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Keep in mind that the 'Preowned Jeep Store' is one of the top five revenue generating stores in the country. HUGE asset for KATX.
You obviously have not seen the latest press release or refuse to acknowledge it. Either way here it is:
Link To Press Release
MOUNT PEARL, NL / ACCESSWIRE / September 21, 2015 / KAT Exploration, Inc. (www.katexploration.com) (OTC Pink: KATX) (KATX), is pleased to announce its purchase of "Roswell Jeep Eagle" (known as The Pre-Owned Jeep Store) Carterville Georgia, USA.
The purchase was completed on August 6th, 2015 by and between KAT Exploration and Gary Grim the previous owner of the Jeep Store. This diversification brings revenue of over $11 MM to KAT and will allow for future growth.
The automotive arm of KAT will be operated under the oversight of Tim Broadwell COO and Gary Grim founder of the Pre-Owned Jeep Store, who will continue to be involvement with management for the next five years. Grim developed a proprietary "Cumulative Profit Model" which encompasses successful strategic measures to maintain profitability in a multitude of processes in the Pre-Owned Jeep Store. Through this, the return rate of customers has been extremely high.
Ken Stead CEO stated, "We are delighted and excited to announce that KAT has acquired such a business that generates a large volume of revenue bringing a measure of financial security in the long term. This purchase is a tremendous asset which places KAT Exploration on the growing list of multi-faceted companies that for us, diversifying from both ends of the spectrum. While we are still exploring for base metals on our Canadian projects, being in the automotive business as well is always a safe place to be.
This is about helping not just the company but our shareholders as well. This is the first time in KAT's history that it will actually be making money. With four attorneys working to represent the three parties involved including the lenders, this transaction went very smoothly attesting to the professionalism of all involved. 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."
Further information and links to the new Executive Summary and The Jeep Store website can be viewed on the company website.
Please explain how a company with $11 million in revenues is supposed to have a market cap of less than $100k. The market will correct itself and this stock will fly.
Good to hear, hope you make a killing!
$KATX
This is a tremendous opportunity to load up. Trips won't be here forever. Once they're gone, they're gone.
Let me remind everyone that in the press release the CEO Ken Stead said there is much more exciting news to be released in the coming weeks and months. With $11 million in revenue AND the market cap under $100k AND valuable land and other assets, including one of the top five revenue generating Jeep dealerships in the country under their belt, this is a no-brainer.
The market always corrects itself eventually, and this is no exception. There is no way this won't hit AT LEAST a penny given the current share structure.
As I've already said, this is only the beginning of a huge uptrend that simply will not be contained. Let the day traders take their profits, because the long term holders of this stock are the ones who will truly be rewarded.
Long $KATX
My friend and I are buying more shares tomorrow. It is a no-brainer. The current market cap means the company is grossly undervalued when you consider its revenues.
Completely agree. This is only the beginning. From here we will hit single digit pennies and then double digits. $11 million since the deal was made with the Pre Owned Store in August. At this pace they could do $50 or $100 million in revenue within the next year.
7's and 8's could be seen as well. $11 million is huge and given the current market cap I have no doubt we will see .00's soon.
This is only the beginning of a massive run. Sooner or later there will be enough big money investors who are willing to hold this stock for fundamental reasons and not just because of momentum.
In addition Ken Stead said in the press release today that there is more exciting news coming out in the next weeks and months.
Once again, this is only the beginning. Strap in and get ready for a wild ride.
This stock is a millionaire maker if you get in now and buy a big block. Just wait until the big money finds out about this. The buys so far have been rather small and we are still up 300% today.
YES! Market cap is currently unjustified. In order to justify it we need a share price of at least .10 but I think we will see a much higher price.
Completely agree! There is no doubt in my mind we will hit at least a penny and with current share structure .10 or even .20 is very likely!
The market cap currently is about $117,000 at .0003.... completely unjustified for a company with $11 MILLION IN REVENUE AND MORE TO COME. I believe we will se .10 with an aggressive move higher.
THIS STOCK WILL HIT A PENNY AND THEN SOME!!!
HUGE NEWS. $11 million in revenue is nothing to take lightly. This stock has only one direction to go and that is HIGHER.
At this point all we can do is wait for some type of announcement. It will be interesting to see what occurs after the reverse split.
Two things would send the price of this stock skyrocketing...
1. DTC chill removed - stock cannot go higher if traders cannot buy the stock.
2. Some type of juicy PR or merger announcement with another company.
Until then I do not see how this stock can run, especially given the first variable. But once the DTC chill is removed I do believe we will get some type of announcement that will send the price higher.
I just hope all this happens before the dreaded reverse split.
KATX WILL SKYROCKET ON THE NEXT NEWS RELEASE YOU JUST WAIT...
GO KATX!
Not sure and that is not the point. The fact that a hedge fund bought 160,000,000 shares means something is going on. Either the hedge fund likes what they see or there is something going on behind the curtain that the public does not know about yet. I am in the latter camp which is why I believe we could possibly see a merger or something along those lines.
But even if you are right and this is a scam, don't you think Ken Stead would try and pump and dump this? At least then he could dump shares at a higher price. And if that was the case it would be very easy for those already invested to sell their shares into a rising market. Which is why I recommend everyone hop aboard this train before it leaves the station.
Go $KATX
At least I am trying to shed some light on what's really going on with this company refarding current assets, findings and future exploration plans. All I ever see you post are comments about why this company is a scam, with no real factual data to back up your claims.
Then explain the four filings clearly showing the Tangiers Hedge Fund purchasing enormous quantities of shares. You obviously are trying to bash this company because you believe it is a scam but your arguments are not based on any factual information whatsoever.
Something big is in the works here. The hedge fund would not be loading up on so many shares unless they knew something we do not know yet. But when news is released it will become public knowledge.
Current market cap is simply not justified for a company with thousands of acres of land, equipment and other valuable assets.
Go $KATX!
Load up now because when the first PR hits this thing will skyrocket!
"One drill hole tested the large rusty hill underlain by pyritic felsic volcanic rocks that is host to noted gold occurrences and indications of elevated rare earth elements."
http://katexploration.com/PressReleases/Business%20Model%20-%20KATX.pdf
This company has already discovered gold and other rare earth metals along with an abundance of copper. The fact that they are getting ready to launch an exploration program gives me much encouragement:
http://katexploration.com/PressReleases/Business%20Model%20-%20KATX.pdf
I can tell you from experience something big is in the works here. I truly believe we will see a penny much sooner than investors expect. I would not wait another second to get invested into this company.
Just wait for a juicy PR. When it happens .0010's will be gone in a flash. This is the most oversold stock I have ever owned.
These big institutional buys are not a coincidence. KATX is setting up for something big to happen very soon.
"Kat Exploration Inc. is now in the process of acquiring working capital to carry out its exploration budget for 2015. Upon determining an economic deposit the company will engage experts in the copper oxide extraction business and begin generating revenue from a well planed operation."
http://katexploration.com/PressReleases/Business%20Model%20-%20KATX.pdf
"Kat Exploration Inc. is now in the process of acquiring working capital to carry out its exploration budget for 2015. Upon determining an economic deposit the company will engage experts in the copper oxide extraction business and begin generating revenue from a well planed operation."
http://katexploration.com/PressReleases/Business%20Model%20-%20KATX.pdf
Thanks for posting this Cheeky! Hope you make a killing.
$KATX
There is no doubt in my mind this is going higher. Penny land will be here sooner than you expect.
Your comments will not prevent the PPS from skyrocketing. In the next couple of weeks this will be the stock everyone is talking about. Investors are already finding out.
Yeah but after shares expenses and commissions I'm profitable at about .0004 because I bought most of my shares at .0001. I'm not that much under water. And I won't be selling anytime soon.
Call us bagholders if you want, but there is no doubt in my mind this stock will go higher. And by the way a majority of my shares were purchased at .0001.
Only 10,000 left at .0002 who wants it?
The big buys continue! The low PPS will be unsustainable soon.
I suspect a merger is in the works. Once we get the PR this stock will hit at least a penny.
52 week high is 31 cents... KATX has massive potential to run!
This stock will go higher. If it dips down to .0001-.0002 it is a fantastic buying opportunity.