you got the float number by the way?
Thanks,
Drew
Just one more PR and this stock will breakout. And I'm not talking just a few hundred percentage points either. If Kat finds a large mineral deposit we are talking 10-20 cents easily. Looking at the balance sheet it looks as though there is the very real possibility they have already discovered a large deposit and simply have not announced it yet.
Given the low float this stock is prone to a huge run if the scenario I just mentioned comes to pass. People can laugh at me now, but I will be laughing all the way to the bank when something big is announced. And don't forget that Ken Stead said "We have many more exciting things to be announced, marking new milestones for Kat exploration". Those exciting things could very well include the announcement of the discovery of a large mineral deposit or something along those lines.
Once again, we will just have to wait and see. I do believe there is the possibility that they could find a major deposit in the Hooverville property, and if that happens those already invested stand to make a fortune. In the last press release Ken Stead said that "there are many more exciting things to be announced soon, marking new milestones for Kat Exploration".
I do believe that big things are coming/haven't been announced yet and when they do get announced investors will finally realize how undervalued this company really is, especially considering that this company is generating $11 million in revenue with a market cap of only $100k. Not to mention, according to their executive summary, the Jeep dealership is generating a net profit of about $600k per year. These are the facts. Sooner or later the investment community will figure out this is the investment opportunity of a lifetime.
Thanks for the reply. Something I noticed on their balance sheet was an increase in assets of from $0.00 to $374,294 in regards their mineral properties, which according to you, they do not own.
This makes me believe they have made a recent discovery. Going from $0 assets all the way to $374,294 in assets in less than a year is huge. Of course, we will just have to wait and see. It could be equipment or some other assets as well.
Drew
Can you confirm that they currently only own one property? On their website it says they have four.
Thanks,
Drew
Supply and demand are not theories, they are mathematical certainties in any economy.
If the number of buyers goes up, all else remaining the same, prices will rise.
In other words, when more investors realize the growth potential for this stock, they will be hitting the bid in a frenzy.
Explain to me again how supply and demand are a "theory".
You completely ignore the basic principles of supply and demand. The balance sheet looks outstanding. $11 million per year in revenue will generate free cash flow to grow and expand the business. They are in a very good financial situation and the current PPS does not value all the company's $2.2 million in assets and $600k earnings. By the way, they currently have $1.20 in assets for every $1.00 in liabilities. Ansolutely fantastic.
Then there is the low float. When more investors arrive we will see .0030-.0040 easily.
Yeah, KATX is a dead stock with over 66 millon shares trading hands yesterday because of yesterday's filing clearly showing over $2.2 million in assets. Get out of here.
http://www.otcmarkets.com/financialReportViewer?symbol=KATX&id=145561
Wouldn't surprise me to see this hit .0020 in the next few weeks. Just gotta give it some patience.
Hey jcny,
How about you read the executive summary before you discredit me:
http://katexploration.com/PressReleases/Jeep%20Store%20Executive%20Summary.pdf
We should see penny land. Wouldn't you agree?
Drew
The used car lot makes a $600k profit per year which already puts $KATX well in the green. Assets have jumped from less than $100k to over $2 million. They are expanding rapidly. Move along the bulls are taking this stock back.
I agree. It will catch most investors completely off guard and the PPS will skyrocket.
Drew
No doubt. And with that share structure the float must be fairly tiny as well.
Drew
Load up now because you don't know when the next PR is coming out!
Regards,
Drew
Thanks,
I have a fairly large block myself. I believe we will see penny land here shortly.
Drew
Can someone please show me the link where it says they have $2 million in assets?
Thanks,
Drew
HIGHEST PRICE I PAID WAS .00065 SO YES I HAVE AVERAGED IT DOWN TO ABOUT .0003-.0004. I OWN ABOUT 3% OF THE COMPANY GIVEN THE CURRENT SHARES OUTSTANDING.
ONE MORE TICK UP AND I AM EVEN BABY
OH I MOST DEFINITELY WILL
DREW
LOOKS LIKE THE CURRENT SHARES OUTSTANDING AS OF SEPTEMBER 21ST 2015 IS 625,767,746 SHARES. THANKS AGAIN FOR THE UPDATE.
DREW
I AM JUST GOING FROM THIS PRESS RELEASE BACK IN APRIL IN WHICH THE SHARES OUTSTANDING WAS 160,377,722 SHARES:
http://finance.yahoo.com/news/kat-exploration-reduces-authorized-shares-123000832.html
IF THE SHARES OUTSTANDING HAS BEEN UPDATED I APPRECIATE YOU LETTING ME KNOW. I WILL LOOK INTO IT.
DREW
HERE YA GO:
http://katexploration.com/Graphics/properties/Rusty%20Bridge/Rusty%20Ridge%20Project.pdf
"The Rusty Ridge property, 2100 hectares in size"
2100 HECTACRES = 5189 ACRES OF LAND
THAT IS FROM THE RUSTY RIDGE PROPERTY ALONE. REMEMBER THEY STILL OWN THREE OTHER PROPERTIES WHICH MEANS EVEN MORE LAND.
DREW
I DISAGREE:
http://katexploration.com/Graphics/properties/Rusty%20Bridge/Rusty%20Ridge%20Project.pdf
"The Rusty Ridge property, 2100 hectares in size"
2100 HECTACRES = 5,189 ACRES
AND THIS IS FROM JUST THE RUSTY RIDGE PROPERTY. THEY STILL OWN THREE OTHER PROPERTIES.
EVEN IF THEY ARE LYING LIKE YOU SAY THEY ARE, THERE IS NO WAY OF TELLING THIS FOR CERTAIN AND MOST INVESTORS GO BY FACTS, NOT RUMORS. SO IN AN INVESTORS MIND KAT EXPLORATION OWNS OVER 5,000 ACRES OF LAND.
DREW
YOU ARE MISSING OUT ON A TREMENDOUS OPPORTUNITY TO LOAD UP IMO BUT OH WELL MORE FOR ME :)
DREW
THIS COMPANY DOES HAVE ASSETS INCLUDING OVER 5,000 ACRES OF LAND THAT THEY OWN PERSONALLY. THE MARKET VALUE (ON AVERAGE) OF 5,000 ACRES OF LAND IS SEVERAL MILLION DOLLARS. JUST GIVE IT A COUPLE OF MONTHS I THINK YOU WILL CHANGE YOUR MIND.
DREW
THIS STOCK IS GOING TO SKYROCKET AND I RECOMMEND EVERYONE GET ON BOARD THIS TRAIN NOW BEFORE IT LEAVES THE STATION. JUST MY ADVICE BECAUSE I TRULY DO BELIEVE THAT THIS COMPANY IS GROSSLY UNDERVALUED.
CURRENT MARKET CAP - ABOUT $39,000
REVENUE - $11,000,000
SHARES OUTSTANDING (ACCORDING TO LAST PRESS RELEASE): ABOUT 160,000,000 SHARES
GIVEN THESE NUMBERS THE STOCK SHOULD BE TRADING AT LEAST AROUND 10 CENTS. EVEN IF THERE HAS BEEN DILUTION SINCE THAT LAST PRESS RELEASE AND THE SHARES OUTSTANDING ARE ABOUT 300 OR 400 MILLION OR WHATEVER THEN WE SHOULD STILL SEE THIS STOCK TRADE AROUND 5 CENTS.
ALL I KNOW IS THAT IT LOOKS VERY UNDERVALUED TO ME. I THINK WHEN MORE PRESS RELEASES COME OUT AS THE CEO SAID THEY WOULD IN "THE COMING WEEKS AND MONTHS" WE WILL SEE SEVERAL PENNIES AND $KATX WILL BE THE HOTTEST PENNY STOCK OF 2015-2016.
JUST MY 2 CENTS.
DREW
There is no doubt in my mind this is legit and this stock will skyrocket.
I agree. Ken Stead, the CEO even said there will be exciting news coming out in the coming weeks and months. Holding long and strong.
$KATX
Completely agree.
Completely ridiculous the stock is trading in trips with $11 million in revenue.
Exactly. I just cannot believe how irrational this stock has been trading the last couple of days following the news. With $11 million in revenue and with the valuation so low you would think we would get a massive bounce to the upside but that has not happened yet.
I know the long term holders of this stock will make a killing. Just takes some patience.
$KATX
We will see far more than a 100% gain. This is by far the most irrational response I have ever seen regarding news of this magnitude. I think traders are scared off because the stock is still trading under a penny but we will not be here for very long.
$KATX
It must happen sooner or later. Valuation does not make any sense at the moment. We will hit at least a penny.
There is no way the wall of support at .0002 is getting broken. This stock will most definitely climb higher.
The ask is most definitely thinned out and NITE, CDEL, CSTI, ETRF and ATDF have created a very nice wall of support at .0002.
The ask is most definitely thinned out and there is a very large wall of support at .0002.
$11 million of growing revenues for a Pink Sheet stock is huge. They are also opening another location very soon to generate additional revenues.
http://katexploration.com/PressReleases/Jeep%20Store%20Executive%20Summary.pdf
The Pre Owned Jeep Store Executive Summary:
http://katexploration.com/PressReleases/Jeep%20Store%20Executive%20Summary.pdf
"KAT Exploration has acquired The Pre Owned Jeep Store. This Pre Owned Store has a record of success with revenue between $8MM and $11.25 MM since it’s beginning in 2006. KAT will expand the main store in Cartersville, GA and open up the first expansion store in Atlanta, GA. The founder, Gary Grim will have continued involvement with a management contract for 5 years. Tim Broadwell has been named COO of KAT’s new Automotive Division."